Adopting and Implementing IFRS in Malaysia

Adopting and Implementing IFRS in Malaysia

Reasons Why Implementing IFRS in Malaysia is Necessary In 2006, the Malaysian Accounting Standards Board (MASB) adopted the International Financial Reporting Standards (IFRS). Accordingly, with this decision come the changes in how Malaysian companies measure and record economic transactions. Implementing IFRS in Malaysia is an action to unify accounting standards globally. Why is this IFRS…

Malaysia as a Global Accounting Hub

Malaysia as a Global Accounting Hub

Malaysia Rises to Become a Global Accounting Hub Multinational companies are now looking into Malaysia to house their accounting and finance functions. This is because of the growing number of competent accountants in the country. As a result, Malaysia is rising to compete globally when it comes to the accounting profession. Malaysia becoming a global…

Bookkeeping Tips for Singapore Startups

Bookkeeping Tips for Singapore Startups

5 Bookkeeping Tips Every Singapore Startup Should Know Starting a business requires close attention to financial records. The capital is limited, so as much as possible, you would want to maximize your money for functional purposes. Further, if you are expanding on a new location, it is especially important to have tight control of how…

Second Phase of Interest Rate Benchmark Reform

Second Phase of Interest Rate Benchmark Reform

Changing Interest Rates Needs Amendments to Financial Reporting Standards As banks worldwide are consistently changing their interest rate benchmark, financial reporting standards are affected as well. As such, the second phase of interest rate benchmark reform amendments will take effect accordingly. The implementation of this shall take effect for financial reporting beginning in January 2021.…

3E Accounting Founder Lawrence Chai Invited to Speak at Accounting and Finance Show Asia

3E Accounting Founder Lawrence Chai Invited to Speak at Accounting and Finance Show Asia

3E Accounting Founder Lawrence Chai Invited to Speak at Accounting and Finance Show Asia 3E Accounting Founder Lawrence Chai spoke at Asia’s largest virtual event – Accounting and Finance Show 2020, on how businesses can utilize technology applications to support business continuity for their practices. Lawrence also shared on key strategies and digital transformation initiatives…