MFRS 132 Financial Instruments – Presentation

Abstract

MFRS 132: Financial Instruments – Presentation is a standard issued under the Malaysian Financial Reporting Standards (MFRS) framework. It focuses on the presentation of financial instruments in financial statements, specifically addressing the classification of financial instruments as financial assets, financial liabilities, or equity instruments, and providing guidance on offsetting financial assets and liabilities. The main objective of MFRS 132 is to establish principles for presenting financial instruments to ensure consistency and comparability in financial statements, helping users understand the financial position of the entity, the nature and risk associated with financial instruments.