Abdul Jabar, Ja’izah and Mohamed, Arun (2015) The practices of fair value reporting on investment property in Malaysia. In: International Conference on Accounting Studies (ICAS) 2015, Aug 17-20, 2015, Thistle Johor Bahru Hotel, Johor, MALAYSIA.

Preview

PDF Download (451kB) | Preview

Abstract

The adoption of FRS 140 Investment Property has introduced the application of fair value accounting for non financial assets for the first time. However, the decision to allow such options appears to be contentiously debated as fair value measurement is not easily determined.Accordingly, this study examines the value relevance of fair value accounting which embraced under the accounting standard FRS 140 in the context of Malaysia.The finding supports the view that lack of explanation on fair value, disclosing outdated fair value and high measurement error lead to the perception of investors do not distinguish the value of companies just based on the fair value information. However, model of measurement and source of valuation is perceived differently by investors in setting the share price of companies. Surprisingly, there is no significant difference between valuations of investment property fair value either conducted by directors or independent valuers.

Item Type:	Conference or Workshop Item (Paper)
Additional Information:	ISBN 978-967-0910-09-3 Organized by: School of Accountancy, Universiti Utara Malaysia
Uncontrolled Keywords:	FRS 140; Investment Property; investment property practice disclosure; fair value
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	13 Mar 2016 03:00
Last Modified:	12 Apr 2016 03:17
URI:	https://repo.uum.edu.my/id/eprint/17548

Actions (login required)

View Item