Insights into MFRS 136 Reversing impairment losses 12 May 2022
This article focuses on part step 6; reversing impairment losses
Insights into MFRS 136 Recognising impairment losses 27 Apr 2022
This article focuses on part step 6; recognition of impairment losses
Insights into MFRS 136 Comparing recoverable amount with carrying amount 21 Apr 2022
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
Insights into MFRS 136 Value in use: applying the appropriate discount rate 13 Apr 2022
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 MFRS 8 - Identifying Operating Segments 23 Feb 2022
MFRS 8 ‘Operating Segments’ aligns external reporting through the identification and reporting of operating segments with what is reported internally by
MFRS MFRS 136 - Value in use: estimating future cash inflows and outflows 05 Jan 2022
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 MFRS 136 - Estimating recoverable amount 22 Dec 2021
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 MFRS 8 - Principles in brief 10 Nov 2021
This introductory article summarises the requirements and scope of MFRS 8 and explains the key steps in determining reportable segments.
Insights into MFRS 136 MFRS 136 - Allocating assets to cash-generating units 13 Oct 2021
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
Insights into MFRS 136 MFRS 136 - Identifying cash-generating units 13 Oct 2021
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
Insights into MFRS 136 MFRS 136 - If and when to undertake an impairment review 07 Oct 2021
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
Insights into MFRS 136 Scope and structure of MFRS 136 23 Sep 2021
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 MFRS 136 - Overview of the Standard 26 Aug 2021
This article provides an ‘at a glance’ overview of MFRS 136’s main requirements and outlines the major steps in applying those requirements.
MFRS Insights into MFRS 13 - Fair value measurement 07 Jul 2021
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
MFRS MASB extends COVID-19 rent related concessions 19 May 2021
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
MFRS Identifying the acquisition date in MFRS 3 'Business Combinations' 07 May 2021
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
MFRS Identifying the acquirer in MFRS 3 ‘Business Combinations’ 21 Apr 2021
Business combinations are infrequent transactions that are unique for each occurrence. MFRS 3 ‘Business Combinations’ contains the requirements and despite
MFRS Identifying a business combination within the scope of MFRS 3 08 Apr 2021
Mergers and acquisitions are becoming more and more common as entities aim to achieve their growth objectives. MFRS 3 ‘Business Combinations’ contains the
MFRS COVID-19: Hedge accounting insights 31 Mar 2021
There are several accounting considerations the COVID-19 pandemic has triggered in relation to MFRS 9. In our view one of the most significant is in relation
MFRS Insights into MFRS 3 - The acquisition method at a glance 04 Mar 2021
‘Insights into MFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most
MFRS COVID 19: Debt modifications 10 Dec 2020
The COVID-19 global pandemic has resulted in economic consequences that many reporting entities may not have had to previously consider. One of those
MFRS MFRS 129 ‘Financial Reporting in Hyperinflationary Economies’ 02 Dec 2020
MFRS 129 ‘Financial Reporting in Hyperinflationary Economies’ requires the financial statements of any entity whose functional currency is the currency of a
MFRS Insights into MFRS 16 - Lease incentives 04 Nov 2020
When accounting for lease incentives in accordance with MFRS 16 ‘Leases’ from a lessee perspective, questions may arise in how to identify a lease incentive
MFRS Insights into MFRS 16 - Lease incentives 04 Nov 2020
When accounting for lease incentives in accordance with MFRS 16 ‘Leases’ from a lessee perspective, questions may arise in how to identify a lease incentive
MFRS MASB issues Interest Rate Benchmark Reform Phase 2 07 Oct 2020
The Malaysian Accounting Standards Board (MASB) has published Interest Rate Benchmark Reform Phase 2 (Amendments to MFRS 9, MFRS 139, MFRS 7, MFRS 4 and MFRS
MFRS Amendments to MFRS 17 and MFRS 4 15 Sep 2020
The Malaysian Accounting Standards Board (MASB) has issued Amendments to MFRS 17 'Insurance Contracts' (the Amendments). The MASB also issued an amendment to
MFRS Deferral of effective date of amendments to MFRS 101 08 Sep 2020
The Malaysian Accounting Standards Board (MASB) has issued an amendment to defer the effective date of the ‘Classification of Liabilities as Current or
MFRS COVID 19: Going concern considerations 02 Sep 2020
The impact of COVID-19 is expected to have a significant impact on the going concern assumption for a large number of entities. Some entities which were
MFRS Insights into IC Interpretation 23 27 Aug 2020
Effective for financial years beginning on or after 1 January 2019, IC Interpretation 23 ‘Uncertainty Over Income Tax Treatments’ (‘the Interpretation’)
MFRS MFRS - Alternative performance measures 22 Jul 2020
In this article 'Considerations when preparing financial statements and using alternative performance measures' we set out various ways to enhance
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