The financial statements must “present fairly” the financial position, financial performance and cash flows of an entity. Fair presentation requires the faithful presentation of the effects of transactions, other events, and conditions in accordance with the definitions and recognition criteria for assets, liabilities, income and expenses set out in the Framework.
This programme explores the requirements of the Financial Reporting Standards as well as the Companies Act to ascertain the best treatment and presentation possible. It also looks into the Corporate Governance requirements on other information.
 COURSE OBJECTIVES
Participants will learn to:
- Prepare and present primary financial statements more efficiently
- Present other reports required by statute more efficiently
- Ensure compliance with relevant FRSs
- Present important components in a favourable manner
Ensure legal compliance about amendments to accounting standards
 LEARNING OUTCOME
• Being better able to prepare and present primary financial statements more efficiently
• Knowing how to present other reports required by statute more efficiently
• Ensuring compliance with relevant MFRSs
• Presenting important component’s in a favourable manner
• Ensuring legal compliance
 WHO SHOULD ATTEND
• Financial Controllers
• General Managers
• Corporate Financial Advisors
• Finance Managers
• Account Managers
• Corporate Planners
• Company Secretaries
• Financial Analysts
• Administration Mangers
Interactive lectures, explanations, practical exercise, group discussion, Q & A session
 COURSE FOCUS
• The Statement of Financial Position
•The Statement of Profit or Loss
• Statement of Changes in Equity
• The Statement Of Cash Flow
• Relevant MFRS
The Companies Act requires the minimum disclosure in financial statements on
• Presentation of Financial Statements MFRS 101
• Provisions MFRS 137
• Cash flow Statement MFRS 107
• Related Parties transaction MFRS 124
• Financial Instruments MFRS 9
It also looks into the Companies Act and Corporate Governance requirements on other information.
The Annual Report contains the Directors Report, Chairman’s Report and other Statutory Information. We shall explore these requirements and discuss the most effective way this information may be presented.
 DETAIL & FEE
Date: 27 - 28 October 2021 (Wed - Thu)
Time: 9.00am - 5.00pm
Mode: Online/ Interactive
[HRD Corp SBL Khas Claimable | CPD 14 Hours]
*Fee includes course Notes, Certificate of Completion & 6% Government Service Tax
** OFFER **
- 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied.
 COURSE OUTLINE
 THE STATEMENT OF FINANCIAL POSITION
• Assets, their valuation and their disclosure
• Liabilities, their recognition and their disclosure
• Reserves, their creation and their disclosure
 THE INCOME STATEMENT / PROFIT OR LOSS STATEMENT
• Revenue, when they can be recognized and their impact
• Expenses, their impact on actual profits and taxes
• Taxes and financing costs
• Profits and what they mean
• Requirements of MFRS 101
• MFRS 15 Requirement on Revenue recognition
• MFRS 108 Requirement on Accounting Policies
 STATEMENT OF CHANGES IN EQUITY
• The presentation and its component
• MFRS 101requirement
 THE CASH FLOW STATEMENT
• Operating activities, what they really means
• Financing activities, their impact on the business
• Investing activities and the future
• MFRS 107 disclosures
 RELATED PARTY TRANSACTION
• Who is considered related party?
• MFRS 124 disclosure requirements
• What are provisions?
• When is it not a provision?
• How are Provisions ascertained?
• What are contingencies and how to treat them?
• Requirements of MFRS 137
• Provisions that fall outside MFRS 137
• Disclosures For Provisions
 FINANCIAL INSTRUMENTS
• What are financial Instruments
• When are they equity?
• When are they liabilities?
• MFRS 9 and its Requirements
 PROPERTY, PLANT AND EQUIPMENT
• Recognition of an asset
• Measurement at recognition
• Measurement after recognition
• Requirements of MFRS 116 and MFRS 16
 INTANGIBLE ASSETS
• Identification of intangible assets
• Control and future economic benefits
• Recognition and measurement
• Recognition of an expense
• Measurement of the asset
• Requirement of MFRS 138
 IMPAIRMENT OF ASSETS
• Identifying and impaired asset
• Measuring the recoverable amount
• Basis of valuation
• Recognising and measuring an impairment loss
• Reversing an impairment loss
• Requirement of MFRS136
 INVESTMENT PROPERTY
• Measurement at recognition
• Measurement after recognition
• Disposal of investment property
• Requirement of MFRS140
Questions & Answers Session
 SPEAKER PROFILE
Principal Consultant C.A. (M), FCCA, FFA
Tharmaseelan C.A (M), F.C.C.A, MIAE has vast experience in the field of Accounting, Taxation, Internal Control Systems and Finance for almost 15 year in an international accounting firm and local consultancy firms.
His career spanned across wide working experience and exposure in Accounting, Taxation, implementing Internal Control Systems and Finance in consultancy firms, a leading hotel in Langkawi and in a leading hotel training college. He has also developed Business, Accountancy and IT Programs with various colleges, and these programs are validated by foreign universities and professional Bodies.
He was attached to a medium size audit firm as a Senior Audit Assistant before he moved over to an established international tax company where he held the position as a Tax Senior. He then joined an established professional firm as the Tax Manager where he oversaw the computation, submission and resolving tax issues for clients.
His tenure with an established Consultancy as a Senior Consultant gave him the opportunity to designed internal control systems & implemented it. He also advised his clients on compliance with accounting standards and tax regulations. His last position prior to going into practise was as the Associate Director of The Business School where he was responsible for restructuring the Business School and identifying suitable courses and obtaining accreditation from various bodies and universities.
He is currently in practice offering his expertise and knowledge to corporate and professional clients, locally and worldwide. His specializations are in designing and setting up of Accounting, Taxation, Finance, Internal Control and Operational Systems as well as in performing Operational Audits. His well-esteemed clients include those in the hospitality, education, manufacturing and service-based industries.
He has trained personnel from numerous private sector companies and the public sector, including MK Land Berhad, KULIM HI TECH Berhad, including, Majlis Bandaraya Shah Alam,
Permodalan Nasional Berhad, Institut Jantung Negara, Tradewind Hotel Group, Bintulu Development Authority, Ritz Carlton Hotel, Putrajaya, IOI Resort, Majlis Perbadanan Sibu, Lembaga Urusan Tabung Haji, Tenaga Cable Industries, Yeo Hiap Seng, Kobe Precision, Eon Finance, International Islamic University, Petroliam Nasional Bhd, Progressive Insurance Bhd, Subang Jaya Medical Centre, The MINT Hotel, KLIA Pan Pacific Hotel, Bank Rakyat, Toshiba Electronics, UDA Holdings Bhd, Komag USA, Bank Industri & Teknologi (M) Bhd, PPB Group and TH Plantations to name a few.
As a qualified Accountant, he is actively involved in conducting audit and financial courses. His experience brings him to faraway countries such as Vietnam, Brunei, Nepal, Uganda and Rwanda to train Accounting and Financial Professionals.
He is also a regular training facilitator for
1. Malaysian Institute of Accountants
2. Certified Public Accountants of Australia
3. Malaysian Institute of Management
- Teo (011 - 3178 9203)
- Logesh (012 - 503 0346)
- Siti (012 - 383 8603)
- Han (019 - 323 0507)