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this standard in accounting for borrowing costs. However, an entity need not to adopt this standards for those borrowing costs that directly attributable to the acquisition, construction or production of qualifying assets which are measured according to fair value and inventories that are manufactured. FRS123 is consistent with IAS23

FRS 136 Impairment of assets:
This standard should be adopted while preparing account for impairment loss of assets. However it is not applied in inventories, assets from construction contracts, deferred tax assets, assets from employee benefits, assets used for financial instrument, investment property at fair value and so on. FRS 136 is complied with IAS 36.

FRS 138 Intangible assets:
This standards should be apply in accounting preparation for intangible assets except intangible assets that are within the scope of another standard, financial assets which is a financial instrument, recognition and measurement of exploration and evaluation, and expenditure on the development of minerals industry. FRs138 is consistent with IAS 38 except the prohibition of the initial recognition of government grant at nominal value.

FRS 140 Investment property:
The recognition, measurement and disclosure of investment property of an entity in Malysia must be based on requirements under this standard. Yet, this standard does not applied in biological assets from cultural activities and assets used in mineral and natural resources extracting activities. FRS 140 is complied with IAS 40 except the accounting treatment of those entities which has recognised its investment properties based on MASB Approved Standards IAS 16 and has utilized themselves in the transitional provision in that standards.

5.0 合并账目Consolidated accounts
In Malaysia, parents companies with subsidiaries are required to prepare consolidated financial statements in respect of a group based on uniform accounting policies under FRS127. Consolidation of a subsidiary take placed from the date when the parents company buy over the subsidiary. After the acquisition, parent company may have power to control the financial and operating policies of the subsidiary and this power is suspended when the parents company lost control towards the subsidiary. If a losses of control occurred, they should derecognises the assets and liabilities of the subsidiary from the consolidated accounts, recognises any investment retained in the subsidiary at fair value as well as the gain or loss related with the loss of control adscription to the former controlling interest. Thus, the purpose of consolidated statement is to show the effect as if the parent and the subsidiaries are one entity. If the subsidiary is not fully control by the parents company, non-controlling interests should be presented in the consolidated statement of financial position under equity but separately from the equity of the owners of the parent. (MASB,2011). Generally, FRS 127 is consistent with IAS 27 except that FRS 127 explained that in order for a parent company to be exempted from presenting consolidated financial statements, other intermediate parents company are required to be incorporated in Malaysia.

6.0 外币折算Foreign currency translation
To remain competitive in the market or increase market share, many businesses in Malaysia may deal with overseas supplier and customer or even have a subsidiar