Insights into MFRS 17 - Impact on non-insurance entities
MFRS Insights into MFRS 17 - Impact on non-insurance entities
This article examines the scope of the Standard and considers situations where a contract issued by a non-insurance entity may fall within that scope.
1 min read |
Classification of share-based payment transactions and vesting conditions
MFRS Classification of share-based payment transactions and vesting conditions
This article focuses on share-based payments directly between the reporting entity and a counterparty.
1 min read |
What is MFRS 2?
MFRS What is MFRS 2?
This article provides an overview including the objective and scope of MFRS 2.
1 min read |
Insights into MFRS 3 - Determining what is part of a business combination transaction
MFRS 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 relevant features that could impact your business.
1 min read |
Insights into MFRS 3 - Consideration transferred
MFRS 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 relevant features that could impact your business.
Less than a minute |
Overview of IFRS S1 and IFRS S2
Sustainability 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 the Standards) that become effective for periods beginning on or after 1 January 2024.
1 min read |
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 examples for these areas of focus.
Less than a minute |
MFRS 136 Other impairment issues
MFRS 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 interests, equity accounting, and the interaction between MFRS 136 and other MFRS.
1 min read |
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 also include several examples illustrating the Standard’s requirements. This article sets out example disclosures of segment information.
1 min read |
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 that are required when following MFRS 8 ‘Operating Segments’ – which sets out the minimum disclosure requirements for annual reporting periods.
1 min read |
MFRS 8 - Other application issues and Standards involving operating segments
MFRS 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.
1 min read |
MFRS 8 - Entity-wide disclosures
MFRS MFRS 8 - Entity-wide disclosures
This article sets out the requirements for entity-wide disclosures.
1 min read |
MFRS 8 - Segment information to be disclosed
MFRS 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.
1 min read |
Insights into MFRS 8 - Reportable segments
MFRS Insights into MFRS 8 - Reportable segments
This article sets out the requirements of identifying reportable segments, which is closely linked to aggregating operating segments.
1 min read |
Insights into MFRS 8 - Aggregation of operating segments
MFRS 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.
1 min read |
Reversing impairment losses
Insights into MFRS 136 Reversing impairment losses
This article focuses on part step 6; reversing impairment losses
1 min read |
Recognising impairment losses
Insights into MFRS 136 Recognising impairment losses
This article focuses on part step 6; recognition of impairment losses
1 min read |
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 process.
1 min read |
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 appropriate discount rate in value in use (VIU) calculations.
1 min read |
MFRS 8 - Identifying Operating Segments
MFRS 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 management.
1 min read |
MFRS 136 - Value in use: estimating future cash inflows and outflows
MFRS 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 inflows and outflows in value in use (VIU) calculations.
1 min read |
MFRS 136 - Estimating recoverable amount
MFRS 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).
1 min read |
MFRS 8 - Principles in brief
MFRS 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.
1 min read |
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 article on how to identify CGUs and then finally we will discuss how to allocate goodwill to CGUs.
1 min read |
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 goodwill to them.
1 min read |
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 and indefinite life intangible assets (including those not ready for use) when compared to all other assets. As such, this article will cover Step3 in the impairment review which is to determine if and when to test for impairment is needed.
1 min read |
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 structured (i.e. the level at which assets are reviewed).
1 min read |
MFRS 136 - Overview of the Standard
MFRS 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.
1 min read |
Insights into MFRS 13 - Fair value measurement
MFRS 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 fair value measurements. It clarifies how to measure fair value when a market becomes less active.
1 min read |
Grant Thornton Australia | Retail
MFRS 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 practical expedient period in the amendments to MFRS 16 ‘Leases’ made last year. This extension is for one year, so the application period now extends until 30 June 2022.
Hooi Kok Mun

Kuala Lumpur

+603 2692 4022

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