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An In-depth Insight on Malaysian Private Entities Reporting Standard (MPERS)

A Health Check for Preparing Your Financial Statements

Expert Speaker Oh Ai Sim

MYR901.00 (including SST)

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EARLY BIRD SPECIAL:  Enjoy 10% Savings if you Register by 25 December 2018 Use code MPER19 at checkout.

Overview

Wolters Kluwer Executive Events presents a one-day workshop on Malaysian Private Entities Reporting Standard (MPERS). MPERS is mainly based on the International Accounting Standards Board’s (IASB) International Financial Reporting Standards (IFRS) for Small and Medium-sized Entities (SMEs).  MPERS 2015 is based on the IFRS for SMEs that incorporates 2015 amendments. These latest amendments to MPERS were effective 1 January 2017.

This training will enable you to evaluate circumstances in your companies and review specific areas of potential difficulties and updates relating to apply undue cost or effort criteria, property, plant and equipment, investment property, borrowing costs, biological assets and presentation of MPERS financial statements.

What You Will Learn

At the end of the workshop, you will:

  • Understand on how to apply the requirements of MPERS for specific areas of difficulties such as those relating to PPE, investment property, borrowing costs and biological assets.
  • Learn practical issues.
  • Acquire the knowledge on how to apply principles using worked exercises.

Who Should Attend

This workshop is suitable for:

  • Senior Accountants
  • Financial Controllers
  • Finance Managers
  • Accounts Executives

Programme Outline

  • Module 1 Presentation of Financial Statements
    • Minimum line items
    • Statement of financial position
    • Statement of comprehensive income

  • Module 2 Property, Plant and Equipment (PPE)
    • What comprises cost?
    • Residual value, change in useful lives
    • Revaluation model applicable 1 January 2017
    • Differences between revaluation and fair value model
    • Examples / illustrations

  • Module 3 Investment Property
    • Identification of investment property using practical examples
    • Application of undue cost and effort criteria amended 1 January 2017
    • Fair value model and related tax effect
    • Examples / illustrations

  • Module 4 Borrowing Costs
    • Scope and requirements of Section 25
    • Deferred tax impact on industries such as property developer and biological assets
    • Examples / illustrations

  • Module 5 Biological Assets
    • Distinction between bearer plants and other than bearer plants
    • Application of undue cost and effort criteria
    • Cost and fair value model

  • Module 6 Others
    • Forward contracts
    • Interest free loans
    • Debt/equity classification for preference shares

Expert Speaker

Oh Ai Sim has over 22 years of audit related experience with a big four accounting firm. Her portfolio of clients includes public listed entities and multinational corporations covering the following industries: retailing, manufacturing, trading, property development and construction. She conducts training regularly on FRS and audit related topics.

If you would like us to send you an invoice, please click here to register. Otherwise, please click on “Add to Cart” and make payment with your credit card.

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