Guides to financial statements

Our Guides to financial statements acts as a starting point to guide entities in Malaysia to understand the disclosure requirements towards preparing annual financial statements.

While our Illustrative Financial Statements are up to date at the time of issuance, MFRS, MPERS, and their interpretations changes over time. Accordingly, our Illustrative Financial Statements should not be used as a substitute for referring to the standards and interpretations themselves, particularly when a specific requirement is not addressed in the Illustrative Financial Statements or when there is uncertainty regarding the correct interpretations of the MFRS or MPERS.

There 3 different guides we have are as follows: 

Wonderful Malaysia Berhad - KPMG PLT’s Illustrative Financial Statements for financial statements prepared in accordance with MFRS Accounting Standards ("MFRS") and reflects the latest amendments to the disclosure requirements for annual financial statements.

Wonderful Lite Sdn Bhd - KPMG PLT's Illustrative Financial Statements for financial statements prepared in accordance with MFRS where the reporting entity applies MFRS 19, Subsidiaries without Public Accountability: Disclosures.

Wonderful SME Sdn Bhd - KPMG PLT's Illustrative Financial Statements for first-time adopters of the Malaysian Private Entities Reporting Standard ("MPERS").