Malaysian Private Entity Reporting Standards (PERS) – A Practical ...

MFRS/FRS & ACCOUNTING
Malaysian Private Entity
Reporting Standards (PERS)
– A Practical Approach
Effective since 1 January 2012, Malaysian companies will have to comply with either the
Malaysian Financial Reporting Standards (MFRS) or the Private Entities Reporting Standards
(PERS). Stay up to date on the latest changes with this program.
19 & 20 july 2012 (thursday & Friday), concorde hotel kuala lumpur
PROUD HOST

MFRS/FRS & ACCOUNTING
Malaysian Private Entity Reporting Standards (PERS)
– A Practical Approach
The application of MFRS involves considerable amounts of resources that small and medium non-publicly listed companies
can ill afford. So it was a relief to thousands of companies when the MASB decided to implement the two-level approach to
financial reporting.
However, the move to converge with the global IFRS is inevitable and it will not be too far in the future when the MASB will be
forced to link the PERS to the full FRS. The IFRS for Small and Medium Entities (IFRS for SMEs) has already been set in motion
by the IASB, and the MASB has issued MASB ED 72 FRS for SMEs.
ObjEctivES
The objective of this seminar, therefore, is to focus on the existing
PERS to ensure a firm foundation before moving on to tackle the
forthcoming new developments.
To this end, this seminar aims to present an overview of the salient
points in the major MASB Accounting Standards that form the existing
PERS, and to ensure that preparers and users of financial statements
comprehend their proper application and compliance, and financial
effects before moving on to understand the complexities of the MASB
ED FRS for SMEs and then, graduate to the full MFRS regime.
cOuRSE OutlinE
• Introduction to International Financial Reporting Standards (IFRS
and the status of existing International Accounting Standards
(IAS), Malaysian MFRS and PERS
• Overview of the following MASBs that form the PERS :
Preparation and Presentation of financial statements
• MASB 1 Presentation of Financial Statements
• MASB 3 Net profit or loss, fundamental errors and
changes in accounting policies
Group Financial Statements
• MASB 11 Consolidated financial statements and
Investments in subsidiaries
• FRS 3 Business Combinations
(FRS 3 is applicable for both the PERS and FRS regimes)
Accounting for Assets
• MASB 2 Inventories
• MASB 4 Research and Development Costs
• MASB 10 Leases
• MASB 15 Property, Plant & Equipment
• MASB 23 Impairment of Assets
• MASB 27 Borrowing Costs
• MASB
Approved IAS 25 Accounting For Investments
Accounting for Equity/liabilities
• MASB 25 Income Taxes
• MASB 29 Employee Benefits
• MASB 20 Provisions, Contingent Liabilities and Contingent
Assets
Others
• MASB 6 The Effects of Changes in Foreign Exchange Rates
• MASB 19 Events After The Balance Sheet Date
MEthOdOlOGy
• The seminar will highlight major differences between the MFRS,
PERS and FRS for SMEs
• Case studies using annual reports of selected companies will be
used to illustrate the proper application of and compliance with
the above MASBs.
WhO ShOuld AttEnd
• Accountants
• Auditors
• Financial Controller
• Finance Manager & Executive
• Academicians
FAcilitAtOR
liM GEOk hEnG
Ms Lim Geok Heng is a Fellow member of the Association of
Chartered Certified Accountants (FCCA) and a Chartered Accountant
of the Malaysian Institute of Accountants [CA(M)]. She is a Certified
Professional Trainer (CPT, IPMA, UK), and also a registered trainer
with Pembangunan Sumber Manusia Bhd (HRDF).
She has over 30 years experience in areas comprising auditing,
financial accounting, treasury functions, education and training.
Her past appointments include the positions of Chief Technical and
Training Officer of Horwath (now Crowe Horwath), Training Manager
of Ernst & Young, Lecturer in Sunway University College, Senior
Lecturer in Tunku Abdul Rahman College and Financial & Treasury
Accountant of an established financial institution.
Currently, Ms Lim is a technical and training consultant in her own
company, Evo Training & Consulting Sdn Bhd. She speaks on IASB
and MASB Reporting Standards, and accounting and audit issues
regularly and extensively throughout Malaysia for CPA Australia,
ACCA, MIA and MICPA.
In addition, she also conducts in-house technical training on
accounting topics for private and listed companies, and for training
institutions in Malaysia, China, Singapore, Cambodia, Vietnam,
Brunei and Sudan.
Ms Lim co-authored a publication titled “Malaysian Private Entity
Reporting Standards” for CCH (Commerce Clearing House) Asia Pte Ltd.

Malaysian Private Entity Reporting Standards (PERS)
– A Practical Approach
PARticiPAntS' dEtAilS
Participant 1 Full name as per I/C (Dato' / Datin / Dr / Mr / Mrs / Ms):
Designation: Membership No. 1 :
o Vegetarian Meal | * Participant's Classification: o Member o Sponsored Staff 1 o Non-member
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Designation: Membership No. 1 :
o Vegetarian Meal | * Participant's Classification: o Member o Sponsored Staff 1 o Non-member
Participant 3 Full name as per I/C (Dato' / Datin / Dr / Mr / Mrs / Ms):
Designation: Membership No. 1 :
o Vegetarian Meal | * Participant's Classification: o Member o Sponsored Staff 1 o Non-member
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tERMS & cOnditiOnS
PROGRAMME FEE
Fee is payable to:
a. MiA-MPdc for programmes in the Klang Valley and other locations (other than in item b); or
b. MAlAySiAn inStitutE OF AccOuntAntS for programmes in Perlis, Penang, Kedah,
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Fee includes course materials, lunch and 2 tea breaks per day.
Admittance will only be permitted upon receipt of full payment.
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participant(s) decide to cancel/transfer their enrollment; a cancellation/transfer fee will be levied.
Written cancellations/transfer notice received:
• Five (5) working days before the event, a refund (less administrative charge of 20 % ) will be made.
• For no-show on the day of the event, no refund will be entertained.
You can substitute an alternate participant(s) if you wish to avoid cancellation/transfer charges.
Any difference in fees will be charged accordingly. Cancelled/transferred unpaid registrations
will also be liable for full payment of the registration fee.
REGiStRAtiOn FORM
Please o the appropriate checkboxes.
Member | RM 850
Member Firm’s Staff
or Sponsored Staff 1 | RM 950
Non-member | RM 1,050
19 & 20 July 2012 (Thursday & Friday),
Concorde Hotel Kuala Lumpur
Contact : Hidayah
Tel : 03 2279 9368
Fax : 03 2273 5167
Email : mpdc@mia.org.my
Add : Malaysian Institute of Accountants
Dewan Akauntan
No. 2, Jalan Tun Sambanthan 3
Brickfields, 50470 Kuala Lumpur
PARticiPAnt'S clASSiFicAtiOn*
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alteration will be allowed after the registration is accepted. Terms and conditions apply.
For 1 Sponsored Staff, sponsoring member is required to indicate his/her name, designation and
membership number in the registration form. The sponsored staff must report directly to him/her
in his/her firm or company, but for the latter, not in a subsidiary or related company.
cERtiFicAtE OF AttEndAncE And cPE hOuRS
All participants will be presented with a Certificate of Attendance upon full attendance and
personal completion of the programme. For MIA members, the CPE hours will be credited into the
Membership System within 2 weeks of the programme.
diSclAiMER
Malaysian Institute of Accountants (MIA) reserve the right to change the speaker(s), date(s) and
to cancel the programme should circumstances beyond its control arises. MIA also reserve
the right to make alternative arrangements without prior notice should it be necessary to do
so. Upon signing the registration form, you are deemed to have read and accepted the terms
and conditions.
*If you have never attended the MIA’s flagship Conference before, drop your name card when you attend our
CPE programmes and stand a chance to win one of five seats worth RM1,600 to attend the MIA Conference
2012 on 27 & 28 Nov @ Kuala Lumpur Convention Centre.
(Name cards will be collected from 1 April till 30 August 2012, and the winners will be announced in October 2012. If you have registered & paid, we will refund
you! Each winner is required to submit a 50-word testimonial to MIA after attending the Conference)