MFRS 18 ‘Presentation and Disclosure in Financial Statements’ was issued by the Malaysian Accounting Standards Board (MASB) in June 2024. MFRS 18 replaces MFRS 107 ‘Presentation of Financial Statements’ for annual reporting periods beginning on or after 1 January 2027.
Our ‘Get ready for MFRS 18’ publication goes into more detail, setting out a high-level overview of MFRS 18’s new requirements, along with practical insights into the application challenges. Upcoming publications in this series will provide insights into MFRS 18’s requirements as well as issues emerging in practice.
This publication provides a concise snapshot of MFRS 18’s key requirements and will cover the following:
- MFRS 18’s transition requirements
- Reconstruction of the statement of profit or loss
- Mandatory disclosures for management-defined performance measures (MPMs)
- Aggregation and disaggregation of information in the financial statements
- Consequential amendments to other MFRS Accounting Standards
How we can help
We hope you find the information in this article helpful in giving you some insight into MFRS 18. If you would like to discuss any of the points raised, please do not hesitate to contact us.
