DOI: 10.5176/2251-1997_AF-90
Authors: Normawati Non, Zakiah Saleh, Nurmazilah Mahzan
Abstract:
This study looks into the awareness of the importance of intangible assets in public listed companies on Bursa Malaysia. The findings of this study reveal that whilst there is growing concern in nurturing intangible assets for future economic benefits, the level of compliance with the Malaysian accounting standard, Financial Reporting Standard (FRS) 138 is still low compared to other developed countries. Also, there is increasing interest in disclosing voluntary information on intangibles but most of the disclosures made concentrate on the performance results with less attention paid on the implementation stage of innovation. This indicates that the current effort in appreciating intangible assets is not enough and that a proper regulatory framework is required as guidance on what and how much information to disclose.
Keywords: IAS 38, intangible assets, compliance, voluntary disclosures, Malaysian public listed companies
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