MASB issues new Insurance Standard and Interpretation on Income Taxes

MASB issues new Insurance Standard and Interpretation on Income Taxes The Malaysian Accounting Standards Board (MASB) has issued the following pronouncements: Malaysian Financial Reporting Standards (MFRSs) – MFRS 17 Insurance Contracts – IC Interpretation 23 Uncertainty over Income Tax Treatments Financial Reporting Standard (FRS) – IC Interpretation 23 Uncertainty over Income Tax Treatments These pronouncements…

Details

MASB issues amendments to several Standards and a new Interpretation (29 December 2016)

MASB issues amendments to several Standards and a new Interpretation (29 December 2016) The Malaysian Accounting Standards Board (MASB) has today issued a few amendments to certain existing Standards and one new Interpretation. They are: (1) Malaysian Financial Reporting Standards (MFRSs) > Applying MFRS 9 Financial Instruments with MFRS 4 Insurance Contracts (Amendments to MFRS…

Details

MASB issues amendments to Share-based Payment Standards

MASB issues amendments to Share-based Payment Standards The Malaysian Accounting Standards Board (MASB) has today issued amendments to MFRS 2 Share-based Payment with regards to classification and measurement of share-based payment transactions (the Amendments). The Amendments is word-for-word the Amendments to IFRS 2 issued by the International Accounting Standards Board (IASB). The Amendments provides specific…

Details

MASB issues Clarifications to the new Revenue Standard

MASB issues Clarifications to the new Revenue Standard Date: 25 June 2016. The Malaysian Accounting Standards Board (MASB) has today issued Clarifications to MFRS 15 Revenue from Contracts with Customers (the Amendments). The Amendments is word-for-word Clarifications to IFRS 15 as issued by the International Accounting Standards Board (IASB). The Amendments is effective for annual…

Details

Comparison of PERSs, MPERS and MFRSs

Comparison of PERSs, MPERS and MFRSs in Malaysia In February 2014, the MASB issued Malaysian Private Entities Reporting Standard (MPERS) and this sets a new milestone for financial reporting of private entities in Malaysia. MPERS is based substantially on the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) issued by the…

Details