What is MFRS 2?
What is MFRS 2?
This article provides an overview including the objective and scope of MFRS 2.
Insights into MFRS 3 - Determining what is part of a business combination transaction
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
Insights into MFRS 3 - Consideration transferred
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
Overview of IFRS S1 and IFRS S2
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
Presentation and disclosure
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
MFRS 136 Other impairment issues
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
Disclosures for annual financial statements
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
Disclosures for interim financial statements
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
MFRS 8 - Other application issues and Standards involving operating segments
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.
MFRS 8 - Entity-wide disclosures
MFRS 8 - Entity-wide disclosures
This article sets out the requirements for entity-wide disclosures.
MFRS 8 - Segment information to be disclosed
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.
Insights into MFRS 8 - Reportable segments
Insights into MFRS 8 - Reportable segments
This article sets out the requirements of identifying reportable segments, which is closely linked to aggregating operating segments.
Insights into MFRS 8 - Aggregation of operating segments
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.
Reversing impairment losses
Insights into MFRS 136 Reversing impairment losses
This article focuses on part step 6; reversing impairment losses
Recognising impairment losses
Insights into MFRS 136 Recognising impairment losses
This article focuses on part step 6; recognition of impairment losses
Comparing recoverable amount with carrying amount
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
Value in use: applying the appropriate discount rate
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
MFRS 8 - Identifying Operating Segments
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
MFRS 136 - Value in use: estimating future cash inflows and outflows
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
MFRS 136 - Estimating recoverable amount
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).
MFRS 8 - Principles in brief
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.
MFRS 136 - Allocating assets to cash-generating units
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
MFRS 136 - Identifying cash-generating units
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
MFRS 136 - If and when to undertake an impairment review
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
Scope and structure of MFRS 136
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
MFRS 136 - Overview of the Standard
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.
Insights into MFRS 13 - Fair value measurement
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
MASB extends COVID-19 rent related concessions
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
Identifying the acquisition date in MFRS 3 'Business Combinations'
Identifying the acquisition date in MFRS 3 'Business Combinations'
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
Identifying the acquirer in MFRS 3 ‘Business Combinations’
Identifying the acquirer in MFRS 3 ‘Business Combinations’
Business combinations are infrequent transactions that are unique for each occurrence. MFRS 3 ‘Business Combinations’ contains the requirements and despite
Hooi Kok Mun

Kuala Lumpur

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Desmond Tan

Kuala Lumpur

+603 2692 4022

Kho Kim Eng

Kuala Lumpur

+603 2692 4022

Lui Lee Ping

Kuala Lumpur

+603 2692 4022

Silvia Tan

Kuala Lumpur

+603 2692 4022