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 as certain the best treatment and presentation possible. It also looks into the Corporate Governance requirements on other information.
Explore the requirements and discuss the most effective way these information may be presented by signing up for this programme, now.
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 effecting the financial year 2019
(C) COURSE SCOPE
1. THE STATEMENT OF FINANCIAL POSITION
• Assets: Valuation and disclosure
• Liabilities: Recognition and disclosure
• Reserves: Creation and disclosure
2. THE STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
• Revenue: When to recognise, and impact
• Expenses: Impact on actual profits and taxes
• Taxes and financing costs
• Profits and what it means
• Requirements of MFRS 101
• MFRS 15 requirement
3. STATEMENT OF CHANGES IN EQUITY
• The presentation and its component
• MFRS 101 requirement
4. THE CASH FLOW STATEMENT AND THE STATEMENT OF CASHFLOW
• Operating activities: What it really means
• Financing activities: Their impact on the business
• Investing activities and the future
• MFRS 107 disclosures
• 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
6. FINANCIAL INSTRUMENTS
• What are financial Instruments?
• When are they equity?
• When are they liabilities?
• MFRS 9 and its requirements
(D) DETAIL & FEE
Date: 20 January 2020 (Mon)
Time: 9.00AM - 5.00PM
Venue: Royale Chulan Hotel, Seremban
Early Bird Offer (before 14 Dec 2019) - RM 490
Special Offer (before 28 Dec 2019) - RM 550
Normal Fee - RM 610
*Fee includes course Notes, Lunch, Refreshments/ Tea Breaks, Certificate of Attendance & 6% Government Service Tax
(i) 10% (overriding) for members of SST2u Loyalty Card
(E) SPEAKER PROFILE
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
General (03 - 8082 3357)
Teo (011 - 3178 9203)
Logesh (012 - 503 0346)
Siti (012 - 383 8603)