skip to main | skip to sidebar

FreeAccountingLessons

My Headlines

Accounting Training Courses

For those of you in Klang Valley Malaysia, I am offering accounting training courses covering the following topics: -

*Introduction To Accounting
*Basic Understanding of Bookkeeping and Preparation of Financial Statements
*Basic understanding and preparation of consolidated balance sheet and income statement
*Preparation of Cash Flow Statement
*Accounting For Construction Contracts

Please refer to http://www.learnaccountingonline.com.my/ for further details.

Link To This Blog!

Mention this blog in your post or link to this site by copying and pasting this code into your own blog or web template.

<a href="http://freeaccountinglessons.blogspot.com/" target="_blank" title="Tips for New Bloggers"><img border="0" alt="Free Accounting Lessons" width="200" src="http://www.fileden.com/files/2007/6/13/1174004/image002.jpg" height="18"/></a>

Blog Archive

► 2011 (42)
- ► August (2)
- ► July (1)
- ► May (3)
- ► April (13)
- ► March (6)
- ► February (6)
- ► January (11)

► 2010 (12)
- ► December (7)
- ► November (3)
- ► January (2)

▼ 2009 (99)
- ► December (8)
- ▼ November (18)
- ► October (20)
- ► September (21)
- ► August (13)
- ► June (1)
- ► May (4)
- ► April (4)
- ► February (7)
- ► January (3)

► 2008 (40)
- ► December (19)
- ► November (9)
- ► April (1)
- ► February (1)
- ► January (10)

► 2007 (16)
- ► December (7)
- ► November (9)

Technorati

Add to Technorati Favorites

FeedAge

Google

Enter your search terms Submit search form

Web	freeaccountinglessons.blogspot.com

Sunday, 8 November 2009

Sample Disclosure - Note On Correction Of Prior Year Errors (8 November 2009)

If you need sample note on correction of prior year error on omission of interim dividend declared please click this: Sample Note On Correction Of Prior Year Errors - Omission Of Interim Dividend Declared

Posted by KC at 02:16

Labels: correction of prior year error, FRS 108, omission of interim dividend, prior year adjustments, Sample Disclosure in Financial Statements

1 comment:

learn quran said...: Informative blog! Thanks for sharing.; 8 November 2009 at 21:53

Newer Post Older Post Home

Subscribe to: Post Comments (Atom)

Google

Enter your search terms Submit search form

Web	freeaccountinglessons.blogspot.com

Disclaimer

This blog is for learning and information purposes only and it is written mainly from a Malaysia perspective. The information on this site should not be used in whatever means as a substitute for consulting a professional accountant in decision making. You are advised to exercise your own judegement should you wish to rely on the information shown in this site and the author will not be responsible for any consequences including any losses suffered as a result of using the information shown in this site.

Subscribe Now: Feed Icon

Babel Fish Translation

Topics

Accouting Documents & Accounting Cycles
Cash Basis Vs Accrual Basis Of Accounting
Cash Book
Collection From Sales Or Services Rendered
Contribution Of Capital From Owners
Debits and Credits
Dividend Imputation
Dividend Income
Effective Interest Vs Simple Interest Vs Compound Interest Vs Nominal Interest
Gain Or Loss On Disposal Of Assets
General Ledger, Journals, Books Of Original Entry & Trial Balance
Interest Expense
Interest Income
Inventories or Stocks - Cost Formulas
Inventories or Stocks - Introduction
Inventories or Stocks - Methods of Recording In General Ledger
Loss On Damaged Inventories Or Stocks
Recording Of Loans Or Borrowings
Recording Refund Of Deposits Placed Earlier With Third Parties
Rental Expense
Rental Income
Separate Entity Concept
The Accounting Equation
The Balance Sheet
The Income Statement
Three Common Types of Small Businesses
Tips For Preparing Accounts
Various Types of Transactions - Introduction

Recent Posts

Recent Comments

Labels

2010 Budget (3)
5% RPGT (3)
acccounting policy (3)
accountancy (23)
accountant (2)
accounting (26)
accounting documents (2)
accounting for biological assets (1)
accounting for consession contracts (1)
accounting for forest replanting expenditure (1)
accounting for sustainable forest management concession arrangements (1)
accounting government grant (1)
accounting policy (24)
accounting policy financial guarantees (1)
accounting policy of biological assets (2)
accounting policy of ESOS (1)
accounting policy of government grant (1)
accounting policy of inventories (1)
accounting policy of stocks (1)
accounting policy of warrants reserve (1)
accounting policy timber rights (1)
accounting policy trademarks (1)
Accounting Tips (7)
accounting training courses (1)
accounts (6)
accrual basis accounting (1)
acquisition of subsidiary company (1)
actuary valuation (1)
adverse audit opinion (1)
adverse opinion (1)
allocating proceeds from rights issue with free warrants (1)
amortisation of government grant (1)
analysis of disposal of subsidiary (2)
analysis of divestment of disposal group (1)
applicable accounting standards for MSC status company (1)
asset under hire purchase (1)
assets (4)
assets revaluation reserves (2)
assets under hire purchase financing (1)
associated companies (2)
associated company (2)
associates (1)
audit opinion (2)
auditors' report (3)
auditors' report for property developer (1)
auditors' report on economic entity (1)
auditors' report with no subsidiaries (1)
authorised capital (1)
Available-for-Sale Financial Asset (1)
balance sheet (4)
balance sheet continuing and discontinued operations (1)
bank borrowings (1)
bank borrowings double entry (1)
bank overdraft (1)
basic earnings per share (2)
benefit in kind (1)
biological assets (1)
bookkeeping (19)
books of original entry (4)
borrowing costs (1)
brand name (1)
Bursa Malaysia Guidance of Special Matter 1 (1)
capital commitments (4)
capital contributions (1)
capital expenditure (2)
capital injections (1)
capital statement (1)
capital work in progress (1)
cash and cash equivalents (1)
cash basis accounting (1)
cash book (2)
cash flow from discontinued operations (1)
cash flow statement (2)
cash payment journal (1)
cash receipts journal (1)
cess (1)
change in accounting estimates (1)
change in accounting policy (7)
change in accounting policy FRS 140 (1)
change in financial year end (1)
change in principal activities (1)
change in valuation of inventories (1)
change of comparative figures (1)
change of financial year end (2)
change of name (1)
classification of expenses by function (1)
classification of expenses by nature (1)
classification of investment property (1)
Classification of Loan where lender has repayment on demand clause (1)
Companies Act 1965 (1)
comparative figures (1)
compensation received (1)
component of cash and cash equivalents (1)
compound interest (1)
computer software (2)
concession contracts (1)
consolidation (1)
Consolidation of SPE (1)
construction contracts (2)
contigent asset (1)
contingent assets (1)
contingent liabilities (1)
continuing operations (1)
contract accounting (1)
controler of housing (1)
corporate guarantees (1)
correction of prior year error (1)
cost model (1)
cost of goods sold (1)
cost of sales (1)
coterminous financial year end (1)
court order reduce share premium (1)
Court order to write off goodwill against share premium (1)
credits (4)
criteria in making judgement whether property qualify (1)
critical judgement in applying accounting policies (2)
debits (4)
deductibility of entertainment expenses (1)
deemed interest in shares (1)
default of loan (1)
deferred tax (4)
deferred tax assets (2)
deferred tax liabilities (2)
deferred taxation (2)
defined benefit plan (1)
defined contribution plan (1)
depreciation (2)
depreciation charges (1)
depreciation of motor vehicle (1)
depreciation treatment on change of measurement basis of asset (1)
derivative financial instrument (1)
determination of tax rates (1)
development expenditure (1)
difference between investment and fixed assets (1)
diluted earnings per share (2)
director tax treatment (1)
directors' interest in shares (1)
directors' report (5)
directors' responsibility statement (1)
disclaimer opinion (5)
disclosure of contingent asset (1)
discontinued operation (2)
discontinued operations (3)
disposal group (2)
disposal of assets (1)
disposal of property (1)
disposal of subsidiary (2)
distributable reserves (2)
dividend declaration (1)
dividend imputation (1)
dividend income (1)
dividend income recognition (2)
dividend yield method (1)
dividends (2)
double entry (4)
double entry dividend (1)
double entry of revenue expenditure (1)
Early Adoption FRS 4 Insurance Contracts (1)
early adoption of accounting standards (1)
early adoption of FRS 123 (1)
earnings method (1)
earnings per share (1)
economic entity (1)
effect of acquisition on cash flow (1)
effect of acquisition on financial position (1)
effect of acquisition on financial results (1)
effect of adopting FRS 7 (1)
effect of adopting FRS139 (1)
effect of GST (3)
effect of impairment (1)
effect of remeasurement of assets disposal group (1)
effective interest (1)
employee benefit (2)
employee benefits (1)
Employee Equity Benefits (1)
Employee Equity Compensation (1)
employee retirement plan (1)
employees' share option scheme (1)
entertainment tax deduction (1)
EPS (1)
equity (5)
equity instrument (1)
ESOS (5)
ESOS reserve (1)
example of accounting policy biological assets (1)
example of cash flow statement (1)
example of income statement (2)
example of tax deductible entertainment expenses (1)
examples of capital expenditure (2)
examples of revenue expenditure (2)
except for opinion (1)
expenses allowed to be written off against share premium (1)
extract of balance sheet (1)
fair value of land and building elements (1)
FIFO LIFO Weighted Average (1)
FIFO method (1)
final dividend (2)
financial asset model (1)
Financial guarantess (1)
financial instruments (2)
financial instruments at fair value and tax effect (1)
financial mathematics (1)
financial results (2)
financial results continuing discontinued operations (1)
financial year end does not coincide (1)
fixed assets (1)
fixed assets useful life (1)
fixed deposits pledged (1)
foreign currency transactions (1)
foreign operations (1)
forest replanting expenditure (1)
forrest logging income (1)
free accounting lessons (23)
FRS 107 Cash Flow Statements (1)
FRS 108 (1)
FRS 116 (2)
FRS 117 (1)
FRS 118 Revenue (1)
FRS 119 (1)
FRS 123 (1)
FRS 123 Borrowing Costs (1)
FRS 138 (1)
FRS 139 (2)
FRS 139 tax effect (1)
FRS 2 Share Based Payment (1)
FRS 3 Business Combinations (1)
FRS 4 (2)
FRS 5 (2)
FRS 8 (1)
FRS 8 Operating Segments (3)
FRSIC Consensus 7 (1)
FRSIC 10 (1)
FRSIC 8 (1)
FRSIC Consensus 11 (1)
FRSIC Consensus 14 (1)
FRSIC Consensus 15 (1)
FRSIC Consensus 4 (1)
FRSIC Consensus 6 (1)
FRSIC Consensus 9 (1)
FRSs (1)
functional currency (1)
gain or loss on disposal of assets (1)
general journals (1)
general ledger (2)
going concern issue (3)
going concern problem (1)
goods and services tax (3)
goodwill (1)
goodwill on associated companies (2)
GST (3)
GST compliance (2)
GST requirments (2)
guanrantees given for subsidiaries and associates (1)
guarantees provided for no compensation (1)
HDA accounts (1)
HDA accounts withdrawals and deposits (1)
housing developer (1)
Housing Developers (Control of Licensing) Act 1966 (1)
Housing development accounts (1)
how to cut entertainment tax (1)
IAS 41 Agriculture (1)
IC Interpretation 112 Consolidation Special Purpose Entities (1)
IC Interpretation 12 Service Concession Arrangements (1)
IFRS 2 (1)
IFRS 4 (1)
impact of adoption IC Interpretation 12 (1)
impairment loss (1)
impairment of assets (1)
impairment of goodwill (3)
Impairment of investment in equity instrument (1)
impairment of investment in subsidiaries (1)
implementation of GST (3)
income statement (6)
income statement continuing and discontinued operations (1)
income tax (1)
Income tax malaysia (1)
income tax on directors (1)
income taxes (1)
increase in authorised share capital (1)
increase in paid up capital (1)
industrial eperating rights (1)
insurance contracts (1)
insurance liabilities (1)
insurance risks (1)
intangible asset model (1)
intangible assets (5)
intangible assets timber rights (1)
intangible assets trademarks (1)
interest bearing borrowings (1)
interest bearing loans and borrowings (1)
interest expense (1)
interest income (3)
interest income recognition (2)
interim dividend (2)
inventories (2)
inventories written down (1)
inventory (1)
Investment in associates (1)
investment in subsidiary (2)
investment in subsudiaries (1)
investment properties (2)
Investment Property change in policy (1)
issue of shares (2)
item of unusual in nature (2)
jointly controlled entities (1)
Judgement to determine deferred tax assets (1)
judgement to determine impairment of goodwill (1)
Key challenges insurers need to consider (1)
key principles of FRS 4 (1)
key sources of estimation uncertainty (2)
laibilities (5)
land held for development (2)
landscaping and maintenance work (1)
lease of buildings (1)
lease of land (1)
leasehold land own use (1)
LIFO method (1)
lifting of PN 17 status (1)
liquidated damages (1)
listing expenses (1)
loans double entry (1)
logging income (1)
long term receivables (1)
loss of assets (1)
loss on damaged inventories (1)
Malaysia Estate Owners Association MEOA (1)
MASB ED 50 (1)
measurement of contract stage of completion (1)
measurement of financial instruments (1)
merger deficit (1)
method to catch tax cheats (1)
methods of allocating minimum lease payments between land and building (1)
mixed model (1)
monority interest (1)
MSC status company (1)
nominal interest (1)
Non current assets held for sale (2)
non distributable reserves (2)
note on adoption of new accounting standard (1)
note on associated companies (1)
note on capital commitments (2)
Note on change of comparatives (1)
note on contingent asset (1)
note on discontinued operations (1)
note on dividends (1)
note on earnings per share (1)
note on EPS (1)
note on goodwill (1)
note on provisions (1)
note on realised and unrealised profits (1)
note on unrecognised deferred tax liability (1)
notes to accounts (1)
notes to the accounts (35)
notes to the financial statements (24)
notes to the financial statments (3)
notes to the financila statements (1)
Oil Palm Industry (1)
oil palm inventories policy (1)
omission of interim dividend (1)
operating lease commitments (1)
operating segments (2)
other income (5)
other investments (1)
other non current investments (1)
paid up capital (1)
Palm Oil Tax (1)
Para 46 FRS 112 (1)
Para 47 FRS 112 (1)
Para 51 FRS 112 (1)
para 52 FRS 3 (1)
para 69 FRS 101 (1)
para 73 FRS 101 (1)
Parnership accounts (1)
partnership (1)
payment for reverse takeover (1)
PE multiples (1)
PE ratios (1)
periodic method (2)
perpetual method (2)
PERSs (1)
pioneer status (1)
Plantation development expenditure (1)
plantation deveopment expenditure (1)
PN 17 companies (1)
PN 17 disclosure (1)
policyholders (1)
post balance sheet event (3)
post employment benefits (1)
povision for guaranteed rental returns (1)
PPE excel template (1)
PPE Note (1)
PPE template (1)
premium paid to acquire listing status (1)
prepayment (1)
present value of defined benefit plan (1)
presentation currency (1)
principal activities (2)
prior year adjustment on depreciation (1)
prior year adjustments (1)
private limited company (1)
proceeds from disposal of assets (1)
product development expenditure (1)
profiteering of GST (1)
project management fees (1)
project management fees recognition (1)
property construction in progress (1)
property development (2)
property development costs (3)
property held for sale disclosure (1)
property plant and equipment (4)
property plant equipment (1)
proportion of contract costs as work performed (1)
provision for liabilities (2)
provision for liquidated ascertained damages (1)
provision for marketing (1)
provision for termination benefits (1)
provisions (2)
purchases (1)
purchases cycle (1)
purchases day book (1)
qualified auditors' report (2)
qualified opinion (3)
qualified subsidiaries report (1)
real property company (3)
Real Property Gains Tax (3)
recharge of ESOS granted to employees of subsidiary (1)
recognising revenue from uncompleted voyages (1)
recording inventories (1)
recording of bank borrowings (1)
recording of loans (1)
recording of rental deposits (1)
recording of utility deposits (1)
recording stocks (1)
reduction of share premium (1)
reinsurance contracts (1)
rental deposits double entry (1)
rental income (1)
rental income recognition (2)
replanting expenditure (1)
research and development expenditure (1)
reserves (2)
restricted cash (1)
restructuring costs (1)
retrospective adjustment on depreciation (1)
revaluation (1)
revaluation model (1)
revaluation of biological assets (1)
revenue expenditure (2)
revenue from incomplete services of liner voyages (1)
revenue from logging (1)
revenue from shipping freight (1)
revenue recognition (8)
revenue recognition policy (2)
reverse takeovers (1)
review of useful life and residual values (1)
review of useful life intangible assets (1)
revolving credit (1)
RPGT (3)
S169(15) (1)
S169(16) (1)
sale of goods (2)
sale of goods recognition (2)
sales cycle (1)
sales day book (1)
sales of goods (1)
sample accounting policy (12)
sample accounting policy disclosure of subsidiaries and (1)
sample auditors' report (12)
sample auditors' report pursuant to Section 17 (2)(b) of the Building and Common Property (Maintenance and Management) Act 2007 (1)
sample auditors' report Regulation 12A THE HOUSING DEVELOPER (HDA) REGULATIONS (1)
sample cash flow statement (1)
sample directors' report (1)
sample disclosure (18)
sample disclosure in directors' report (12)
sample disclosure in directors' reprot (2)
Sample Disclosure in Financial Statements (59)
sample disclosure of accounting policy (16)
sample disclosure of change in accounting policy (2)
sample disclosure of change of financial year end (1)
sample disclosure of disclaimer opinion (2)
sample disclosure of financial instruments (3)
sample disclosure of impairment of assets (1)
sample disclosure of intangible assets (1)
sample disclosure of inventories (1)
sample disclosure of investment properties (1)
sample disclosure of property plant and equipment (1)
sample disclsoure (4)
sample financial statements (3)
sample income statement (2)
sample notes to the financial statements (2)
Sample Partnership Balance Sheet (1)
Sample Partnership Changes In Equity (1)
Sample Partnership Income Statement (1)
sample reports and financial statements (2)
sample statement by directors (1)
sample statement of changes in equity (2)
sample statutory declaration (1)
section 108 tax credit (1)
Section 134(12)(c) of the Companies Act 1965 (1)
section 168(3) companies act 1965 (1)
section 60 Companies Act Malaysia (1)
Section 64 Companies Act Malaysia (1)
segmental reporting (3)
Segmmental Information (1)
Self-generating And Regenerating Assets (SGARAs) (1)
seperate entity concept (1)
services rendered (1)
set off special reserve against goodwill (1)
settlement of debts (1)
share based compensation (2)
Share based employee benefits (1)
share capital (2)
share premium (1)
Share premium account (1)
share valuation method (1)
share valuation of unquoted companies (1)
short term benefits (2)
significant event (2)
significant event subsequent to balance sheet date (4)
significant influence (2)
significant or prolonged decline in fair value (1)
significant subsequent event (3)
simple interest (1)
single tier system (1)
Single Tier Tax Sytem (1)
small and medium businesses (1)
small business (9)
SMEs (1)
smple auditors' report for housing deveoper (1)
sole proprietorship (1)
Special Purpose Entities (1)
special reserve (1)
statement by directors (1)
statement of changes in equity (1)
statutory declaration (1)
stocks (1)
subsequent event (1)
subsidiaries (2)
subsidiary (1)
subsidiary companies (1)
subsidiary financial year end (1)
subsidiary with different financial year end (1)
subsidiay companies (1)
survey of work done (1)
tax base (1)
tax evasion (1)
tax holiday (1)
tax on disposal of property (3)
tax on palm oil (1)
tax on perquisites (1)
tax on SMEs (1)
temporary differences (3)
termination benefits (2)
timber rights accounting (1)
trade payables (1)
trade receivables (1)
trademarks accounting (1)
transactions (3)
transfer pricing (1)
Transition form section 108 tax credit to single tier system (1)
trial balance (1)
unabsorbed tax losses (1)
unqualified opinion (1)
unusual items (1)
utility deposits double entry (1)
valuation of free warrants (1)
value in use calculations (1)
warrants (1)
warrants reserve (1)
Weighted Average method (1)
weighted average to FIFO method (1)
what is an insurance contract (1)
what is cash book (2)
what is inventory (1)
what is stock (1)
WINDFALL PROFIT LEVY ACT 1998 (1)
Wndfall Tax (1)
write off goodwill against reserves (1)
year end conincide with holding company (1)

Tips For New Bloggers

BlogCatalog