A practical approach to the implementation of MPERS - Johor Bahru (29&30-Jan-2016)

For REP’s, Member staff and Group (3+) registrations, complete & email registration form to cpd.malays ia@cpaaustralia.com.au

Download brochure & registration form


The MPERS is a set of national accounting standards for private entities which is based on the IFRS for SMEs issued by the International Accounting Standards Board (IASB) in 2009. The MPERS is effective for private entities with financial period beginning on or after 1 January 2016.

The MPERS, which is based on the IFRS for SMEs is over 250 pages in total comprising of 35 sections. It includes several sections which involve the application of fair value and present value accounting techniques e.g. introduction of accounting for financial instruments. 

In addition, the IFRS for SMEs has been amended and MASB will adopt these amendments effective 1 January 2017.

It would be a very challenging task for accountants, due to time constraints, to go through the whole set of documents, understand it and be able to apply the requirements correctly and completely. In addition, the requirements of first time adoption is both complicated and onerous.

Comparison of the PERS and the following MPERS section:

Section 1    Private entities
Section 3    Financial statement presentation
Section 4    Statement of financial position
Section 5    Statement of comprehensive income
Section 6    Statement of changes in equity
Section 8    Notes to the financial statements
Section 9    Consolidated and separate financial statements
Section 19    Business combination & goodwill
Section 11    Basic financial instruments
Section 12    Other financial instruments issues
Section 16    Investment property
Section 13    Inventories
Section 14    Investments in associates
Section 15    Investments in joint ventures
Section 17    Property, plant & equipment
Section 18    Intangibles other than goodwill
Section 23    Revenue
Section 25    Borrowing costs
Section 30    Foreign currency translation
Section 33    Related parties
Section 35    Transition to MPERS


Learning objectives

This workshop aims to provide a practical approach highlighting the major sections in the MPERS with emphasis on the major differences between the MPERS and PERS. This is to provide a quick summary for the companies affected by the MPERS to fully understand the financial impact and how to plan for the subsequent implementation and transition from PERS to MPERS.

A comprehensive discussion of the above comparison between PERS and MPERS. Extensive use of illustrative examples of financial statements will be used to increase understanding of differences between PERS and the MPERS. An illustrative set of the financial statements prepared specifically in compliance with the MPERS will be used to enhance a clearer understanding of the practical implementation of the standard.

Ms Lim Geok Heng
Geok Heng is a Fellow member of the Association of Chartered Certified Accountants and a Chartered Accountant of the Malaysian Institute of Accountants. She is also a Certified Professional Trainer (CPT, IPMA, UK).

She has over 32 years experience in areas comprising auditing, financial accounting, treasury functions, education and training. Her most recent past appointments include the positions of Chief Technical and Training Officer of a medium-sized accounting firm, Training Manager of Ernst & Young, Lecturer in Sunway University College and Senior Lecturer in Tunku Abdul Rahman College.

She speaks on MASB Reporting Standards and accounting and audit issues regularly throughout Malaysia for CPA Australia, ACCA, CIMA, MAICSA, MIA and MICPA.


Accountants, finance managers, financial controllers, auditors, CFOs, Finance directors and anyone who wanted to know about MPERS updates.

2 day