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

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

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19 July 2016 - 21 July 2016, 8:30AM - 5:30PM, MYT Johor Bahru, Malaysia

Provide an understanding of the convergence process and transition from Private Entity Reporting Standards

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 Standards(“MPERS”). MPERS is effective for financial statements beginning on or after 1 January 2016. 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.

For more details, Kindly download the e-Flyer here.


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  Day 1 - Basic Module Day 2 - Basic Module Day 3 - Advanced Module
08:30 - 09:00 Registration and light breakfast Registration and light breakfast Registration and light breakfast
09:00 - 10:30

OverviewAccounting for assets

  • Property, plant andequipment
  • Investment property

Accounting for financialinstruments (Basic)(continued)

  • Impairment of financialassets
  • Recognition and measurement of financial liabilities

Accounting for financialinstruments (Advanced)

  • Advanced classification offinancial assets
  • Accounting for derivativesand embedded derivatives
10:30 - 11:00 Break and refreshments Break and refreshments Break and refreshments
11:00 - 12:30

Accounting for assets(continued)

  • Intangible assets other thangoodwill
  • Borrowing costs• Inventories
  • Impairment of assets


Accounting for financialinstruments (Basic)(continued)

  • Financial liabilities vs.Equity classification

Accounting for financialinstruments (Advanced)(continued)

  • Considering hedgeaccounting
12:30 - 14:00 Lunch Lunch Lunch
14:00 - 15:30

Accounting for liabilities

  • Leases
  • Provisions and contingencies
  • Employee benefits
  • Share-based payment
  • Income tax

Accounting for revenue

  • • Revenue recognition
  • Government grants

Financial statements disclosures and presentation

  • Foreign currency translation and presentation currency

Accounting for business combinations and consolidation

  • Business combinationsand goodwill
  • Consolidated and separatefinancial statements
  • Investments in associates
  • Investments in jointventures
  • Foreign operations
15:30 - 16:00 Break and refreshments Break and refreshments Break and refreshments
16:00 - 17:30

Accounting for financial instruments (Basic)

  • Understanding financialinstruments
  • Recognition andmeasurement of financialassets

Financial statements disclosures and presentation (continued)

  • • Related party disclosures
  • Events after the end of thereporting period
  • First financial statementsfor MPERS

Accounting for specialised activities

  • • Agriculture
  • Extractive activities
  • Service concession arrangements
  • Property development

Date and Venue

Venue: Double Tree by Hilton, Johor Bahru

Basic Module
19 - 20 July 2016

Basic & Advanced Modules
19 - 21 July 2016

Fees: Basic Module
RM1,484 (RM1,378*) per person
Basic & Advanced Modules
RM2,120 (RM1,908*) per person
Program Details:
  • The Advanced Module is designed as an extension of the Basic Module and to guide participants on accounting forcomplex financial instruments, group structure (subsidiaries, associates and joint ventures) and specialised activities.• The fee is including GST of 6%.
  • Certificate of attendance will be issued for 16 CPE hours (Basic Module) and 24 CPE hours (Basic and AdvancedModules).
  • Participants will receive a complimentary copy of Wonderful SME Sdn. Bhd. 2016, KPMG’s illustrative financialstatements of MPERS for 2016 that will assist in your preparation of financial statements.
  • Who should attend: Directors, Senior Management, Finance and Tax Managers/Executives, Regulators andAcademicians.

* Registration and payment received by 24 June 2016/Registration of 3 or more persons under the same company orgroup of companies/KPMG Alumni members/KPMG clients.

Way to Register

  • rosalinejuay@kpmg.com.my
  • rozanajumaat@kpmg.com.my

Ms Rosaline Juay at 07-224 2870 (ext 146) /
Ms Rozana Jumaat at 07-224 2870 (ext 155)

KPMG, Level 14,Menara Ansar 65 JalanTrus, 80000 Johor Bahru