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Financial Accounting and Reporting in Malaysia, Volume 2 (6th Edition)

Tan Liong Tong

Book MYR295.00 (No GST)
eBook MYR295.00 (including GST)

Financial Accounting and Reporting in Malaysia explains clearly the Conceptual Framework used in the preparation of financial statements for entities, including groups of companies, and how to analyse and interpret those financial statements. With a clear emphasis on local practices, accounting principles are discussed in detail to guide users on the preparation and presentation of financial statements to ensure compliance with the latest accounting pronouncements. Where applicable, comparisons are also made with statutory requirements and guidelines issued by the Securities Commission and the Central Bank of Malaysia. In addition, focus is given providing sample comprehensive disclosures of the Malaysian Financial Reporting Standards (MFRS) that may serve as guidelines for company practices. Principles and issues are summarised, explained and demonstrated with illustrative questions and answers in each accounting chapter of this issues-based book.

Financial Accounting and Reporting in Malaysia is published in two volumes. Volume 1 is suitable for intermediate and advanced financial accounting courses while Volume 2 is suitable for advanced financial accounting courses or post-graduate programmes, although some chapters are also ideal for a course in specialised accounting or current issues. Together, the volumes will enable the user to develop knowledge and skills in understanding and applying the MFRSs and International Financial Reporting Standards (IFRSs).

Accounting practitioners, preparers and users of financial reports, as well as students will find this book indispensable. 

Key Features & Benefits:

  • The theoretical framework in the preparation of financial statements of entities, including groups, and how to analyse and interpret those financial statements are clearly explained, along with worked examples.
  • Principles and issues in each approved accounting standard are discussed in detail and relate them to the actual practices in Malaysia, to guide users on the preparation and presentation of financial statements that are in compliance with the accounting pronouncements.
  • Able to develop knowledge and skills in understanding and applying the MFRSs.

Topics Covered:

  1. Financial Instruments – Recognition and Derecognition
  2. Financial Instruments – Measurement and Reclassification
  3. Hedging and Hedge Accounting
  4. Financial Instruments – Presentation and Disclosures
  5. Earnings Per Share
  6. Shares and Business Valuation
  7. Business Combinations
  8. Reverse Acquisitions, Mergers and Combined Financial Statements
  9. Consolidated and Separate Financial Statements
  10. Advanced Consolidation Principles
  11. Joint Arrangements and Associates
  12. Disclosures of Interests in Other Entities
  13. The Effects of Changes in Foreign Exchange Rates
  14. Consolidated Statement of Cash Flows
  15. Segment Reporting
  16. Related Party Disclosures
  17. Banks and Similar Financial Institutions
  18. Insurance Entities
  19. Investment Trust Funds
  20. Agriculture Entities
  21. Extractive Industries
  22. Interim Reporting, Corporate Governance, Social and Voluntary Reporting

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