MFRS 9 Financial Instruments was issued by the Malaysian Accounting Standards Board on 17 November 2014. MFRS 9 will be effective for financial period beginning on or after 1 January 2018 with early application permitted. (https://www.pwc.com/my/en/assets/publications/alert123-mfrs9.pdf)

MFRS 9 will bring fundamental change to financial instrument accounting when it replaces the existing accounting standard, MFRS 139 Financial Instruments: Recognition and Measurement.

Entities reporting financial instruments will need to make several decisions and choices in relation to the transition to the new standard. Many businesses, especially banks and other financial institutions, will be affected by the implementation of the new standard.

7-eleven company listed in Bursa Malaysia.

Link : (https://www.bursamalaysia.com/trade/trading_resources/listing_directory/main_market).

You are required to prepare a REPORT to evaluate and comment on information regarding financial instrument provided in the annual report of a company listed on the Bursa Malaysia.

Your comments or evaluation should comply with the requirements of relevant MFRS.

Part A

Discuss the measurement of financial instruments in 7-eleven company in according to related to relevant MFRS. Based on annual report 2019 .(10 Marks)

Part B

Discuss the potential impact of the adoption of new MFRS 9. The discussion must be supported by relevant academic journal/article. (20 Marks)