First time FRS adoption among top Malaysian public listed companies / Najihah Marha Yaacob and Ayoib Che Ahmad
Globalization has led to greater demand for more uniform accounting standards throughout the world. A single global standard is vital for the investors who look for the best capital markets in which to invest, based on the financial reports available across the boundaries. International Accounting...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | en |
| Published: |
2012
|
| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/59623/1/59623.pdf https://ir.uitm.edu.my/id/eprint/59623/ http://myjms.mohe.gov.my/index.php/tifej |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1833071615934464000 |
|---|---|
| author | Yaacob, Najihah Marha Che Ahmad, Ayoib |
| author_facet | Yaacob, Najihah Marha Che Ahmad, Ayoib |
| author_sort | Yaacob, Najihah Marha |
| building | Tun Abdul Razak Library |
| collection | Institutional Repository |
| content_provider | Universiti Teknologi Mara |
| content_source | UiTM Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | Globalization has led to greater demand for more uniform accounting standards throughout the world. A single global standard is vital for the investors who look for the best capital markets in which to invest, based on the financial reports available across the boundaries.
International Accounting Standard Board (IASB) has taken an aggressive initiative to bring further convergence between local Generally Accepted Accounting Principles (GAAP) and international standards with the amendments of some existing standards and adopted certain new standards in the name of the International Financial Reporting Standards (IFRS).
Nevertheless, the complexity on the issue of convergence with a single standard has been raised by many parties (Hoogendoorn, 2006; Bernhut, 2008). Similarly, the Malaysian’s accounting bodies have also raised their anxiety as to whether the public listed companies are ready to encounter the major accounting transition. Therefore, this study tries to investigate the extent of FRS adoption among the Malaysian’s top 100 listed companies.
Using sample of 57 companies to represent the first annual reports to adopt 18 new or revised FRSs, this study reveals that all largest companies have promptly adhered to the FRS transition. Nevertheless, the level of adoption differs between the sample companies. |
| format | Article |
| id | my.uitm.ir-59623 |
| institution | Universiti Teknologi Mara |
| language | en |
| publishDate | 2012 |
| record_format | eprints |
| spelling | my.uitm.ir-596232022-05-16T15:41:19Z https://ir.uitm.edu.my/id/eprint/59623/ First time FRS adoption among top Malaysian public listed companies / Najihah Marha Yaacob and Ayoib Che Ahmad tifej Yaacob, Najihah Marha Che Ahmad, Ayoib Corporate organization. Corporate governance Malaysia Management. Industrial Management Other, Including business consultants, capacity, size of industries, etc. Business analysts Globalization has led to greater demand for more uniform accounting standards throughout the world. A single global standard is vital for the investors who look for the best capital markets in which to invest, based on the financial reports available across the boundaries. International Accounting Standard Board (IASB) has taken an aggressive initiative to bring further convergence between local Generally Accepted Accounting Principles (GAAP) and international standards with the amendments of some existing standards and adopted certain new standards in the name of the International Financial Reporting Standards (IFRS). Nevertheless, the complexity on the issue of convergence with a single standard has been raised by many parties (Hoogendoorn, 2006; Bernhut, 2008). Similarly, the Malaysian’s accounting bodies have also raised their anxiety as to whether the public listed companies are ready to encounter the major accounting transition. Therefore, this study tries to investigate the extent of FRS adoption among the Malaysian’s top 100 listed companies. Using sample of 57 companies to represent the first annual reports to adopt 18 new or revised FRSs, this study reveals that all largest companies have promptly adhered to the FRS transition. Nevertheless, the level of adoption differs between the sample companies. 2012 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/59623/1/59623.pdf First time FRS adoption among top Malaysian public listed companies / Najihah Marha Yaacob and Ayoib Che Ahmad. (2012) Terengganu International Finance and Economics Journal (TIFEJ) <https://ir.uitm.edu.my/view/publication/Terengganu_International_Finance_and_Economics_Journal_=28TIFEJ=29/>, 2 (1). pp. 67-72. ISSN 2232-0539 http://myjms.mohe.gov.my/index.php/tifej |
| spellingShingle | Corporate organization. Corporate governance Malaysia Management. Industrial Management Other, Including business consultants, capacity, size of industries, etc. Business analysts Yaacob, Najihah Marha Che Ahmad, Ayoib First time FRS adoption among top Malaysian public listed companies / Najihah Marha Yaacob and Ayoib Che Ahmad |
| title | First time FRS adoption among top Malaysian public listed companies / Najihah Marha Yaacob and Ayoib Che Ahmad |
| title_full | First time FRS adoption among top Malaysian public listed companies / Najihah Marha Yaacob and Ayoib Che Ahmad |
| title_fullStr | First time FRS adoption among top Malaysian public listed companies / Najihah Marha Yaacob and Ayoib Che Ahmad |
| title_full_unstemmed | First time FRS adoption among top Malaysian public listed companies / Najihah Marha Yaacob and Ayoib Che Ahmad |
| title_short | First time FRS adoption among top Malaysian public listed companies / Najihah Marha Yaacob and Ayoib Che Ahmad |
| title_sort | first time frs adoption among top malaysian public listed companies / najihah marha yaacob and ayoib che ahmad |
| topic | Corporate organization. Corporate governance Malaysia Management. Industrial Management Other, Including business consultants, capacity, size of industries, etc. Business analysts |
| url | https://ir.uitm.edu.my/id/eprint/59623/1/59623.pdf https://ir.uitm.edu.my/id/eprint/59623/ http://myjms.mohe.gov.my/index.php/tifej |
| url_provider | http://ir.uitm.edu.my/ |