Accounting for goodwill under FRS136 : case of Malaysian plantation companies
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...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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David Publishing Company
2010
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| Online Access: | http://psasir.upm.edu.my/id/eprint/12916/ http://psasir.upm.edu.my/id/eprint/12916/1/Accounting%20for%20goodwill%20under%20FRS136.pdf |
| _version_ | 1848841967276916736 |
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| author | Yusof, Nurul Adillah Ismail, Hashanah |
| author_facet | Yusof, Nurul Adillah Ismail, Hashanah |
| author_sort | Yusof, Nurul Adillah |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T07:51:39Z |
| format | Article |
| id | upm-12916 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T07:51:39Z |
| publishDate | 2010 |
| publisher | David Publishing Company |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-129162015-10-30T00:40:08Z http://psasir.upm.edu.my/id/eprint/12916/ Accounting for goodwill under FRS136 : case of Malaysian plantation companies Yusof, Nurul Adillah Ismail, Hashanah 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. David Publishing Company 2010-09 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/12916/1/Accounting%20for%20goodwill%20under%20FRS136.pdf 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 http://www.davidpublishing.com/journals_info.asp?jId=1106 |
| spellingShingle | Yusof, Nurul Adillah Ismail, Hashanah Accounting for goodwill under FRS136 : case of Malaysian plantation companies |
| title | Accounting for goodwill under FRS136 : case of Malaysian plantation companies |
| title_full | Accounting for goodwill under FRS136 : case of Malaysian plantation companies |
| title_fullStr | Accounting for goodwill under FRS136 : case of Malaysian plantation companies |
| title_full_unstemmed | Accounting for goodwill under FRS136 : case of Malaysian plantation companies |
| title_short | Accounting for goodwill under FRS136 : case of Malaysian plantation companies |
| title_sort | accounting for goodwill under frs136 : case of malaysian plantation companies |
| url | http://psasir.upm.edu.my/id/eprint/12916/ http://psasir.upm.edu.my/id/eprint/12916/ http://psasir.upm.edu.my/id/eprint/12916/1/Accounting%20for%20goodwill%20under%20FRS136.pdf |