Malaysian Private Entities Reporting Standard (MPERS): 26 Sep 2016
The Final Call – Where Are You Now?
26 September 2016 | 9:00 a.m. - 5:30 p.m. | Meet Point 1 & 2, Level 15, Menara LGB, Kuala Lumpur
Time is running out. Private entities that have chosen to adopt the Malaysian Private Entities Reporting Standard (MPERS), as its financial reporting framework is required to present its first set of financial statements under MPERS for the financial year ending 31 December 2016. In this regard, preparation for transitioning from the existing Private Entity Reporting Standards (PERS), to MPERS should have commenced.
The comparatives (i.e. 2015 figures) will need to be restated in accordance with MPERS. This transitioning process may not be a straight-forward exercise and may require significant time and effort. So, where are you now in the transitioning process?
This seminar will assist to steer you onto the right path and ensure you are on the important transitioning exercise.
Participants will be able to identify the key actions and considerations required, including the accounting policy choices to be made on transitioning to MPERS.
To this end, participants will have a quick yet insightful understanding of the transitioning process as well as obtaining an understanding of the concepts and pervasive principles underlying MPERS.
Participants will be able to obtain a good understanding in the following areas:
- Actions for first-time adoption implementation;
- Key impacts on first-time adoption, including the accounting policy options;
- Key differences between PERS and MPERS;
- Concepts and pervasive principles of MPERS; and
- Tax related matters.