Financial Instruments: Recognition, Measurement, Presentation & Disclosures (4th Edition)

This book addresses the various Standards regarding accounting for financial instruments in Malaysia, with the objective of making the standards understandable and operational to accountants and accounting students.

With effect from 1 January 2018, these Standards are:

• MFRS 9(2014) Financial Instruments
• MFRS 132 Financial Instruments: Presentation
• MFRS 7 Financial Instruments: Disclosures.

New in this edition

Numerous updates and developments on the financial reporting standards for financial instruments are covered in this new edition, including the new IC Interpretations, MFRSs Amendments, and additions to MFRS 9 covering classification and measurement of financial assets and financial liabilities, impairment methodology and a new hedge accounting model. It also includes more detailed discussions of accounting for some common derivative instruments and complex implementation issues of the standards, such as the expected credit loss model for impairment testing and the assessment of hedge effectiveness. Also, the new Companies Act 2016became effective for financial year/period ended 31 January 2017 and it replaces the original Companies Act 1965 in its entirety.

Key features include:

• Straightforward guide:  Provides step-by-step instructions on the ways to recognise financial instruments and the various methods of measurement and presentation
• Improve financial reporting: Helps users to improve proficiency in reporting their company’s financial performance
• Credible and practical commentary: Authored by leading accounting professional in Malaysia, Prof Tan Liong Tong