Mfrs Essay

9732 Words May 7th, 2015 39 Pages
MFRS 133

Malaysian Financial Reporting Standard 133

Earnings per Share
This version includes amendments resulting from MFRSs with effective dates no later than 1 January 2012.

Amendments with an effective date later than 1 January 2012
MFRS 133 has been amended by:
 MFRS 10 Consolidated Financial Statements*
 MFRS 11 Joint Arrangements*
 MFRS 13 Fair Value Measurement*
 Presentation of Items of Other Comprehensive Income (Amendments to MFRS 101)†
As those amendments have an effective date after 1 January 2012 they are not included in this edition.
*


effective date 1 January 2013 effective date 1 July 2012

907

MFRS 133

CONTENTS paragraphs Preface
INTRODUCTION

IN1–IN3

MALAYSIAN FINANCIAL
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©

IFRS Foundation

909

MFRS 133

Preface
The Malaysian Accounting Standards Board (MASB) is implementing its policy of convergence through adopting International Financial Reporting Standards (IFRSs) as issued by the International Accounting Standards Board (IASB) for application for annual periods beginning on or after 1 January 2012. The IASB defines IFRSs as comprising: (a)

International Financial Reporting Standards;

(b) International Accounting Standards;
(c)

IFRIC Interpretations; and

(d) SIC Interpretations.
Malaysian Financial Reporting Standards (MFRSs) equivalent to IFRSs that apply to any reporting period beginning on or after 1 January 2012 are:
(a)

Malaysian Financial Reporting Standards; and

(b) IC Interpretations.
First-time application of MFRSs equivalent to IFRSs
Application of this Standard will begin in the first-time adopter’s * first annual reporting period beginning on or after 1 January 2012 in the context of adopting
MFRSs equivalent to IFRSs. In this case, the requirements of MFRS 1 First-time
Adoption of Malaysian Financial Reporting Standards must be observed. Application of MFRS 1 is necessary as otherwise such financial statements will not be able to assert compliance with IFRS.
MFRS 1, the Malaysian equivalent of IFRS 1 First-time Adoption of International
Financial Reporting Standards, requires prior

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