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Malaysian Financial Reporting Standards (MFRSs) = IFRSs that apply to any reporting period on or after 1 January 2012 are :

(a) MFRS

(b) IC Interpretations

MFRS 101 = IAS 1 as issued and amended by the IASB

MFRS 101 simultaneously in compliance with IAS 1

Tuesday, March 25, 2014

EPPA 4123, Vol III

RM1.25

Statement of Changes In Equity

MFRS 101 Presentation of Financial Statement

Para 106

Source : Berjaya Sports Toto Berhad

Source : Frontken Corporation Berhad

Para 106 (d)(i)

Source: Frontken Corporation Berhad

Para 106 (d)(ii)

Para 106 (a)

Para 106

Para 106 (b)

Para 106 (d)

(ii)

Para 106

(a)

Para 106 (d)(iii)

Para 106 (d)

(i)

Para 106 (d)

(iii)

Source: Berjaya Sports Toto Berhad

Purpose of Financial Statement

Effective Date Issuance Date

1 Jan 2012 19 Nov 2011

Presentation of

Financial Statement

1 Jul 2012 19 Nov 2011

Presentation of

Items of Other Comprehensive Income

1 Jan 2013 31 Jul 2012

Amendment to MFRS 101

Statement of Cash Flow

Provide information in making economic decisions (Faithful representation)

Provide information to decision makers in time (Timeliness)

Classify, characterize and present information clearly (Understandability)

Assure users that information faithfully represents the economic phenomena (Verifiability & Faithful representation)

Provide information about the financial position, financial performance and cash flows in making economic decisions (Faithful representation)

Provide information to decision makers in time to be capable of influencing their decisions (Timeliness)

Classify, characterize and present information clearly (Understandability)

Assure users that information faithfully represents the economic phenomena (Verifiability & Faithful representation)

MFRS 107

Statement of Cash Flow

Introduction

What is Statement of Cash flow

Presentation of Cash Flow

Objective of Standard

Ensure comparability both with the entity's FS of previous periods and with the FS other entities

Sets out requirements and guidelines for presentation of FS

  • The cash flow statement can give valuable insight into how well a company is managing its growth. Ultimately, firms have to produce cash to do well in the long run.
  • - J. Bajkowski, AAII Journal, June 1999.- 

Reporting cash flows from

operating activities

Source: Chee Wah Corporation Berhad

Para 18

Para 10

Para 14

Para 31 - 34

Para 25 - 28

Purpose of Statement of Cash Flow

Para 35

Direct Method

Indirect Method

Para 16

Para 44

Source: IJM Land Berhad

Para 31 - 34

Para 17

Source: Chee Wah Corporation Berhad

Body

Financial statements comprises:

statement of financial position

statement of comprehensive

income

statement changes in equity

statement of cash flow

notes

FACE problem!!! hahaha...

Body or notes

Notes

Presentation of Information in Financial Statement

Notes

MFRS 101 para 112 - 138

Body

Body or notes

Notes

Other accouting policies

Para 125

Para 138

(a) nature

(b) carrying amount as at the end of the reporting period

Para 117

(Summary)

Statement of Profit or Loss and Other Comprehensive Income Para 81A - 105

Statement of Financial Position

Statement of Comprehensive Income

para 54 - 80A

Current liabilities (para 69-76)

Para 10A:

Information to be presented in the Statement of Comprehensive Income or in the Notes

Para 81A:

Statement of Comprehensive Income :-

Information to be presented in the Profit or Loss section

An entity may present Statement of Comprehensive Income in :-

Source: AirAsia Berhad

Information to be presented in the Other Comprehensive Income section

Profit or Loss

Information to be presented in the statement of financial position (para 54-59)

Disclose in Statement

Source: Walmart Store

Para 97

Finance industry

Para 74 & 75

Information to be presented in the Statement of Comprehensive Income or in the Notes

Single Statement

Separate Statements

Transportation industry

Source: AEON Credit Service (M) Berhad

Source: AirAsia Berhad

Disclose in Note

Current / non-current distinction or liquidity (para 60-65)

Total other Comprehensive Income

Plantation

Source: Air Asia Berhad

Notes

Separate Statements

Single Statement

Source: AEON Credit Service (M) Berhad

Source: Felda Global Ventures Holdings Berhad

Para 54

Para 81B

Comprehensive Income for the period

Current / non-current

Net of tax

Source: IJM Land Berhad

Source: Berjaya Sports Toto Berhad

Liquidity

Information to be presented either in the statement of financial position or in the notes (para 77-80A)

Para 60: Presentation of assets & liabilities in order of liquidity (relevant & reliable)

Current assets (para 66-68)

Conclusion

Source: Chee Wah Corporation Berhad

Source: Petronas Gas Berhad

Function Of Expense

Para 55

Disaggregated PPE – MFRS 116

Disaggregate of equity capital & reserves

Source: Sime Darby Berhad

Para 91

Additional line item

Para 66

Notes

Subtotals

Source: Chee Wah Corporation Berhad

Source: Hong Leong Bank Berhad

Information to be presented in the Profit or Loss section

Intend to sell or consume

Hold assets for trading purpose

Source: Chee Wah Corporation Berhad

Realise the assets (within 12 months)

Before tax

Cash or cash equivalent

Para 99

Source: Sime Darby Berhad

Transportation industry

Information to be presented in the Other Comprehensive Income section

%

Source: Chee Wah Corporation Berhad

Felda Global Ventures Holdings Berhad

Source: Air Asia Berhad

Para 82

Source: Sime Darby Berhad

Notes

Notes

Para 82A

  • meet the requirement in MFRS 101
  • fulfill the qualitative characteristics state in Conceptual Framework

par value

Source: Air Asia Berhad

Source: Padiberas National Berhad

(iii)

(i)

Nature Of Expense

Source: Felda Global Ventures Holdings Berhad

(ii)

Finance industry

Source: Sime Darby Berhad

%

Disclose in statement of financial position

OR

statement of changes in equity

OR

notes

Source: AEON Credit Service (M) Berhad

Investing Activities

Plantation

Most liquid

Least liquid

Direct method

Indirect method

Liquidity and solvency

Additional information for changes in assets, liabilities and equity

Operating Activities

Plantation

Most liquid

Least liquid

Financing Activities

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