Addressing the application of the new MFRS, this book provides explanations on the accounting principles with emphasis on local practices to guide users in preparing financial statements in compliance with the standards.
Features:
- Provides guidance on reparation and presentation of financial statements that are in compliance with MFRS
- Helps users improve proficiency in accurate reporting in complex areas like fair value, estimations and
judgement
- Includes sample disclosures of the new MFRS
Content:
Chapter 1: An Overview of the Financial Reporting in Malaysia
Chapter 2: The Conceptual Framework for Financial Reporting and Reporting in Hyperinflationary Economies
Chapter 3: Presentation of Financial Statements
Chapter 4: Accounting Policies, Estimates and Errors & First-time Adoption of MFRSs
Chapter 5: Revenue
Chapter 6: Inventories, Current Assets and Current Liabilities
Chapter 7: Construction Contracts, Property Development Activities and Service Concession Arrangements
Chapter 8: Property, Plant and Equipment, Revaluation, Depreciation and Impairment
Chapter 9: Investment and Investment Properties
Chapter 10: Intangible Assets
Chapter 11: Impairment of Assets, Non-current Assets Held for Sale and Discontinued Operations
Chapter 12: Long-term Financial Liabilities, Leases and Borrowing Costs
Chapter 13: Deferred Taxation
Chapter 14: Employee Benefits, Share-based Payments and Retirement Benefit Plans
Chapter 15: Commitments, Provisions, Contingencies, Events after the Reporting Period and Deferred Income
Chapter 16: Share Capital, Reserves and Other Equity Items
