Tune up for FRS 3, corporates told

KUALA LUMPUR: With merger and acquisition (M&A) activities quickly becoming market movers, especially in 2006, it is timely that Malaysian corporates become more in tune with the business combination standard in Malaysia, namely FRS 3 accounting standard, said PricewaterhouseCoopers (PwC) partner Thaya Sangara Pillai.  

Financial Reporting Standards 3 (FRS 3) aids investors in understanding a company's financial performance by requiring companies to highlight essential components of their business. This enables investors to form a basis for their assessment of future results and cashflows.