Join us in this article to understand how those events which took place after the reporting period may affects the numbers reported in the financial statements.
International
Worldwide Latest News, Opinion and Technical Articles for Accounting, Tax, Finance, Audit and related Technology.
Posted inFinancial Accounting
Analysis of IFRIC Agenda Decision: Over time transfer of constructed good (IAS 23 Borrowing Costs)
This article provides an insights on how IFRIC Agenda Decision on IAS 23 Borrowing Costs effects property players listed in the main market in Malaysia.
Posted inFinancial Accounting
Factsheet Series: 10 key takeaways on IAS 29 Financial Reporting in Hyperinflationary Economies
Does your company’s functional currency is the currency of a hyperinflationary economy? Not sure what is a hyperinflationary economy? Or you not sure how to record and report on your financial results? Find out the details in the article.
Posted inFinancial Accounting
Factsheet Series: 7 key takeaways on IAS 41 Agriculture
Does your company involve in agricultural activities such as raising livestock, fish and poultry, orchards, or floriculture? Find out more from this article on how you should show and record their value to your business.
Posted inFinancial Accounting
Factsheet Series: 10 key takeaways on IAS 20 Accounting for Government Grants and Disclosure of Government Assistance
We bring to you the accounting requirements in IAS 20 on how to account and what to disclose in relation to government grants and government assistance.
Posted inFinancial Accounting
Factsheet Series: 10 key takeaways on IAS 38 Intangible Assets
This article brings to you the 10 key takeaways on IAS 38 Intangible Assets that entities need to pay attention when they account for such assets.
Posted inFinancial Accounting
Factsheet Series: 9 key takeaways on IAS 40 Investment Property
This article brings to you 9 key takeaways or consideration when entities account for their investment property in accordance with IAS 40.
Posted inFinancial Accounting
Factsheet Series: IAS 16 Property, Plant and Equipment
PPE continue to be an important assets to any businesses. This article summarises 10 key takeaways on the accounting requirements for PPE under IAS 16.
Posted inFinancial Accounting
Inventories: Comparison between MPSAS 12, MFRS 102 and Section 13 of MPERS
This article discusses and compares the accounting treatment for inventories under MPSAS 12, MFRS 102 and Section 13 of MPERS. It highlights the main differences in the accounting treatment for inventories under the three standards. This article, however, will not cover the discussion on which entity will use which standard as this discussion. Instead, the […]
Posted inFinancial Accounting
MPSAS 32: Service Concession Arrangements – Grantor
The article discusses accounting requirements for service concession arrangements for grantor and how it mirrors the operator’s perspective.