Archive for the ‘Accounting Updates/News’ Category
ACCA and MICPA sign Mutual Recognition Agreement(MRA)
At a ceremony on August 13, 2007 at Le Meridian Kuala Lumpur attended by Dato’ Nordin Baharuddin , MICPA President and Mrs Gillian Ball, ACCA President, a Mutual Recognition Agreement (MRA) was signed by The Malaysian Institute of Certified Public Accountants (MICPA) and ACCA (the Association of Chartered Certified Accountants) with the following details:
provides a [...]
September 8, 2008
Posted in: Accounting Updates/News 
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Helen Brand Appointed As New Head of ACCA Global
The Association of Chartered Certified Accountants (ACCA) has appointed Helen Brand as its new chief executive officer effective Sept 1. Brand replaces Allen Blewitt, who returned to after being based at the association’s headquarters in London the last five years.
According to the new CEO:
She aims to maintain ACCA’s position as the lead global accountancy body [...]
September 5, 2008
Tags: ACCA News Posted in: Accounting Updates/News No Comments
MIA Seeks Enhanced Regulatory Role, Better Recognition
The Malaysian Institute of Accountants (MIA) has proposed to amend the Accountants’ Act 1967 so as to enable it to participate more actively in designing surveillance mechanisms and disciplinary actions against errant accountants. By having such amendments, MIA also want to enhance local accountants’ competitiveness on the global front.
MIA president Nik Mohd Hasyudeen Yusoff said [...]
November 20, 2007
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MASB To Issue 4 Financial Reporting Standards This Year
Since 2005,MASB had been joining IASB in the process of developing new financial reporting standards in order to ensure the standards were acceptable prior to issuing them in Malaysia.
For this year, The Malaysian Accounting Standards Board (MASB) is reviewing four financial reporting standards issued by the International Accounting Standards Board (IASB) and and plans [...]
February 1, 2007
Tags: MASB Posted in: MASB News No Comments
MIA Sets Up Committee On FRS Implementation
On Jan 30, Malaysian Institute of Accountants (MIA) has launched the Financial Reporting Standards Implementation Committee (FRSIC).
According to MIA president Abdul Rahim Abdul Hamid,
· FRSIC was set up as there is the absence of a specific organisation that could facilitate the implementation of the standards, particularly on contentious or [...]
February 1, 2007
Tags: FRS, MIA Posted in: MASB News, MIA News No Comments
IFRS 3: Accounting For Business Combination
Since 31 March 2004,IFRS 3 (Accounting for Business Combinations) is mandatory for companies to account for any business combinations.
You might be wondering why IFRS 3 has any involvement with this brand article.
The answer is simple: you will notice that in any business combination there is always an element of purchased goodwill which can [...]
September 22, 2006
Posted in: Accounting Updates/News, Branding No Comments
Highlight of Changes – Financial Reporting Standard 133
Extracted from MASB
FRS 133 Earnings per Share take effect for annual periods beginning on or after 1January 2006
The main are tabulated as follows:
Area
Requirements
Main objective
To provide additional guidance and illustrative examples on selected complex matters, such as the effects of contingently issuable shares; potential ordinary shares of subsidiaries, joint ventures [...]
June 8, 2006
Tags: FRS, MASB Posted in: MASB News, Malaysia No Comments
