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Difference Between ABC system versus Traditional based costing system 7
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Narinder Singh, Malik Kashif, Ahmed [...]
Bonia Proposes Main Board Transfer, 1-for-2 bonus, Share Split 1
sickexceelM
Accounting Treatment & Work Flow on Write Off Bad Debts and Provision for Doubtful Debts 4
anita, Nandita, ezeokafor amrachi .i. [...]
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!abcodygz
Economic Value-Added (EVA) Compared To Earnings Per Share Or Return On Assets 2
name, name
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Matthews Mooketsane Bantsijang
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Deferment of FRS 139: Financial Instruments: Recognition and Measurement
Published by slang June 1st, 2006 in MASB News, MalaysiaLISTED companies were required to state the “paper profits” they have in their share investments under the new Financial Reporting Standards (FRS) this year, until the Malaysian Accounting Standards Board (MASB) deferred that indefinitely.
The MASB stated in an advertisement in The Star on Friday that the date to comply with FRS 139 was deferred to a date to be announced by the board.
It is FRS 139 that required investment equities to be marked-to-market, and the surplus or deficit over cost be stated as earnings or losses in the profit and loss (P&L) accounts.
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What is the treatment of Provision for Doubtful debts vis-a-vis FRS139?