Accounting and Finance Report, UM, Malaysia You are to choose an audited annual report of listed companies in Bursa Malaysia

QUESTION 2

2.1 This is an analysis of the annual report assignment. You are to choose an audited annual report of listed companies in Bursa Malaysia.

2.2 Discuss the statement below.

You are to provide evidences from the chosen annual report. “The pandemic covid-19 had impact to the business environment in Malaysia and globally. The coronavirus or COVID-19 outbreak, which is said to have originated at a wet market in Wuhan, China, has spread all over the world like lightning and was categorised as a pandemic by the World Health Organisation (WHO) on March 11. Although the MCO compliance stands at 95 percent, case numbers and deaths are continuing to rise.

The COVID-19 pandemic will certainly have an impact on the global economy, including Malaysia’s. COVID-19 has shocked the world economic structure which is now in a state of uncertainty.

Recently, the International Monetary Fund announced that the pandemic will cause a global recession this year which could be worse than the one triggered by the subprime mortgage crisis of 2008. The latter was caused by the contraction of liquidity in the banking system in the United States after its real estate bubble burst.” Source:

2.3 Explain the presentations and disclosures of MFRS133 and MFRS134 in the statements of financial statements. Kindly share with us the link where the report is taken for us to refer and the explanation should be in detail:

Answer

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