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Financial Accounting and Reporting in Malaysia, Volume 1 (6th Edition)

Tan Liong Tong

eBook MYR255.00 (No SST)

This book focuses on the accounting principles (with emphasis on local practices) and readers are guided on the preparation, presentation and reporting of financial statements that are in compliance with MFRSs, or with MPERS.

This latest 6th Edition now has 23 chapters, compared to 18 previously, where certain contents have been split into different chapters for clarity. Where applicable, each chapter now contains references to MPERS, for private entities that choose to adopt MPERS instead of MFRS, and key differences between MPERS and MFRSs are also highlighted.

There are more than 500 practical examples, with emphasis on the more complicated standards such as MFRS 10 Consolidated Financial Statements, as well as the newer standards, i.e. MFRS 15 Revenue from Contracts with Customers and MFRS 16 Leases.

Key features & benefits:

  • Goes through each key accounting practice issue, the requirements and application of each MFRS
  • Principles and issues summarised, explained and demonstrated with examples
  • Detailed discussion of MFRS requirements including recognition, measurement, presentation and disclosures. Where applicable, MPERS requirements are also included
  • Discussion on new developments, particularly exposure drafts which will have an impact on existing standards
  • Extensive illustrative examples to cover both basic as well as complex scenarios

Contents includes:

  1. An Overview of the Financial Reporting in Malaysia
  2. The Conceptual Framework for Financial Reporting
  3. Presentation of Financial Statements
  4. Statement of Cash Flows
  5. Accounting Policies, Estimates and Errors & First-time Adoption of a New Reporting Framework
  6. Revenue
  7. Inventories, Current Assets and Current Liabilities
  8. Construction Contracts, Property Development Activities & Service Concession Arrangements
  9. Property, Plant & Equipment
  10. Investments in Equity & Debt Instruments
  11. Investment Property
  12. Intangible Assets
  13. Impairment of Assets, Non-Current Assets Held for Sale and Discontinued Operations
  14. Long-Term Financial Liabilities and Borrowing Costs
  15. Leases
  16. Deferred Taxation
  17. Employee Benefits, Share-Based Payments And Retirement Benefit Plans
  18. Commitments, Provisions and Contingencies
  19. Events after the Reporting Period and Other Significant Events
  20. Government Grants, Deferred Income and Regulatory Deferral Accounts
  21. Share Capital, Reserves and Other Equity Items
  22. Fair Value Measurement
  23. Reporting in Hyperinflationary Economies

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