Financial Reporting

Application of IAS 41 Agriculture in Malaysia

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

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...

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...

How to determine Realised / Unrealised Profits?

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There are increasing MASB accounting standards which require the application of fair value accounting and measurement in the financial statements, notable accounting standards include...

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...

Bursa Malaysia Directives on disclosure of realised and unrealised profit or loss

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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...

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...

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...

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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