FAR570: The Malaysian Private Entities Reporting Standards issued by Malaysian Accounting Standards Board are applicable: Financial Accounting and Reporting 4 Assignment, UiTM, Malaysia

School

Universiti Teknologi MARA (UiTM)

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Assignment Type

Individual Assignment

Subject

FAR570: Financial Accounting and Reporting 4

Uploaded by Malaysia Assignment Help

Date

10/07/2023

Question 1

The Malaysian Private Entities Reporting Standards issued by Malaysian Accounting Standards Board are applicable to private entities in Malaysia. However, private entities shall comply with either MPERS or Malaysian Financial Reporting Standards in preparation of their financial statements. The objective of financial statements of private entities is to provide information about the financial position, performance, and cash flows of the entity that is useful for economic decision-making by a broad range of users.

Required:

  1. Discuss the measurement of deferred tax in accordance with MPERS.
  2. In accordance with MPERS, explain the measurement of the share-based payment transaction as follows:
    equity-settled
    cash-settled
  3. Briefly explain five (5) disclosures on defined benefit plans on employee benefits in accordance with MPERS.

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