What’s next for Private Entities – MPERS or MFRS? | KPMG | MY

What’s next for Private Entities – MPERS or MFRS?

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23 May 2016 - 24 May 2016, 8:30AM - 5:30PM, MYT

The Malaysian Accounting Standards Board (“MASB”) on 14 February 2014 announced that the current Private Entity Reporting Standards (“PERS”) will be replaced with the Malaysian Private Entities Reporting Standard (“MPERS”). MPERS is effective for financial statements beginning on or after 1 January 2016, with early application permitted. Although MPERS is a replacement for PERS, a private entity may not necessarily adopt MPERS. In fact, private entities have the option to apply in its entirety either the MPERS or the Malaysian Financial Reporting Standards (“MFRS”). With both options available, it is therefore necessary for private entities to evaluate and decide on the most appropriate framework, and private entities need to carefully weigh the pros and cons of the accounting frameworks before making any decision.

This workshop is designed to provide private entities with an understanding of the convergence process and transition from PERS to MPERS, as well as, touching on the differences between MPERS and MFRS.

Date & Location Program Details

Basic Module
23-24 May 2016 

Basic & Advanced Module
23-25 May 2016

  • Basic Module RM1,484 (RM1,378*) per person 
  • Basic & Advanced Modules RM2,120 (RM1,908*) per person
 
  • The Advanced Module is designed as an extension of the Basic Module and to guide participants on accounting for complex financial instruments, group structure (subsidiaries, associates and joint ventures) and specialised activities.
  • Certificate of attendance will be issued for 16 CPE hours (Basic Module) and 24 CPE hours (Basic and Advanced Modules).
  • Participants will receive a complimentary copy of Wonderful SME Sdn. Bhd. 2016, KPMG’s illustrative financial statements of MPERS for 2016 that will assist in your preparation of financial statements.
Time  
8.30a.m - 5.30p.m(Registration and light breakfast starts at 8.30am)  

* Registration and payment received before 1 month before the event/Registration of 3 or more persons under the same company or group of companies/KPMG Alumni members/KPMG clients.

* Claimable Under HRDF

Speaker:

Thong Foo Vung
 
Partner
Chong Chen Kian
 
Principal
 

Who Should Attend:

Directors, Senior Management, Finance and Tax Managers / Executives, Regulators, Academicians

Kindly download flyer here for more details:
MPERS or MFRS Workshop flyer - Download 

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