Examining The Value Relevance of Biological Assets and Their Fair Value Change in Malaysia

The Malaysian Financial Reporting Standard 141 (MFRS 141) on agriculture requires all companies to measure their biological assets based fair value less cost sell. Some researchers argue that values of are not reliable and relevant whereas the others suggest they relevant. purpose this study is investigate relevance change in Malaysia, as measured accordance with MFRS 141. Specifically, investigation looked into whether or changes over time market value. In particular, concentrated assessing have a substantial influence sample for made agriculturally-related had shares listed public stock exchange Malaysia between 2018 2020. research project was carried out Malaysia. conducted manner adhered technique Ohlson (1995) recommended. It revealed asset established by using both major factors play role process determining results lead conclusion adoption - Agricultural resulted an improvement quality financial reporting Future studies should include from ASEAN, Asia developed countries so can be generalised.