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

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

Author: Tan Liong Tong
Publisher: CCH Malaysia
ISBN: 9789670853291
Published In: January 2017
Format: Paperback , 893 pages
Jurisdiction: Malaysia ? Disclaimer:
Countri(es) stated herein are used as reference only

New Edition is available now !

Description
Contents

Details
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
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