Accounting standards compliance and comparability of measurement practices: the case of Malaysian general insurers
This study determines the extent of compliance level of Malaysian general insurers towards the requirements stipulated in MAS 3 (Malaysian Accounting Standard No. 3 Accounting for General Insurance Business) and GPI (Guidelines on Accounting for Insurance Business, JPI/GPI 3), and subsequently deter...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia
1999
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| Online Access: | https://repo.uum.edu.my/id/eprint/508/1/Ku_Nor_Izah_Ku_Ismail.pdf |
| _version_ | 1803624139697684480 |
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| author | Ku Ismail, Ku Nor Izah Abdullah, Shamsul Nahar |
| author_facet | Ku Ismail, Ku Nor Izah Abdullah, Shamsul Nahar |
| author_sort | Ku Ismail, Ku Nor Izah |
| collection | UUM |
| description | This study determines the extent of compliance level of Malaysian general insurers towards the requirements stipulated in MAS 3 (Malaysian Accounting Standard No. 3 Accounting for General Insurance Business) and GPI (Guidelines on Accounting for Insurance Business, JPI/GPI 3), and subsequently determines the comparability of relevant measurement practice outlined in the Standards and Guidelines. Data from the annual reports of 35 insurers were gathered 18 measurement practices were examined in the study. The Herfindahl index (known as H-index) was employed in measuring the comparability of measurement practices. Except for the accrual of dividends, results suggest that the compliance level of companies towards most of the other items were high. Nevertheless, results on comparability of measurement practices were rather mixed, having H-indices ranging from a low score of 0.47 to a prefect score of 1. |
| first_indexed | 2024-07-04T05:13:38Z |
| format | Article |
| id | uum-508 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:13:38Z |
| publishDate | 1999 |
| publisher | Universiti Utara Malaysia |
| record_format | dspace |
| spelling | uum-5082010-08-09T08:49:47Z https://repo.uum.edu.my/id/eprint/508/ Accounting standards compliance and comparability of measurement practices: the case of Malaysian general insurers Ku Ismail, Ku Nor Izah Abdullah, Shamsul Nahar HF5601 Accounting This study determines the extent of compliance level of Malaysian general insurers towards the requirements stipulated in MAS 3 (Malaysian Accounting Standard No. 3 Accounting for General Insurance Business) and GPI (Guidelines on Accounting for Insurance Business, JPI/GPI 3), and subsequently determines the comparability of relevant measurement practice outlined in the Standards and Guidelines. Data from the annual reports of 35 insurers were gathered 18 measurement practices were examined in the study. The Herfindahl index (known as H-index) was employed in measuring the comparability of measurement practices. Except for the accrual of dividends, results suggest that the compliance level of companies towards most of the other items were high. Nevertheless, results on comparability of measurement practices were rather mixed, having H-indices ranging from a low score of 0.47 to a prefect score of 1. Universiti Utara Malaysia 1999 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/508/1/Ku_Nor_Izah_Ku_Ismail.pdf Ku Ismail, Ku Nor Izah and Abdullah, Shamsul Nahar (1999) Accounting standards compliance and comparability of measurement practices: the case of Malaysian general insurers. Malaysian Management Journal, 3 (2). pp. 1-13. ISSN 0128-6226 http://mmj.uum.edu.my |
| spellingShingle | HF5601 Accounting Ku Ismail, Ku Nor Izah Abdullah, Shamsul Nahar Accounting standards compliance and comparability of measurement practices: the case of Malaysian general insurers |
| title | Accounting standards compliance and comparability of measurement practices: the case of Malaysian general insurers |
| title_full | Accounting standards compliance and comparability of measurement practices: the case of Malaysian general insurers |
| title_fullStr | Accounting standards compliance and comparability of measurement practices: the case of Malaysian general insurers |
| title_full_unstemmed | Accounting standards compliance and comparability of measurement practices: the case of Malaysian general insurers |
| title_short | Accounting standards compliance and comparability of measurement practices: the case of Malaysian general insurers |
| title_sort | accounting standards compliance and comparability of measurement practices the case of malaysian general insurers |
| topic | HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/508/1/Ku_Nor_Izah_Ku_Ismail.pdf |
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