Public Sector Accounting

Understand the financial reporting differences in relation to provisions, contingent liabilities and contingent assets under MPSAS 19, MFRS 137 and Section 21 of MPERS.

Provisions, Contingent Liabilities and Contingent Assets: Comparison between MPSAS 19, MFRS 137 and Section 21 of MPERS

by THEACCSENSE August 13, 2021January 2, 2023

The article compares the requirements for provisions, contingent liabilities and contingent assets under MPSAS 19, MFRS 137 and Section 21 of MPERS.

Financial Accounting

Agriculture: Comparison between MPSAS 27, MFRS 141 and Section 34 of MPERS

by THEACCSENSE August 6, 2021January 2, 2023

Understand the differences on how preparers account for agriculture activity between MPSAS 27, MFRS 141 and Section 34 of MPERS.

Understand the comparison of the financial reporting requirements for investment property under MPSAS 16, MFRS 140 and Section 16 of MPERS.

Financial Accounting

Investment Property: Comparison between MPSAS 16, MFRS 140 and Section 16 of MPERS

by THEACCSENSE August 5, 2021January 2, 2023

The article provides a comparison on the financial reporting requirements for investment property under MPSAS 16, MFRS 140 and Section 16 of MPERS.

Understand the comparison of the financial reporting requirements for property, plant and equipment under MPSAS 17, MFRS 116 and Section 17 of MPERS.

Financial Accounting

Property, Plant and Equipment: Comparison between MPSAS 17, MFRS 116 and Section 17 of MPERS

by THEACCSENSE August 4, 2021January 2, 2023

The article provides a comparison on the accounting treatment for property, plant and equipment under MPSAS 17, MFRS 116 and Section 17 of MPERS.

Understand the differences on the presentation of financial statements under MPSAS, MFRS and MPERS.

Financial Accounting

Presentation of Financial Statements: Comparison between MPSAS, MFRS and MPERS

by THEACCSENSE July 29, 2021January 2, 2023

A comparison of the financial reporting requirements in MPSAS, MFRS and MPERS relating to the presentation of financial statements.

Understand the significant differences on the accounting for employee benefits under MPSAS 25, MFRS 119 and Section 28 of MPERS.

Financial Accounting

Employee Benefits: Comparison between MPSAS 25, MFRS 119 and Section 28 of MPERS

by THEACCSENSE July 21, 2021January 2, 2023

The article discusses the significant differences on the accounting requirements for employee benefits under MPSAS 25, MFRS 119 and Section 28 of MPERS.

Financial Accounting

Transition to MPSAS: Key focus in preparing your MPSAS financial statements

by THEACCSENSE June 12, 2021January 2, 2023

This article discusses the key focus for entities transition to MPSAS. It also touches on the information to be disclosed relating to the transition.

Financial Accounting

Inventories: Comparison between MPSAS 12, MFRS 102 and Section 13 of MPERS

by THEACCSENSE May 26, 2021January 2, 2023

This article discusses and compares the accounting treatment for inventories under MPSAS 12, MFRS 102 and Section 13 of MPERS. It highlights the main differences in the accounting treatment for inventories under the three standards. This article, however, will not cover the discussion on which entity will use which standard as this discussion. Instead, the […]