The Charities Accounting Standard 2011 – Implications for Singapore Charities By Chan–Ng Ai Lin, Wee Beng Geok & Ivy Buche

Publisher Ref No:	ABCC-2011-007	Pub/Rev Date:	2011
Industry:	Non-Profit Sector	Case Length:	7 pages
Teaching Note Ref:	ABCC-2011-007(TN)	Teaching Note:	5 pages
Organisation:	-	Period Covered:	2011
Country:	Singapore	Level:	Undergraduate/ Postgraduate

Publisher:

The Asian Business Case Centre, Nanyang Technological University

Abstract

With the issuance of the Singapore Charities Accounting Standard (CAS) on 24 June 2011, charities in Singapore that were already complying with the Singapore Financial Reporting Standards (FRS), were presented with a choice – should they continue to comply with FRS or switch to CAS? On the other hand, charities that were complying with the Recommended Accounting Practice 6 (RAP6) (Revised 2006), which would be withdrawn, had to adopt a new accounting standard. Would it be FRS or CAS?

Issues:
Accounting standards for Singapore charities.

About the Authors