Malaysia - TheAccSense

Latest updates on the proposed narrow-scope amendments to IAS 1 by IASB to clarify on classification of liabilities with covenants.

Financial Accounting

Liabilities with Covenants: Proposed amendments to IAS 1

by TheAccSense Team November 21, 2021November 21, 2021

Latest updates on the proposed narrow-scope amendments to IAS 1 by IASB to clarify on classification of liabilities with covenants.

Understand what is Ijarah, how it works and the application of this Islamic lease-based contract in Islamic Finance.

Islamic Finance

Ijarah Contract: An Overview of Islamic Lease

by TheAccSense Team October 29, 2021October 29, 2021

IFRIC tentatively decided that demand deposit with restricted use is cash and cash equivalents.

Financial Accounting

IFRIC Tentative Agenda Decision: Demand Deposits with Restriction of Use

by TheAccSense Team September 27, 2021October 2, 2021

IFRIC tentatively decided that on the accounting treatment for cash received via electronic transfer for settlement of a financial asset.

Financial Accounting

IFRIC Tentative Agenda Decision: Cash Received via Electronic Transfer as Settlement for a Financial Asset

by TheAccSense Team September 27, 2021September 27, 2021

Leases: Comparison between MPSAS 13, MFRS 16 and Section 20 of MPERS.

Financial Accounting

Leases: Comparison between MPSAS 13, MFRS 16 and Section 20 of MPERS

by TheAccSense Team September 14, 2021September 14, 2021

IFRIC Agenda Decision: Player Transfer Payments.

Financial Accounting

IFRIC Agenda Decision: Player Transfer Payments

by TheAccSense Team September 13, 2021September 13, 2021

An Overview of Mudharabah and Musyarakah Contracts.

Islamic Finance

An Overview of Mudharabah and Musyarakah Contracts

by TheAccSense Team September 7, 2021September 13, 2021

Explanation of financial accounting requirements for Wa’ad, Khiyar and Tahawwut transactions under AAOIFI FAS 38.

Islamic Finance

An Overview of FAS 38: Accounting for Wa’ad, Khiyar and Tahawwut

by TheAccSense Team September 5, 2021September 5, 2021

BIS Innovation Hub and central banks of Australia, Malaysia, Singapore and South Africa will test central bank digital currencies (CBDCs) for international settlements.

BIS Innovation Hub and Central Banks joins forces to test CBDCs

by TheAccSense Team September 4, 2021September 4, 2021

Murabahah is a common sale-based contract used in Islamic financial transactions.

Islamic Finance

An Overview of Islamic Contract: Murabahah

by TheAccSense Team September 3, 2021September 3, 2021