This article brings to you the 10 key takeaways on IAS 38 Intangible Assets that entities need to pay attention when they account for such assets.
This article brings to you 9 key takeaways or consideration when entities account for their investment property in accordance with IAS 40.
PPE continue to be an important assets to any businesses. This article summarises 10 key takeaways on the accounting requirements for PPE under IAS 16.
MIA has published Guidance and Database to support the Digital Transformation of its members. This includes 15 points for selecting software, 6 points for selecting a vendor, and a list of 69 vendors that provide software(s).
This article discusses and compares the accounting treatment for inventories under MPSAS 12, MFRS 102 and Section 13 of MPERS. It highlights the main differences in the accounting treatment for inventories under the three standards. This article, however, will not cover the discussion on which entity will use which standard as this discussion. Instead, the […]
The article discusses accounting requirements for service concession arrangements for grantor and how it mirrors the operator’s perspective.
The article brings to you the comparison of the accounting treatment for borrowing costs under MPSAS 5, MFRS 123 and Section 25 of MPERS.
In this article, we are bringing to you the latest implementation guidance which discusses the preparation of consolidated financial statements for a group that had disposed of its only subsidiary during the financial year. This implementation guidance, named as MFRS Application and Implementation Guide 3 (“MAIG 3”), is issued by the MFRS Application and Implementation […]
This article discusses and summarises the revenue recognition requirements arising from non-exchange transactions, including taxes and transfers.
For this round, we discuss a specific public sector accounting standard – MPSAS 21, which talks about the impairment of non-cash generating assets. This accounting standard is not available for entities in the private sector. This is because private sector entities hold assets to generate economic benefits. They are often associated with its ability to generate […]