This new 7th edition incorporates:

• The new 2018 Conceptual Framework for Financial Reporting, which establishes the foundation and rationale of financial reporting, and the fundamental concepts and principles. 
• Complete chapters covering the latest MFRS 15 Revenue from Contracts with Customers, MFRS 9 Financial Instruments and MFRS 16 Leases.
• All amendments to existing MFRSs since the last edition.
• Additional guidance on intra-group share-based payment arrangements.
• Additional guidance on capital reduction, capital reconstruction and arrangement, and liquidation under the Companies Act 2016.

Key benefits of the guide include:

• Principles and issues are summarised, explained and demonstrated with illustrative questions and answers in each accounting chapter of this issues-based book.
• Clear explanations and numerous practical examples give practitioners, preparers and students a better understanding of the MFRSs, and guidance on how to apply them to businesses in Malaysia.
• Incorporates the latest changes that have occurred to help readers keep pace with ongoing developments as MFRSs continues to expand and evolve.

Who should read this guide?

• Volume 1: suitable for intermediate and advanced financial accounting courses.
• Volume 2: suitable for advanced financial accounting courses or a post-graduate programme, although some chapters are also ideal for a course in specialized accounting or current issues.

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