The Establishment of the International Sustainability Standards Board (“ISSB”)
Understand the newly established International Sustainability Standards Board (”ISSB”) to look at the Sustainability Reporting.
Liabilities with Covenants: Proposed amendments to IAS 1
Latest updates on the proposed narrow-scope amendments to IAS 1 by IASB to clarify on…
Ijarah Contract: An Overview of Islamic Lease
Understand what is Ijarah, how it works and the application of this Islamic lease-based contract…
IFRIC Tentative Agenda Decision: Demand Deposits with Restriction of Use
IFRIC tentatively decided in its September 2021 meeting that a demand deposit with restriction of…
IFRIC Tentative Agenda Decision: Cash Received via Electronic Transfer as Settlement for a Financial Asset
IFRIC tentatively decided that on the accounting treatment for cash received via electronic transfer for settlement of a financial asset.
Leases: Comparison between MPSAS 13, MFRS 16 and Section 20 of MPERS
Comparison on the financial reporting requirements for leases under MPSAS 13, MFRS 16 and Section 20 of MPERS.
IFRIC Agenda Decision: Player Transfer Payments
Understand how a hiring entity accounts for the player transfer payments received from the receiving entity.
An Overview of Mudharabah and Musyarakah Contracts
Overview on the Islamic profit sharing contracts – Mudharabah and Musyarakah in Islamic Finance products.
MIA and CPA Australia releases updated guides to improve understanding of Company Annual Report
The two updated guides are Guide to Understanding Annual Reports and Auditing and Assurance for…
An Overview of FAS 38: Accounting for Wa’ad, Khiyar and Tahawwut
Explanation of financial accounting requirements for Wa’ad, Khiyar and Tahawwut transactions under AAOIFI FAS 38.
BIS Innovation Hub and Central Banks joins forces to test CBDCs
BIS Innovation Hub and central banks of Australia, Malaysia, Singapore and South Africa will test…
An Overview of Islamic Contract: Murabahah
Murabahah is a common sale-based contract used in Islamic financial transactions.
Practice Statement Exposure Draft on Management Commentary: What should you know?
IASB exposure draft on Practice Statement on management commentary proposes guidance on how and what…
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Presentation of Financial Statements: Comparison between MPSAS, MFRS and MPERS
A comparison of the financial reporting requirements in MPSAS, MFRS and MPERS relating to the presentation of financial statements.
Employee Benefits: Comparison between MPSAS 25, MFRS 119 and Section 28 of MPERS
The article discusses the significant differences on the accounting requirements for employee benefits under MPSAS 25, MFRS 119 and Section 28 of MPERS.
Factsheet Series: Accounting for Defined Benefit Plan
Lets understand how entities account for defined benefit plans given to employees as part of their post-employment benefits.