february - june 2020

FEBRUARY - JUNE 2020

“Always bear in mind that your own resolution to succeed is more important than any other.” Abraham Lincoln

As we enter into a brand-new year, we hope for better possibilities and achievements in 2020! At MICPA, we always promote and encourage our members to participate in our Continuing Professional Development (CPD) programmes to ensure that you are well equipped with the right knowledge and skills to meet the various demands in your respective roles.

Our CPD programmes will enable you to remain relevant and up-to-date amidst the fast pace of changing trends and directions in the business

programmes, you will be able to work more effectively with the knowledge

can work with you in crafting customised CPD programmes to suit your business needs. Please contact our CPD department if you would like to explore how we can assist you in this area. Rest assured, we have outlined well-thought-out programmes delivered by experienced and distinguished speakers to help you chart a progressive career path ahead! We look forward to welcoming you to our upcoming CPD programmes.

MICPA

2020 MICPA CPD TRAINING PROGRAMMES

- 1 -

FEBRUARY

Date : February 10, 2020

Venue : Sheraton Imperial Hotel Kuala Lumpur

MICPA CPE Hours : 8* Recognised for Audit Approval Renewal

Registration Fee : MICPA/CAANZ Member - RM 500 Non-Member - RM 630Discount :Group discount of 10% for 3 participants & above, or Early Bird discount of 10% for registration one month before closing date

0830 - 0900

0900 - 1030 History, Background and Rationale for ChangeProposals in the Original Exposure Drafts and FeedbackChanges Made in the Final IFRS 16Fundamental Approach – Rights and Obligations

1030 - 1045 COFFEE BREAK

1045 - 1300 Lessee Accounting: Right-of-Use Approach

1300 - 1400 LUNCH

1400 - 1530 Lessor Accounting


1545 - 1700 Complex Lease Arrangements

1700 END OF SEMINAR

PROFILE OF SEMINAR LEADER

Professor with the Graduate School of Management, Universiti Putra Malaysia. He has served as a Council Member

Financial Reporting Standards Implementation Committee (FRSIC) of the MIA.

accounting students in Malaysia.

MFRS 16 Leases became effective for annual periods beginning on or after January 1st, 2019. It introduces a new “right-of-use” model for lessee accounting by requiring that a lessee shall recognise all lease assets and

rewards” approach of the former MFRS 117 Leases for lessor accounting, which means that there is little change

and sublease arrangements.

As the tax laws on lease transactions are unchanged, recognising more right-of-use assets and lease liabilities would also require that additional deferred tax liabilities and deferred tax assets be recognised. Except for hire-purchase right-of-use assets, the tax laws treat all other lease transactions as operating leases.

statements of its subsidiaries. If there are intragroup lease arrangements, such as an intragroup rental of PPE

statements of the Group as a single economic entity. Hence, intragroup lease arrangements must be eliminated


- 2 -





0830 - 0900

0900 - 1030 Introduction


1045 - 1300 Financial Statements (Part 1)

1300 - 1400 LUNCH




1700 END OF SEMINAR

PROFILE OF SEMINAR LEADERMR NG KEAN KOK is a Chartered Accountant and has more than 25 years of auditing, accounting and company secretarial experience across various industries. Previously, he worked with one of the international accounting

Mr Ng is a member of the Malaysian Institute of Accountants (MIA). At MIA, he previously served as a Council Member. Additionally, he has served / is serving on several committees of MIA such as the Financial Reporting Standards Implementation Committee (FRSIC), Financial Statements Review Committee (FSRC), Public Accountants in Business (PAIB) Committee, Monitoring Committee and the SSM Committee.

Committee.

Further, there were also the implementation of MFRS 9 and 15, and the most recent being MFRS 16.

statements that are to be prepared by various entities. Sample illustration would be provided in this training.

FEBR

UARY


- 3 -



MICPA CPE Hours : 8


0830 - 0900

0900 - 1030 Introduction and Basic Skills in Excel


1045 - 1300 MFRS 9 Financial Instruments

1300 - 1400 LUNCH

1400 - 1530 MFRS 2 Share Based Payments


1545 - 1700 MFRS 16 Leases

1700 END OF WORKSHOP

PROFILE OF WORKSHOP LEADERMR NG KEAN KOK is a Chartered Accountant and has more than 25 years of auditing, accounting and company secretarial experience across various industries. Previously, he worked with one of the international accounting


Committee.

require the necessary skills to assist management to use Excel and build models to identify, analyse and prepare

By attending this Seminar, participants will be able to explain the various Excel tools that are useful for MFRS

Since this Seminar is based on the usage of Excel, participants are required to bring their notebooks and also

especially useful for reporting under MFRS.

FEBRUARY


- 4 -

Date : March 5 & 6, 2020




MFRS 15 Revenue from Contacts with Customers, which sets a new model for revenue accounting, became effective on 1

customers. For transitioning entities in the property development sector, this new MFRS provides clear guidance that would resolve the interpretation problems in the former IC 15 Agreements for the Construction of Real Estate.

For a contract with customers with multiple elements, this new MFRS requires that an entity shall identify the performance obligations in the contract and account for each performance obligation separately if it is distinct. A service component in a sale

need to be accounted for separately as a usage-based licence or a sale-based licence if the licence is distinct from the sale of goods or services. Variable considerations in an arrangement shall be estimated using the expected value method or the

developer needs to recognise revenue over time using the percentage of completion method.

MFRS 15 also requires an entity to present contract assets and contract liabilities separately from trade receivables and trade

enhanced disclosures about outstanding performance obligations, including quantitative information about future revenues.

0830 - 0900

0900 - 1030 Introduction and Overview


1045 - 1300

1300 - 1400 LUNCH

1400 - 1530 Application of MFRS 15 to Sales of Goods, Services and Licensing Arrangements


1545 - 1700

1700 END OF DAY 1

0830 - 0900

0900 - 1030 Application of MFRS 15 to Construction Contracts


1045 - 1300 Cases and Examples on Construction Contracts Accounting

1300 - 1400 LUNCH

1400 - 1530 Application of MFRS 15 to Property Development


1545 - 1700 Cases and Examples on Property Development Activities

1700 END OF SEMINAR


Implementation Committee (FRSIC) of the MIA.

of MIA, MICPA and a fellow member of AICB.

MA

RCH


- 5 -

Date : March 13, 2020


MICPA CPE Hours : 8


be covered in the training.

For those who have studied and/or performed valuations before, this may also be an opportunity to refresh on the knowledge concerned.

Overall, this training will build up the capabilities of those interested to know the steps in valuing a private

0830 - 0900



1045 - 1300

1300 - 1400 LUNCH

1400 - 1530 Private Company Valuation Approaches


1545 - 1700 Miscellaneous

1700 END OF SEMINAR



Committee.

MA

RCH


- 6 -



MICPA CPE Hours : 8


At the end of this dynamic 1-Day Workshop Programme, participants will be able to:

- Cultivate personal grooming excellence- Practise impression management through effective self-packaging

0830 - 0900

0900 - 1030


1045 - 1300 Power Dressing & Grooming For Success

1300 - 1400 LUNCH

1400 - 1530


1545 - 1700 Visual Poise & DeportmentShaping Your Professional Reputation

1700 END OF SEMINAR


for corporations and individuals.

Dolly is a dynamic presenter whose passion and enthusiasm in professional image building has helped participants

Public Mutual, RBC, Resorts World, Sarawak SEDC, SHELL, Standard Chartered Bank (Malaysia & Singapore), Star

Digital and many others.

a strong commitment to Professional Excellence, she aims to share her expertise and experiences with others

MA

RCH


- 7 -



MICPA CPE Hours : 8


and formulating possible measures to manage favourable outcome.

and professional development. A special highlight of this programme includes providing you with the platform to assess your preferred SME company (on a no-name basis) or a Public Listed Company (PLC) in terms of their

and subsequently receiving a detailed and narrative report produced by the AI-enabled analytical platform.

conducted, how audit planning were done based on the risks uncovered and the type of value-added services

participants can uncover ways to reduce or mitigate their risk exposures, improve stakeholder reporting and generate higher revenue and margins while reducing costs substantially.

0830 - 0900

0900 - 1030Business Performance: Which Sectors are Performing / Not Performing?


1045 - 1300 Shareholder Value: Are Equity Levels Rising to Fund Expansion?Risk and Liabilities: Are Businesses Acquiring More Debt to Fill Working Capital Needs?

1300 - 1400 LUNCH

1400 - 1530 Productivity and Resources: Are Costs Managed Well with Better Productivity Levels?


1545 - 1700 Use Cases: Using AI Expert System to Conduct Funding Assessment, Audit Risk Assessment and Planning, and Board Management Reporting for PLCs

1700 END OF SEMINAR


to help organisations to be future-ready for digital disruptions. He currently serves as an AI advisor to more than 50 public and private institutions (enterprises and public listed companies) as part of the Digital AI Labs (DIAL) Programme that empowers organisations to develop their internal AI capabilitites.

MA

RCH

In Collaboration with:


- 8 -

Date : April 2, 2020




0830 - 0900



1045 - 1300

1300 - 1400 LUNCH

1400 - 1530 Lessons Regarding Fair Value from MFRSValuation Standards in Malaysia


1545 - 1700 Applications in MPERSOther Considerations

1700 END OF SEMINAR



Committee.

beginning on or after January 1st, 2016.

It is noted that there still exist areas where the requirements of MPERS have still not been properly understood and applied.

as valuation under Investment Properties, Financial Instruments and Biological Assets, business combinations and applications under areas such as Impairments and credit risk assessment.

related concerns that require the attention of Directors and accountants of private entities, preparation and/or action to implement the fair value requirements, and knowledge and skills to comply with the presentation and disclosure requirements of MPERS in relation to fair value.

APR

IL


- 9 -

Date : April 9 & 10, 2020


MICPA CPE Hours : 16


0830 - 0900

0900 - 1030 Introduction - Good Emailing Habits


1045 - 1300

1300 - 1400 LUNCH

1400 - 1530


1545 - 1700 Modals

1700 END OF DAY 1

0830 - 0900

0900 - 1030


1045 - 1300 Using Imperatives in Email Writing

1300 - 1400 LUNCH

1400 - 1530 Corrections made to emails from the work place


1545 - 1700


PROFILE OF WORKSHOP LEADERMS. YOGESVARY ALAHAKONE has 37 years of experience as an English teacher, lecturer and trainer. She is also

of interest and excellence is in the speaking and pronunciation of the English Language.

She started her teaching career after doing a degree in English and English Literature, and a diploma in teaching

Linguistics at the University of Edinburgh in Scotland. She worked as a secondary school teacher for 5 years.

2 years and Universite Du Havre in France for 13 years. While in France, she also did a lot of corporate training inbig international companies when English became important as the language of the European Union.

the Department of Modern Languages for the last 10 years of her time there, before retiring in 2018.

In a professional environment, we communicate by e-mail all the time to demand for information. We inform

use. However, the format and language used must be appropriate for the correspondence to be effective.

In the proposed workshop, we will examine and improve the problems that the participants have in writing effectively. We will practise and use correct grammar, accurate vocabulary and a good command of the English

out of the organisation, will be enhanced.

APRIL


- 10 -





0830 - 0900

0900 - 1030 Shares Issued with No Par Value


1045 - 1300 Capital Reduction & Reconstruction

1300 - 1400 LUNCH

1400 - 1530 Redeemable Preference Shares


1545 - 1700

1700 END OF SEMINAR





buybacks provision to permit listed companies to repurchase their own shares via a private arrangement other

shares to be used as employee share schemes and for acquisitions of assets or businesses.

A company may undertake capital reduction without having to seek court permission provided it meets the solvency requirements of the Act. Preference share may now be redeemed out of capital, other than out

if the redemption of preference share is out of capital, provided the solvency requirements are met. Similarly,

with the reporting standards.

laws and accounting standards on share capital and equity instruments.

APR

IL


- 11 -



MICPA CPE Hours : 8


0830 - 0900

0900 - 1030 Introduction and Basic Skills in Excel


1045 - 1300 MFRS 9 Financial Instruments

1300 - 1400 LUNCH

1400 - 1530 MFRS 2 Share Based Payments


1545 - 1700 MFRS 16 Leases


PROFILE OF WORKSHOP LEADERMR NG KEAN KOK is a Chartered Accountant and has more than 25 years of auditing, accounting and company secretarial experience across various industries. Previously, he worked with one of the international accounting


Committee.

require the necessary skills to assist management to use Excel and build models to identify, analyse and prepare

By attending this Seminar, participants will be able to explain the various Excel tools that are useful for MFRS

Since this Seminar is based on the usage of Excel, participants are required to bring their notebooks and also

especially useful for reporting under MFRS.

APRIL


- 12 -

Date : May 4 & 5, 2020




MFRS 16 Leases uses a right-of-use approach for lessee accounting that requires all assets and liabilities under lease arrangements

approach of MFRS 117 Leases for lessor accounting and also other updates.IC Interpretation 23 provides guidance on the accounting

“substantive process” which must include an organised workforce and other inputs, that taken together, is capable of creating output(s). It also provides for an optional concentration test in that if the fair value of the gross assets acquired is concentrated in a single

out of capital, there is no longer a capital maintenance requirement so long as the solvency test is met.

0830 - 0900

0900 - 1030


1045 - 1300 MFRS 16 Leases

1300 - 1400 LUNCH

1400 - 1530


1545 - 1700

1700 END OF DAY 1

0830 - 0900

0900 - 1030 Amended MFRSs and Other Current Issues


1045 - 1300 Borrowing Costs and IFRIC Agenda Decision (2019)

1300 - 1400 LUNCH

1400 - 1530 Amendments to the Companies Act 2016 – Redemption of Preference Shares


1545 - 1700 Preparing MFRS-Compliant Financial Statements for the year ended 31 December 2019

1700 END OF SEMINAR


(FRSIC) of the MIA.

authored many accounting books exclusively for practitioners and accounting students in Malaysia.

MAY


- 13 -

Date : May 8, 2020


MICPA CPE Hours : 8


In Malaysia today, many tax audits are being conducted by the Inland Revenue Board of Malaysia (IRBM). It is important for a taxpayers and tax agents to be fully aware of the legislative and other requirements pertaining to tax audit and investigations in order to avoid heavy penalties.

Under the Self-Assessment System, tax audit is a primary activity of the IRBM. It is aimed at enhancing voluntary compliance with the tax laws and regulations. A taxpayer can be selected for an audit at any time. However, it

issued an audit framework to ensure that tax audits are carried out in a fair, transparent and impartial manner.

tax audit.

to ensure that a higher tax compliance rate is achieved under the Self-Assessment System, whereby the main

compliance, to be fair to compliant taxpayers and to collect the correct amount of tax.

In this Workshop, the Speaker will share his experience and provide key insights into what triggers an audit investigation, the risk areas for taxpayers, th Malaysian penalty regime, preparing for a tax audit or investigation as well as the negotiation process and reaching a settlement.

0830 - 0900

0900 - 1030


1045 - 1300

1300 - 1400 LUNCH

1400 - 1530


1545 - 1700 Negotiation Process and Reaching a Settlement

1700 END OF SEMINAR


services as well as a Partner in SCS Global Consulting (M) Sdn Bhd. He has more than 20 years of experience in

Harvindar has extensive experience in taxation advisory, transfer pricing documentation preparation, tax planning as well as tax audits and investigations and he serves as a tax consultant to various MNEs and other organisations.

MAY


- 14 -

- How can AI help to digest complex and voluminous information?

0830 - 0900

0900 - 1030Intelligence (AI)?


1045 - 1300

1300 - 1400 LUNCH

1400 - 1530


1545 - 1700 Case Studies

1700 END OF SEMINAR


to help organisations to be future-ready for digital disruptions. He currently serves as an AI advisor to more than 50 public and private institutions (enterprises and public listed companies) as part of the Digital AI Labs (DIAL) Programme that empowers organisations to develop their internal AI capabilitites.

Date : May 14, 2020


MICPA CPE Hours : 8


MAY

In Collaboration with:


- 15 -

Date : June 11, 2020




0830 - 0900

0900 - 1030 History, Background and Rationale for ChangeProposals in the Original Exposure Drafts and FeedbackChanges Made in the Final IFRS 16Fundamental Approach – Rights and Obligations


1045 - 1300 Lessee Accounting: Right-of-Use Approach

1300 - 1400 LUNCH

1400 - 1530 Lessor Accounting


1545 - 1700 Complex Lease Arrangements

1700 END OF SEMINAR





MFRS 16 Leases became effective for annual periods beginning on or after January 1st, 2019. It introduces a new “right-of-use” model for lessee accounting by requiring that a lessee shall recognise all lease assets and

rewards” approach of the former MFRS 117 Leases for lessor accounting, which means that there is little change

and sublease arrangements.

As the tax laws on lease transactions are unchanged, recognising more right-of-use assets and lease liabilities would also require that additional deferred tax liabilities and deferred tax assets be recognised. Except for hire-purchase right-of-use assets, the tax laws treat all other lease transactions as operating leases.

statements of its subsidiaries. If there are intragroup lease arrangements, such as an intragroup rental of PPE

statements of the Group as a single economic entity. Hence, intragroup lease arrangements must be eliminated

JUN

E


- 16 -



MICPA CPE Hours : 8


0830 - 0900

0900 - 1030


1045 - 1300

Functional Analysis – a Detailed DiscussionComparability Analysis and the Factors Determining Comparability

1300 - 1400 LUNCH

1400 - 1530


1545 - 1700

Case Studies


PROFILE OF WORKSHOP LEADER

services as well as a Partner in SCS Global Consulting (M) Sdn Bhd. He has more than 20 years of experience in

Harvindar has extensive experience in taxation advisory, transfer pricing documentation preparation, tax planning as well as tax audits and investigations and he serves as a tax consultant to various MNEs and other organisations.

transfer of property or services. It is important to establish the appropriate price, called the “transfer price”, forintra-group, cross border transfers of goods, intangibles and services.

all international transactions. At the same time, transactions involving intangibles (such as intellectual property),capital (such as money) and multitiered services constitute a rapidly growing proportion of multinational

complexities in analysing and understanding every transactions.

JUN

E


- 17 -



MICPA CPE Hours : 8


0830 - 0900

0900 - 1030Big Data and You


1045 - 1300Stages of Data Analytics Introduction to AI, Machine Learning and RPA

1300 - 1400 LUNCH

1400 - 1530Data Management and RISK Control


1545 - 1700


PROFILE OF WORKSHOP LEADERMr Jack Lee has 20 years of working experience which includes deploying digital transformation solution and leading various departments to realise technology adoption plan in timely manner which includes Network Infrastructure upgrade, manages server migration and deploy ERP for Corporates and SMEs.

He also involves in ERP system functional design and inventory audits. In his recent years, Jack actively engages

accountants in providing the bridge between data science and the business because of their commercial skills and broad training. In Malaysia, Big Data tops the ranking as the most demanding competencies in terms of digital skills (LinkedIn, 2017).

on to Big Data Analytic so that they can help businesses to make accurate business decision instead of based on hearsay only. More and more businesses will know the importance of Big Data. Eventually, your customers, clients and competitors will become data literate and choose to be data driven. With Big Data knowledge, you are giving more reasons for businesses to choose you.

Some probably are wondering how this emerging trend could advance their practice or business. In this program, contents and training methodology will be catered for those who do not have any prior background in data or technology.

JUN

E


- 18 -

Date : June 29 & 30, 2020




MFRS 15 Revenue from Contacts with Customers, which sets a new model for revenue accounting, became effective on 1

customers. For transitioning entities in the property development sector, this new MFRS provides clear guidance that would resolve the interpretation problems in the former IC 15 Agreements for the Construction of Real Estate.

For a contract with customers with multiple elements, this new MFRS requires that an entity shall identify the performance obligations in the contract and account for each performance obligation separately if it is distinct. A service component in a sale

need to be accounted for separately as a usage-based licence or a sale-based licence if the licence is distinct from the sale of goods or services. Variable considerations in an arrangement shall be estimated using the expected value method or the

developer needs to recognise revenue over time using the percentage of completion method.

MFRS 15 also requires an entity to present contract assets and contract liabilities separately from trade receivables and trade

enhanced disclosures about outstanding performance obligations, including quantitative information about future revenues.

0830 - 0900

0900 - 1030 Introduction and Overview


1045 - 1300

1300 - 1400 LUNCH

1400 - 1530 Application of MFRS 15 to Sales of Goods, Services and Licensing Arrangements


1545 - 1700

1700 END OF DAY 1

0830 - 0900

0900 - 1030 Application of MFRS 15 to Construction Contracts


1045 - 1300 Cases and Examples on Construction Contracts Accounting

1300 - 1400 LUNCH

1400 - 1530 Application of MFRS 15 to Property Development


1545 - 1700 Cases and Examples on Property Development Activities

1700 END OF SEMINAR


Implementation Committee (FRSIC) of the MIA.

of MIA, MICPA and a fellow member of AICB.

JUN

E

(February 10, 2020; Securities Commission Malaysia)

- PROFESSIONALISM AND BEYOND

let us further raise the audit quality to a higher level. Learn from the common observations

regulator.

With the introduction of the new Code of Ethics issued by the International Ethics Standards

Code of Ethics including enhancement to the conceptual framework, provisions relating to inducements; pressure to breach the fundamental principles and etc. You will also receive

february - june 2020

Documents