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Financial Accounting and Reporting in Malaysia, Volume 1 (Farm 1), 9th Edition

Financial Accounting and Reporting in Malaysia, Volume 1 (Farm 1), 9th Edition

Author: Tan Liong Tong
Publisher: CCH Malaysia
ISBN: 9789672875406
Published In: June 2025
Format: Paperback , 900 pages
Jurisdiction: Malaysia ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 860.00

HKD 834.20 Save HKD 25.80 (3%)

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Description
Contents
Author

Details

The 9th edition of Financial Accounting and Reporting in Malaysia (Volume 1) aims to develop knowledge and skills in understanding and applying the MFRSs, IFRSs, and MPERS. 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 requirements.

Why You’ll Love It
This book provides clear explanations and numerous practical examples to help practitioners, preparers, and students understand the MFRSs. It offers guidance on how to apply these standards to Malaysian businesses, ensuring compliance with the latest requirements. The detailed discussions and illustrative questions and answers make complex accounting principles accessible and practical.

Key Features

Issues-Based Approach: Each accounting chapter summarizes, explains, and demonstrates principles and issues with illustrative questions and answers.
Clear Explanations: Detailed discussions of accounting principles with a focus on local practices.
Practical Examples: Numerous examples to help understand and apply the MFRSs to Malaysian businesses.
Compliance Guidance: Ensures users can prepare and present financial statements in compliance with the latest requirements.

Who Should Read This

Practitioners
Preparers
Students

It's comprehensive and practical approach makes it an essential resource for anyone needing to understand and apply the MFRSs, IFRSs, and MPERS in the context of Malaysian businesses.

Chapter 1: An Overview of the Financial Reporting in Malaysia

Chapter 2: The Conceptual Framework for Financial Reporting

Chapter 3: Presentation of Financial Statements

Chapter 4: Statement of Cash Flows

Chapter 5: Accounting Policies, Estimates and Errors & First-time Adoption of a New Reporting Framework

Chapter 6: Revenue from Contracts with Customers

Chapter 7: Inventories, Current Assets and Current Liabilities

Chapter 8: Construction Contracts & Service Concession Arrangements

Chapter 9: Property Development Activities

Chapter 10: Property, Plant & Equipment

Chapter 11: Investments in Equity & Debt Instruments

Chapter 12: Investment Property

Chapter 13: Intangible Assets

Chapter 14: Impairment of Assets

Chapter 15: Non-Current Assets Held for Sale and Discontinued Operations

Chapter 16: Long-Term Financial Liabilities and Borrowing Costs

Chapter 17: Leases

Chapter 18: Deferred Taxation

Chapter 19: Employee Benefits and Retirement Benefit Plans

Chapter 20: Share-Based Payments

Chapter 21: Commitments, Provisions and Contingencies

Chapter 22: Events after the Reporting Period and Other Significant Events

Chapter 23: Government Grants, Deferred Income and Regulatory Deferral Accounts

Chapter 24: Share Capital, Reserves and Other Equity Items

Chapter 25: Fair Value Measurement

Chapter 26: Reporting Hyperinflationary Economies.

Tan Liong Tong is a respected and experienced author on financial reporting practices. He has served as a project manager in working groups assigned to developing the Standards of the Malaysian Accounting Standards Board (MASB). He currently serves aa a project manager of the MASB Working Group (WG 63) on Consolidation and as a Technical Consultant to Mazars Malaysia. High in demand as a consultant to various institutions and organisations, he has published numerous research articles, books, monographs and practice manuals in the field of financial accounting and reporting.