UPM Institutional Repository

Accounting for goodwill under FRS136 : case of Malaysian plantation companies


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


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.

Download File

PDF (Abstract)
Accounting for goodwill under FRS136.pdf

Download (147kB) | Preview

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

Actions (login required)

View Item View Item