Cash settled share-based payment arrangements with employees
Insights into MFRS 2This article discusses the accounting for cash-settled share-based payment transactions.
Insights into MFRS 3 - Business combinations where the accounting is incomplete at the reporting date
MFRSThis article discusses the requirements when the business combination accounting is incomplete at the reporting date.
Insights into MFRS 3 - Specific recognition and measurement provisions
MFRSThis article summarises this specific guidance and provides examples to illustrate its application.
Insights into MFRS 3 - How should the identifiable assets and liabilities be measured?
MFRSThis article sets out the definition and underlying principles of fair value, gives a brief overview of permissible valuation techniques and presents MFRS 3’s specific guidance on fair value measurement.
June 2025 Hyperinflation Update
MFRS AlertAccording to data in the World Economic Outlook (WEO) report issued by the International Monetary Fund (IMF) in April 2025, and based on economic conditions that currently exist, certain countries are considered to be hyperinflationary at 30 June 2025. Therefore, reporting entities in those countries will be required to apply MFRS 129 'Financial Reporting in Hyperinflationary Economies'.
Modifications and cancellations of share-based payment arrangements with employees (Part 2)
Insights into MFRS 2This article explains and provides examples of the accounting treatment for modifications and cancellations of share-based payment arrangements with employees.
Get ready for MFRS 19: Simplified financial reporting for eligible subsidiaries (Part 2)
MFRSThis second part of the publication is intended to demonstrate the order of magnitude of the reductions to certain standards to help entities decide whether applying MFRS 19 will be beneficial.
Get ready for MFRS 19: Simplified financial reporting for eligible subsidiaries (Part 1)
MFRSMFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’ (the Standard) creates a reduced set of disclosures that certain in-scope entities can elect to apply instead of the disclosure requirements set out in other MFRS Accounting Standards.
Insights into MFRS 2: Group share-based payments
MFRSThis article discusses the accounting for share-based payment transactions when employees of an entity receive shares or rights to shares in another entity within the consolidated group, such as the parent entity.
Insights into MFRS 3 - Recognition principle
MFRSOur ‘Insights into MFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business. This article explains the recognition principles set out in MFRS 3.
Insights into MFRS 3 - Recognising and measuring non-controlling interests
MFRSThis article sets out the requirements for recognising and measuring any non-controlling interest (NCI).
Insights into MFRS 3 - Accounting after the acquisition date
MFRSThis article discusses accounting after the acquisition date.
Insights into MFRS 3 - Recognising and measuring goodwill or gain from a bargain purchase
MFRSMFRS 3 ‘Business Combinations’ contains the requirements for these transactions, which can be challenging in practice. This article discusses how goodwill, or a gain from a bargain purchase, is initially recognised and measured under MFRS 3, which represents the final step of applying the acquisition method.
Get ready for MFRS 18 - Consequential amendments to other Malaysian Financial Reporting Standards
MFRSWhile a number of Malaysian Financial Reporting Standards were amended as a consequence of the release of MFRS 18, the most significant amendments were made to the following Malaysian Financial Reporting Standards
Get ready for MFRS 18 - New and enhanced guidance on aggregation and disaggregation of information in the financial statements
MFRSUnder the new requirements of MFRS 18, items of income and expense are not classified based on their own nature, but rather they are classified based on the nature of the asset, liability or transaction from which they are derived.
Get ready for MFRS 18 - Management-defined performance measures
MFRSUnder the new requirements of MFRS 18, items of income and expense are not classified based on their own nature, but rather they are classified based on the nature of the asset, liability or transaction from which they are derived.
Get ready for MFRS 18 - Classifying income and expenses
MFRSUnder the new requirements of MFRS 18, items of income and expense are not classified based on their own nature, but rather they are classified based on the nature of the asset, liability or transaction from which they are derived.
Get ready for MFRS 18
MFRSEntities should begin preparing for MFRS 18 ‘Presentation and Disclosure in Financial Statements’ sooner rather than later. Changes from MFRS 101 ‘Presentation of Financial Statements’ could have a significant impact on the financial statements.
Amendments to the Classification and Measurement of Financial Instruments
MFRSThe Malaysian Accounting Standards Board (MASB) has released amendments to MFRS 9 (equivalent to IFRS 9) ‘Financial Instruments’ and MFRS 7 (equivalent to IFRS 7) ‘Financial Instruments: Disclosures’, following a post-implementation review (PIR) of MFRS 9 completed by International Accounting Standard Board (IASB). The amendments also include consequential changes to MFRS 19 (equivalent to IFRS 19) ‘Subsidiaries without Public Accountability: Disclosures’ to reflect the amendments made to MFRS 7.
Modifications and cancellations of share-based payment arrangements with employees (Part 1)
Insights into MFRS 2This article explains and provides examples of the accounting treatment for modifications and cancellations of share-based payment arrangements with employees.
Introducing MFRS 18 – The MASB’s new presentation and disclosure standard
Introducing MFRS 18On 14 June 2024 the Malaysian Accounting Standards Board (MASB) published a new standard; The new standard, MFRS 18 ‘Presentation and Disclosure in Financial Statements’ (the Standard) replaces MFRS 101 ‘Presentation of Financial Statements’ and will impact every reporting entity that currently uses International Financial Reporting Standards (MFRS).
Insights into MFRS 17 - Impact on non-insurance entities
MFRSThis article examines the scope of the Standard and considers situations where a contract issued by a non-insurance entity may fall within that scope.
Classification of share-based payment transactions and vesting conditions
MFRSThis article focuses on share-based payments directly between the reporting entity and a counterparty.
Insights into MFRS 3 - Determining what is part of a business combination transaction
MFRSOur ‘Insights into MFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business.
Insights into MFRS 3 - Consideration transferred
MFRSOur ‘Insights into MFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business.
Overview of IFRS S1 and IFRS S2
SustainabilityOn 26 June 2023 the International Sustainability Standards Board (ISSB) released its first two International Sustainability Disclosure Standards (IFRS SDS or the Standards) that become effective for periods beginning on or after 1 January 2024.
Presentation and disclosure
Insights into MFRS 136This article provides a summary of the MFRS 136 disclosure requirements and highlights particular areas of focus for regulators, including select illustrative examples for these areas of focus.
MFRS 136 Other impairment issues
MFRSThis article considers some regularly encountered application issues when applying MFRS 136, which are the ‘deferred tax and goodwill problem’, non-controlling interests, equity accounting, and the interaction between MFRS 136 and other MFRS.
Disclosures for annual financial statements
Insights into MFRS 8Our ‘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 also include several examples illustrating the Standard’s requirements. This article sets out example disclosures of segment information.
