Business Advisory Services

The adoption of Integrated Reporting is gaining momentum in ASEAN countries. Organisations are starting to realise its benefits, in enabling the management to better understand its use of capitals for value creation, and as a platform to communicate with their stakeholders about the organisations' value creation journey.

At Deloitte, we provide tailored services that meet the diverse needs of our clients on their adoption journey. We offer a team of multi-disciplinary skilled and experienced professionals to help you navigate the challenges of implementing integrated reporting.

Download the Integrated Reporting Support Services brochure here.

A new accounting standard for leases

The Malaysian Accounting Standards Board (the Board) issued MFRS 16 Leases in April 2016, which set an effective date of 1 January 2019. The new standard will likely present several key implementation challenges for entities, particularly lessees, in addition to technical accounting challenges. As time has passed near to the effective date, these could be overwhelming if not planned early.

This new standard covers various key issues including the options and benefits on transition which highlight the potential cost savings available depending on the options chosen. It looks at the available practical expedients relating to the measurement of lease liabilities and right-of-use assets. These standards also obtain the new information needed where judgements are involved in applying MFRS 16.

In addition, MFRS 16 explores the two ways in determining discount rates i.e. the implicit rate of the lease, or if it is not practicable, the incremental borrowing rate of the lease. Another key issue the standard focuses on is studying the factors a lender would typically consider to arrive at an appropriate incremental borrowing rate for the lease.

As 1 January 2019, the effective date, approaches, the most important action an entity can take is to start the efforts related to this accounting change now. It can be a challenge to anticipate the data gaps and overcome the data extraction hurdle, but with adequate support from professionals with a good understanding of its requirements and the interpretation issues, it can be achieved.

Download the MFRS16 brochure here

Achieving a head start

With an effective date of 1 January 2018, MFRS 15 Revenue from contracts with customers outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. It supersedes current revenue recognition guidance, including MFRS 118 Revenue, MFRS 111 Construction Contracts and other related interpretations.

Under MFRS 15, an entity recognises revenue in accordance with that core principle by applying the five steps approach. The first step is to identify contracts with customers. The next step is to identify the performance obligations (PO). Following the second step, we would have to determine the transaction price (TP). TP to PO is then allocated based on fair value. The final step is to recognise allocated revenue when the PO is satisfied.

While MFRS 15 is a very comprehensive standard, there are numerous areas that are subjected to judgment and interpretation. You will need professionals with a good understanding of its requirements and the interpretation issues, in order to help you identify the other significant implications on your business that go beyond just compliance.

Download the MFRS15 brochure here

Are you looking to grow your existing business by increasing current capacity, or through a regional expansion or mergers and acquisitions (M&A)? Do you need equity or debt financing? Are you looking for strategic investors or to take the company public via an Initial Public Offering (IPO)?

Regardless of intent, it is important to prepare early and be ready to strike when the market opportunity arises. Proper planning for disruptive events such as capital fund raising or M&A project, including ensuring the right resources and expertise are in place, will not only pay off, but is also an essential part of being ready for the inevitable changes to your business.

We have the right team with the right expertise to provide end-to-end assistance to you to navigate the complex route of your intended capital market transaction journey.

Download the Disruptive Events Advisory brochure here.

Turning an enterprise into a publicly traded company through an IPO is a significant milestone for your company. It calls for the combined efforts of advisers from the accounting, legal, financial advisory and underwriting professions. We have the right team with the right expertise to assist you to navigate the complex route and become a public listed company.

Download the IPO brochure here.

In addition to providing a detailed summary and explanations of the requirements of IFRS 16 Leases covering all of the requirements of the standard, this guide also includes an executive summary and a section focusing specifically on the practicalities of transition. It also covers ‘Thinking it through’ practical tips, interspersed throughout the detailed guide, presentation or disclosure checklists and a high level of IFRS/US GAAP comparison.

Download the IFRS16 guide here

If you want to achieve stronger business outcomes, you need efficient and smarter insights to guide your decision making.

In Assurance analytics, we offer a wide range of services, from providing talks and training in our areas of expertise implementing cutting edge analysis and transforming your business.

Through the Analytics, AI and Automation (AAA) triad, we can integrate our expertise into your business units to enable Quality, Value and Efficiency into your industry.

Download the Analytics, AI and Automation brochure here

We offer a team of multi-disciplinary skilled and experienced professionals to support your dispute journey where accounting and finance related matters are involved.

Download the Inspection and Dispute Support Services brochure here

We provide tailored services that meet the diverse needs of our clients. We offer a team of multi-disciplinary skilled professionals to help you navigate the challenges of accounting for various incentives, arrangements and reliefs in accordance with MFRS 16.

Download the MFRS 16 Leases Accounting Support Services brochure here.

Economic uncertainties, regulatory changes and business complexities are presenting a whole new set of challenges to accounting and finance teams – particularly for those that do not have in-house resources to address complex accounting and disclosure matters on financial instruments. The complex accounting decisions organisations make can have a profound impact on how they are evaluated by stakeholders. To help you maintain compliance with the existing accounting requirements on financial instruments, Deloitte’s technical professionals are ready to assist and provide support on this matter.

Download the MFRS 9: Financial Instruments Accounting Support Services brochure here.