Thursday, 24 November 2016

Financial Reporting

In a meeting of National Standard Setters (NSS) in March 2011, the Malaysian Accounting Standards Board (MASB) called for limited amendments to IAS 41 Agriculture and requested the IASB to reconsider the accounting treatment...

In January 2006, Malaysian Accounting Standards Board (MASB) issued Exposure Draft ED 50 Agriculture for public comments by professional accounting bodies, regulators, users and other interested parties. The ED 50 was closed for comments...

On 12 May 2011, the IASB has issued IFRS 13 Fair Value Measurement which replaces the guidance on fair value measurement in existing IFRS accounting literature with a single standard. The IFRS is the result...

On 12 May 2012, the International Accounting Standards Board (IASB) issued 3 new IFRSs on accounting for consolidation, joint (venture) arrangements and disclosure of involvements with other entities. Each of the 3 standards have an...

Further to our blog on “How to determine Realised / Unrealised Profits?”, there are some new developments in the accounting profession and regulator’s directives. Revised Bursa Malaysia Directive dated 20 December 2010 In the Bursa Malaysia...

Hektar Real Estate Investment Trust (REIT) announced its Q3 2010 results yesterday, with some extracts below:Cumulative 3 QuartersCurrentPreceding  YTDYTD  30.9.201030.9.2009%RevenueActual revenue - billing66,837,20566,182,5801.0%Revenue under FRS 1171,059,693-100%Total revenue67,896,89866,182,5802.6% Trade receivables- actual billing706,621375,18888.3%- receivables under FRS 1171,059,693-100%Total trade...

There are increasing MASB accounting standards which require the application of fair value accounting and measurement in the financial statements, notable accounting standards include fair value model under FRS 140 Investment Properties and recognition...

On 30 Aug 2010, Malaysian Accounting Standards Board (MASB) announced to defer the effective date of IC Interpretation 15 Agreements for the Construction of Real Estate (IC 15) from 1 July 2010 to 1...
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