Financial Reporting
MFRS 9 to result in comprehensive provisioning methods
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
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...
MASB confirms Malaysia to converge with IFRS on 1 Jan 2012
19 November 2011 - The Malaysian Accounting Standards Board (MASB) today issued a new MASB approved accounting framework, named as “Malaysian Financial Reporting Standards...
How to determine Realised / Unrealised Profits?
There are increasing MASB accounting standards which require the application of fair value accounting and measurement in the financial statements, notable accounting standards include...
Another wave of new IFRS standards hitting Malaysia by 2013
In May 2011, the International Accounting Standards Board (IASB) simultaneously issued six IFRSs, five of which relate to consolidation and one on fair value...
Key differences between FRS and MFRS
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
On 30 Aug 2010, Malaysian Accounting Standards Board (MASB) announced to defer the effective date of IC Interpretation 15 Agreements for the Construction of...
Bursa Malaysia Directives on disclosure of realised and unrealised profit or loss
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...
MASB calls for IAS 41 post-implementation review
In a meeting of National Standard Setters (NSS) in March 2011, the Malaysian Accounting Standards Board (MASB) called for limited amendments to IAS 41...
