This book serves as a comprehensive guide to all the Financial Reporting Standards (FRSs) and INT FRS issued by the Accounting Standards Council Singapore that are effective as at 1 January 2018 (as well as FRS 116 Leases which is effective from 1 January 2019). A Practical Guide to Financial Reporting Standards (Singapore), 7th Edition gives extra emphasis on areas where formal guidance is ambiguous and difficult to understand. Comprehensive illustrations covering both simple and complex scenarios are provided in every chapter to provide useful guidance for practical application and implementation of the respective accounting standards. An outstanding source of reference, this Seventh Edition helps to provide a strong understanding of accounting standards both for accounting practitioners to enhance their practical working knowledge and for students looking to excel in their field of study and their future careers.