| 20.06.2011 - Malaysia: Property development industry not yet ready for new accounting practice |
| The property development industry is not yet ready for a new accounting practice that recognises revenue based on project completion, said Real Estate and Housing Developers' Association Malaysia (Rehda) president Datuk Seri Michael Yam. Yam has suggested a delay in the new ruling under the International Financial Reporting Interpretations Committee (IFRIC) 15, which is to be implemented on Jan 1, 2012..............................................Full Article: Source |