MFRS

Insights into MFRS 3 - Recognition principle

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Mergers and acquisitions (business combinations) can have a fundamental impact on the acquirer’s operations, resources and strategies. For most entities such transactions are infrequent, and each is unique. MFRS 3 ‘Business Combinations’ contains the requirements for these transactions, which can be challenging in practice.

The Standard itself has now been in place for more than ten years and has undergone a comprehensive post implementation review by the Malaysian Accounting Standards Board (MASB).

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 relevant features that could impact your business. This article explains the recognition principles set out in MFRS 3.

Insights into MFRS 3 Recognition principle

Insights into MFRS 3 Recognition principle

Take a look at our publication to know about "Recognition principle".

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How we can help

We hope you find the information in this article helpful in giving you some insight into MFRS 3. If you would like to discuss any of the points raised, please do not hesitate to contact us.