26 March 2019 | Morning session: 8:00 a.m. - 12:30 p.m. | Afternoon session: 1:30 p.m. - 6:00 p.m.
The Malaysian Accounting Standards Board (the Board) had issued new accounting standards, namely MFRS 15 Revenue from Contracts with Customers and MFRS 9 Financial Instruments (the new Standards) which was effective for annual periods beginning on or after 1 January 2018.
These new Standards will likely present several technical accounting and key implementation challenges for entities.
We are delighted to invite you to our public seminars as below, offering you the opportunity to understand the new requirements of these accounting standards to adequately prepare you to deal with the related implications.
MFRS 15 Revenue from Contracts with Customers Public Seminar
The introduction of MFRS 15 marks a major change in one of the most important topics for financial reporting – revenue recognition. Companies across all industries have experienced impact on many aspects of business.
This session will focus to bring participants the understanding of the requirements of MFRS 15 Revenue from Contracts with Customers.
|8:00 a.m.||Registration and refreshments|
|8:30 a.m.||The core principles of MFRS 15 (Part I)|
|10:45 a.m.||The core principles of MFRS 15 (Part II)|
|12:30 p.m.||End of morning session|
Disclosure Requirements - MFRS 15 and MFRS 7
With the introduction of MFRS 15 Revenue from Contracts with Customers and MFRS 9 Financial Instruments, and an effective date of 1 January 2018, companies across all industries will need to present financial statements in accordance to the extensive disclosure requirements based on the newly implemented accounting standards.
This tea time session will focus on the extensive disclosure requirements by MFRS 15 Revenue from Contracts with Customers and MFRS 7 Financial Instruments: Disclosures.
|2:00 p.m.||Overview of MFRS 15 and MFRS 9|
|2:45 p.m.||Disclosure requirements for MFRS 15|
|4:30 p.m.||Disclosure requirements for MFRS 7|
Join us in these sessions where our business advisory professionals will share a brief overview and disclosure requirements for the new accounting requirements and standards.
|Public Seminar - March 2019||RM350 per participant|
|Morning Session: MFRS 15
Revenue from Contracts with Customers Public Seminar
|RM200 per participant|
|Afternoon Session: Disclosure Requirements - MFRS 15 and MFRS 7||RM200 per participant|
(Fee inclusive of morning and afternoon refreshments and training materials)
CPE hours/CPD points
Credit points under the Continuing Professional Education (CPE) and/or Continuing Professional Development (CPD) programmes will be awarded to members of:
- Malaysian Institute of Accountants (MIA)
- Malaysian Institute of Certified Public Accountants (MICPA)
- Association of Chartered Certified Accountants (ACCA)
- CPA Australia
HRDF Application to Human Resources Development Berhad (HRDB) for SBL assistance must be submitted by the participants before the commencement of the seminar. Completed forms are to be submitted online.
*Company’s eligibility for SBL assistance is subject to HRDF’s approval. Deloitte PLT is a registered training provider with HRDF.
Public seminaropen in new window Click here
Izzad has more than 10 years of experience in the public accounting practice. Prior to joining Deloitte, he was Head of Finance and ICT in a multinational company and a Senior Audit Manager in another Audit firm.
Izzad’s clients include small and medium enterprises (SMEs) and multinational and public-listed companies from various industries including banking and financial markets, manufacturing, retail, media and commerce. He also has extensive experience with clients from the banking sector and government-linked companies (GLCs).
He was also a manager in an advisory practice specialising in banking and capital markets. His advisory exposure includes being a programme manager and advisor for the setup of the Islamic Banking Window of a foreign bank, facilitator and content developer for a senior management strategy retreat for a leading development financial institution and manager for a simulation exercise involving a bank failure for a leading statutory body.
He is a member of the Institute of Chartered Accountants in England and Wales (ICAEW) and the Malaysian Institute of Accountants (MIA) with a degree in accounting science from Cardiff University, United Kingdom.
Mohamad Faisal Rasheed
Faisal has more than 12 years of experience in the public accounting practice with Deloitte. His experience comprises clients ranging from small limited companies to large public-listed companies and multinational corporations involved in financial services, manufacturing, banking, Real Estate Investment Trusts (REIT), property development, trading and services.
He has advised companies on the adoption of appropriate accounting policies and practices and was involved in Malaysian Financial Reporting Standards, International Financial Reporting Standards, implementation projects and various accounting advisory services in Malaysia and Cambodia.
Faisal has also developed MFRS 9 assessment tools to assist clients in the adoption of the said standard and involved various accounting advisory engagements to advise on specific accounting treatment.
Foo Mei Yin
Senior Manager, Assurance
Mei Yin has experience in the public accounting practice in other Big Four firm. She has been involved in the audits of local subsidiaries of large multinational corporations, public and private companies that operate in various industries including property development and construction, conglomerate (investment holding, distribution, property management, plantation, property development and secretarial), Real Estate Investment Trusts (REIT), education, engineering services, trading, manufacturing and retail industries.
She has advised companies on the adoption of appropriate accounting policies and practices and was involved in Malaysian Financial Reporting Standards implementation projects and various accounting advisory services.
She currently provides technical support to the Audit and Assurance Service line.
Choo Yung Siong, Dennis
Senior Manager, Assurance
Dennis has over 7 years of audit and consulting experience in various Big four firms and various industries including manufacturing and construction industries. He has extensive experience in leading project management office for a few big implementation engagements in the past.
Dennis has conducted trainings and workshops on IFRS/ MFRS for various industries such as properties developer, automotive, construction, logistics and etc.
He has also advised companies on the adoption of appropriate accounting policies and practices and was involved in Malaysian Financial Reporting Standards implementation projects and various accounting advisory services.
We are also delighted to extend this invitation to additional guests within your finance team. Seats are limited and registration is on a first-come, first-served basis.
If you have any questions, feel free to contact the following:
|Ser Kai Cheanfirstname.lastname@example.org||+603 7610 8043|
|Veenashri Padmanathanemail@example.com||+603 7610 8693|
The organiser reserves the right to cancel and/or make changes to the programme, venue, speaker(s)/ facilitator(s) and/or topic(s) if warranted by circumstances beyond its control.