MFRS

Get ready for MFRS 18 - Consequential amendments to other Malaysian Financial Reporting Standards

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This publication series sets out a high-level overview of MFRS 18’s new requirements, along with practical insights into the application challenges.

In this last series, we will be looking at the consequential amendments to other Malaysian Financial Reporting Standards.

While a number of Malaysian Financial Reporting Standards were amended as a consequence of the release of MFRS 18, the most significant amendments were made to the following Malaysian Financial Reporting Standards:

  • MFRS 107 ‘Statement of Cash Flows’
  • MFRS 108 ‘Accounting Policies, Changes in Accounting Estimates and Errors’
  • MFRS 133 ‘Earnings Per Share’
  • MFRS 134 ‘Interim Financial Reporting’
  • MFRS 7 ‘Financial Instruments: Disclosures

Entities must apply all of these amendments when they first apply MFRS 18. However, there is some nuance to the application of MFRS 134.

Consequential amendments

Consequential amendments

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How we can help

We hope you find the information in this article helpful in giving you some insight into aspects of MFRS 18. If you would like to discuss any of the points raised, please speak to your usual Grant Thornton contact.