Financial Reporting

MASB calls for IAS 41 post-implementation review

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

Key differences between FRS and MFRS

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The MASB had on 17 November 2011 announced and confirmed that Malaysia will converge with IFRS by 1 January 2012 and issued a new...

MASB defers IC Interpretation 15 Agreements for the Construction of Real Estate

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

New IFRS 13 on Fair Value Measurement

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On 12 May 2011, the IASB has issued IFRS 13 Fair Value Measurement which replaces the guidance on fair value measurement in existing IFRS...

IASB issued 3 new IFRSs on Consolidation and Joint Venture Arrangements

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On 12 May 2012, the International Accounting Standards Board (IASB) issued 3 new IFRSs on accounting for consolidation, joint (venture) arrangements and disclosure of...

IFRS compliant by 2012 in Malaysia is ON

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The Malaysian Accounting Standards Board (“MASB”) has, on 28 June 2011, issued MASB Exposure Draft 75 “IFRS-compliant Financial Reporting Standards” (“MASB ED 75”), which...

Another wave of new IFRS standards hitting Malaysia by 2013

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In May 2011, the International Accounting Standards Board (IASB) simultaneously issued six IFRSs, five of which relate to consolidation and one on fair value...

MFRS 9 to result in comprehensive provisioning methods

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KUALA LUMPUR: Perbadanan Insurans Deposit Malaysia (PIDM) expects the Malaysian Financial Reporting Standards 9 (MFRS 9), which was implemented on Jan 1, 2018, to...

Hektar REIT Q3 2010 results & accounting review

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Hektar Real Estate Investment Trust (REIT) announced its Q3 2010 results yesterday, with some extracts below: Cumulative 3 Quarters Current Preceding     YTD YTD     30.9.2010 30.9.2009 % Revenue Actual revenue - billing 66,837,205 66,182,580 1.0% Revenue under FRS 117 1,059,693 - 100% Total...

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