Financial Reporting Standards for Malaysia

From 1 January 2006, organizations in Malaysia are required to adopt the new Financial Reporting Standards (FRS) issued by the Malaysian Accounting Standards Board (MASB). This is in line with the International Financial Reporting Standards for the preparation and presentation of Financial Statements. Financial Reporting Standards for Malaysia is a comprehensive guide to understanding the finer details enshrined in the FRS. Suitable for students, academicians, practitioners and regulators who need a clear picture on the application of the FRS, the book will enlighten readers on changes to disclosure requirements, new mandatory items, and the legal implication of non-reporting.