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MPERS

Date : 4th & 5th October 2016
Time : 9:00 am To 5:00 pm
Venue : Armada Hotel, Petaling Jaya

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The time has come for Private Entities(PE) in Malaysia to join the IFRS world in financial reporting. Effective 1 January 2016, the existing PERS has been withdrawn and replaced by MPERS, Malaysia Private Entities Reporting Standards. All PEs will either apply MFRS or MPERS in its entirety. MPERS is adapted from IFRS for SMEs issued by the IFRS which in turn is basically a simplified version of the full IFRS standards intended for use by SMEs.

MPERS is significantly different from the existing PERS in terms of the concept and terminologies used, the presentation and disclosure requirements as well as the accounting treatment(recognition and measurement) for a number of transactions and events. Special transition provisions are available and must be complied with when preparing the first MPERS financial statements in respect of the annual period begining on or after 1 January 2016.

This 2-day crash course is designed to assist auditors and accountants of PEs/SMEs in implementing theMPERS and preparing the first MPERS financial statements. The main objectives are :-

  • To explain the background of MPERS
  • To identify and explain the key differences between MPERS and PERS
  • To explain the transition provisions and Day 1 adjustments
  • To outline the changes and requirements in preparing/drafting the first MPERS financial statements for 2016

Day 1

Time Topic / Agenda
8.00am to 9.00am Registration and welcoming refreshment
9.00am to 10.30am Part 1 :Overview of MPERS
10.30am to 10.50am Morning break and refreshment
10.50am to 1.00pm Part 2 : Key differences from PERS - accounting treatment on assets, liabilities, income, expenses and special transactions including financial instruments
1.00pm to 2.00pm Lunch break
2.00pm - 3.30pm Part 2 (continued)
3.30pm - 3.50pm Afternoon break and refreshment
3.50pm - 5.00pm Part 3 :Key differences from PERS - business combination and group financial statements
5.00pm End of Day 1

Day 2

Time Topic / Agenda
9.00am to 10.30am Part 4 : Understanding Transition Provisions
10.30am to 10.50am Morning break and refreshment
10.50am to 1.00pm Part 5 : Identifying Day 1 adjustments
1.00pm to 2.00pm Lunch break
2.00pm to 3.30pm Part 6 : Drafting first MPERS financial statements and disclosure
3.30pm to 3.50pm Afternoon break and refreshment
3.50pm to 5.00pm Part 6 (coninued)
5.00pm End of Seminar

OH AI SIM is currently a freelance trainer focusing on MFRS/FRS and International Auditing Standards (ISAs) and MPERS courses. She conducts public courses for the Malaysian Institute of Accountants (MIA), ACCA, ASCPA , ISCA and in –house courses for corporates. She also conducts lectures for the ACCA professional examination.

Ai Sim is a member of MIA and MICPA. She previously spent over 20 years with a big four accounting firm in Malaysia where she was attached to the audit department. She was also involved in IPOs and due diligences assignments in addition to her audit work. Her portfolio of clients included public listed entities and multinational corporations. Her areas of industry specialization covered retail, manufacturing and trading, construction and property development, and information technology. She was also extensively involved in both internal and client training during her employment with the accounting firm.



Goh Kean Hoe is an approved company auditor and a licensed tax agent with past and present clients that include PLCs, MNCs, SMEs, and entrepreneurs. Previously an audit manager with a Big Four Accounting Firm and a company financial controller, he has wide exposure in many fields over the past 20 years including the property sector and international assignments. His biggest strength is his technical knowledge and analytical skill. He has published articles on deferred taxation and property development accounting in the national journal and newspapers.

Kean Hoe holds a Bachelor of Accounting from the University of Malaya. He is a member of MIA, MICPA and CTIM. He currently sits on the Tax Practice Committee and GST Working Group of the MICPA. He was the Honorary Treasurer of Malaysia Economic Association (MEA) and a trustee for its foundation for 6 years. He has conducted numerous seminars and workshops on financial and accounting related subjects.

In preparing for GST implementation in Malaysia, Kean Hoe has been working closely with GST Academy Singapore since 2010 to develop GST training programmes for Malaysia and to provide GST consulting services. He has successfully completed the 10 day course conducted by the Royal Customs of Malaysia for GST consultants and agents and is an approved GST tax agent licensed by MOF. He was involved in a number of GST implementation projects in 2014/2015 and is currently a GST consultant to a few companies.

  • Audit partners and principals
  • Audit managers and seniors
  • Accountants and finance managers Accounts department of SMEs
  • Anyone who is interested in knowing more about MPERS

Seminar Particular

Organisation Particular

Are you a Globalacc Corporate Member or Globalacc Practitioner Member ?

Yes
No
Name (full name) Position Request for vegetarian food?

Payment Particular

Note :

  • All payment shall be made to Globalacc Research & Training Sdn Bhd.
  • Advanced payment is required to secure the seats.

You may bank-in the cheque or transfer to our bank account as follows:

Banker : Public Bank Berhad

Account No. : 313 968 4822

Please email the bank-in slip / transaction slip to globalaccrt@gmail.com for our record and reference in order for us to issue an official receipt.



Notes :

  • Registration will be accepted subject to availability of seats on first come first served basis and receipt of payment in advance.
  • Confirmation of registration and Tax Invoice will be issued in due course.
  • The organizer reserves the right to cancel the event and any payment made shall be refunded in full if the event is subsequently cancelled.
  • Certificate of Attendance will be issued. CPE hour for members of professional bodies is subject to verification and approval of the respective bodies.
  • Application to HRDF for claims is subject to approval by the relevant authority.