# Malaysian Accounting Standards Index: MFRS and MPERS

> A maintained index of every MFRS Accounting Standard and every MPERS section — number, title, effective date, issue date, IFRS equivalent and superseding standard.

- Category: accounting
- Language: en
- Status: published
- Updated: 2026-07-20
- Canonical: https://negaraku.md/en/accounting/accounting-standards-index

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MASB publishes its standards as a set of separate PDF pages behind an acknowledgement
gate, with effective dates spread across several tables. This page flattens it.

Everything below is taken from MASB's own standards listing and is current as at
July 2026. Effective dates move — check MASB before you rely on one.

## The two frameworks

| | MFRS | MPERS |
| --- | --- | --- |
| Applies to | Entities other than private entities | Private entities |
| Derived from | IFRS Accounting Standards, adopted word for word | IFRS for SMEs Accounting Standard |
| Structure | Numbered standards | Numbered sections in one document |
| Current edition | Continuously amended | MPERS (2025), issued 10 October 2025 |
| Set by | MASB under the Financial Reporting Act 1997 | MASB |

## MFRS Accounting Standards

The IFRS equivalent is the same number for the MFRS series (MFRS 15 is IFRS 15) and
the corresponding IAS for the MFRS 1xx series (MFRS 101 is IAS 1, MFRS 137 is IAS 37).

| Standard | Title | Effective | Issued | Superseded or amended by |
| --- | --- | --- | --- | --- |
| MFRS 1 | First-time Adoption of Malaysian Financial Reporting Standards | 1 Jan 2012 | 19 Nov 2011 | MFRS 18, MFRS 19 |
| MFRS 2 | Share-based Payment | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 3 | Business Combinations | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 5 | Non-current Assets Held for Sale and Discontinued Operations | 1 Jan 2012 | 19 Nov 2011 | MFRS 18, MFRS 19 |
| MFRS 6 | Exploration for and Evaluation of Mineral Resources | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 7 | Financial Instruments: Disclosures | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 8 | Operating Segments | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 9 | Financial Instruments | 1 Jan 2018 | 17 Nov 2014 | MFRS 18 |
| MFRS 10 | Consolidated Financial Statements | 1 Jan 2013 | 19 Nov 2011 | MFRS 18 |
| MFRS 11 | Joint Arrangements | 1 Jan 2013 | 19 Nov 2011 | MFRS 18 |
| MFRS 12 | Disclosure of Interests in Other Entities | 1 Jan 2013 | 19 Nov 2011 | MFRS 18 |
| MFRS 13 | Fair Value Measurement | 1 Jan 2013 | 19 Nov 2011 | MFRS 18, MFRS 19 |
| MFRS 14 | Regulatory Deferral Accounts | 1 Jan 2016 | 11 Jul 2014 | MFRS 18 |
| MFRS 15 | Revenue from Contracts with Customers | 1 Jan 2018 | 2 Sep 2014 | MFRS 18 |
| MFRS 16 | Leases | 1 Jan 2019 | 15 Apr 2016 | MFRS 18 |
| MFRS 17 | Insurance Contracts | 1 Jan 2023 | 15 Aug 2017 | MFRS 18, MFRS 19 |
| MFRS 18 | Presentation and Disclosure in Financial Statements | **1 Jan 2027** | 14 Jun 2024 | MFRS 19 |
| MFRS 19 | Subsidiaries without Public Accountability: Disclosures | **1 Jan 2027** | 15 Jul 2024 | Amendments to MFRS 19 (10 Oct 2025) |
| MFRS 101 | Presentation of Financial Statements | 1 Jan 2012 | 19 Nov 2011 | **Superseded by MFRS 18 from 1 Jan 2027** |
| MFRS 102 | Inventories | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 107 | Statement of Cash Flows | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 108 | Accounting Policies, Changes in Accounting Estimates and Errors | 1 Jan 2012 | 19 Nov 2011 | **Retitled Basis of Preparation of Financial Statements by MFRS 18** |
| MFRS 110 | Events after the Reporting Period | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 112 | Income Taxes | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 116 | Property, Plant and Equipment | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 119 | Employee Benefits | 1 Jan 2013 | 19 Nov 2011 | MFRS 18 |
| MFRS 120 | Accounting for Government Grants and Disclosure of Government Assistance | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 121 | The Effects of Changes in Foreign Exchange Rates | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 123 | Borrowing Costs | 1 Jan 2012 | 19 Nov 2011 | — |
| MFRS 124 | Related Party Disclosures | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 126 | Accounting and Reporting by Retirement Benefit Plans | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 127 | Separate Financial Statements | 1 Jan 2013 | 19 Nov 2011 | MFRS 18 |
| MFRS 128 | Investments in Associates and Joint Ventures | 1 Jan 2013 | 19 Nov 2011 | MFRS 18 |
| MFRS 129 | Financial Reporting in Hyperinflationary Economies | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 132 | Financial Instruments: Presentation | 1 Jan 2012 | 19 Nov 2011 | MFRS 18, MFRS 19 |
| MFRS 133 | Earnings per Share | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 134 | Interim Financial Reporting | 1 Jan 2012 | 19 Nov 2011 | MFRS 18, MFRS 19 |
| MFRS 136 | Impairment of Assets | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 137 | Provisions, Contingent Liabilities and Contingent Assets | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 138 | Intangible Assets | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 139 | Financial Instruments: Recognition and Measurement | 1 Jan 2012 | 19 Nov 2011 | Superseded by MFRS 9 from 1 Jan 2018 |
| MFRS 140 | Investment Property | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |
| MFRS 141 | Agriculture | 1 Jan 2012 | 19 Nov 2011 | MFRS 18 |

There is no MFRS 4 in the current listing; insurance contracts sit in MFRS 17.

## Amendments with their own effective dates

| Amendment | Effective | Issued |
| --- | --- | --- |
| Deferred Tax related to Assets and Liabilities arising from a Single Transaction (MFRS 112) | 1 Jan 2023 | 30 Jun 2021 |
| Initial Application of MFRS 17 and MFRS 9 — Comparative Information (MFRS 17) | 1 Jan 2023 | 30 Dec 2021 |
| International Tax Reform — Pillar Two Model Rules (MFRS 112) | See MFRS 112 paragraph 98M | 2 Jun 2023 |
| Non-current Liabilities with Covenants (MFRS 101) | 1 Jan 2024 | 15 Dec 2022 |
| Lease Liability in a Sale and Leaseback (MFRS 16) | 1 Jan 2024 | 1 Nov 2022 |
| Supplier Finance Arrangements (MFRS 107 and MFRS 7) | 1 Jan 2024 | 30 Jun 2023 |
| Lack of Exchangeability (MFRS 121) | 1 Jan 2025 | 8 Sep 2023 |
| Amendments to the Classification and Measurement of Financial Instruments (MFRS 9 and MFRS 7) | 1 Jan 2026 | 15 Jul 2024 |
| Annual Improvements to MFRS Accounting Standards — Volume 11 | 1 Jan 2026 | 19 Sep 2024 |
| Contracts Referencing Nature-dependent Electricity (MFRS 9 and MFRS 7) | 1 Jan 2026 | 7 Feb 2025 |
| Amendments to MFRS 19 | 1 Jan 2027 | 10 Oct 2025 |
| Translation to a Hyperinflationary Presentation Currency (MFRS 121) | 1 Jan 2027 | 31 Dec 2025 |
| Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (MFRS 10 and MFRS 128) | **Deferred** | 17 Nov 2014, 31 Dec 2015 |
| Disclosures about Uncertainties in the Financial Statements | **No effective date** — illustrative examples only | 31 Dec 2025 |

Two entries in that table are frequently misreported. The **MFRS 10 and MFRS 128
sale or contribution amendments have been deferred indefinitely** and have no
effective date. The **December 2025 Disclosures about Uncertainties package amends
illustrative examples and guidance only** — it adds no requirements and therefore has
no effective date or transition provisions. MASB publishes two variants of those
examples: one for periods in which an entity applies MFRS 18, and one for periods
before it does.

## MPERS sections

MPERS (2025) keeps the 35-section architecture of MPERS (2016), but two section
numbers changed identity and several sections were substantively rewritten.

| Section | Title in MPERS (2025) | Change from MPERS (2016) |
| --- | --- | --- |
| 1 | Private Entities | Malaysian scope section |
| 2 | Concepts and Pervasive Principles | Substantively revised |
| 3 | Financial Statement Presentation | Targeted |
| 4 | Statement of Financial Position | Targeted |
| 5 | Statement of Comprehensive Income and Income Statement | Targeted |
| 6 | Statement of Changes in Equity and Statement of Income and Retained Earnings | Targeted |
| 7 | Statement of Cash Flows | Targeted |
| 8 | Notes to the Financial Statements | Targeted |
| 9 | Consolidated and Separate Financial Statements | Substantively revised |
| 10 | Accounting Policies, Estimates and Errors | Targeted |
| 11 | Financial Instruments | **Merged** — previously Basic Financial Instruments |
| 12 | Fair Value Measurement | **New** — previously Other Financial Instruments Issues |
| 13 | Inventories | Targeted |
| 14 | Investments in Associates | Targeted |
| 15 | Joint Arrangements | Retitled |
| 16 | Investment Property | Targeted |
| 17 | Property, Plant and Equipment | Targeted |
| 18 | Intangible Assets Other Than Goodwill | Targeted |
| 19 | Business Combinations and Goodwill | Substantively revised |
| 20 | Leases | Targeted |
| 21 | Provisions and Contingencies | Targeted |
| 22 | Liabilities and Equity | Targeted |
| 23 | Revenue from Contracts with Customers | **Rewritten** on the IFRS 15 model |
| 24 | Government Grants | Targeted |
| 25 | Borrowing Costs | Targeted |
| 26 | Share-based Payment | Targeted |
| 27 | Impairment of Assets | Targeted |
| 28 | Employee Benefits | Targeted |
| 29 | Income Tax | Targeted |
| 30 | Foreign Currency Translation | Targeted |
| 31 | Hyperinflation | Targeted |
| 32 | Events After the End of the Reporting Period | Targeted |
| 33 | Related Party Disclosures | Targeted |
| 34 | Specialised Activities | **Property development guidance deleted** — paragraph 34.1 amended, 34.17 to 34.60 deleted |
| 35 | Transition to the Standard | First-time adoption of MPERS |

| Edition | Issued | Effective | Status |
| --- | --- | --- | --- |
| MPERS (2016) | 2015 | Periods beginning on or after 1 Jan 2016 | Ceases to apply for periods beginning on or after 1 Jan 2027 |
| MPERS (2025) | 10 Oct 2025 | Periods beginning on or after 1 Jan 2027 | Early application permitted |

## Common mistakes

- **Citing MFRS 101 as current for a 2027 period.** It is superseded by MFRS 18 for
  annual periods beginning on or after 1 January 2027.
- **Citing MPERS Section 12 as Other Financial Instruments Issues.** In MPERS (2025)
  it is Fair Value Measurement.
- **Treating the deferred MFRS 10 and MFRS 128 amendments as pending.** They have no
  effective date and have had none for a decade.
- **Reading the December 2025 uncertainties package as new requirements.** It changes
  illustrative examples and guidance only.
- **Assuming an MFRS number maps to an IFRS number in every case.** The 1xx series
  maps to IAS, not IFRS.

## What's next

If your entity is on MFRS, MFRS 18 is the 2027 project and MFRS 19 may reduce its
cost. If it is on MPERS, MPERS (2025) is the 2027 project. If your group has both,
you have two, and they share a comparative year.

## Sources

- Malaysian Financial Reporting Standards (MFRSs) — https://www.masb.org.my/pages.php?id=89 (MASB)
- MASB Approved Accounting Standards for Private Entities — https://www.masb.org.my/pages.php?id=20 (MASB)
- MPERS (2025) — https://www.masb.org.my/pages.php?id=615 (MASB)
- IFRS for SMEs Accounting Standard, third edition — https://www.ifrs.org/content/dam/ifrs/publications/html-standards/english/2025/issued/html-ifrs-for-smes.html (IFRS Foundation)

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