Early adoption of MASB 22 (segment reporting) by Malaysian listed companies / Wan Nordin Wan-Hussin … [et al.]
Listed companies in Malaysia have to adhere to a new standard of segment reporting (MASB 22) for their financial statements beginning on or after 1 January 2002. The reporting and disclosure requirements under MASB 22 are similar, in all material respects, to the requirements under the revised Inte...
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| Format: | Article |
| Language: | English |
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Faculty of Accountancy & Accounting Research Institute (ARI)
2003
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| Online Access: | https://ir.uitm.edu.my/id/eprint/13687/1/AJ_WAN%20NORDIN%20WAN-HUSSIN%20MAR%2003.pdf |
| _version_ | 1825734143342804992 |
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| author | Wan-Hussin, Wan Nordin Che-Adam, Noriah Lode, NorAsma Kamardin, Hasnah |
| author_facet | Wan-Hussin, Wan Nordin Che-Adam, Noriah Lode, NorAsma Kamardin, Hasnah |
| author_sort | Wan-Hussin, Wan Nordin |
| collection | UITM |
| description | Listed companies in Malaysia have to adhere to a new standard of segment reporting (MASB 22) for their financial statements beginning on or after 1 January 2002. The reporting and disclosure requirements under MASB 22 are
similar, in all material respects, to the requirements under the revised International Accounting Standard (IAS) 14. Anticipating that some Malaysian companies might adopt MASB 22 earlier, this study seeks to find out how pervasive is early adoption in Malaysia and the disclosure practices among the early adopters. Based on a sample of 32 early adopters, the findings show that less than half of the companies comply fully with the MASB 22 requirements. The most glaring disclosure deficiency is the failure to disaggregate non-cash expenses other than depreciation and amortisation by reportable segments. Other deficiencies include non-disclosure of capital expenditure and investment
in equity method associates by reportable segments, and basis for inter-segment pricing. |
| first_indexed | 2024-03-06T01:27:22Z |
| format | Article |
| id | oai:ir.uitm.edu.my:13687 |
| institution | Universiti Teknologi MARA |
| language | English |
| last_indexed | 2024-03-06T01:27:22Z |
| publishDate | 2003 |
| publisher | Faculty of Accountancy & Accounting Research Institute (ARI) |
| record_format | dspace |
| spelling | oai:ir.uitm.edu.my:136872016-07-21T07:59:16Z https://ir.uitm.edu.my/id/eprint/13687/ Early adoption of MASB 22 (segment reporting) by Malaysian listed companies / Wan Nordin Wan-Hussin … [et al.] mar Wan-Hussin, Wan Nordin Che-Adam, Noriah Lode, NorAsma Kamardin, Hasnah Malaysia Balance sheet. Financial statements. Corporation reports. Including pro forma statements Listed companies in Malaysia have to adhere to a new standard of segment reporting (MASB 22) for their financial statements beginning on or after 1 January 2002. The reporting and disclosure requirements under MASB 22 are similar, in all material respects, to the requirements under the revised International Accounting Standard (IAS) 14. Anticipating that some Malaysian companies might adopt MASB 22 earlier, this study seeks to find out how pervasive is early adoption in Malaysia and the disclosure practices among the early adopters. Based on a sample of 32 early adopters, the findings show that less than half of the companies comply fully with the MASB 22 requirements. The most glaring disclosure deficiency is the failure to disaggregate non-cash expenses other than depreciation and amortisation by reportable segments. Other deficiencies include non-disclosure of capital expenditure and investment in equity method associates by reportable segments, and basis for inter-segment pricing. Faculty of Accountancy & Accounting Research Institute (ARI) 2003 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/13687/1/AJ_WAN%20NORDIN%20WAN-HUSSIN%20MAR%2003.pdf Early adoption of MASB 22 (segment reporting) by Malaysian listed companies / Wan Nordin Wan-Hussin … [et al.]. (2003) Malaysian Accounting Review <https://ir.uitm.edu.my/view/publication/Malaysian_Accounting_Review/>, 2 (1). pp. 139-152. ISSN 1675-4077 https://mar.uitm.edu.my/ |
| spellingShingle | Malaysia Balance sheet. Financial statements. Corporation reports. Including pro forma statements Wan-Hussin, Wan Nordin Che-Adam, Noriah Lode, NorAsma Kamardin, Hasnah Early adoption of MASB 22 (segment reporting) by Malaysian listed companies / Wan Nordin Wan-Hussin … [et al.] |
| title | Early adoption of MASB 22 (segment reporting) by Malaysian listed companies / Wan Nordin Wan-Hussin … [et al.] |
| title_full | Early adoption of MASB 22 (segment reporting) by Malaysian listed companies / Wan Nordin Wan-Hussin … [et al.] |
| title_fullStr | Early adoption of MASB 22 (segment reporting) by Malaysian listed companies / Wan Nordin Wan-Hussin … [et al.] |
| title_full_unstemmed | Early adoption of MASB 22 (segment reporting) by Malaysian listed companies / Wan Nordin Wan-Hussin … [et al.] |
| title_short | Early adoption of MASB 22 (segment reporting) by Malaysian listed companies / Wan Nordin Wan-Hussin … [et al.] |
| title_sort | early adoption of masb 22 segment reporting by malaysian listed companies wan nordin wan hussin et al |
| topic | Malaysia Balance sheet. Financial statements. Corporation reports. Including pro forma statements |
| url | https://ir.uitm.edu.my/id/eprint/13687/1/AJ_WAN%20NORDIN%20WAN-HUSSIN%20MAR%2003.pdf |
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