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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

An Overview of the Financial Reporting in Malaysia
The Conceptual Framework for Financial Reporting
Presentation of Financial Statements
Statement of Cash Flows
Accounting Policies, Estimates and Errors & First-time Adoption of a New Reporting Framework
Revenue
Inventories, Current Assets and Current Liabilities
Construction Contracts, Property Development Activities & Service Concession Arrangements
Property, Plant & Equipment
Investments in Equity & Debt Instruments
Investment Property
Intangible Assets
Impairment of Assets, Non-Current Assets Held for Sale and Discontinued Operations
Long-Term Financial Liabilities and Borrowing Costs
Leases
Deferred Taxation
Employee Benefits, Share-Based Payments And Retirement Benefit Plans
Commitments, Provisions and Contingencies
Events after the Reporting Period and Other Significant Events
Government Grants, Deferred Income and Regulatory Deferral Accounts
Share Capital, Reserves and Other Equity Items
Fair Value Measurement
Reporting in Hyperinflationary Economies