WAN NADZIR & CO.CHARTERED ACCOUNTANTS · AF1234
Insights
Practical perspectives on tax, financial reporting and business matters — written to help decision-makers understand what matters and what to do next.
Financial Reporting
MFRS 18 becomes effective for annual periods beginning on or after 1 January 2027. For many companies, however, the practical work should begin much earlier because 2026 will already matter as the comparative year.
Read the Insight →
Latest thinking
MPSAS
MPSAS 41 becomes effective from 1 January 2030 and introduces a forward-looking expected credit loss model. For agencies with large loan portfolios, the biggest implementation challenge may not be the calculation itself — but whether the right credit-risk data exists when it is needed.
Financial Reporting
Money received from a customer does not always become revenue immediately. For SMEs, the timing of revenue recognition depends on what the business has actually delivered or performed — not simply when cash reaches the bank.
MPSAS
A missing budget allocation does not automatically mean there is no expense or liability. Budgeting and accrual accounting answer different questions — and confusing the two can lead to incomplete financial statements.
MPSAS
Malaysia's current MPSAS lease model remains based on MPSAS 13, while IPSAS 43 has already introduced a right-of-use model internationally. For public sector agencies with large lease portfolios, the operational challenge may eventually return.
MPSAS
MPSAS 42 becomes effective from 1 January 2029. But not every programme described as “bantuan” is a social benefit. Part 1 of our MPSAS 42 series looks at how agencies can determine which assistance schemes are actually within scope.
Tax
A practical guide for SME owners on the tax and commercial considerations when choosing between salary, bonus and dividend.
Start a conversation
A clearer way forward often starts with a conversation.
Contact us