1415mae mfrs ifrs overview and update 9 & 10 june 2015 kl_ christina
DESCRIPTION
Update: on the current development of MFRS/IFRS Implementation: Get an understanding of theinfluence of MFRS/IFRS on management practicesand audit procedures and the impact on thefinancial performance, financial positions, andimplications on financial ratiosTRANSCRIPT
n 9 & 10 June 2015 n 9.00am – 5.00pm n Concorde Hotel, Kuala Lumpur
MFRS/IFRS Overview and Update
Standards are constantly changing due to improvements, amendments and new issues, thus keeping up to date with MFRS/IFRS is a daunting task for every accountant in practice.
CCH Executive Events presents a workshop that attempts to make the task easier by giving an overview on the existing Standards and a brief on the recent exposure drafts and discussion papers.
1 Overview of selected Standards
2 IFRS Technical Update 2015 (Will include latest technical issues at seminar date)
2.1 A brief on IASB’s current work plan
2.2 New and Amended Standards with effective date 1 January 2015 onwards
Update: on the current development of MFRS/IFRS Implementation: Get an understanding of the influence of MFRS/IFRS on management practices and audit procedures and the impact on the financial performance, financial positions, and implications on financial ratios
Benefits of Attending Accountants Compliance Officers Preparers of Financial Statements Auditors (internal and external) Company Directors Regulators Company Secretaries
Who Should Attend
Workshop Leader
Programme Outline
Workshop Leader Danny Tan has over 30 years of working experience in public practice, commerce and industry. He was trained with a firm of Chartered Accountants in London where he worked for over 10 years and he also worked for 5 years in a number of UK-based MNCs. In the last 15 years he is a partner of a consulting firm providing financial training and consultancy for firms in public practice, multinational companies, governments, regulators and professional institutions in financial reporting matters in several countries.
Danny specialises in IFRSs and International Public Sector Accounting Standard (IPSAS). He is currently engaged as a project manager with the MASB in several projects. He holds an Honours Degree in Economics, two master degrees – an MBA and a Master in Business Practice. He is a member of several professional institutions – CIMA, ACCA, ISCA, MIA.
MFRS IFRS Standards
Presentation and Disclosure of Financial Statements
MFRS101 IAS01 Presentation of Financial Statements
MFRS107 IAS07 Statement of Cash Flows
MFRS124 IAS24 Related Party Disclosures
MFRS08 IFRS08 Operating Segments
Accounting Policies and Accounting for Taxation
MFRS1 IFRS1 First-time Adoption of MFRS/IFRS
MFRS108 IAS08 Accounting Policies, Changes in Accounting Estimates and Errors
Revenue Recognition and Measurement
MFRS118 IAS18 Revenue
MFRS111 IAS11 Construction Contracts
Update on “Revenue from Contracts with Customers”
Standards Affecting Measurement of Assets and Liabilities
MFRS123 IAS23 Borrowing Costs
MFRS121 IAS21 The Effect of Changes in Foreign Exchange Rates
MFRS13 IFRS13 Fair Value Measurement
Selected Standards Dealing with Specific Transactions and Events
MFRS112 IAS12 Income Taxes
MFRS10 IAS10 Events After the Reporting Period
MFRS2 IFRS2 Share-based Payments
Liabilities (Accounting for Obligations)
MFRS37 IAS37 Provisions, Contingent Liabilities and Contingent Assets
MFRS120 IAS20 Accounting for Government Grants and Disclosure of Government Assistance
MFRS119 IAS19 Employee Benefits
MFRS17 IAS17 Leases
Update on “Leases”
Tangible and Intangible Assets
MFRS02 IAS02 Inventories
MFRS16 IAS16 Property, Plant and Equipment
MFRS140 IAS40 Investment Property
MFRS138 IAS38 Intangible Assets
MFRS05 IFRS05 Non-current Assets Held for Sale and Discontinued Operations
MFRS136 IAS36 Impairment of Assets
Financial Instruments
MFRS132 IAS32 Financial Instruments: Presentation
MFRS139 IAS39 Financial Instruments: Recognition and Measurement
MFRS07 IFRS07 Financial Instruments: Disclosure
MFRS9 IFRS9 Financial Instruments(Technical brief and update)
Business Combinations and Accounting for Investments Interests
MFRS03 IFRS03 Business Combinations
MFRS127 IAS27 Separate Financial Statements
MFRS128 IAS28 Investments in Associates and Joint Ventures
MFRS10 IFRS10 Consolidated Financial Statements
MFRS11 IFRS11 Joint Arrangements
MFRS12 IFRS12 Disclosure of Involvement with Other Entities
Date Issued Effective Date
New and Amended Standards Issued in 2015
(Will include latest technical issues at seminar date)
New and Amended Standards Issued in 2014
IFRS 14 Regulatory Deferred Accounts 30 Jan 2014 1 Jan 2016
Accounting for Acquisition of Interest in Joint Operations(Amendments to IFRS 11)
6 May 2014 1 Jan 2016
Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS16 and IAS 38)
12 May 2014 1 Jan 2016
IFRS 15 Revenue from Contracts with Customers 28 May 2014 1 Jan 2017
Agriculture: Bearer Plant: (Amendments IAS16 & IAS41) 30 Jun 2014 1 Jan 2016
IFRS 9 Financial Instruments 24 Jul 2014 1 Jan 2018
Equity Method in Separate Financial Statements(Amendments to IAS27)
13 Aug 2014 1 Jan 2016
Sale or Contribution of Assets between and Investor and its Associate or Joint Venture (Amendments to IFRS10 and IAS28)
11 Sep 2014 1 Jan 2016
Annual Improvements 2011-2014 Cycle 25 Sep 2014 1 Jan 2016
IFRS Disclosure Initiative (Amendment to IAS1) 18 Dec 2014 1 Jan 2016
IFRS Investment Entities: Applying the Consolidation Exemption (Amendment to IFRS10, IFRS12 & IAS28)
18 Dec 2014 1 Jan 2016
2.3 Exposure Drafts
Exposure Drafts Issued in 2015 Date Issued
(Will include latest technical issues at seminar date)
Exposure Drafts Issued in 2014
ED/2014/1Disclosure InitiativeProposed Amendments to IAS1
25 Mar 2014
ED/2014/2Investment Entities: Applying Consolidation Exemption Proposed Amendments to IFRS10 & IAS28
11 Jun 2014
ED/2014/3Recognition of Deferred Tax Assets for Unrealised LossesProposed Amendments to IAS12
20 Aug 2014
ED/2014/4Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associated at Fair Value(Proposed Amendments to IFRS10, IFRS12, IAS27 & IAS28 & IAS36 Illustrative Examples for IFRS13)
16 Sep 2014
ED/2014/5Classification and Measurement of Share-based Payment Transactions (Proposed Amendments to IFRS2)
25 Nov 2014
ED/2014/6 Disclosure Initiative (Proposed Amendments to IAS7) 18 Dec 2014
CCH Executive EventsTAX & ACCOUNTING SERIES
MFRS/IFRS Overview and Update
9 & 10 June 2015 , Kuala Lumpur
Registration Form
WORKSHOP DETAILS
MFRS/IFRS Overview and Update
In-house corporate training programme is also available!For more details, please email [email protected]
REGISTRATION INFORMATION
SPONSORSHIP OPPORTUNITIES
THE ORGANISER
Date : 9 & 10 June 2015Time : 9.00am – 5.00pmVenue : Concorde Hotel, Kuala Lumpur
HRDF ClaimsThis workshop is HRDF-SBL claimable, subject to the approval of HRDF.
Pursuant to the provisions of the DIRECT SALES ACT 1993, the registration form herein shall only be used by body corporate. Since Commerce Clearing House (M) Sdn Bhd is unable to accept any individuals who are not body corporate, individual applicants who wish to attend are requested to register themselves at Level 26,Menara Weld, 76 Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia or call us forregistration procedure.
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Payment By Cheque: All cheques should be crossed, marked A/C payee only and made payable to “Commerce Clearing House (M) Sdn Bhd” with the title of the programme(s) indicated clearly on the back of the cheques.
Cancellation and Substitution PolicyA substitute delegate is welcome at any time at no extra charge if the registeredparticipant is unable to attend. Full payment will be charged if cancellation is made after 26 May 2015. This also applies to no show on the day of event. All notices ofcancellation or replacements must be made in writing and acknowledged by Wolters Kluwer via email or fax.
Programme ChangesWolters Kluwer reserves the right to amend or cancel the event due to unforeseen circumstances.
GST1. Prices are GST inclusive wherever applicable (with effect from 1 April 2015).2. Commerce Clearing House (Malaysia) Sdn Bhd has registered for GST under the Goods Services Act 2014 (GST Registration No: 000473956352). The existing 6% will be levied on any taxable supply of goods and services made on or after 1 April 2015.
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CCH Executive Events is the seminar and conference arm that offers timely business critical information, insights and analysis conducted by industry practitioners and academics to provide participants a well-balanced blend of theoretical fundamentals and practical applications. We are backed by over 100 years of multi-national publisher background in a wide array of professional topics especially Taxation, Accounting, Auditing, Corporate Law, Company Secretarial Practice, Business Law, and Employment Law & Human Resources.
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Fee includes workshop materials, certificate of attendance,lunch and refreshments
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Christina 603.2024.8622 / 6014.933.7550 Email [email protected] Website www.cch.com.my Address COMMERCE CLEARING HOUSE (M) SDN BHD Level 26, Menara Weld, No. 76, Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia.
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