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Wonderful Malaysia Berhad 2018

Wonderful Malaysia Berhad 2018

Your essential guide to financial statements

Wonderful Malaysia Berhad 2018 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.

 

What’s new?
This set of Illustrative Financial Statements takes account of the impact of the following new or revised MFRS, which are effective for the first time for an annual reporting period ending on 31 December 2018:

  • MFRS 9, Financial Instruments (2014)
  • MFRS 15, Revenue from Contracts with Customers
  • IC Interpretation 22, Foreign Currency Transactions and Advance Consideration
  • Amendments to MFRS 2, Share-based Payment – Classification and Measurement of Share-based Payment Transactions
  • Amendments to MFRS 128, Investments in Associates and Joint Ventures (Annual Improvements with MFRS Standards 2014-2016 Cycle)
  • Amendments to MFRS 140, Investment Property – Transfers of Investment Property

 

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 2018.

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.

 

Click here to download the report.

 

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