Citation
Yusof, Nurul Adillah and Ismail, Hashanah
(2010)
Accounting for goodwill under FRS136 : case of Malaysian plantation companies.
Journal of Modern Accounting and Auditing, 6 (9).
pp. 32-36.
ISSN 1548-6583
Abstract
The introduction of FRS (financial reporting standards) 136 to Malaysian PLC’s (public limited company) in 2006 indirectly formalized accounting for purchased goodwill for the first time. Based on a sample of 2006 annual reports of 10 Main Board companies from plantation sector, the study finds the level of desired disclosure has yet to be met. Whilst the intention of the standard is noble, actual practice for first time reporting entities indicate that Malaysian PLC’s and their auditors have far to go before they can meet the expectation set by FRS 136 in particular and International Financial Reporting Standards in general.
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| Publisher: | David Publishing Company |
| Keywords: | Goodwill; FRS136; Impairment testing; CGU (cash generating units) |
| Depositing User: | Azana Abd Hadi |
| Date Deposited: | 11 Dec 2014 04:18 |
| Last Modified: | 30 Oct 2015 00:40 |
| URI: | http://psasir.upm.edu.my/id/eprint/12916 |
| Statistic Details: | View Download Statistic |
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