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MFRS Insights into MFRS 17 - Impact on non-insurance entities

This article examines the scope of the Standard and considers situations where a contract issued by a non-insurance entity may fall within that scope.

13 Mar 2024

MFRS Classification of share-based payment transactions and vesting conditions

This article focuses on share-based payments directly between the reporting entity and a counterparty.

13 Mar 2024

MFRS What is MFRS 2?

This article provides an overview including the objective and scope of MFRS 2.

07 Feb 2024

MFRS Insights into MFRS 3 - Determining what is part of a business combination transaction

Our ‘Insights into MFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most

14 Dec 2023

MFRS Insights into MFRS 3 - Consideration transferred

Our ‘Insights into MFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most

29 Nov 2023

Sustainability Overview of IFRS S1 and IFRS S2

On 26 June 2023 the International Sustainability Standards Board (ISSB) released its first two International Sustainability Disclosure Standards (IFRS SDS or

22 Aug 2023

Insights into MFRS 136 Presentation and disclosure

This article provides a summary of the MFRS 136 disclosure requirements and highlights particular areas of focus for regulators, including select illustrative

26 May 2023

MFRS MFRS 136 Other impairment issues

This article considers some regularly encountered application issues when applying MFRS 136, which are the ‘deferred tax and goodwill problem’, non-controlling

10 May 2023

Insights into MFRS 8 Disclosures for annual financial statements

Our ‘Insights into MFRS 8’ series is designed to illustrate how MFRS 8 should be applied and it provides guidance and insight in some problematic areas. We

12 Apr 2023

Insights into MFRS 8 Disclosures for interim financial statements

Understanding how an entity is performing from management’s point of view during an interim reporting period can be just as important as the annual disclosures

06 Apr 2023

MFRS MFRS 8 - Other application issues and Standards involving operating segments

This article sets out further application issues and information regarding other standards involving operating segments.

19 Oct 2022

MFRS MFRS 8 - Entity-wide disclosures

This article sets out the requirements for entity-wide disclosures.

12 Oct 2022

MFRS MFRS 8 - Segment information to be disclosed

This article sets out the segment information that needs to be disclosed in the consolidated financial statements of the reporting entity.

28 Sep 2022

MFRS Insights into MFRS 8 - Reportable segments

This article sets out the requirements of identifying reportable segments, which is closely linked to aggregating operating segments.

22 Sep 2022

MFRS Insights into MFRS 8 - Aggregation of operating segments

This article sets out the requirements when aggregating operating segments, which is closely linked to reportable segments.

14 Sep 2022

Insights into MFRS 136 Reversing impairment losses

This article focuses on part step 6; reversing impairment losses

12 May 2022

Insights into MFRS 136 Recognising impairment losses

This article focuses on part step 6; recognition of impairment losses

27 Apr 2022

Insights into MFRS 136 Comparing recoverable amount with carrying amount

This article discusses when there are exceptions to the rule of comparing recoverable amount with carrying amount, which is step 5 in the impairment review

21 Apr 2022

Insights into MFRS 136 Value in use: applying the appropriate discount rate

This article is the final in a three-part series on Step 4 of the impairment review on estimating the recoverable amount and discusses how to estimate an

13 Apr 2022

MFRS MFRS 8 - Identifying Operating Segments

MFRS 8 ‘Operating Segments’ aligns external reporting through the identification and reporting of operating segments with what is reported internally by

23 Feb 2022

MFRS MFRS 136 - Value in use: estimating future cash inflows and outflows

This article is the second in a three-part series on Step 4 of the impairment review on estimating the recoverable amount and discusses estimating future cash

05 Jan 2022

MFRS MFRS 136 - Estimating recoverable amount

This article, covers the definitions of recoverable amount and fair value less costs of disposal (FVLCOD) and provides an overview of value in use (VIU).

22 Dec 2021

MFRS MFRS 8 - Principles in brief

This introductory article summarises the requirements and scope of MFRS 8 and explains the key steps in determining reportable segments.

10 Nov 2021

Insights into MFRS 136 MFRS 136 - Allocating assets to cash-generating units

This article is the second of a three-part series on cashgenerating units (CGUs). In this article we discuss how to allocate assets to CGUs, which follows an

13 Oct 2021

Insights into MFRS 136 MFRS 136 - Identifying cash-generating units

In this article we discuss how to identify cash-generating units (CGUs), and in our following articles how to allocate assets to them and also then to allocate

13 Oct 2021

Insights into MFRS 136 MFRS 136 - If and when to undertake an impairment review

This article explains if and when a detailed impairment test as set out in MFRS 136 is required. The guidance prescribes different requirements for goodwill

07 Oct 2021

Insights into MFRS 136 Scope and structure of MFRS 136

This article, Scope and structure of MFRS 136, looks at the scope of the impairment review (i.e. the types of assets that are included) and how it is

23 Sep 2021

MFRS MFRS 136 - Overview of the Standard

This article provides an ‘at a glance’ overview of MFRS 136’s main requirements and outlines the major steps in applying those requirements.

26 Aug 2021

MFRS Insights into MFRS 13 - Fair value measurement

MFRS 13 ‘Fair Value Measurement’ explains how to measure fair value by providing clear definitions and introducing a single set of requirements for almost all

07 Jul 2021

MFRS MASB extends COVID-19 rent related concessions

The Malaysian Accounting Standards Board (MASB) has issued ‘Covid-19-Related Rent Concessions beyond 30 June 2021 (Amendment to MFRS 16)’, an extension to the

19 May 2021

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National Audit Practice Leader Hooi Kok Mun

Kuala Lumpur

+603 2692 4022