Background

The purpose of this assignment is to further develop students critical understanding of the financial reporting issues of an entitys specific transactions. Students are required to research applicable accounting regulations and academic literature in order to evaluate the unique reporti0ng issues for the reporting entity. The development of accounting standards for financial instruments has been controversial. A major issue has been around the categorization of financial instruments at initial recognition, and the subsequent effects on companys financial position and performance outcome. In this assignment, you are required to examine the technical content of Maybank Berhads financial reports for the years 2017 and 2019, that is, prior to implementation of IFRS (MFRS) 9 and after implementation of the new standard which was enforced in January 2018.

Required:

1) Identify and explain, if and how the new changes introduced by the standards can prevent

(or resolve) the problems (financials) inherent within the banking industry. .

In your answer, you must reference relevant paragraphs from accounting standards,

together with supporting technical references (Hint: Technical references are the actual

paragraphs from the relevant accounting standards);