FAQs  FS Manager

Do I need to key in both years of financial figures in the financial statements?

When preparing the financial statements in XBRL format using FS Manager for the first time, you are required to enter both the previous year's and current year's figures. However, for subsequent years' filings, the figures for the prior year will be pre-populated and you will only need to key in the figures for the current financial year, unless there are amendments to the prior year's figures.

Can I edit the information in the prior year when information is restated?

You can restate or reclass prior year comparatives in FS Manager.

There are many items in the templates provided. Do I need to key in 0 "zero" if the items are not applicable?

No, you are only required to enter data for compulsory items and items that are applicable to your financial statements.

Do I need to fill in the boxes in FS Manager or can I just attach the financial statements?

If your accounting systems or ERP (Enterprise Resource Planning) systems are able to export XBRL financial statements conforming to ACRA's taxonomy, the information in the XBRL financial statements loaded will be populated into FS Manager directly. If your financial statements are prepared using other file format (such as Microsoft Word or Excel), you are able to copy and paste the required information into the necessary fields in FS Manager.

Why can't ACRA make the balance sheet and income statement in a cut-and-paste format?

The main purpose of implementing XBRL is to ensure that financial information reported can be collated, analysed and reported easily in future. When ACRA started working on the design of the XBRL system, ICPAS and other professionals were consulted on the best way ACRA can capture and interpret such information. ACRA explored many options including the cut-and-paste option. However, if the cut-and-paste option was utilised, there would be no difference from the old system of using PDF. In addition, with the cut-and-paste format, users will be unable to extract data for surveillance or analysis purposes. There will be difficulties in classification of items and the system may not achieve its purpose in capturing and interpreting relevant

After we have created the financial statements using FS Manager, can the financial statements be saved in FS Manager tool itself or must we save in our computer?

The financial statements created using FS Manager cannot be saved in FS Manager itself. You can save to your local computer drive. Alternatively, you can save your XBRL financial statements on Bizfile for up to a maximum of 1 week.

What should I do if I encounter an error message in FS Manager?

You can contact ACRA's Helpdesk at 6248 6028 for assistance. To enable the Helpdesk to respond to the problem quickly, please provide them with the following information:

1. Nature of the problem;
2. Message displayed on the screen;
3. Date and time that the problem was encountered;
4. Company registration number; and
5. XBRL document

How do I remove the Draft label on the PDF document generated from FS Manager?

To remove the Draft label, you would need to log in to BizFile using a valid Sing Pass ID and access FS Manager from there to load the XBRL file.
The Draft label will not appear on the PDF document generated in this manner.

In FS Manager, how do I insert the name of the director(s) signing the Directors' report and the Statement by Directors?

You can select the director(s) who signed off the Directors' Report and the Statement by Directors from the drop-down list of auditors pre-populated from BizFile after you have logged in to BizFile.

This is the second year filing/preparation of XBRL financial statements by my company. Can the prior period figures be pre-populated such that I will only need to key in the current period figures?

For subsequent years of filing/preparation of XBRL financial statements for the company, you will be able to pre-populate prior period figures such that you will only need to key in the figures for the current financial period, unless there are amendments to prior period figures.
For usage of FS Manager (with BizFile login)
Authorised personnel (company officers and their duly appointed agents, i.e. professional firms, service bureau and their employees etc.) can retrieve the prior period XBRL financial statements filed by choosing the 'Create' option.
Enter the required information for current year filing. When the system detects that the prior financial period start and end dates tally with the prior period XBRL financial statements filed, the system will prompt to ask if you would like to load the prior period (e.g. 2007) XBRL financial statements filed to pre-populate the prior period figures (e.g. 2007) for current period (e.g. 2008) XBRL financial statements.
For usage of FS Manager (without BizFile login)
If you have a copy of the prior period (e.g. 2007) XBRL financial statements, prior period figures (e.g. 2007) for current period (e.g. 2008) XBRL financial statements may be pre-populated using FS Manager.

Step 1: Open prior period (2007) XBRL financial statements in FS Manager.

Step 2: Under Enter Company Registration Number, edit the dates of the financial periods in the following example:

The system will detect that your new prior financial period start and end dates are the same as your previous current financial period start and end dates. If you would like to pre-populate the prior period (2007) figures directly into your new (2008) financial statements, please click on the checkbox of moving the data in the financial statements according to the financial periods stated.