Financial Accounting and Reporting in Malaysia

Financial Accounting and Reporting in Malaysia 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. 

This new 7th edition incorporates: The new 2018 Conceptual Framework for Financial Reporting, which establishes the foundation and rationale of financial reporting, and the fundamental concepts and principles. Complete chapters covering the latest MFRS 15 Revenue from Contracts with Customers, MFRS 9 Financial Instruments and MFRS 16 Leases. All amendments to existing MFRSs since the last edition. Additional guidance on intra-group share-based payment arrangements. Additional guidance on capital reduction, capital reconstruction and arrangement, and liquidation under the Companies Act 2016.