The Malaysian Private Entities Reporting Standards (MPERS) issued by Malaysian Accounting Standards Board (MASB) is applicable to private entities in Malaysia. However, private entities shall comply either MPERS or Malaysian Financial Reporting Standards (MFRS) in preparation of its financial statements. The objective of financial statements of private entity is to provide information about the financial position, performance and cash flows of the entity that is useful for economic decision-making by a broad range of users. Required: a) Discuss the measurement of deferred tax in accordance with MPERS. (10 marks) b) In accordance with MPERS, explain the measurement of the share-based payment transaction as follows: (i) equity-settled (ii) cash-settled (5 marks) c) Briefly explain five (5) disclosures on defined benefit plan on employee benefits in accordance with MPERS