PAF3043 Financial Accounting Assignment UPSI Malaysia The introduction of the Malaysian Private Entities Reporting Standard (MPERS) in January 2016 is timely and vital

University Universiti Pendidikan Sultan Idris (UPSI)
Subject PAF3043: Financial Accounting


The introduction of the Malaysian Private Entities Reporting Standard (MPERS) in January 2016 is timely and vital. MPERS gives increasing prominence to local private entities and small and medium-sized enterprises (SMEs) in the regional and global markets. In other words, MPERS is to prepare local private companies for globalization as well as the challenges that come with it.

Thus, the objective of a Malaysian Private Entities Reporting Standard (MPERS) is to provide information about the entity’s financial position, performance, and cash flows that is useful for economic decision-making by a wide range of users who are unable to request reports tailored to their specific information needs. In preparing the financial position, MPERS adoption will be represented by presentation and disclosure, going concerned, and consistency.


  1. Explain the application of going concern principles in the presentation of financial statements in accordance with MPERS requirements stated in MPERS Sections 3.8 and 3.9.
  2. Briefly explain the recognition of financial assets and liabilities (with two examples each) in accordance with MPERS requirements.
  3. Computation of cost or value for assets and liabilities may be different between accounting computation and tax authority computation which may derive to temporary or permanent differences. Temporary differences are differences between the carrying amount of an asset or liability in the statement of financial position and its tax base.
  4. Illustrate five (5) examples of situations in which temporary differences may arise in accordance with MPERS.

Get Solution of this Assessment. Hire Experts to solve this assignment for you Before Deadline.

Get Help By Expert is the top online writing service provider in Malaysia that provides quality PAF3043 Financial Accounting assignment help for UPSI students. We provide comprehensive solutions to all your academic needs, from providing essay help to proofreading and formatting your papers. Our experienced team of writers can help you craft an original paper that meets the highest academic standards.


Recent Solved Questions

Online Exam & Assignment Writing Services

70841+ Orders Delivered

5 Star Rating

Confidential & Secure Assignment Help For

Group Assignment Help

Online Exam -Test & Quiz

Cheapest Price Quote

Diploma & Certificate Levels

Semester & FYP Papers

Summative & Individual

GBA & Reflective

Last Minute Assistance

Sample Assignment Download

OBM301 Information And Research Skills For Office Professionals Assignment Answers Malaysia
OBM301 Information And Research Skills For Office Professionals course expose participants to the important skills of information and research which are critical for all office professionals. The course is designed…
LAW245 Malaysian Legal System Assignment Answer Malaysia
LAW245 Malaysian Legal System is an introductory course that provides students with a basic understanding of the Malaysian legal system. The course covers a wide range of topics, including the…


Instant Paper Writing Services by Native Malaysia Writers

Plagiarism Free Solutions
100% Original Work
24*7 Online Assistance
Native PhD Experts
Hire a Writer Now