Wonderful Malaysia Berhad is KPMG PLT’s Illustrative Financial Statements for financial statements prepared in accordance with Malaysia Financial Reporting Standards ("MFRS") and reflects the latest amendments to the disclosure requirements for annual financial statements at the end of each year. This publication acts as a starting point to guide entities in Malaysia to understand the disclosure requirements towards preparing your upcoming annual financial statements.
This publication incorporates the disclosure requirements arising from the adoption of Amendments to MFRS 101, Presentation of Financial Statements - Disclosure of Accounting Policies which is effective since 1 January 2023. This guide also illustrates the possible scenario of disclosing material accounting policy information.
While this publication is up to date at the time of issuance, MFRSs and their interpretations change over time. Accordingly, these 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 this publication or when there is uncertainty regarding the correct interpretations of the MFRS.