A comparative analysis of accounting standards between Singapore and Malaysia.

• Main Authors: Cheong, Kah Yee., Goh, Pei Pei., Ong, Bee Leng.
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Business::Accounting
• Online Access: http://hdl.handle.net/10356/51208
• Institution: Nanyang Technological University

Foreign direct investments are very important to the Singapore economy. As businesses in Singapore expand globally, an understanding of the accounting standards in other countries is essential. Malaysia is selected for comparison with Singapore because of the close economic ties between the two countries. Many investors have the wrong perception that financial reporting in Singapore and Malaysia is identical since both historically have been subjected to strong British influence. This report aims to pinpoint the differences between the accounting standards of Singapore and Malaysia, which should help financial statement users and preparers to obtain better insights into the accounting standards in Malaysia.