pembangunan standard perakaunan di malaysia

8/10/2019 Pembangunan Standard Perakaunan Di Malaysia

1/17

Pensyarah : MOHD SALEHUDIN MOHDSIMPOLSubjek : DDW3153

PERAKAUNANPEREN!AHAN"

Nama Pelajar : Siti Mazni Bt Md Zain

Matriks No. : DX100269DWJ04

Pe#ban$unanS%an&ar& PerakaunanD' Ma(ays'a


2/17

)*n%en%s

H's%*ry

Par%'es In+*(+e& In S%an&ar&,se%%'n$

Se-ur'%'es )*##'ss'*n Ma(ays'a.S)/

he Ma(ays'an Ins%'%u%e *0)er%'e& Pub('- A--*un%an%s .)PA/

Ma(ays'an A--*un%'n$ S%an&ar&s2*ar& .MAS2/

S%an&ar&,se%%'n$ Due Pr*-ess

Ma(ays'an 'nan-'a( Re4*r%'n$S%an&ar&s .MRSs/

Re0eren-es


3/17

On 1 Au$us% "67 %he R an& MAS2 ann*un-e& %he'r 4(an %*br'n$ Ma(ays'a %* 0u(( -*n+er$en-e 8'%h In%erna%'*na( 'nan-'a(Re4*r%'n$ S%an&ar&s .IRSs/ by 1 9anuary "1" IRSs areuse& by #*re %han 1 -*un%r'es ar*un& %he 8*r(&7 an& *%here-*n*#'es su-h as K*rea7 In&'a an& )ana&a ha+e a(s*ann*un-e& IRS -*n+er$en-e by "11 8h'(s% %he Un'%e&

S%a%es ha+e 'ssue& a 4r*4*se& r*aa4 0*r %he 4*%en%'a( use*0 IRS by US 'ssuers

IRS 's 'ssue& by %he In%erna%'*na( A--*un%'n$ S%an&ar&s2*ar& 8h*se #'ss'*n 's %* &e+e(*47 'n %he 4ub('- 'n%eres%7 as'n$(e se% *0 h'$h ;ua('%y7 un&ers%an&ab(e7 en0*r-eab(e an&$(*ba((y a--e4%e& nan-'a( re4*r%'n$ s%an&ar&s 0*r $enera(4ur4*se nan-'a( s%a%e#en%s

As -a4'%a( #arke%s ha+e be-*#e 'n-reas'n$(y $(*ba(7 %he-han$e*+er 0r*# 'nan-'a( Re4*r%'n$ S%an&ar&s .RSs/ %*Ma(ays'an 'nan-'a( Re4*r%'n$ S%an&ar&s .MRSs/7 e;u'+a(en%%* IRSs 8'(( he(4 4(a-e Ma(ays'an bus'nesses *n a (e+e(4(ay'n$ e(& 8'%h '%s 'n%erna%'*na( -*un%er4ar%s

HISOR


4/17

PARIES IN=OL=ED IN SANDARD,SEIN!

Es%ab('she& *n 1 Mar-h 1>>3 un&er %he Se-ur'%'es)*##'ss'*n A-% 1>>37 %he S) 's a se(0,0un&'n$ s%a%u%*ryb*&y 8'%h 'n+es%'$a%'+e an& en0*r-e#en% 4*8ers

I% re4*r%s %* %he M'n's%er *0 'nan-e an& '%s a--*un%s are

%ab(e& 'n Par('a#en% annua((y he S)?s #any re$u(a%*ry 0un-%'*ns 'n-(u&e:

Su4er+'s'n$ e@-han$es7 -(ear'n$ h*uses an& -en%ra(&e4*s'%*r'es

Re$'s%er'n$ au%h*r'%y 0*r 4r*s4e-%uses *0 -*r4*ra%'*ns*%her %han un('s%e& re-rea%'*na( -(ubs

A44r*+'n$ au%h*r'%y 0*r -*r4*ra%e b*n& 'ssues

Re$u(a%'n$ a(( #a%%ers re(a%'n$ %* se-ur'%'es an&&er'+a%'+es -*n%ra-%s

Re$u(a%'n$ %he %ake,*+er an& #er$ers *0 -*#4an'es

Re$u(a%'n$ a(( #a%%ers re(a%'n$ %* un'% %rus% s-he#es

L'-ens'n$ an& su4er+'s'n$ a(( ('-ense& 4ers*ns

En-*ura$'n$ se(0,re$u(a%'*n an&

Ensur'n$ 4r*4er -*n&u-% *0 #arke% 'ns%'%u%'*ns an&

('-ense& 4ers*ns Un&er4'nn'n$ a(( %hese 0un-%'*ns 's %he S)?s u(%'#a%e

res4*ns'b'('%y *0 4r*%e-%'n$ %he 'n+es%*r A4ar% 0r*#&'s-har$'n$ '%s re$u(a%*ry 0un-%'*ns7 %he S) 's a(s* *b('$e&by s%a%u%e %* en-*ura$e an& 4r*#*%e %he &e+e(*4#en% *0%he se-ur'%'es an& &er'+a%'+es #arke%s 'n Ma(ays'a

Se-ur'%'es )*##'ss'*n Ma(ays'a .S)/


5/17

The Malaysian Institute of Certied Public Accountants(MICPA) has been &e+e(*4'n$ %he a--*un%'n$ 4r*0ess'*n 'nMa(ays'a by 4r*+'&'n$ a--*un%'n$ $ra&ua%es 8'%h an a+enue %*

be-*#e a )er%'e& Pub('- A--*un%an%.)PA/ 0*r *+er +e &e-a&esS'n-e '%s es%ab('sh#en% 'n 1>567 MI)PA has 4(aye& a key r*(e 'n %hese%%'n$ *0 a--*un%'n$ s%an&ar&s 'n Ma(ays'a he Ins%'%u%e a(s*4(aye& a %e-hn'-a( a&+'s*ry r*(e 0*r %he Ma(ays'an re$u(a%*ry b*&'esres4*ns'b(e 0*r -ar+'n$ *u% %he bus'ness an& nan-'a( (an&s-a4e *0%h's na%'*n

MI)PA 's a 0*un&'n$ #e#ber *0 %he In%erna%'*na( e&era%'*n *0A--*un%an%s .IA)/ an& has -*n%r'bu%e& s'$n'-an%(y %* sus%a'n'n$

%he a--*un%an-y 4r*0ess'*n na%'*na((y7 as 8e(( as $(*ba((y MI)PAhas &e#*ns%ra%e& '%s &e&'-a%'*n %* 4r*%e-%'n$ 4ub('- 'n%eres% by4r*#*%'n$ -*n+er$en-e %* 'n%erna%'*na( s%an&ar&s %hr*u$h4ar%'-'4a%'*n 'n %he IA) )*#4('an-e Pr*$ra#

A Me#*ran&u# *0 Un&ers%an&'n$ .M*U/ 8as s'$ne& be%8eenMI)PA an& %he Ins%'%u%e *0 )har%ere& A--*un%an%s Aus%ra('a .I)AA/'n ">7 sea('n$ a ne8 era *0 4r*0ess'*na( %'es #ark'n$ an'#4*r%an% #'(es%*ne 0*r b*%h b*&'es 'n %he'r ;ues% %* 8*rk %*$e%her

%* 4r*#*%e %he 'n%eres% *0 s%u&en%s7 #e#bers an& %he a--*un%an-y4r*0ess'*n he M*U 4r*+'&es 0*r #u%ua( a&+an-e& en%ry 0*r-an&'&a%es 'n%* b*%h *0 %he a--*un%an-y b*&'es? 4r*0ess'*na(e@a#'na%'*ns )an&'&a%es 8'(( a(s* ;ua('0y 0*r " 4r*0ess'*na(#e#bersh'4s B )PA .Ma(ays'a/ an& )A .Aus%ra('a/

he &e4%h *0 %e-hn'-a( a--*un%'n$ kn*8(e&$e an& un&ers%an&'n$ *0%he Ma(ays'an bus'ness en+'r*n#en% has he(4e& MI)PA sha4e '%s-*re 4r*0ess'*na( a--*un%an-y 4r*$ra##e B %he MI)PA,I)AA4r*$ra##e7 %* su'% bus'ness 4r*0ess'*na(s 4ra-%'-'n$ 'n Ma(ays'a8h'(s% 'n-reas'n$ %he'r a--ess'b'('%y %* %he a--*un%'n$ 4r*0ess'*n *n'n%erna%'*na( sh*res he 4ar%nersh'4 be%8een MI)PA an& I)AA has8'&ene& %he h*r'C*ns *0 4r*$ra##e $ra&ua%es 'n %er#s *0'n%erna%'*na( *44*r%un'%'es an& a--ess %* res*ur-es su-h as %he!(*ba( A--*un%'n$ A(('an-e .!AA/ 8h'-h 4r*+'&es su44*r% 0r*# ane%8*rk *0 4r*0ess'*na( a--*un%'n$ b*&'es 'n 11 &'eren% -*un%r'es

he Ma(ays'an Ins%'%u%e *0 )er%'e& Pub('-A--*un%an%s .)PA/


6/17

Ma(ays'an A--*un%'n$ S%an&ar&s 2*ar&F as %he s%an&ar&,se%%'n$ b*&y *0 %he *un&a%'*n 8h*se 0un-%'*ns sha(( be %he&e%er#'na%'*n an& 'ssuan-e *0 a--*un%'n$ s%an&ar&s 0*r %he4re4ara%'*n *0 nan-'a( s%a%e#en%s7 8h'-h are re;u're& %* be

4re4are& *r (*&$e& un&er any (a8 a'n's%ere& by %heSe-ur'%'es )*##'ss'*n7 %he )en%ra( 2ank *r %he Re$'s%rar *0)*#4an'es[(1)Subs.Act A1427 of the year 2012].1A/ W'%h*u% ('#'%'n$ %he $enera('%y *0 0un-%'*ns *0 %he 2*ar&'n subse-%'*n .1/7 %he 2*ar& sha(( be res4*ns'b(eG(a) to issue new accounting standards as approedaccounting standards!

(b) to reiew" reise or adopt as approed accountingstandards" e#isting accounting standards!(c) to a$end" substitute" suspend" defer" withdraw or reo%eany approed accounting standards in8h*(e *r 'n 4ar%(d) to issue" approe" reiew" reise" a$end" substitute"suspend" defer" withdraw or reo%e any issues bu&&etin inwho&e or in part!

Ma(ays'an A--*un%'n$ S%an&ar&s 2*ar&

(e) to issue" approe" reiew" reise" a$end" substitute"suspend" defer" withdraw or reo%e any state$ent ofprincip&es" any technica& and other re&eases and any otherdocu$ent re&ating to 'nancia& reporting by whateer na$e

ca&&ed in who&e or in part!(f) to sponsor or underta%e dee&op$ent of possib&eaccounting standards!(g) to co&&aborate with other nationa& and internationa&accounting standardsetters and $onitor the dee&op$ent ofother nationa& and internationa& accounting standards!(h) to participate in and contribute to the dee&op$ent of asing&e set of accounting standards for internationa& use!

(i) to conduct such pub&ic consu&tation as $ay be necessaryin order to deter$ine the contents of accounting concepts"princip&es and standards!() to dee&op a conceptua& fra$ewor% for the purpose ofea&uating proposed accounting standards!(%) to $a%e such changes to the for$ and content ofproposed accounting standards as it considers necessary!(&) to $onitor the operation of approed accounting

standards to assess their continued re&eance and theire*ectieness! and($) to perfor$ any other function conferred or i$posed upon


7/17

MRSs are 8*r&,0*r,8*r& IRSs 'ssue& by %he IAS2 e@-e4% 0*r

%he n*#en-(a%ures he &ue 4r*-ess *0 MRS ra#e8*rka('$ns %he MAS2s &ue 4r*-ess %'#e('ne %* %ha% *0 %he IAS28'%h %he a'# *0 4u%%'n$ %he ne8 *r a#en&e& s%an&ar&s 'n4(a-e 0*r a&*4%'*n an& a44('-a%'*n 8'%h'n a %'#e(y #annerh's 's %* ensure %ha% %he ee-%'+e &a%e *0 %he ne8 *ra#en&e& s%an&ar&s 8'(( be %he sa#e as %ha% *0 IRSs

Stage 1 +AS/ see%s pub&ic co$$ent on AS/s draft

technica& pronounce$ents.

he IAS2s &ra0% %e-hn'-a( 4r*n*un-e#en%s 'n-(u&eD's-uss'*n Pa4er7 E@4*sure Dra0% an& Re;ues% 0*r ='e8s

MAS2 8'(( &'sse#'na%e %he IAS2 &ra0% 4r*n*un-e#en%s%*$e%her 8'%h an In+'%a%'*n %* )*##en% %* (*-a( -*ns%'%uen%sby 4ub('sh'n$ *n MAS2 8ebs'%e a )*##en% On('ne 0ea%ure

an& sen&'n$ a -*4y *0 %he &*-u#en%s %* %he re(e+an%au%h*r'%'es7 4r*0ess'*na( b*&'es7 a--*un%'n$ r#s7 'n&us%ryre(a%e& ass*-'a%'*ns7 an& 4ub('- ('s%e& -*#4an'es

he &ue &a%e 0*r %he 4ub('- %* sub#'% -*##en%s %* MAS2 'susua((y *ne #*n%h be0*re IAS2s -*##en% &ea&('ne s* as %*a((*8 MAS2 W*rk'n$ !r*u4 an& %he 2*ar& a reas*nab(e %'#e%* -*ns'&er %he -*##en%s re-e'+e& be0*re #ak'n$ a

sub#'ss'*n %* %he IAS2

In a&&'%'*n7 4ub('- 0*ru#s #ay be *r$an'se& '0 %hese IAS2&ra0% 4r*n*un-e#en%s re4resen% #aj*r -han$e *r sh'0% 0r*#-urren% 4ra-%'-e

S%an&ar&,se%%'n$ Due Pr*-ess


8/17

Stage 2 e&iberation at the 3or%ing ,roup &ee& onAS/s draft pronounce$ents

he IAS2s &ra0% 4r*n*un-e#en%s 8'(( be &e('bera%e& 'nW! #ee%'n$s an& %* 4r*+'&e -*##en%Jre-*##en&a%'*n %* %he 'ssues ra'se& 'n %he &ra0%4r*n*un-e#en%s 0*r %he 2*ar&s -*ns'&era%'*n heW! 8'(( a(s* -*ns'&er 4ub('- -*##en%s re-e'+e& an&%he'r +'e8s J re-*##en&a%'*ns *n %h*se -*##en%s 0*r%he 2*ar&s -*ns'&era%'*n .See S%a$e 3/

Stage e&iberation at the +AS/ (the /oard)

he 4ub('- -*##en%s re-e'+e&7 W!s -*##en%s an&re-*##en&a%'*ns 8'(( be %ab(e& a% %he 2*ar& 0*r&e('bera%'*n an& -*ns'&era%'*n Dur'n$ %he &'s-uss'*n7%he 2*ar& 8'(( -*ns'&er a(( -*##en%s re-e'+e& an&%herea0%er7 a -*##en% (e%%er %* %he IAS2 8'(( be

4re4are& an& sub#'%%e& %* IAS2 a--*r&'n$(y

Stage 4 ssuance of Standard by AS/

*((*8'n$ 4ub('-a%'*n *0 %he na( s%an&ar& by %he IAS2.IRS/7 %he W! 8'(( &e('bera%e *n %he -han$es #a&e7 '0any7 0r*# %he &ra0% 4r*n*un-e#en%s herea0%er7 %heW!s re-*##en&a%'*n7 'n-(u&'n$ 4*ss'b(e 'ssuesJ

'#4('-a%'*ns7 '0 any7 *0 %he IRS 8'(( be 4resen%e& %*%he MAS2 0*r -*ns'&era%'*n


9/17

Stage 5: Issuance of standard by MASB

After due deliberation by the Board, copy of the MFRS (word-for-word

with IFRSs would be presented to the FRF !e!bers for their

co!!ents before it bein" issued as appro#ed accountin" standards

in Malaysia$

%he followin" dia"ra! illustrates the due process of MFRS and I&

Interpretations'


10/17


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17/17

Re0eren-es

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