Latest updates on the proposed narrow-scope amendments to IAS 1 by IASB to clarify on classification of liabilities with covenants.
Financial Accounting
Latest News, Opinion and Technical Articles for Financial Accounting.
Posted inFinancial Accounting
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 use is cash and cash equivalents.
Posted inFinancial Accounting
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.
Posted inFinancial Accounting
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.
Posted inFinancial Accounting
IFRIC Agenda Decision: Player Transfer Payments
Understand how a hiring entity accounts for the player transfer payments received from the receiving entity.
Posted inAudit
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 Malaysia Listed Companies.
Posted inFinancial Accounting
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 information included in the commentary.
Posted inFinancial Accounting
Intangible Assets: Comparison between MPSAS 31, MFRS 138 and Section 18 of MPERS
Find out the differences in financial reporting requirements for intangible assets under MPSAS 31, MFRS 138 and Section 18 of MPERS.
Posted inFinancial Accounting
Factsheet Series: 9 Key takeways of IFRS 8 Operating Segments
The article summarises the key financial reporting requirements for disclosure of information relating to operating segments under IFRS 8.
Posted inFinancial Accounting
Exposure Draft: The Proposed Disclosures Simplification for Subsidiaries Without Public Accountability
The article summarises the proposal by IASB on a new standard to simplify the disclosures requirements for subsidiaries without public accountability.