Programme Outline
Day 1 | 30 June 2014
09:00
09:15
09:15
10:30
Day 2 | 1 July 2014
Liabilities
Welcome address
MASB
Sec 20 Leases
Sec 21 Provisions and Contingencies
Sec 28 Employee Benefits
Overview of each section of the
IFRS for SMEs highlighting:
Quiz and discussion
1.
2.
3.
liabilities
Michael Wells
differences from full IFRSs;
financial statement presentation
issues; and
first-time adoption issues
Michael Wells
10:30
11:00
11:00
12:30
TEA BREAK
Overview of each section of the
IFRS for SMEs highlighting:
Open Safari case study
estimates
1.
2.
Michael Wells
3.
differences from full IFRSs;
financial statement presentation
issues; and
first-time adoption issues
judgements and
continued
Michael Wells
12:30
13:30
LUNCH
Accounting policies estimates and errors
13:30
15:00
Amalgam case study: what to do when the
IFRS for SMEs does not specify explicitly how
to account for a particular transaction,
other event or condition
Financial instruments
and equity
Sec 11 Basic Financial Instruments
Sec 12 Other Financial Instrument Issues
Sec 22 Liabilities and Equity
Quiz and discussion
Michael Wells
including liabilities
financial instruments
Darrel Scott
15:00
15:30
TEA BREAK
Assets
15:30
16:15
16:15
16:30
Business combinations and consolidations
Sec 13 Inventories
Sec 14 Associates
Sec 15 Joint Ventures
Sec 16 Investment Property (including
SMEIG Q&A 2012/01)
Sec 17 Property Plant and Equipment
Sec 18 Intangible Assets
Sec 24 Government Grants
Sec 27 Impairment of Assets
Quiz and discussion
Michael Wells
assets
Darrel Scott
Closing
MASB
The Malaysian Accounting Standards Board (MASB) in collaboration with the IFRS Foundation and the
Malaysian Institute of Accountants (MIA) is organising a two-day workshop on the International Financial
Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) issued by the International Accounting
Standards Board (IASB) in July 2009.
In February 2014, the MASB issued a new financial reporting framework for private entities called
the Malaysian Private Entities Reporting Standard (MPERS) which is word-for-word the IFRS for SMEs except for
the requirements on income tax and property development activities plus some terminology changes. The
MPERS takes effect for financial statements beginning on or after 1 January 2016.
The workshop will provide an insight for private entities into the requirements for IFRS for SMEs and will be
helpful for those seeking to develop their capacity to provide subsequent training to others on MPERS or IFRS
for SMEs.
When and Where?
30 June - 1 July 2014
Le Meridien Kuala Lumpur
2 Jalan Stesen Sentral , Kuala Lumpur Sentral,
50470 Kuala Lumpur, Malaysia
Fee
RM750 per pax
Ways to Register
Mail:
Mail the completed form with payment to:
Registrations Team,
Malaysian Accounting Standards Board,
Suite 5.2, Level 5, Wisma UOA Pantai,
No.11, Jalan Pantai Jaya,
59200 Kuala Lumpur, Malaysia.
SEATS ARE LIMITED.
REGISTER NOW!
Telephone: 00 (603) 2240-9200
Fax:
00 (603) 2240-9300
Email:
events@masb.org.my
Workshop Facilitators
Darrel Scott
Member of the IASB and Chairman of the SME Implementation Group
Darrel Scott was formerly CFO of the First Rand Banking Group, one of the largest financial
institutions in South Africa. He had responsibility for both statutory and regulatory financial
reporting under the Basel II Accords and served on various Governance, Risk, Operation and
Strategic Committees of the Group.
He was also a member of the IASB's IFRIC, a position from which he resigned to become an
IASB member, and was formerly a member of the IFRS Foundation's Standards Advisory Council
(SAC), now called the IFRS Advisory Council.
Michael Wells - Director of IFRS Education Initiative
Michael Wells leads the education initiative of the IFRS Foundation. He qualified as a South
African chartered accountant with Ernst & Young before being seconded to work out of the
Professor responsible for the financial accounting section of a South African university.
He also served as an independent evaluator of professional qualifying examinations. He is a
member of a number of international accountancy education advisory groups.
Registration Form
Participants Details
Organisation Details
1st Participant Full name as per I/C (Dato/Datin/Dr/Mr/Mrs/Ms)
Organisation name
____________________________________________________________
_____________________________________________________________
Designation
____________________________________________________________
Contact Person
_____________________________________________________________
MIA Membership No (if applicable)
____________________________________________________________
Address
_____________________________________________________________
Email
____________________________________________________________
_____________________________________________________________
Tel No
Fax No
____________________________________________________________
Email
_____________________________________________________________
2nd Participant Full name as per I/C (Dato/Datin/Dr/Mr/Mrs/Ms)
____________________________________________________________
Tel No
Fax No
_____________________________________________________________
Designation
____________________________________________________________
Terms & Conditions
MIA Membership No (if applicable)
____________________________________________________________
Email
____________________________________________________________
Tel No
Fax No
____________________________________________________________
Payment Details
1. By Telegraph Transfer
Payments made by bank transfer must be made without
charges to the beneficiary and payable to LEMBAGA
in Malaysian Ringgit
(RM).
Details as follows:
Account number: 80-0043029-6
SWIFT Code: CIBBMYKL
CIMB Bank Berhad, Menara UAB Branch, No. 6 Jalan Tun
Perak, 50050 Kuala Lumpur, Malaysia.
IMPORTANT: Please include a copy of the bank transfer or bank-in slip with
the completed registration form. The MASB is not responsible for payments
not received.
Workshop fee
Fee includes course materials, lunch and 2 tea breaks per day.
Admission will only be permitted upon receipt of full payment
and availability of seats. Therefore, registrations would be on
first-come, first-serve basis.
Cancellation / Transfer
All cancellations must be submitted in writing via email
to events@masb.org.my
Any cancellation received on or before 16 June 2014
will result in a cancellation fee of 25% (of the workshop
fee)
No refund will be made to any cancellations received
on 17 June 2014 and thereafter.
No refund will be given for no show.
If you are not able to attend, you can substitute an
alternate delegate.
MIA CPE Hours
For MIA members, the 16 CPE hours will be credited into the
Membership System within 2 weeks after the event provided
that the membership number was provided in the registration
form.
2. By Cheque
Full payment in RM made payable to
. Please state your name and
phone number at the back of the cheque.
Data Protection
The cheque should be banked-in directly to our CIMB bank
account 80-0043029-6 and email or fax us the bank-in slip
together with the completed registration form.
Disclaimer
Alternatively, the cheque can be sent to the MASB address.
Bank and Cheque Number
__________________________________________________________
Total Amount: RM
__________________________________________________________
IMPORTANT: Please include a copy of the bank transfer or bank-in slip with
the completed registration form. The MASB is not responsible for payments
not received.
Personal Data is gathered in accordance with the Personal
Data Protection Act 2010 (Act 709).
The MASB reserves the right to:
alter this program or facilitator(s) without further notice;
cancel the event due to insufficient numbers; and
reject registration should the registration exceeds the
seats available.
By completing this registration form, you are deemed to have
read and accepted the terms and conditions.