Saturday, 10 June 2023

Financial Reporting

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...

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...

The Securities Commission Malaysia on 8 July 2011, launched the 5-year Corporate Governance Blueprint, which provides the action plan to raise the standards of corporate governance in Malaysia. The Blueprint focuses on 6 areas, namely...

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...

19 November 2011 - The Malaysian Accounting Standards Board  (MASB) today issued a new MASB approved accounting framework, named as “Malaysian Financial Reporting Standards (MFRS Framework)”, which are word-by-word equivalent to IFRS standards issued...

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...

In May 2011, the International Accounting Standards Board (IASB) simultaneously issued six IFRSs, five of which relate to consolidation and one on fair value measurement. IFRS 10, Consolidated Financial Statements; IFRS 11, Joint Arrangements; IFRS 12, Disclosures...

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 revenue 67,896,898 66,182,580 2.6%   Trade receivables - actual billing 706,621 375,188 88.3% - receivables under FRS 117 1,059,693 - 100% Total trade...

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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