Early adoption of MASB 22 (segment reporting) by Malaysian listed companies / Wan Nordin Wan-Hussin … [et al.]

Wan-Hussin, Wan Nordin and Che-Adam, Noriah and Lode, NorAsma and Kamardin, Hasnah (2003) Early adoption of MASB 22 (segment reporting) by Malaysian listed companies / Wan Nordin Wan-Hussin … [et al.]. Malaysian Accounting Review, 2 (1). pp. 139-152. ISSN 1675-4077


Listed companies in Malaysia have to adhere to a new standard of segment reporting (MASB 22) for their financial statements beginning on or after 1 January 2002. The reporting and disclosure requirements under MASB 22 are similar, in all material respects, to the requirements under the revised International Accounting Standard (IAS) 14. Anticipating that some Malaysian companies might adopt MASB 22 earlier, this study seeks to find out how pervasive is early adoption in Malaysia and the disclosure practices among the early adopters. Based on a sample of 32 early adopters, the findings show that less than half of the companies comply fully with the MASB 22 requirements. The most glaring disclosure deficiency is the failure to disaggregate non-cash expenses other than depreciation and amortisation by reportable segments. Other deficiencies include non-disclosure of capital expenditure and investment in equity method associates by reportable segments, and basis for inter-segment pricing.


Item Type: Article
CreatorsID Num. / Email
Wan-Hussin, Wan NordinUNSPECIFIED
Kamardin, HasnahUNSPECIFIED
Subjects: H Social Sciences > HF Commerce > Accounting. Bookkeeping > Managerial accounting > Malaysia
H Social Sciences > HF Commerce > Accounting. Bookkeeping > Balance sheet. Financial statements. Corporation reports. Including pro forma statements
Divisions: Universiti Teknologi MARA, Shah Alam > Accounting Research Institute (ARI)
Journal or Publication Title: Malaysian Accounting Review
ISSN: 1675-4077
Volume: 2
Number: 1
Page Range: pp. 139-152
Item ID: 13687
Uncontrolled Keywords: Malaysian listed companies, new standard of segment reporting, MASB 22, International Accounting Standard
URI: http://ir.uitm.edu.my/id/eprint/13687


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