Consolidated Financial Statements, 10th Edition (2022)

Compared to the previous edition, this edition also includes new guidance on the following topics:

• Intragroup lease arrangements arising from MFRS 16 Leases;
• Different classes of financial assets in the consolidated financial statements arising from MFRS 9 Financial Instruments;
• Reduction of capital and return of capital to NCIs in accordance with the new Companies Act 2016; and
• Effects of shares or share options granted to employees of a subsidiary.

The subject of consolidated accounts continues to receive increasing attention in Malaysia mainly because of the continuing growth in the corporate activities of takeovers, mergers and acquisitions. At the international level, the principles relating to business combinations and consolidation have also changed over the years. This book continues to be recommended as an invaluable source of reference for accounting students and practitioners as a comprehensive guide to the principles of consolidated financial statements.