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This article discusses the accounting for share-based payments with non-employees.

MFRS 15 establishes a two-step approach to assessing a principal-agent relationship in cases where a third party is involved in providing the goods or services to the customer. This article discusses how any entity should consider whether they are acting as a principal or as an agent.

This article deals with Step 2 of the five-step model which covers the identification of performance obligations – the key units of account of MFRS 15.

MFRS 18 ‘Presentation and Disclosure in Financial Statements’ was issued by the Malaysian Accounting Standards Board (MASB) in June 2024. MFRS 18 replaces MFRS 107 ‘Presentation of Financial Statements’ for annual reporting periods beginning on or after 1 January 2027.

This article provides a comprehensive analysis of MFRS 18’s classification requirements, exceptions, and practical challenges.

This article discusses share-based payment arrangements that provide either the entity or the employee with a choice as to whether settlement occurs in equity instruments or in cash or other assets (hereafter ‘cash’).

This article focuses on Step 1 and explains how to identify a contract with a customer as well as what constitutes a contract within the scope of the Standard.

Our ‘Insights into MFRS 15’ series summarises the key areas of the Standard, highlighting some areas that are challenging to apply in practice, to assist reporting entities in understanding how to apply MFRS 15’s requirements. This article focuses on the objective and scope of MFRS 15.

This article discusses the accounting for cash-settled share-based payment transactions.

This article discusses the basic principles that apply to both equity-settled and cash-settled share-based payment transactions with employees or others providing similar services.

This article covers MFRS 3’s disclosure requirements. An illustrative disclosure is provided at the end of this article, including insights on certain disclosure areas.

The Malaysian Accounting Standards Board (MASB) has issued a revised ‘Practice Statement on management commentary’ (the Practice Statement). The objective of the revision is to provide a global benchmark for the preparation of management commentary accompanying financial statements including sustainability-related financial disclosures.

This article discusses the requirements when the business combination accounting is incomplete at the reporting date.

This article discusses MFRS 2 and the accounting for equity-settled share-based payment arrangements with employees.

This article summarises this specific guidance and provides examples to illustrate its application.

This 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.