The article summarises the proposal by IASB on a new standard to simplify the disclosures requirements for subsidiaries without public accountability.
The article compares the requirements for provisions, contingent liabilities and contingent assets under MPSAS 19, MFRS 137 and Section 21 of MPERS.
Understand the differences on how preparers account for agriculture activity between MPSAS 27, MFRS 141 and Section 34 of MPERS.
The article provides a comparison on the financial reporting requirements for investment property under MPSAS 16, MFRS 140 and Section 16 of MPERS.
The article provides a comparison on the accounting treatment for property, plant and equipment under MPSAS 17, MFRS 116 and Section 17 of MPERS.
A comparison of the financial reporting requirements in MPSAS, MFRS and MPERS relating to the presentation of financial statements.
The article discusses the significant differences on the accounting requirements for employee benefits under MPSAS 25, MFRS 119 and Section 28 of MPERS.
Lets understand how entities account for defined benefit plans given to employees as part of their post-employment benefits.
Understand how entities should account for their employee benefits. The accounting for short-term benefits are rather straight-forward. Entities should focus on the accounting for the tricker part – post-employment benefits.
Understand the principles in fair value measurement of assets and liabilities in this article. It also provides readers with the summary of the required disclosures relating to fair value of assets and liabilities.