Financial Reporting Analysis: MASB 1 and FRS 101 Compliance Report

This report provides an analysis of the financial reports of AHB Holdings Berhad and Astino Berhad, focusing on their compliance with Malaysian Accounting Standards Board (MASB) 1 and Financial Reporting Standard (FRS) 101. The introduction outlines the assignment's objective, which is to evaluate the disclosure requirements of the companies. The report then offers an overview of both companies, detailing their business operations and financial performance, including net profit and cash flow data. A detailed explanation of MASB 1 and FRS 101 follows, highlighting their key provisions and disclosure requirements. The core of the report involves a thorough examination of the financial reports of both AHB Holdings Berhad and Astino Berhad, assessing their adherence to the standards. The analysis covers the companies' adoption of MFRS 101 and the relevant amendments, along with the disclosure of financial instruments and group structures. The conclusion summarizes the findings, stating that both companies consistently follow the reporting standards related to disclosure initiatives, as evidenced by their financial statements. The report also references several academic sources used in the analysis.