Practical Preparation of Financial Statements for MBRS Templates
Course Information
  • 12-Feb-2020
  • DoubleTree Hilton, Johor Bahru
  • Dr. Yee Hun Leek
  • English
  • RM 600 RM 500
    Until 15 Jan 2020
  • 9am - 5pm
(A) INTRODUCTION

In with the global adoption, the Malaysian regulators have seen the need for companies to adopt eXtensible Business Reporting Language (XBRL) to improve financial reporting in terms of relevance, consistency, timeliness, and accuracy. XBRL is a language based on XML for the electronic communication of business information. It is designed to improve the exchange, aggregation and analysis of corporate data requiring disclosure, through a unique tagging structure that provides interoperability.

Suruhanjaya Syarikat Malaysia (SSM) is introducing a digital submission platform known as the Malaysian Business Reporting System (MBRS) based on the XBRL format. This submission platform allows for the annual submission of Financial Statements and Reports (FS); Annual Return (AR); and Exemption Application (EA) which are related to the FS and AR application.

The initial MBRS implementation issues and challenges have to be addressed as errors need to be rectified during the validation process before uploading the file for MBRS filing. Therefore, the preparer of financial statements for MBRS submission have to be equipped with sound technical knowledge and adequate hands-on experience in relation to Companies Act 2016, the applicable accounting standards and financial reporting in Malaysia.

In this workshop, the participants will acquire practical hands-on knowledge to enter the financial statements components into the various MBRS templates of non-listed and listed companies as per the MBRS reporting requirements. The workshop will also explore the emerging technologies such as Robotic Process Automation (RPA), Machine Learning (ML), and Artificial Intelligence (AI) for MBRS conversion.

(B) OBJECTIVES

• Highlight the overview of MBRS requirements and the challenges
• Understand the audited financial statements and components in mTool
• Guidance in entry of the financial statements into MBRS templates to acquire practical hands-on knowledge
• Application of RPA, ML and AI in MBRS

(C) WHO SHOULD ATTEND

• Chief Finance Officer / Finance Directors
• Finance Manager
• Accountant
• Accounts Executive
• Finance professionals
• Auditor
• Tax agent
• Company secretary
• Directors
• Business Owners
• Those who are involved in the reviews and submissions of Financial Statements under MBRS

(D) METHODOLOGY

This workshop will be interactive using power-point presentation, case studies and mTool
* Participant is required to bring a laptop with the latest mTool installed and calculator for the practical hands-on session

(E) COURSE SCOPE

MODULE 1: Overview of MBRS requirements
• Overview of the MBRS filing requirements and updates
• Issues and challenges expected to be faced by the preparers during MBRS implementation
• Understand the audited financial statements prepared using MFRS and MPERS
• Components in mTool
- Filing information
- Disclosures
- Statements
- Notes

MODULE 2: Components of Financial Statements for mTool
• Statements
- Statement of Financial Position & Sub-Classification of assets, liabilities and equity
- Statement of Profit or Loss & Analysis of Profit or Loss
- Statement of Comprehensive Income – Net of Tax
- Statement of Cash Flows
- Statement of Changes in Equity
• Notes
- Corporate information
- Summary significant accounting policies
- List of notes
- Issued capital
- Related party transactions
- Retained earnings

MODULE 3: Guidance in Entry of the Financial Statements into MBRS template (practical hands-on session)
• Case Company 1: Audited financial statements of a Single Entity using MPERS for dormant non-listed company
• Case Company 2: Audited financial statements of a Single Entity using MPERS for active non-listed company
• Case Company 3: Audited financial statements of a Consolidated entity using MPERS for non-listed company
• Case Company 4: Audited financial statements of a Consolidated entity using MFRS for listed company

MODULE 4: CASE STUDY: Application of RPA, ML and AI in MBRS
• Issues and common errors in MBRS conversion
• Application of RPA, Machine Learning and AI in MBRS conversion – how to improve accuracy, save time and cost

(F) DETAIL & FEE

Date: 12 February 2020 (Wed)
Time: 9.00AM - 5.00PM
Venue: DoubleTree Hilton, Johor Bahru

Early Bird Offer (before 15 Jan 2020) - RM 500
Special Offer (before 29 Jan 2020) - RM 550
Normal Fee - RM 600

*Fee includes course Notes, Lunch, Refreshments/ Tea Breaks, Certificate of Attendance & 6% Government Service Tax

Discount
(i) 10% (overriding) for members of SST2u Loyalty Card

(G) SPEAKER PROFILE

DR YEE HUN LEEK
BSc (Econ) Hons (London), MSc (UoG),
PhD (Curtin) CA (M), FCCA (U.K),
CTP, CP (Consulting) AIMUK, PHF

Dr. Yee is an approved auditor and tax agent licensed by the Ministry of Finance; and a SSM Certified Trainer for MBRS. He has over 24 years of experience, including at KPMG Malaysia, in audit, tax, accounting, company secretarial and consultancy services. He has conducted GST / SST, auditing standards, accounting and tax related trainings for the Malaysian Institute of Accountants (MIA), the Malaysian Institute of Chartered Secretaries and Administrators (MAICSA), CCH / Wolters Kwuler (Malaysia), CPA Australia, universities and other training providers.

Dr, Yee is a Technical Consultant of a leading Cloud Accounting Software Provider which incorporated the application of Robotic Process Automation (RPA), Machine Learning (ML) and Artificial Intelligence (AI) in finance. He is currently involved in a project with a software developer utilizing RPA, ML and AI for MBRS conversion.

Dr. Yee holds a Bachelor of Science in Economics, majoring in Management Studies from the University of London; a Master of Science in Accounting & Finance from the University of Gloucestershire (U.K.); and a PhD in Accounting & Finance from Curtin University, Australia. He is a fellow member of The Association of Chartered Certified Accountants (U.K.), an ASEAN Chartered Professional Accountant, a Chartered Accountant of the Malaysian Institute of Accountant, and an associate member of the Chartered Tax Institute of Malaysia.

(H) REGISTRATION

Email: SSTcourse@gmail.com
Enquiry:
General (03 - 8082 3357)
Teo (011 - 3178 9203)
Logesh (012 - 503 0346)
Siti (012 - 383 8603)