An Overview Of Malaysian Private Entities Reporting Standards (MPERS)

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Introduction

On 14 February 2014, the Malaysian Accounting Standards Board (MASB) issued a new financial reporting framework for private entities; the Malaysian Private Entities Reporting Standard (MPERS). All private reporting entities are required to apply MPERS for financial statements beginning on or after 1 January 2016.

The MPERS is a set of national accounting standards for private entities closely aligned to the IFRS for SMEs. Apart from the sections on income tax and real estate as well as the exemption of the presentation of consolidated financial statements, the requirements in all other sections in the MPERS are word-for-word the IFRS for SMEs. MPERS issued by the International

Accounting Standards Board (IASB) in 2009 is a set of simplified IFRSs built on an IFRS foundation, designed specifically for SMEs and is internationally recognised.

How Will You Benefit

Upon completion of this programme, the participants will be able to :

  • This course aims to provide participants an insight into MPERS to help them prepare affected entities for the transition from PERS to MPERS.

Who Should Attend

This course outline suitable for Accountants & Auditors, Financial Controllers & Finance Managers and Academicians

Methodology

This program is essentially Lecture-cum-discussions supported with Q&A sessions

Module

  • WHAT IS THE IFRS FOR SMALL AND MEDIUM-SIZED ENTITIES (SMES)
  • OVERVIEW OF MPERS BY SECTIONS COVERING
  • SECTIONAL OVERVIEW
  • ASSETS
  • LIABILITIES AND EQUITY
  • GROUP
  • OTHERS

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 An-Overview-Of-Malaysian-Private-Entities-Reporting-Standards-MPERS-hrdf-trainings

Introduction

On 14 February 2014, the Malaysian Accounting Standards Board (MASB) issued a new financial reporting framework for private entities; the Malaysian Private Entities Reporting Standard (MPERS). All private reporting entities are required to apply MPERS for financial statements beginning on or after 1 January 2016.

The MPERS is a set of national accounting standards for private entities closely aligned to the IFRS for SMEs. Apart from the sections on income tax and real estate as well as the exemption of the presentation of consolidated financial statements, the requirements in all other sections in the MPERS are word-for-word the IFRS for SMEs. MPERS issued by the International

Accounting Standards Board (IASB) in 2009 is a set of simplified IFRSs built on an IFRS foundation, designed specifically for SMEs and is internationally recognised.

How Will You Benefit

Upon completion of this programme, the participants will be able to :

  • This course aims to provide participants an insight into MPERS to help them prepare affected entities for the transition from PERS to MPERS.

Who Should Attend

This course outline suitable for Accountants & Auditors, Financial Controllers & Finance Managers and Academicians

Methodology

This program is essentially Lecture-cum-discussions supported with Q&A sessions

Module

  • WHAT IS THE IFRS FOR SMALL AND MEDIUM-SIZED ENTITIES (SMES)
  • OVERVIEW OF MPERS BY SECTIONS COVERING
  • SECTIONAL OVERVIEW
  • ASSETS
  • LIABILITIES AND EQUITY
  • GROUP
  • OTHERS

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Wendy Tee Leap Sing
Biodata: Wendy Tee Leap Sing graduated with a Master in Business Administration (1998) and Master of Information Technology (2000) from Universiti Malaya (UM). She is also a Certified Financial Planner (CFP) of the Financial Planning Association of Malaysia (2002). The UM-Certified Business Coach (2010) is a Registered Financial Planner (RFP) of the Malaysian Financial Planning Council (2006). Wendy is also a Certified Train the Trainer of the Pembangunan Sumber Manusia Berhad (PSMB) (2006) and a Certified Advance Human Resource Practitioner of the Malaysian Institute of Human Resource Management (MIHRM). She has passed the GST Agent examination and GST examination conducted by the Royal Malaysian Customs Department (RMCD).She has over 15 years of experience in senior management positions for diversified industrial and business environments. For the past ten years, she has been involved in lecturing and training

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