A Practical Guide to Malaysian Financial Reporting Standards (MFRS Framework)

• Main Author: Eng, Juan Ng (Author)
• Format: Book
• Language: English
• Published: Kuala Lumpur Commerce Clearing House (Malaysia) 2017
• Edition: 5th Edition
• Subjects: Financial statements > Malaysia; Accounting > Standards > Malaysia; Corporation reports > Malaysia
• Online Access: Click Here to View Status and Holdings.

 This publication explains and illustrates all the Malaysian Financial Reporting Standards (MFRSs) and Issues Committee Interpretations (IC Int) issued by the Malaysian Accounting Standards Board (MASB) and effective as at 1 January 2017. It also covers MFRS 9 Financial Instruments and MFRS 15 Revenue from Contracts with Customers which will be effective on 1 January 2018, and MFRS 16 Leases which will be effective on 1 January 2019. The major provisions of each standard is highlighted and illustrated, with a professional emphasis. Questions and answers dealing with the more complex accounting issues are included to enhance understanding of the requirements of the MFRSs. This 5th Edition continues to build on the earlier editions' reputation as a complete, quick and reliable guide to the MFRS Framework. This publication will be invaluable to those who require practical working knowledge of the MFRSs. Academics and students will also gain a sound understanding of the relevant standards and appreciate the practicalities involved in their application.