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A Practical Guide to Malaysian Financial Reporting Standards (MFRS Framework) 5th Edition

Ng Eng Juan

Book MYR235.00 (No SST)
eBook MYR235.00 (No SST)

This publication explains and illustrates all the Malaysian Financial Reporting Standards (MFRSs) and Issues Committee Interpretations (IC Int) issued by the Malaysian Accounting Standards Board (MASB) and effective as at 1 January 2017. It also covers MFRS 9 Financial Instruments and MFRS 15 Revenue from Contracts with Customers which will be effective on 1 January 2018, and MFRS 16 Leases which will be effective on 1 January 2019. The major provisions of each standard is highlighted and illustrated, with a professional emphasis. Questions and answers dealing with the more complex accounting issues are included to enhance understanding of the requirements of the MFRSs.

This 5th Edition continues to build on the earlier editions’ reputation as a complete, quick and reliable guide to the MFRS Framework. This publication will be invaluable to those who require practical working knowledge of the MFRSs. Academics and students will also gain a sound understanding of the relevant standards and appreciate the practicalities involved in their application.   

Key Features & Benefits

  • Best Practice: Provides guidance on the preparation and presentation of financial statements that are in compliance with the MFRSs
  • Efficient Reporting: Enables readers to develop and improve proficiency in new and complex areas such as financial instruments, revenue and leases
  • Q&A: Deals with the more complex accounting issues at the end of the chapters to enhance understanding on the accounting requirements of the MFRSs

Topics Covered

  • Introduction
  • MFRS 1 First-time Adoption of Financial Reporting Standards
  • MFRS 2 Share-based Payment
  • MFRS 3 Business Combinations
  • MFRS 4 Insurance Contracts
  • MFRS 5 Non-current Assets Held for Sale and Discontinued Operations
  • MFRS 6 Exploration for and Evaluation of Mineral Resources
  • MFRS 7 Financial Instruments: Disclosures
  • MFRS 8 Operating Segments
  • MFRS 9 Financial Instruments
  • MFRS 10 Consolidated Financial Statements
  • MFRS 11 Joint Arrangements
  • MFRS 12 Disclosure of Interests in Other Entities
  • MFRS 13 Fair Value Measurement
  • MFRS 14 Regulatory Deferral Accounts
  • MFRS 15 Revenue from Contracts with Customers
  • MFRS 16 Leases
  • MFRS 101 Presentation of Financial Statements
  • MFRS 102 Inventories
  • MFRS 107 Statement of Cash Flows
  • MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors
  • MFRS 110 Events after the Reporting Period
  • MFRS 111 Construction Contracts
  • MFRS 112 Income Taxes
  • MFRS 116 Property, Plant and Equipment
  • MFRS 117 Leases
  • MFRS 118 Revenue
  • MFRS 119 Employee Benefits
  • MFRS 120 Accounting for Government Grants and Disclosure of Government Assistance
  • MFRS 121 The Effects of Changes in Foreign Exchange Rates
  • MFRS 123 Borrowing Costs
  • MFRS 124 Related Party Disclosures
  • MFRS 126 Accounting and Reporting by Retirement Benefit Plans
  • MFRS 127 Separate Financial Statements
  • MFRS 128 Investments in Associates and Joint Ventures
  • MFRS 129 Financial Reporting in Hyperinflationary Economies
  • MFRS 132 Financial Instruments: Presentation
  • MFRS 133 Earnings per Share
  • MFRS 134 Interim Financial Reporting
  • MFRS 136 Impairment of Assets
  • MFRS 137 Provisions, Contingent Liabilities and Contingent Assets
  • MFRS 138 Intangible Assets
  • MFRS 139 Financial Instruments: Recognition and Measurement
  • MFRS 140 Investment Property
  • MFRS 141 Agriculture
  • Appendix : IC Interpretations
  • Index

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