NAMA AHLI KUMPULAN

• NAADIAH BT GULAM MUZAMMIL • 129965

• TN NOR EDAYU TN AHMAD ZAHID • 129967
• NADIAH BT ABD AZIZ • 129970
• WONG PEI LOOI • 130036
ADVANCED SYNERGY BHD
MAIN ACTIVITIES

Hotels and Resorts;

Information and Communications
Technology;
Property Development;
Travel and Tours;
Manufacturing, Marketing and
Distribution;
Financial Services; and
Card and Payment Services.
ANCOM BERHAD
MAIN ACTIVITIES

manufacturing of agricultural chemicals,

ethanol, industrial adhesives and
Sealant, phosphoric acid and polymer
products;
trading of industrial chemical and petro-
chemicals;
media and advertising;
logistic and warehousing services;
trading of electrical engineering
products
KAMDAR SDN BHD
MAIN ACTIVITIES

textile fabric,
furnishing fabric,
in-house designed garments for
ladies, men and children’s
clothes, Indian
Clothing and school uniforms.
PADIBERAS NASIONAL BHD
MAIN ACTIVITIES
• Paddy Procurement
• Rice Processing
• Rice Importation
• Rice Distribution
• Retailing
• Seed And Farming
• National Stockpile Management
• Paddy Price Subsidy Management
• Buyer Of Last Resort At Gmp
• Bumiputera Rice Millers Scheme Management
• Sufficient Supply At Fair And Stable Price
• Maintenance Of Quality And Standard Of Rice
QSR BRANDS BHD
MAIN ACTIVITIES
Kentucky’s Fried Chicken
Pizza Hut
Rasamas serves a nutritious variety of
Rasamas Roasters and chicken rice-
meals and other home-style delicacies.
Ayamas Retail that produce HALAL,
wholesome and nutritious primary and
further processed freezer-to-fryer
products snacks or meal
Life range of sauces
Bakery
 FRS COMPLIANCE
PADIBERAS NASIONAL BERHAD
 FINANCIAL REPORTING STANDARDS COMPLIANCE

ANALYSIS

ADVANCE ANCOM KAMDAR GROUP (M) PADIBERAS

FRS QSR BRANDS
SYNERGY BHD BHD NASIONAL

FRS 3 √ √ √ √ √

FRS 117 √ √ √ √ √

FRS 128 √ √ √ √ √

FRS 136
√ √ √ √ √

FRS 138 √ √ √ √ √

FRS 140 X √ X X X
 AMENDMENTS TO FRS

• FRS 3 BUSINESS COMBINATIONS

• The objective of this FRS is to specify the financial reporting by an
entity when it undertakes a business combination. FRS 3 requires
goodwill, which previously was amortised over its estimated useful life,
now has to be tested annually for impairment or more frequently if
events or changes in circumstances indicate that it might be impaired.
Any impairment loss is recognized in the income statement and
subsequent reversal is not allowed. This change in accounting policy
could cause a substantial effect in the reported earnings in the year of
change
ANCOM BHD
 The convergence with IFRSs
OR
our own standards independent from
IFRS ?
The convergence with IFRSs is something necessary
1. The Economy
• increasing the growth of its
international business
• encourages international
investing which leads to more
foreign capital flows to the
country.
2. Investors
• who wish to invest outside their
own country want the information
that is more relevant, reliable,
timely and comparable
• Convergence with IFRSs
contributes to investors
understanding and confidence in
high quality financial statements.
3. The Industry
• The industry is able to raise
capital from foreign markets if
their financial statements comply
with globally accepted accounting
standards
4. The Accounting Professionals
• that they are able to sell their
services as experts in different
parts of the world
• mobility to work in different parts
of the world increases .
 Conclusion

Malaysian companies have to be in step with

these developments in financial reporting practices
adopted worldwide in order that their financial
statements presented is globally accepted.

Full convergence to international accounting

standards will put Malaysia in good stead for
increased globalization of capital markets and
providing comparable financial statements to
promote investor confidence