Accounting change: According to Maybank Investment Bank Research, the revised MFRS will change the way planters recognise their upstream plantations in their books and the impact varies according to the companies’ existing accounting policies. — Reuters
Local planters need to fully comply with revised standards
PETALING JAYA: Locally-listed planters will need to fully comply with the revised MFRS 116 and MFRS 141 Agriculture: Bearer Plants accounting standards in their quarterly results from 2018 onwards.
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