Wonderful Malaysia Berhad 2019 is KPMG PLT’s Illustrative Financial Statements for financial statements prepared in accordance with the Malaysian Financial Reporting Standards (“MFRS”). This publication is produced as a useful guide for entities in Malaysia and will act as a starting point to understand the disclosure requirements towards preparing your upcoming annual financial statements.
This set of Illustrative Financial Statements takes account of the impact on disclosure requirements arising from MFRS 16, Leases, which are effective for the first time for an annual reporting period beginning on or after
1 January 2019.
Wonderful Malaysia Berhad illustrates one possible format for full financial statements, based on a fictitious multi-national corporation involved in general business and adopting MFRSs as its primary basis of accounting for the financial year ending 31 December 2019.
While this publication is up to date at the time of printing, MFRSs and their interpretations change over time. Accordingly, this Illustrative Financial Statements should not be used as a substitute for referring to the standards and interpretations themselves, particularly when a specific requirement is not addressed in this publication or when there is uncertainty regarding the correct interpretations of the MFRS.
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