Impairment of assets disclosure by public listed companies in Malaysia
The main objectives of this study are to investigate the disclosure of assets impairment by Malaysian public companies and the compliance to FRS 136 impairment of assets.The study also tries to identify the demographical characteristics of companies who were affected by the adoption of this standard...
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| Format: | Article |
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Inderscience Publishers
2013
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| author | Shaari, Hasnah Abdullah, Zaimah Abdul Aziz, Saliza |
| author_facet | Shaari, Hasnah Abdullah, Zaimah Abdul Aziz, Saliza |
| author_sort | Shaari, Hasnah |
| collection | UUM |
| description | The main objectives of this study are to investigate the disclosure of assets impairment by Malaysian public companies and the compliance to FRS 136 impairment of assets.The study also tries to identify the demographical characteristics of companies who were affected by the adoption of this standard.100 companies which recognised impairment loss for the year 2003 were selected as our sample and the data were analysed using descriptive statistics.Our study revealed that the compliance to the disclosure requirements as per FRS 136 was unsatisfactory, except for two main requirements which were disclosing amount in the income statement and the nature of assets. The study also documented that property, plant and equipment (PPE) represent the highest tendency of non–current assets subjected to impairment loss.Indeed, the analysis also revealed that companies which poses large amount of PPE recognised high impairment loss than companies that carry small size of PPE. |
| first_indexed | 2024-07-04T05:39:14Z |
| format | Article |
| id | uum-9078 |
| institution | Universiti Utara Malaysia |
| last_indexed | 2024-07-04T05:39:14Z |
| publishDate | 2013 |
| publisher | Inderscience Publishers |
| record_format | dspace |
| spelling | uum-90782016-04-19T02:24:25Z https://repo.uum.edu.my/id/eprint/9078/ Impairment of assets disclosure by public listed companies in Malaysia Shaari, Hasnah Abdullah, Zaimah Abdul Aziz, Saliza HF5601 Accounting The main objectives of this study are to investigate the disclosure of assets impairment by Malaysian public companies and the compliance to FRS 136 impairment of assets.The study also tries to identify the demographical characteristics of companies who were affected by the adoption of this standard.100 companies which recognised impairment loss for the year 2003 were selected as our sample and the data were analysed using descriptive statistics.Our study revealed that the compliance to the disclosure requirements as per FRS 136 was unsatisfactory, except for two main requirements which were disclosing amount in the income statement and the nature of assets. The study also documented that property, plant and equipment (PPE) represent the highest tendency of non–current assets subjected to impairment loss.Indeed, the analysis also revealed that companies which poses large amount of PPE recognised high impairment loss than companies that carry small size of PPE. Inderscience Publishers 2013 Article PeerReviewed Shaari, Hasnah and Abdullah, Zaimah and Abdul Aziz, Saliza (2013) Impairment of assets disclosure by public listed companies in Malaysia. International Journal of Critical Accounting, 5 (2). pp. 173-186. ISSN 1757-9848 http://dx.doi.org/10.1504/IJCA.2013.055182 doi:10.1504/IJCA.2013.055182 doi:10.1504/IJCA.2013.055182 |
| spellingShingle | HF5601 Accounting Shaari, Hasnah Abdullah, Zaimah Abdul Aziz, Saliza Impairment of assets disclosure by public listed companies in Malaysia |
| title | Impairment of assets disclosure by public listed companies in Malaysia |
| title_full | Impairment of assets disclosure by public listed companies in Malaysia |
| title_fullStr | Impairment of assets disclosure by public listed companies in Malaysia |
| title_full_unstemmed | Impairment of assets disclosure by public listed companies in Malaysia |
| title_short | Impairment of assets disclosure by public listed companies in Malaysia |
| title_sort | impairment of assets disclosure by public listed companies in malaysia |
| topic | HF5601 Accounting |
| work_keys_str_mv | AT shaarihasnah impairmentofassetsdisclosurebypubliclistedcompaniesinmalaysia AT abdullahzaimah impairmentofassetsdisclosurebypubliclistedcompaniesinmalaysia AT abdulazizsaliza impairmentofassetsdisclosurebypubliclistedcompaniesinmalaysia |