Worthy Wednesday: Annual Improvements to MFRS Standards 2015 – 2017 Cycle

Updates from MASB website on Annual Improvements to MFRS Standards 2015 – 2017 Cycle (issued on 15th January 2018):

1. Previously Held Interest in a Joint Operation (Amendments to MFRS 3 Business Combinations)
2. Previously Held Interest in a Joint Operation (Amendments to MFRS 11 Joint Arrangements)
3. Income Tax Consequences of Payments on Financial Instruments Classified as Equity (Amendments to MFRS 112 Income Taxes)
4. Borrowing Costs Eligible for Capitalisation (Amendments to MFRS 123 Borrowing Costs)

All the Amendments are effective for annual periods beginning on or after 1 January 2019. Earlier application is permitted. 

Source: http://www.masb.org.my/press_list.php?id=291​​