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Malaysia

Malaysia Latest News, Opinion and Technical Articles for Accounting, Tax, Finance, Audit and related Technology.

Understand the newly established International Sustainability Standards Board (”ISSB”) to look at the Sustainability Reporting.
Posted inSustainability Reporting

The Establishment of the International Sustainability Standards Board (“ISSB”)

by TheAccSense Team December 30, 2021December 30, 2021

Understand the newly established International Sustainability Standards Board (”ISSB”) to look at the Sustainability Reporting.

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

Ijarah Contract: An Overview of Islamic Lease

by TheAccSense Team October 29, 2021October 29, 2021

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

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

IFRIC Tentative Agenda Decision: Demand Deposits with Restriction of Use

by TheAccSense Team September 27, 2021December 30, 2021

IFRIC tentatively decided in its September 2021 meeting that a demand deposit with restriction of use is cash and cash equivalents.

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

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

by TheAccSense Team September 27, 2021September 27, 2021

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

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

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

by TheAccSense Team September 14, 2021September 14, 2021

Comparison on the financial reporting requirements for leases under MPSAS 13, MFRS 16 and Section 20 of MPERS.

IFRIC Agenda Decision: Player Transfer Payments.
Posted inFinancial Accounting

IFRIC Agenda Decision: Player Transfer Payments

by TheAccSense Team September 13, 2021September 13, 2021

Understand how a hiring entity accounts for the player transfer payments received from the receiving entity.

An Overview of Mudharabah and Musyarakah Contracts.
Posted inIslamic Finance

An Overview of Mudharabah and Musyarakah Contracts

by TheAccSense Team September 7, 2021September 13, 2021

Overview on the Islamic profit sharing contracts – Mudharabah and Musyarakah in Islamic Finance products.

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

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

by TheAccSense Team September 5, 2021September 5, 2021

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

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

BIS Innovation Hub and Central Banks joins forces to test CBDCs

by TheAccSense Team September 4, 2021September 4, 2021

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

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Latest Articles

  • The Establishment of the International Sustainability Standards Board (“ISSB”)
  • Liabilities with Covenants: Proposed amendments to IAS 1
  • Ijarah Contract: An Overview of Islamic Lease
  • IFRIC Tentative Agenda Decision: Demand Deposits with Restriction of Use
  • IFRIC Tentative Agenda Decision: Cash Received via Electronic Transfer as Settlement for a Financial Asset
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