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IASB proposes improvements to disclosure requirements for Level 3 fair value measurements

The IASB published for public comment further enhancements to a disclosure proposal on Level 3 fair value measurements that formed part of the IASB’s exposure draft Fair Value Measurement published in May 2009.

 
IASB and FASB propose a new joint standard for revenue recognition
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) published for public comment a draft standard to improve and align the financial reporting of revenue from contracts with customers and related costs.
 
IASB proposes improvements to the presentation of items of Other Comprehensive Income

The International Accounting Standards Board (IASB) published for public comment proposals to improve the consistency of how items of Other Comprehensive Income (OCI) are presented.

 
Request for comment: FASB Financial Instruments Exposure Draft

On 26 May 2010 the FASB released a proposed Accounting Standards Update (ASU) that contains proposals for a new comprehensive standard on financial instruments.

 
Impairment: summary of Expert Advisory Panel discussions to date

In response to constituents’ feedback during its outreach activities, the IASB staff has posted a summary of the discussions to date by the Expert Advisory Panel (EAP) on the exposure draft (ED) Financial Instruments: Amortised Cost and Impairment.

 

Reference For Fair Value Measurement Guidance

In May 2009 the International Accounting Standards Board (IASB) published an exposure draft on fair value measurement guidance which would replace fair value measurement guidance contained in individual International Financial Reporting Standards (IFRSs) with a single, unified definition of fair value, as well as further authoritative guidance on the application of fair value measurement in inactive market. For more information, click here.

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