Early adoption of MASB 22 (segment reporting) by Malaysian listed companies
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 materials aspects, to the requirements under the revised Inter...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Malaysian Accountancy Research and Education Foundation
2003
|
| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/1599/1/Wan_Nordin_Wan_Husain%2C.pdf |
| _version_ | 1803624309851160576 |
|---|---|
| author | Wan Hussin, Wan Nordin Che Adam, Noriah Lode, Nor Asma Kamardin, Hasnah |
| author_facet | Wan Hussin, Wan Nordin Che Adam, Noriah Lode, Nor Asma Kamardin, Hasnah |
| author_sort | Wan Hussin, Wan Nordin |
| collection | UUM |
| 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 materials aspects, 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 amortization 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 | 2024-07-04T05:16:20Z |
| format | Article |
| id | uum-1599 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:16:20Z |
| publishDate | 2003 |
| publisher | Malaysian Accountancy Research and Education Foundation |
| record_format | dspace |
| spelling | uum-15992013-08-19T01:31:59Z https://repo.uum.edu.my/id/eprint/1599/ Early adoption of MASB 22 (segment reporting) by Malaysian listed companies Wan Hussin, Wan Nordin Che Adam, Noriah Lode, Nor Asma Kamardin, Hasnah HF5601 Accounting 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 materials aspects, 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 amortization 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. Malaysian Accountancy Research and Education Foundation 2003 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/1599/1/Wan_Nordin_Wan_Husain%2C.pdf Wan Hussin, Wan Nordin and Che Adam, Noriah and Lode, Nor Asma and Kamardin, Hasnah (2003) Early adoption of MASB 22 (segment reporting) by Malaysian listed companies. Malaysian Accounting Review, 2 (1). ISSN 1675-4077 http://lintas.uum.edu.my:8080/elmu/index.jsp?module=webopac-l&action=fullDisplayRetriever.jsp&szMaterialNo=0000292288 |
| spellingShingle | HF5601 Accounting Wan Hussin, Wan Nordin Che Adam, Noriah Lode, Nor Asma Kamardin, Hasnah Early adoption of MASB 22 (segment reporting) by Malaysian listed companies |
| title | Early adoption of MASB 22 (segment reporting) by Malaysian listed companies |
| title_full | Early adoption of MASB 22 (segment reporting) by Malaysian listed companies |
| title_fullStr | Early adoption of MASB 22 (segment reporting) by Malaysian listed companies |
| title_full_unstemmed | Early adoption of MASB 22 (segment reporting) by Malaysian listed companies |
| title_short | Early adoption of MASB 22 (segment reporting) by Malaysian listed companies |
| title_sort | early adoption of masb 22 segment reporting by malaysian listed companies |
| topic | HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/1599/1/Wan_Nordin_Wan_Husain%2C.pdf |
| work_keys_str_mv | AT wanhussinwannordin earlyadoptionofmasb22segmentreportingbymalaysianlistedcompanies AT cheadamnoriah earlyadoptionofmasb22segmentreportingbymalaysianlistedcompanies AT lodenorasma earlyadoptionofmasb22segmentreportingbymalaysianlistedcompanies AT kamardinhasnah earlyadoptionofmasb22segmentreportingbymalaysianlistedcompanies |