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.
The preparation of financial statements requires compliance with detailed requirements of Financial Reporting Standards And Company Law. The correct treatment and presentation will be elaborated during the training. For instance, the Companies Act requires the minimum disclosure in financial statements on
• Presentation Of Financial Statements MMFRS 101
• Provisions MMFRS 137
• Cash flow Statement MMFRS 107
• Related Parties transaction MMFRS 124
• Financial Instruments MFRS 9
The Annual Report also contains the Directors Report, Chairman’s Report and other Statutory Information, including Corporate Governance requirements. We shall explore these requirements and discuss the most effective way these information may be presented.
 COURSE OBJECTIVES
• 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
 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
 METHOD OF ASSESSMENT
Assessment will be provided at the end of the course and submit online for review. Upon successfully passing the assessment, IAAP Certificate will be awarded
 DETAIL & FEE
Date: 20 - 21 October 2021 (Wed - Thu)
Time: 9.00am - 5.00pm
Mode: Online/ Interactive
[ HRDF Claimable | SBL KHAS ]
- Early Bird Offer (before 30 Sep 2021) - RM 1,000
- Special Offer (before 14 Oct 2021) - RM 1,100
- Normal Fee - RM 1,200
>> *Fee inclusive of IAAP Certificate Examinations Others: Includes Course Notes, Exercises, Assignments, Certificates, Transcript and 6% Government Service Tax
** OFFER **
- 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied.
 COURSE EMPHASIS
• The Balance Sheet
• Income Statement
• Statement of Changes in Equity
• The Cash Flow Statement
• Other Statements in Annual Report
• Relevant MFRS
 COURSE FEATURES
 THE STATEMENT OF FINANCIAL POSITION
• Assets, their valuation and their disclosure
• Liabilities, their recognition and their disclosure
• Reserves, their creation and their disclosure
 THE STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
• 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 118 requirement
 THE STATEMENT OF CHANGES IN EQUITY
• The presentation and its component
• MFRS 101requirement
 THE CASH FLOW STATEMENT
• Operating activities, what it really means
• Financing activities, their impact on the business
• Investing activities and the future
• MFRS 107 disclosures
 OTHER STATEMENTS IN ANNUAL REPORT
• Director’s report
• Chairman’s report
• Profile of directors
• Corporate information
 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 139 and its Requirements
 SPEAKER PROFILE
C.A. (M), FCCA, MIAE
Tharmaseelan 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
 ABOUT IAAP
The International Association of Accounting Professionals (IAAP) has been established to provide internationally recognised qualification for accounting professionals and, through that recognition, to enhance their status in the financial and business communities. Holders of a current IAAP membership certificate can enjoy the benefits of this international recognition in their careers.
The IAAP ‘Accounting Professional’ also enjoys the prestige and status that is conferred by this title. IAAP is a wholly owned subsidiary of the prestigious International Association of Bookkeepers which is headquartered in the UK. The International Association of Bookkeepers (IAB) has over 10,000 members across 60 countries, and is one of the most prestigious not-for-profit organisations for professional bookkeepers in the world. Regulated in England by Ofqual (the Office of Qualifications and Examinations Regulation - a non-ministerial government department that regulates qualifications, exams and tests), the IAB is both a government-approved and a statutory supervisory body. Setting world-class standards, IAAP and the IAB offer students worldwide the chance to gain the very best financial qualifications – as well as lifelong skills.
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