Monday, December 17, 2018
What is MPERS ?
MPERS is the Malaysian Private Entity reporting Standard. It is a subset of the larger International Financial Reporting Standard (IFRS). Every company will provide financial reports like profit and loss, balance sheet, cash flow, and other reports. The question is whether the reports are based on the same things. If every company defines the meaning of the various transactions and reports exactly the same, then the report can be correctly compared. The MPERS made this possible. If one compares the financial report of company A and company B, and both comply to MPERS, the likelihood of us comparing the right numbers is good. It will become a meaningful comparison.
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