[Online 3-Day] Practical MBRS For Preparers of Financial Statements Using MPERS
Course Information
  • 28-Sep-2020
  • Online
  • Dr. Yee Hun Leek
  • English
  • RM 680
  • 9.00am - 1.00pm
[01] INTRODUCTION
eXtensible Business Reporting Language (XBRL) is the open international standard for digital business reporting to improve financial reporting in terms of relevance, consistency, timeliness, and accuracy. 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 complexity, 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 need to be equipped with sound technical knowledge, adequate exposure and practical experience in Companies Act, the applicable accounting standards and financial reporting in Malaysia.
In this webinar, the participants will acquire hands-on practical knowledge to enter the financial statements components into the various MBRS templates of companies using MPERS to meet the MBRS reporting requirements. The webinar will also explore emerging technologies such as Robotic Process Automation (RPA), Machine Learning (ML), and Artificial Intelligence (AI) for MBRS conversion.

[02] COURSE 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 using MPERS into MBRS templates to acquire practical hands-on knowledge
• Application of RPA, ML and AI in MBRS conversion

[03] METHODOLOGY
This workshop will be interactive using power-point presentation, case studies and mTool
REMARKS: Participants are required to use a laptop with the latest mTool installed and calculator for the hands-on practical session. Additional laptop / desktop for webinar is required to facilitate effective hands-on session. Pre-course materials and instructions will be provided prior to webinar.

[04] WHO SHOULD ATTEND
• Accountant
• Accounts Executive
• Finance professionals
• Finance Manager
• Chief Finance Officer / Finance Directors
• Auditor
• Tax agent
• Company secretary
• Directors
• Business Owners
• Those who are involved in the review and submission of Financial Statements under MBRS

[05] DATE, TIME, FEE

Date : 29-30 Sep 2020 (Mon-Wed)
Time : 9.00am - 1.00pm
Duration: 3 Days
Fee:
- Normal Fee - RM 680

Fee includes Course Notes, Certificate of Completion & 6% Government Service Tax

[06] COURSE OUTLINE

MODULE 1: Overview of MBRS requirements
• Overview of the MBRS filing requirements and updates
• Understand the audited financial statements prepared using 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 using MPERS into MBRS templates (practical hands-on session and discussion)
• Case Company 1: Audited financial statements of Single Entity using MPERS (investment holding company)

MODULE 3: Guidance in Entry of the Financial Statements using MPERS into MBRS templates (practical hands-on session and discussion)
• Case Company 2: Audited financial statements of Single Entity using MPERS (trading and marketing company)

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

Day 1
Module 1: Overview of MBRS requirements 9:00am to 9:20am
Module 2: Components of Financial Statements for mTool 9:20am to 9:30am
Q&A session 9:30am to 9:40am
Module 3: Case Company 1 9:40am to 10:30am
Break 10:30am to 10:45am
Q&A session 10:45am to 10:55am
Module 3: Case Company 1 10:55am to 11:55am
Q&A session 11:55am to 12:05pm
Module 3: Case Company 1 12:05pm to 12:50pm
Q&A session 12:50pm to 1:00pm

Day 2
Recap of Day 1 9:00am to 9:15am
Module 3: Case Company 1 9:15am to 10:20am
Q&A session 10:20am to 10:30am
Break 10:30am to 10:45am
Q&A session: Module 3: Case Company 2 10:45am to 11:45am
Module 3: Case Company 2 11:45am to 11:55am
Q&A session 11:55am to 12:25pm
Module 3: Case Company 2 12:25pm to 12:45am
Q&A session 12:45pm to 1:00pm

Day 3
Recap Day 2 9:00am to 9:15am
Module 3: Case Company 2 9:15am to 10:20am
Q&A session 10:20am to 10:30am
Break 10:30am to 10:45am
Module 3: Case Company 2 10:45am to 11:45am
Q&A session 11:45am to 11:55am
Module 3: Case Company 2 11:55am to 12:25pm
Q&A session 12:25pm to 12:35am
Module 4: Case study - Application of RPA, ML and AI in MBRS 12:35pm to 12:50am
Q&A session 12:50pm to 1:00pm


[07] SPEAKER PROFILE

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

Dr. Yee is an Adjunct Associate Professor, Faculty of Business, Economics & Accounting of a private university in Malaysia. 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 25 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.

[08] ENQUIRY & REGISTRATION

Enquiry: SSTcourse@gmail.com
Contact:

Teo (011 - 3178 9203)
Logesh (012 - 503 0346)
Siti (012 - 383 8603)
Han (019 - 323 0507)