Insights into MFRS 136 Presentation and disclosure 26 May 2023
This article provides a summary of the MFRS 136 disclosure requirements and highlights particular areas of focus for regulators, including select illustrative
MFRS MFRS 136 Other impairment issues 10 May 2023
This article considers some regularly encountered application issues when applying MFRS 136, which are the ‘deferred tax and goodwill problem’, non-controlling
Insights into MFRS 8 Disclosures for annual financial statements 12 Apr 2023
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
Insights into MFRS 8 Disclosures for interim financial statements 06 Apr 2023
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 MFRS 8 - Other application issues and Standards involving operating segments 19 Oct 2022
This article sets out further application issues and information regarding other standards involving operating segments.
MFRS MFRS 8 - Entity-wide disclosures 12 Oct 2022
This article sets out the requirements for entity-wide disclosures.
MFRS MFRS 8 - Segment information to be disclosed 28 Sep 2022
This article sets out the segment information that needs to be disclosed in the consolidated financial statements of the reporting entity.
MFRS Insights into MFRS 8 - Reportable segments 22 Sep 2022
This article sets out the requirements of identifying reportable segments, which is closely linked to aggregating operating segments.
MFRS Insights into MFRS 8 - Aggregation of operating segments 14 Sep 2022
This article sets out the requirements when aggregating operating segments, which is closely linked to reportable segments.
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
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