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

By Tan Liong Tong
CCH Malaysia June 2025

Specifications

ISBN-13
9789672875406
Publisher
CCH Malaysia
Publication
June 2025
Format
Paperback , 900 pages
Jurisdiction
Malaysia ? Countri(es) for reference only

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. 

Table of Contents

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.

About the Author

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.

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