TOPIC 5 - MFRS 119,MFRS 126

Suggested format of report:

1.Introduction - a brief overview of what is MFRS 119,MFRS 126 & MFRS 112, recent updates on the standard.

2.Content

Element of standard - explanation what constitutes the element of control.

Minimum 3 discussions of situations where elements of control may exist in an implicit way.

Extra marks will give for report that attach with the case study or sample company that applied that standard in their cannual report.

3.Analysis on why MFRS 119,MFRS 126 & MFRS 112, is an important standard in the ever changing business environment.