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MALAYSIAN PRIVATE ENTITIES REPORTING STANDARD (MPERS) OUTREACH PROGRAMME Ipoh, 14 Sep 2015 Seremban, 12 Oct 2015 Bandaraya Melaka, 13 Oct 2015 Kuantan, 19 Oct 2015 Miri, 6 Nov 2015 Alor Setar, 13 Nov 2015

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Page 1: MALAYSIAN PRIVATE ENTITIES REPORTING STANDARD · PDF filemalaysian private entities reporting standard (mpers) outreach programme ... malaysian private entities reporting standard

MALAYSIAN PRIVATE ENTITIES REPORTING STANDARD (MPERS)

OUTREACH PROGRAMMEIpoh, 14 Sep 2015 • Seremban, 12 Oct 2015 • Bandaraya Melaka, 13 Oct 2015

Kuantan, 19 Oct 2015 • Miri, 6 Nov 2015 • Alor Setar, 13 Nov 2015

Page 2: MALAYSIAN PRIVATE ENTITIES REPORTING STANDARD · PDF filemalaysian private entities reporting standard (mpers) outreach programme ... malaysian private entities reporting standard

The Malaysian Accounting Standards Board (MASB) announced on 14 February 2014 that the current Private Entity Reporting Standards (PERS) will be replaced with the Malaysian Private Entities Reporting Standard (MPERS). MPERS will be effective for financial statements beginning on or after 1 January 2016 with early application permitted.

Private entities are private companies incorporated under the Companies Act 1965, that –• is not itself required to prepare or lodge any financial

statements under any law administered by the Securities Commission or the Bank Negara Malaysia; and

• is not a subsidiary or associate of, or jointly controlled by, an entity which is required to prepare or lodge any financial statements under any law administered by the Securities Commission or the Bank Negara Malaysia.

The MPERS is closely aligned with IFRS for SMEs issued by the International Accounting Standards Board (IASB).

This programme will provide participants with key requirements of the MPERS, the changes and differences with the current PERS and implementation and application issues.

Course Outline

1. Highlights of key requirements of the MPERS, including major differences with the existing PERS.

2. Highlights of the Illustrative Financial Statements and Presentation and Disclosure Checklist.

Methodology

Lectures, supported by illustrations and interactive discussions. This course will discuss the illustrative financial statements issued by the IASB to illustrate the practical application of MPERS.

Who Should Attend

• Financial Controllers, Finance Managers and Accountants of private entities which shall comply with MPERS in preparing financial statements.

• Partners, Managers and professional staff of audit firms who are responsible for the financial statements audit of private entities.

• Academicians who are in pursuit of enhancing knowledge in financial reporting of private entities.

8.30 a.m. Registration

9.00 a.m. Session 1• Presentation and components of financial

statements• Accounting policies, estimates and errors

9.45 a.m. Coffee Break

10.00 a.m. Session 2 • Basic financial instruments• Other financial instruments issues

11.15 a.m. Session 3• Inventories• Investment property• Property, plant & equipment• Leases• Provisions and contingencies

1.00 p.m. Lunch

2.00 p.m. Session 4• Borrowing costs• Impairment of assets• Income tax• Consolidated and separate financial

statements• Investments in associates• Investments in joint ventures• Intangible assets other than goodwill• Business combinations and goodwill

3.45 p.m. Coffee Break

4.00 p.m. Session 5• Revenue• Foreign currency translation• Events after the end of the reporting period• Related party disclosures• Transition to MPERS

5.00 p.m. End of Programme

Trainer RAMESH RUBEN LOUIS has over 15 years of working experience. He is a fellow of ACCA, a member of the Malaysian Institute of Accountants, the Malaysian Institute of Certified Public Accountants, a chartered member of The Institute of Internal Auditors, as well as a Certified Financial Planner. He started his career in Arthur Andersen, and subsequently moved over to BDO. He also has experience in corporate finance whilst attached to Southern Investment Bank Berhad. He was also the Executive Director of training for Morison AAC in Malaysia for several years. Ramesh was instrumental in pioneering the first of its kind, online resource portal for public practitioners in Malaysia in 2008. He is currently the Principal Trainer for MyLearning Training

Resources and also provides consulting and advisory services for businesses and public practices in accounting, auditing, corporate finance and risk management across Asia Pacific, including Singapore, Hong Kong, Brunei and Cambodia.

His experience in accounting, auditing and risk management ranges from large public listed companies to multinational corporations, government agencies as well as SMEs in a spectrum of industries including plantation, property development, manufacturing, trading, IT, shipping, retailing, etc. Besides that, Ramesh also has hands-on experience on other corporate exercises such as due diligence, IPOs, issuance of bonds, corporate & debt restructuring and investigative audit.

His training experience includes topics on Internal & Statutory Auditing, Public Sector/Government Audits, Value-for-Money Audits, ISQC 1, Risk Management & Internal Controls, Review and Assurance Engagements such as Financial Due Diligence, Forecasts & Projections, Forensic & Fraud Accounting/Auditing, as well as seminars/workshops on practical application of International Financial Reporting Standards (“IFRS”) and Reporting Standards for SMEs. He has facilitated training for public accountants across Asia Pacific, multinationals such as Ericsson, TNB Group, Petronas Group and public sector institutions such as RISDA, KTMB, the Auditor General’s Department of Malaysia and Brunei as well as the Ministry of Defence and Ministry of Primary Resources & Industries of Brunei. Ramesh is a certified trainer by the Human Resource Development Fund (HRDF), Ministry of Human Resources Malaysia. He holds an MBA from the University of Strathclyde, United Kingdom, graduating with a distinction. Ramesh was also an adjudicator for the Sarawak Chamber of Commerce Annual Corporate Report Awards. He is currently pursuing his PhD in auditing research at the University of Malaya.

Programme

Page 3: MALAYSIAN PRIVATE ENTITIES REPORTING STANDARD · PDF filemalaysian private entities reporting standard (mpers) outreach programme ... malaysian private entities reporting standard

REGISTRATION FORMMALAYSIAN PRIVATE ENTITIES REPORTING STANDARD (MPERS) OUTREACH PROGRAMME

PAYMENT DETAILS

PROGRAMME FEE• MIA and MAAA members: RM212.00• Non-MIA members : RM265.00

For further information please contact:Ms. Surinder Kaur / Puan Farah Salwani

Tel: 03-22799 245 or 22799 375 respectivelyFax: 03-2273 1016

Email: [email protected] / [email protected]

IMPORTANT NOTES:• Registration is on a first-come-first served basis.• Only a fully completed registration form will be processed.

PARTICIPANTS’ DETAILSParticipant 1 (Dato’ / Datin / Dr / Mr / Mrs / Ms):

Designation:

Email:

MIA Membership No.:

Participant 2 (Dato’ / Datin / Dr / Mr / Mrs / Ms):

Designation:

Email:

MIA Membership No.:

Address:

Organisation:

ORGANISATION’S DETAILS

Industry:

Contact Person:

Email of Contact Person:

Telephone no.: Fax no.:

Vegetarian Meal

Vegetarian Meal

Participant 3 (Dato’ / Datin / Dr / Mr / Mrs / Ms):

Designation:

Email:

MIA Membership No.:

Vegetarian Meal

TAX INVOICE to be issued under:

Signature & Company Stamp:

Company Individual

PAYMENT BY CHEQUE (payable to “Malaysian Institute of Accountants”)

Bank & Cheque No: Amount: RM

*Please tick ( ) in the box applicable to the participant.

14 September 2015, MondayImpiana Hotel18, Jalan Sultan Nazrin Shah, 30250 Ipoh, PerakTel: 05-255 5555 Fax: 05-255 1948

12 October 2015, MondayKlana Resort SerembanJalan Penghulu Cantik, Taman Tasik Seremban70100 Seremban, Negeri SembilanTel: 06-766 7888 Fax: 06-766 7999

13 October 2015, TuesdayAvillion Legacy Melaka146 Jalan Hang Tuah, 75300 MelakaTel: 06-281 6868 Fax: 06-281 9898

19 October 2015, MondayM.S. Garden HotelLot 5 & 10, Lorong Gambut Off Jalan Beserah25300 Kuantan, PahangTel: 09-511 8888 Fax: 09-517 7016

6 November 2015, FridayImperial HotelLot 827, Jalan Pos, 98000 Miri, SarawakTel: 085-431 133 Fax: 085-423 355

13 November 2015, FridayGrand Alora HotelNo. 888, Persiaran Bandar Baru Mergong, Lebuhraya Sultanah Bahiyah, 05150 Alor Setar, KedahTel: 04-770 8888 Fax: 04-770 8800

TERMS & CONDITIONS

PROGRAMME FEE

• Fee is payable to MALAYSIAN INSTITUTE OF ACCOUNTANTS.• Fee includes course materials, lunch and two coffee breaks.• Full payment of the above amount must be made before the event.• Admission may be denied upon failure to make full payment as per the above

requirement.

CANCELLATION/ TRANSFER

Upon registering, participants are considered successfully enrolled in the event. Should participants decide to cancel/ transfer their enrolment, a cancellation/ transfer policy shall be applied as follows:

a. Written cancellation/ transfer received less than seven (7) days from the date of the event:• A refund (less administrative charge of 20%) will be made.• Unpaid registrations will also be liable for 20% administrative charges.

b. Written cancellation/ no show on the day of the event:• No refund will be entertained.• Unpaid registrations will also be liable for full payment of the registration fee.• Partial cancellation is not allowed.

You can substitute an alternative participant if you wish to avoid cancellation/ transfer charges. Any difference in fees will be charged accordingly.

CERTIFICATE OF ATTENDANCE AND CPE HOURS

• Upon full attendance of the event, participants will be issued an “E-certificate”. Participants will receive an email with a download link and are required to download the e-certificate within 30 days. For this purpose, it is COMPULSORY to fill in the email address clearly.

• For MIA members, the CPE hours will be credited into the Membership System within two (2) weeks of the event.

DATA PROTECTION

Personal Data is gathered in accordance with the Personal Data Protection Act 2010 (Act 709).

DISCLAIMER

Malaysian Institute of Accountants (MIA) reserves the right to change the speaker(s), date(s) and to cancel the event should circumstances beyond its control arises. MIA also reserves the right to make alternative arrangements without prior notice should it be necessary to do so. Upon signing the registration form, you are deemed to have read and accepted the terms and conditions.

(The fee is inclusive of 6% GST.)GST No. 000955203584

PAYMENT BY CREDIT CARD

Cardholder’s Name:

Bank Card Name: Expiry Date:

Credit Card No.:

Security Code (last 3 digits at the reverse of the credit card):

I hereby authorise MIA to debit my credit card for the total amountof RM:

Cardholder’s signature: Date:

Visa MasterCard Type: