Development Of Financial Reporting In Malaysia PDF
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This document provides a detailed overview of the evolution of financial reporting in Malaysia. It encompasses timelines of significant events from the 1940s to the current state. The document also analyzes different eras of financial reporting and standards along with the related framework.
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**DEVELOPMENT OF FINANCIAL REPORTING IN MALAYSIA** **1940s** **1960s** **1970s** **1980s** **1990s** **1997** **2006** **CURRENT STATE OF THE ART** ------------------------ ----------------------------- ------...
**DEVELOPMENT OF FINANCIAL REPORTING IN MALAYSIA** **1940s** **1960s** **1970s** **1980s** **1990s** **1997** **2006** **CURRENT STATE OF THE ART** ------------------------ ----------------------------- ----------------- ----------------- --------------- ------------------------------ --------------- ------------------------------ **Company ordinances** **CA1965 & 9^th^ schedule** **Amended** **CA 2016** **ITA 1967** **Dual** **IASs (1978)** **financial** **MASs (1984)** **reporting** **BM LRs** **framework** **BNM GPs** **SC (1993)** **MASB (1997)** **Adoption of IFRSs (2006)** **DEVELOPMENT OF FINANCIAL REPORTING STANDARDS IN MALAYSIA** +--------+--------+--------+--------+--------+--------+--------+--------+ | | **PRE- | **MASB | | | | | | | | MASB | ERA** | | | | | | | | ERA** | | | | | | | +========+========+========+========+========+========+========+========+ | | | **PRE- | **POST | | | | | | | | ADOPTI | -ADOPT | | | | | | | | ON | ION | | | | | | | | OF | OF | | | | | | | | IFRS** | IFRS** | | | | | +--------+--------+--------+--------+--------+--------+--------+--------+ | | **Befo | **1997 | **2005 | **2006 | **2010 | **2012 | **Curr | | | re | ** | ** | ** | ** | ** | ent | | | -- | | | | | | state* | | | until | | | | | | * | | | 1997** | | | | | | | +--------+--------+--------+--------+--------+--------+--------+--------+ | | | | | | | | | +--------+--------+--------+--------+--------+--------+--------+--------+ | | | **FRA | **Chan | **Adop | **Adop | **Full | Dual | | | | 1997** | ge | tion | tion | implem | financ | | | | | of | of | of FRS | en** | ial | | | | | nomenc | IFRS** | 139** | | report | | | | | lature | | | **tati | ing | | | | | ** | | | on** | framew | | | | | | | | | ork | +--------+--------+--------+--------+--------+--------+--------+--------+ | | | | | | | | | +--------+--------+--------+--------+--------+--------+--------+--------+ | | | | | | | | | +--------+--------+--------+--------+--------+--------+--------+--------+ | **STAN | **MACP | **MASB | | | | | | | DARD | A/MIA* | ** | | | | | | | SETTER | * | | | | | | | | ** | | | | | | | | +--------+--------+--------+--------+--------+--------+--------+--------+ | | | | | | | | | +--------+--------+--------+--------+--------+--------+--------+--------+ | **STAN | **IAS/ | **MASB | **FRS* | | | **MFRS | | | DARDS | MAS** | STANDA | * | | | ** | | | USED** | | RDS** | | | | | | +--------+--------+--------+--------+--------+--------+--------+--------+
