February 2018 - MIA CPE - Malaysian Institute of Accountants

pd.mia.org.my

mia continuing professional education series

january&february

2018

GOODS & SERVICES TAX (GST) –A Preparatory Course for GST Consultants and Accountants. Supported by Royal Malaysian Customs Dept. Call us for details.

11 January 2018 MIA Office, Kuala Lumpur [LIMITED SEATS] STRICTLY ONLINE REGISTRATION

Arriving at one goal is the starting point to another.

www.mia.org.my/new/ 1_event_detail.asp?id=EDUSE180111A *First Come, First Served! *Terms & Conditions apply

JOHN DEWEY

Winner of

HUMAN RESOURCES MINISTER AWARD 2011 TRAINING PROVIDER CATEGORY

DON'T MISS THIS!

COMPLIMENTARY BREAKFAST TALK FOR MIA MEMBERS Preserving the Integrity of the Financial System: Prevention of Money Laundering & Terrorism Financing

UNCLAIMED MONEYS ACT 1965

Recently, the Unclaimed Moneys Act 1965 has also become one of the core areas in assessing the competency of candidates attempting the audit approval interview at the Accountant General’s Department. The purpose of this article is to provide some basic information about the Act and to create awareness among auditors on the obligations of their clients under the Unclaimed Moneys Act 1965.

remained dormant for a period of not less than two years, e.g. trade creditors account and trade debtors account with credit balance. (B)

Auditor’s responsibilities with respect to the Unclaimed Moneys Act 1965

• Any Board established to manage funds relating to retirement benefits;

In conducting an audit of financial statements, the auditor takes into account the applicable legal and regulatory framework. As provided under ISA 250 Consideration of Laws and Regulations in an Audit of Financial Statements, auditors are responsible to identify material misstatement of the financial statements due to non-compliance with laws and regulations. However, auditors are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. About the Unclaimed Moneys Act 1965 The Ministry of Finance appointed the Accountant General as the Registrar to carry out the responsibilities and functions for Unclaimed Moneys Act 1965, with effect from 1 June 1975. The Registrar is responsible for carrying out the obligations and functions vested under Part II of the Unclaimed Moneys Act 1965 as follows: •

As trustee to the unclaimed moneys received;

•

To refund the unclaimed moneys to claimants who provide proof that he has a legal right over the money to be claimed;

•

To inspect the records of company or firm to ensure compliance with the provisions of the Act; and

•

To suggest the imposition of compound and penalty on company or firm that has committed an offence under the Act.

(A)

Definition of unclaimed moneys: • Moneys which are legally payable to the owner but have remained unpaid for a period of not less than one year after they have become payable, e.g. salaries, wages, bonuses, commissions, dividends, etc. • Moneys standing to the credit of an account that has not been operated in whatever manner by the owner for a period of not less than seven years, e.g. savings account, current account and fixed deposit (with automatic renewal instructions).

Who should comply with the provision of the Act? • All companies incorporated under the provisions of the Companies Act 2016;

• All registered societies and cooperative societies; • All corporations, public authorities and trade unions; • All firms (i.e. unincorporated body of persons associated together to carry out business). (C)

Requirement to register and lodgement of unclaimed moneys • Every company or firm holding unclaimed monies shall maintain a record of all unclaimed monies in a register to be kept at its principal office or place of business in Malaysia in the form to be determined by the Registrar. • The company or firm shall annually not later than the last day of March, lodge with the Registrar at his office a copy of the register which shall contain particulars of all unclaimed moneys which have remained unpaid up to last day of December of the previous year together with all the unclaimed moneys to the Registrar.

Starting from 2016, submissions of unclaimed moneys must be done through online banking. More information about Unclaimed Moneys Act 1965 can be found at http://www.anm.gov.my/index.php/en/khidmat/ wang-tak-dituntut To learn more about the obligations of your client companies or firms under the Unclaimed Moneys Act, please register for the Awareness Program of Unclaimed Moneys Act 1965 which is held monthly and organised by JANM in all states. The briefing schedule can be obtained at http://www.anm. gov.my/index.php/en/jadual-taklimat-wang-tak-dituntut

• Moneys to the credit of a trade account that has This article is for general information only, and should not be used as a substitute for professional advice, nor as a basis for any business decision or action taken (or not taken). MIA shall not be liable for any loss, damage or costs howsoever arising, as a result of any person acting on reliance of the article, or arising out of any omission from it.

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FINANCIAL REPORTING STANDARDS & ACCOUNTING OBJECTIVES • Gain the skills needed to determine recognition of revenue • Learn to steer through the complex technical requirements of the Standard • Understand the impact of GST and Income Tax on this Standard

MFRS 15: Mastering Revenue Recognition with the Impact of GST and Income Tax Fully illustrated with case studies MFRS 15 provides guidance on when revenue should be recognised and how it should be measured, as well as new qualitative and quantitative disclosures to understand the nature, amount, timing and uncertainty of revenue. Gain an understanding on how to account for revenue, as well as the impact of GST and Income Tax on this Standard.

OUTLINE • Applying the New 5-Step Process to Recognise Revenue: » Step 1. Identify the Contract with the Customer » Step 2. Identify the Performance Obligations » Step 3. Determine the Transaction Price » Step 4. Allocation of the Transaction Price » Step 5. Recognise Revenue When the Entity Satisfies a Performance Obligation • Other Important Issues • Presentation and Disclosure Requirements • Implementation of and Transitioning to MFRS 15 • GST and Income Tax Impact will be discussed where applicable

WHO SHOULD ATTEND • CFOs • Financial Controllers • Finance Managers • Tax Managers • Tax Consultants • Chartered Accountants and Advisors • Auditors

LATEST

NEW

PROGRAMME

8

CPE HOURS GAINED

DATE, VENUE & CONTACT INFO Date : 15 January 2018 Venue : Hilton Petaling Jaya Contact : Azlina Tel : 03 2722 9112 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795

FACILITATOR J SELVARAJAH

METHODOLOGY PowerPoint and whiteboard presentation of MPERS illustrative examples in practice, with comprehensive explanation of the principles, and discussions.

FINANCIAL REPORTING STANDARDS & ACCOUNTING

Detailed Analysis and Application of the Three New Standards MFRS 9, MFRS 15 & MFRS 16

The implementation of these three core standards: MFRS9, MFRS15, and MFRS16, would significantly impact many businesses in their performance, financial position, cash flows and key financial ratios. Gain a comprehensive understanding and practical guidance on applying MFRS15, plus a technical brief on MFRS9 and MFRS16.

OBJECTIVES • Gain a comprehensive practical guidance on applying MFRS15, a technical brief on MFRS9 and MFRS16, and the interrelationship between these Standards • Analyse the critical differences between the existing and the new Standards • Examine how commercial arrangements, contracts or contractual terms could affect the application of these three Standards • Understand the impact and effects on performance, financial position, cash flows and key financial ratios, after implementation of the Standard

OUTLINE DAY 1 MFRS15 REVENUE FROM CONTRACTS WITH CUSTOMERS • The Five Practical Steps of Applying MFRS/IFRS15 » Step 1 Identifying and assessing existence of a contract with customer » Step 2 Establishing present obligation(s) in the contracts » Step 3 Determining the transaction price » Step 4 Allocating the transaction price » Step 5 Recognising revenue upon transfer of control • Recognition Issues » Dealing with “revenue contract” » Dealing with “performance obligations” • Measurement Issues » Allocation of transaction price to performance obligations » Allocation of discount » Variation to transaction price • Dealing with Contract Costs » Contract cost when revenue is recognised » Under what circumstances contract costs can be impaired • Presentation and Disclosure

Please see full brochure for programme details / The above programme fees are inclusive of 6% GST.

» Presenting revenue in the main financial statements » Qualitative and quantitative disclosure • Transitional Provisions » Dealing with transition from existing Standards to IFRS 15 DAY 2 IFRS9 FINANCIAL INSTRUMENTS • A technical brief and highlight of similarity and difference between IAS39 and IFRS9: » Chapter 1 Objectives » Chapter 2 Scope » Chapter 3 Recognition & Derecognition » Chapter 4 Classification » Chapter 5 Measurement » Chapter 6 Hedge Accounting TRANSITIONAL PROVISIONS FOR MFRS9 and MFRS16 METHODOLOGY Lectures, illustrations and open discussions.

LATEST

NEW

PROGRAMME

16

CPE HOURS GAINED CLAIMABLE UNDER

HRDF THE SBL SCHEME

Claimable Institut Akauntan Malaysia

RECOGNISED FOR AUDIT APPROVAL RENEWAL

WHO SHOULD ATTEND • Directors • Senior Accountants and Auditors • Financial Controllers • Finance Managers DATE, VENUE & CONTACT INFO Date : 16 & 17 January 2018 Venue : Concorde Hotel, Kuala Lumpur Contact : Haziq Tel : 03 2722 9198 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 1,166 : RM 1,272 : RM 1,537

FACILITATOR DANNY TAN BOON WOOI DOWNLOAD FULL BROCHURE FROM

pd.mia.org.my

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FINANCIAL REPORTING STANDARDS & ACCOUNTING OBJECTIVES • Get practical guidance for entities involved in complex sale arrangements of goods, or provision of services, or both • Get skills needed to steer through complex technical requirements of the Standard • Understand impact and effect on revenue, before & after implementations of Standard

Applying MFRS 15 for Contracts Involving Provision of Goods and Services

The new MFRS15 could affect the financial performance and financial position of entities involved in complex sale arrangements of goods, or provision of services, or both. The Standard improves guidance for multiple-element arrangements, and will also enhance disclosures about revenue. Gain a comprehensive understanding on how to apply the Standard.

OUTLINE Recognition Issues • Dealing with “revenue contract” » How to combine and separate contracts » How to deal with contract modifications • Dealing with “performance obligations” » Deciding goods or services that are distinct, a bundle of, or a series of distinct » When “performance obligations” are satisfied by transfer of control, decide whether control is transferred at a point in time, or transferred over time Measurement Issues • Transaction price » Identify and determine transaction price » Deal with significant financing component » Deal with non-cash consideration • Allocation of transaction price to performance obligations » Deciding “stand-alone selling prices” for allocation purposes » Allocation of discount » Variation to transaction price Dealing With Contract Costs • Incremental cost of obtaining a contract • Deciding the methods of amortising contract cost when revenue is recognised • Under what circumstances can contract costs be impaired? Five Practical Steps of Applying MFRS/IFRS15 Step 1 Identifying and assessing existence of a contract with customers Step 2 Establishing present obligation(s) in the contracts Step 3 Determining the transaction price

Step 4 Allocating the transaction price Step 5 Recognising revenue upon transfer of control Presentation and Disclosure • Presenting revenue in the main financial statements • Qualitative and quantitative disclosures: » Contracts with customers » Significant judgements used in applying these Standards » Entity’s performance under the contract » How entity determines the timing of satisfaction of performance obligations » Allocation of transaction price » Assets recognised from costs to obtain or fulfill a contract Transitional Provisions • Transition from existing Standards to MFRS15 Practical Applications

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HRDF THE SBL SCHEME


METHODOLOGY Lectures and illustrations with open discussions. WHO SHOULD ATTEND • Directors • Senior Accountants and Auditors • Financial Controllers • Finance Managers DATE, VENUE & CONTACT INFO Date : 18 January 2018 Venue : Concorde Hotel, Kuala Lumpur Contact : Haziq Tel : 03 2722 9198 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 636 : RM 689 : RM 848

FACILITATOR DANNY TAN BOON WOOI

FINANCIAL REPORTING STANDARDS & ACCOUNTING OBJECTIVES • Understand the requirements of MFRS 141 and MPERS in accounting for biological assets and agricultural produce • Understand the fair value measurement principle for agriculture prescribed in the MFRS 141 and MPERS • Apply the fair value model and the cost model for the recognition and measurement of biological assets and agricultural produce • Understand and apply the presentation and disclosure requirements for entities engaged in agricultural activities

Accounting for Agriculture Covering both the MFRS and MPERS Frameworks

Get updates on the accounting for agriculture under Agriculture: Biological Plants, Amendments to MFRS 116 and MFRS 141, and gain an understanding on the requirements of MFRS 141 and MPERS. This will help you assess the potential impact of these new Standards on your current practice.

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DOWNLOAD FULL BROCHURE FROM

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OUTLINE • Introduction: Objective and Scope • Definitions: Agriculture • Biological Assets and Agricultural Produce • Recognition of Biological Assets (bearer biological assets vs. consumable biological assets) and Agricultural Produce • Measurement of biological assets and agricultural produce • Gains and Losses of Fair Value Changes • Inability to Measure Fair Value Reliably • Analysis of Price change vs Physical change • Measurement Requirements in MPERS • Agriculture: Bearer Plants, Amendments to MFRS 16 and MFRS 141 • Government Grants Related to Agriculture

• Presentation & Disclosure Requirements • Cases and Examples on Plantation Operation, Timber Crops, Aquaculture and Livestock METHODOLOGY Lectures with discussions, examples and case studies related to agriculture, and Q & A sessions. WHO SHOULD ATTEND • Financial Controllers • Finance Managers • Accountants and Auditors • Fund Managers • Investment Analysts • Company Secretaries • Academicians

8


HRDF THE SBL SCHEME

Claimable Institut Akauntan Malaysia RECOGNISED FOR AUDIT APPROVAL RENEWAL

CALCULATOR

REQUIRED

DATE, VENUE & CONTACT INFO Date : 18 January 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Afiq Tel : 03 2722 9172 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 636 : RM 689 : RM 848

FACILITATOR TAN LIONG TONG



Principle-Based Workshop

MPERS Preparation of MPERS Financial Statements

MPERS presentation and disclosure requirements are built on full MFRS/IFRS presentation and disclosures but with certain exemptions. This programme will assist you in the preparation of financial statements, including the preparation of disclosure notes.

OBJECTIVES • Apply the disclosure requirements of MPERS • Decide the accounting policy choice involved in presentation and disclosures • Provide appropriate disclosures for first time adoption • Review appropriate disclosure notes • Prepare opening statement of financial position and reconciliations • Explain the judgements and estimates made OUTLINE Module 1: First MPERS Statutory Financial Statements • Notable changes from PERS to MPERS • Composition of financial statements • 2017 and 2016 financial statements disclosures • Companies Act 2016 Module 2: Statement of Financial Position • Minimum disclosures • New line items Module 3: Statement of Comprehensive Income • Minimum disclosures • Other comprehensive income • Concept of other comprehensive income Module 4: Significant Accounting Policies • Redrafting accounting policies in line with MPERS • New accounting policies

• Significant judgements and estimates • Notes to the financial statements » New disclosure: related party relationships, transactions and balances » Other new disclosures • Transition disclosures METHODOLOGY Lectures with examples/illustrations, discussions and exercises.

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HRDF THE SBL SCHEME


WHO SHOULD ATTEND • Senior Accountants • Financial Controllers • Finance Managers • Accounts Executives DATE, VENUE & CONTACT INFO Date : 25 January 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Stephanie Tel : 03 2722 9105 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795

FACILITATOR OH AI SIM

FINANCIAL REPORTING STANDARDS & ACCOUNTING OBJECTIVES • Understand these standards from a practical perspective • Apply these standards to your own situation

Latest Developments MFRS 15 & MFRS 16

MFRS 15 replaces all existing MFRS revenue recognition guidance with a single framework, for reporting periods beginning on or after 1 January 2018. Meanwhile MFRS 16 Leases replaces current guidance in MFRS 117, for reporting periods beginning on or after 1 January 2019. Gain an understanding of these standards from a practical perspective.

OUTLINE • Introduction » Overview of MFRS 15 » Differences in concepts between MFRS 118, MFRS 111 and MFRS 15 » Key concepts forming the foundation of MFRS 15 • Concepts » Performance Obligation Criteria » What constitutes a contract » The role of distinct in revenue contracts » Application of variable considerations and its measurement » Allocation methods for multiple performance obligations • Satisfaction of Performance Obligation » Concept of control when performance obligation is satisfied » Criteria for satisfaction of performance obligation—satisfied over time and at a point in time • Contract Cost » Contract cost guidance » Presentation and disclosures • Overview of MFRS 16 » What has changed from MFRS 117 » The changes to lessee accounting • Measurement » Measurement of lease liability » Measurement of right of use asset » Accounting for exempt leases


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METHODOLOGY Lectures, discussions, examples, case studies, and Q&A sessions

CPE HOURS GAINED

WHO SHOULD ATTEND • Accountants & Auditors • Financial Controllers • Finance Managers • Academicians

CLAIMABLE UNDER

HRDF THE SBL SCHEME


DATE, VENUE & CONTACT INFO Date : 6 February 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Farhana Tel : 03 2722 9291 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member


: RM 583 : RM 636 : RM 795



pd.mia.org.my

5

FINANCIAL REPORTING STANDARDS & ACCOUNTING OBJECTIVES • Apply the requirements of MPERS for specific areas of difficulties, such as those relating to PPE, investment property, borrowing costs and biological assets • Gain an understanding of the practical issues • Apply principles using worked exercises PRINCIPLES-BASED WORKSHOP

Malaysian Private Entities Reporting Standards (MPERS) - Areas of Focus

Evaluate your company’s circumstances and review specific areas of potential difficulties relating to property, plant and equipment; investment property; borrowing costs; and biological assets. Learn the steps to implement MPERS under first time adoption, in particular in the preparation of financial statements, including the preparation of disclosure notes.

OUTLINE • Property, Plant and Equipment (PPE) » Transition adjustments » Post transition » Examples/illustrations • Investment Property » Identification of investment property » Application of undue cost and effort criteria » Transition adjustments » Examples/illustrations • Borrowing Costs » Scope and requirements of Section 25 » Impact on industries such as property developers and various companies » Accounting treatment for various assets where borrowing costs may have been capitalised under PERS » Examples/illustrations • Biological Assets » Distinction between bearer plants and other than bearer plants » Transition adjustments » Initial measurement » Subsequent measurement

• Others » Foreign currency translations » Basic financial instruments METHODOLOGY Lectures with examples/illustrations, discussions and exercises. WHO SHOULD ATTEND • Senior Accountants • Financial Controllers • Finance Managers • Accounts Executives

8


HRDF THE SBL SCHEME


DATE, VENUE & CONTACT INFO Date : 7 February 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Afiq Tel : 03 2722 9172 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795


FINANCIAL REPORTING STANDARDS & ACCOUNTING OBJECTIVES • Understand revenue accounting for various types of contracts with customers • Understand accounting for sale of goods and services, including licensing arrangements, construction contracts with customers, and property development activities

MFRS 15 Revenue from Contracts with Customers & Application to Construction Contracts and Property Development Activities Gain an understanding of the reasons and rationale for the new MFRS 15, the salient principles, and implications on the current practice. Preparers and users of financial statements will gain a better understanding on the requirements of the new MFRS and prepare for application when it becomes effective in 2018.

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OUTLINE Module 1: MFRS 15 Revenue from Contracts with Customers • Rationale for change • Core revenue principle and steps in the application of MFRS 15 • Identifying a contract and the separate performance obligations in a contract • Determining the transaction price • Allocating the transaction price to the separate performance obligations • Recognising revenue when (or as) the entity satisfies a performance obligation • Contract costs and amortisation of contract assets • Presentation and disclosures • Implications on current practice • Examples of accounting procedures Module 2: Application of MFRS 15 to Construction Contracts • Types of construction contracts • Measurement of transaction price with variable considerations • Accumulation of contract costs in contract assets • Recognise revenue and expenses at a point in time and over time • Cases and examples of accounting

Module 3: Application of MFRS 15 to Property Development Activities • Land held for property development • Infrastructure and other common costs • Property development projects and allocation of land and common costs • Costs of development units sold to customers • Recognise revenue and cost at a point in time or over time • Cases and examples of accounting METHODOLOGY Lectures and discussions on the standards, with illustrative examples of application. WHO SHOULD ATTEND • Financial Controllers & Finance Managers • Accountants and Auditors • Fund Managers and Investment Analysts • Company Secretaries • Academicians

LATEST

NEW

PROGRAMME

8


HRDF THE SBL SCHEME



DATE, VENUE & CONTACT INFO Date : 8 February 2018 Venue : Connexion Conference & Event Centre @ The Vertical, Bangsar South, Kuala Lumpur Contact : Stephanie Tel : 03 2722 9105 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 636 : RM 689 : RM 848

FACILITATOR TAN LIONG TONG



Fair Value Accounting in MPERS

Several sections in MPERS require the use of ‘Fair Value’ to establish the value of an asset or liability. Get an understanding on the areas of concern and considerations relating to fair value, as well as the preparation and/or action needed to implement the fair value requirements.

OBJECTIVES • Understand concepts behind fair value • Review lessons learnt from MFRSs • Understand the requirements under Malaysian Valuation Standards • Understand the various valuation techniques that are typically applied • Understand the application of fair value in MPERS • Equip preparers and users of financial statements of private entities with the knowledge and skills to comply with the presentation and disclosure requirements of the MPERS in respect of fair value considerations OUTLINE • Introduction » Fair value » Fair value accounting » Specific sections in MPERS where fair value is involved • Lessons from MFRS » MFRS 13 Fair Value Measurement » Other relevant MFRSs, including: - MFRS 9 Financial Instruments - MFRS 140 Investment Properties - MFRS 141 Agriculture • Valuation Standards in Malaysia » Malaysian Valuation Standards » Valuation methodologies - market, income, cost approaches » Illustrative examples • Applications in MPERS » Specific applications in MPERS (e.g. Investment Properties, Financial Instruments)

» Fair value of assets » Fair value of liabilities » Financial statements presentations » Disclosure requirements » Illustrative examples • Other Considerations » Undue cost and effort METHODOLOGY PowerPoint presentation, real-world case study with illustrations, and Q&A session in an interactive classroom-style workshop setting. WHO SHOULD ATTEND • Directors • Partners • Senior Accountants and Auditors • Financial Controllers • Finance Managers • Accounts Executives

8


HRDF THE SBL SCHEME


DATE, VENUE & CONTACT INFO Date : 12 February 2018 Venue : Concorde Hotel Kuala Lumpur Contact : Afiq Tel : 03 2722 9172 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795

FACILITATOR NG KEAN KOK

FINANCIAL REPORTING STANDARDS & ACCOUNTING OBJECTIVES • Understand developments leading to MFRS15 • Grasp the core principles of MFRS15 • Understand the 5-step model • Understand requirements under MFRS15 on contract costs & revenue recognition • Ensure the presentation and disclosure requirements are met • Understand how the FRSIC Consensus is applicable to MFRS15

MFRS 15 Revenue from Contracts with Customers Implementing the 5-Steps Model

MFRS 15 will be effective for financial periods starting on or after 1 January 2018, and replaces all previously issued standards on revenue accounting treatments. Gain an understanding on the basic requirements of MFRS 15 and the new structured five-step approach in revenue recognition.

OUTLINE • Introduction » Rationale & developments that led to the changes & introduction of new standard » Standards affected • Scope and Core Principles » Five-step of revenue recognition model » Identifying Separate Performance Obligations in a Contract » Determining the Transaction Price » Allocating the Transaction Price to the Separate Performance Obligations » Recognising Revenue when entity satisfies a performance obligation • Contract Costs » Incremental costs » Assessing recoverability » Costs to fulfill a contract » How should a construction company account for costs? » Amortisation & impairment principles » Onerous contract losses • Presentation and Disclosure » Presentation: Statement of Financial Position and Statement of Comprehensive Income


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» Significant judgements • Other Matters » Transition guidance » Disclosure on impact of adopting MFRS15 » Practical expedient requirements » FRSIC Consensus in relation to application of principles of MFRS15


HRDF THE SBL SCHEME

METHODOLOGY PowerPoint presentation, case study with illustrations, Q&A session in an interactive classroom-style workshop setting.


WHO SHOULD ATTEND • CFOs • Senior Accountants • Accounts Executives • Directors DATE, VENUE & CONTACT INFO Date : 26 February 2018 Venue : Hotel Armada Petaling Jaya Contact : Afiq Tel : 03 2722 9172 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795



pd.mia.org.my

7

TAXATION & GST OBJECTIVES Understand practical aspects of preparing Transfer Pricing Documentation under the present rules, and how the rules may evolve due to the BEPS recommendations.

Transfer Pricing: Current Practices and the Way Forward with BEPS Proposals

In light of international tax initiatives in the anti-BEPS proposals, Malaysia has implemented the three-layer transfer pricing documentation. Gain an understanding on the practical aspects of preparing Transfer Pricing Documentation and how the rules may evolve in the near future due to the BEPS proposals.

OUTLINE • The importance of Transfer Pricing • Scope of Transfer Pricing Law and Guidelines in Malaysia • The five methods of Transfer Pricing Methods outlined by OECD • Why do we often end up with TNNM? Reasons that must be documented. • Alternative method permitted by the Malaysian Transfer Pricing Guidelines 2012 • Functional Analysis—with highlight of common mistakes • Transfer Pricing Documentation— requirements of the Malaysian Transfer Pricing Guidelines 2012 and its recent updates • Dealing with specific items such as interest, royalty, rental/lease of movable/immovable property and management fees. • Contemporary issues in Transfer Pricing • Highlight of recent cases including the recent landmark decision of the Australian courts in the case of Chevron whereby the use of credit ratings in applying transfer pricing for interest rate on inter-company loans was challenged. • The way forward: » BEPS Action 13: Three-tier transfer

pricing documentation » Issues with Master File » Highlight of principles of Actions 8-10. For example, in relation to ownership of intangibles, the requirement to exercise control over the risks and having the financial capacity to assume the risks. • Managing Transfer Pricing Disputes & Risks

LATEST

NEW

PROGRAMME

8

CPE HOURS GAINED

METHODOLOGY Lectures accompanied with practical examples. WHO SHOULD ATTEND • Tax and Finance Managers • Finance Directors • Accountants and Tax Agents DATE, VENUE & CONTACT INFO Date : 11 January 2018 Venue : Concorde Hotel Kuala Lumpur Contact : Safwan Tel : 03 2722 9293 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795

FACILITATOR THENESH KANNAA

TAXATION & GST OBJECTIVES • Get updates on recent tax developments (including proposals from Budget 2018) and Public Rulings • Learn statutory responsibilities and tax implications on employee benefits provided in 2018 • Gain tax planning initiatives from latest tax updates and developments, and GST implications on employee benefits.

Latest Updates on Employers' Tax Statutory Requirements in 2018, including Tax Audit Issues Tax updates should be closely monitored to ensure compliance and speedy implementation, including statutory responsibilities and tax implications on employee benefits. Learn tax planning initiatives, the implication of GST on employers, highlights of recent tax developments and Public Rulings, and be mindful of key audit issues when managing tax costs.

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pd.mia.org.my

OUTLINE • Employers’ Reporting Requirements in 2018 » Submission of forms due in 2018: Forms E, EA, etc. » Notification of commencement & cessation of employment: Forms CP21, CP22, etc. » Monthly Tax Deductions [MTD], including Forms PCB/ TP1, TP2 & TP3 • Tax Deductions or Exemptions on Employee Related Payments: » Employee’s pecuniary liabilities » Credit card facilities » Loan interest » Recreational club membership » Tuition or school fees of child » Insurance premiums » Gardener, driver, domestic help or guard » Scholarship » Waiver of loan or advance » Assets provided free of charge or sold at discounted prices » Gift vouchers » Gift of personal computers » Excellent public service award » Professional subscriptions » Gratuity/Retirement benefit » Travelling, meal, parking, childcare allowance, etc.

» Mobile phone and PDA benefits » Staff discounts » Leave passage » Medical benefits » Compensation for loss of employment » Others • Implications of GST on Benefits Provided to Employees • Possible Audit Issues

LATEST

NEW

PROGRAMME

8

CPE HOURS GAINED

METHODOLOGY Lectures, discussions and Q&A sessions. WHO SHOULD ATTEND • Finance Directors & Managers • Chief Financial Controllers & Financial Controllers • Accountants • Auditors • Tax Managers & Consultants • Company Secretaries • Business Advisors • HR & Payroll Managers DATE, VENUE & CONTACT INFO Date : 15 January 2018 Venue : Connexion Conference & Event Centre @ The Vertical, Bangsar South, Kuala Lumpur Contact : Afiq Tel : 03 2722 9172 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 636 : RM 689 : RM 848

FACILITATOR SIVARAM NAGAPPAN


TAXATION & GST

GST Risk Avoidance & Overcoming Pitfalls Updates of Legislation, Policy Decisions & Tax Codes

The government’s seriousness in enforcing compliance to the GST regime has seen offenders experiencing very bad consequences. As it is evolving, businesses need to be vigilant in complying with all updates to GST legislations, policy decisions and tax codes. Gain an understanding of the latest updates to ensure your GST implementations meet the requirements.

OBJECTIVES • Updates of GST legislations, including Ministerial Orders and decision policies • Customs Technical Committee decisions, on the GST implications to different kinds of business transactions • Some of the Tribunal Decisions • Avoiding common errors and committing offences in their implementations • Applying the appropriate tax codes to daily transactions • Filing correct GST returns and rectifying the returns

» Self review of submissions with reconciliation statement » Documentary evidences • Preparation for Customs GST Audit » Audit Framework » Different types of audit » Preparation Stages for and Process of audit • Appeal Procedures » Appeal to DG, Tribunals, Courts

OUTLINE • General Introduction » GST Mechanism » Governing legislations & decision policies » Key enforcement areas » Obligations of GST-registered and non GST-registered persons • Compliance Areas » Corporate reporting level » Transaction process level » Internal control and record keeping • Updating » Legislations (Acts, Regulations, Orders) » Policy decisions including technical committee decisions • Common GST implementation pitfalls to avoid » Detailed transactional GST implementation knowledge » Avoiding human carelessness » Systems error » Tax Code application • Filing of Accurate Returns » Check list

WHO SHOULD ATTEND • Accounting Department Staff • Internal Audit Staff • Freelance Accounting Professionals • GST Agents and Audit Firm Staff • SMEs, Corporates, Business Owners

METHODOLOGY PowerPoint presentations and discussions.

LATEST

NEW

PROGRAMME

8


HRDF THE SBL SCHEME


DATE, VENUE & CONTACT INFO Date : 16 January 2018 Venue : Connexion Conference & Event Centre @ The Vertical, Bangsar South, Kuala Lumpur Contact : Jannah Tel : 03 2722 9161 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795

FACILITATOR TAN KOK TEE

TAXATION & GST OBJECTIVES • Learn the specific proposed amendments to the Income Tax Act • Understand the changes compared to existing tax provisions • Discover the taxation opportunities offered by the proposals • Learn the new procedures and obligations that would arise

Budget 2018 with Recent Major Amendments including Para 16B Industrial Buildings, and Selected 2017 Public Rulings Budget 2018 presents numerous amendments, proposals, and incentives. This programme will examine in detail the tax implications, fresh opportunities offered, and how these are to be complied with and applied for. Don’t miss this opportunity to uncover the incentives Budget 2018 brings, and how your business can benefit from them.

OUTLINE • Reduced tax rates for certain income bands • Exemption of rental income for individuals • Incentives for women returning to work • Further changes in the scope of withholding tax on services • Refund of withholding tax on REITs and PTFs • Capital allowance, new tax incentives, and double deductions • New definition of Public Entertainers— extension of withholding tax • Fresh Responsibilities when changes in accounting periods occur • OECD Initiatives and Earning Stripping Rules • Fresh Investment Incentives • Selected recent amendments to Finance Acts and Public Rulings


METHODOLOGY Lectures supported by practical examples, case studies, and computations. WHO SHOULD ATTEND • Accountants • Tax Practitioners • Company Directors and Managers • Financial Controllers • Company Secretaries

LATEST

NEW

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8

CPE HOURS GAINED

DATE, VENUE & CONTACT INFO Date : 17 January 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Stephanie Tel : 03 2722 9105 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795

FACILITATOR VINCENT JOSEF


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TAXATION & GST OBJECTIVES • Learn the conditions for an expense to be tax deductible • Understand what is revenue expenditure • Discuss the relevant Public Rulings on deductible expenses • Find out what type of entertainment expense is tax deductible • Find out what are the expenses specifically prohibited from deduction • Receive latest updates on tax deductible expenses

Tax Deductible Expenses Principles and Latest Developments

Under the Malaysian Income Tax Act, only expenses incurred wholly and exclusively in the production of gross income will be tax deductible in general. Get an understanding of the basic principles allowing an expense to be tax deductible, the latest developments in case law and legislation, as well as practical issues that may arise depending on the nature of such expenses.

OUTLINE • Conditions of deductibility » Wholly and exclusively » Revenue in nature » In the production of gross income » Incurred • Prohibited deductions » Leave passage » Restriction on lease rental » Entertainment expenses » Non-compliance with withholding tax » Private expenses • Specific deductions » Rental expense » Repair and maintenance » Bad debts » Employers’ contributions to approved funds • Entertainment expenses » Entertainment provided to employees » Entertainment provided to customers » Promotional gifts » Public Ruling 4/2015 • Bad and doubtful debts » Bad debt written off » Specific provision for doubtful debts » Public Ruling 1/2002 • Losses due to theft, embezzlement or misappropriation

» Public Ruling 4/2012 • Legal and professional expenses » Public Ruling 6/2006 • Deduction for interest expense and interest restriction » Public Ruling 2/2011 & 9/2015 • Miscellaneous expenses » Redundancy payments » Franchise fees • Budget 2016 and 2017 update

8

CPE HOURS GAINED

METHODOLOGY PowerPoint presentations, discussions and case studies. WHO SHOULD ATTEND • Chief Financial Officers • Tax Directors and Consultants • Finance Directors and Advisers • Accountants and Auditors • Company Secretaries • Lawyers • Business Entrepreneurs DATE, VENUE & CONTACT INFO Date : 23 January 2018 Venue : Connexion Conference & Event Centre @ The Vertical, Bangsar South, Kuala Lumpur Contact : Jannah Tel : 03 2722 9161 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795

FACILITATOR CHOW CHEE YAN

TAXATION & GST

GST Accounting for Common GST Pitfalls

Many businesses are still posting incorrect GST transactions, and these errors and mistakes may prove costly for them. Gain an understanding on how to properly handle and record GST accounting, especially for special and one-off scenarios, to avoid costly penalties.

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OBJECTIVES • Get a refresher on understanding tax code assignments • Gain the knowledge to avoid common GST pitfalls • Understand the 4 GST mechanisms that all GST registrants must know

• Calculation of bad debt relief on mix supplies

OUTLINE Tax Code Assignment and Chart of Accounts • Brief explanation on 38 tax codes • Chart of Accounts for GST Accounting • Intensive tax code assignment exercise

WHO SHOULD ATTEND • Accounting Department Staff • Internal Audit Staff • Freelance Accounting Professionals • GST Agents and Audit Firm Staff • SMEs and Corporates • Business Owners

GST Accounting • GST on Importation of goods • Imported Services » reverse charge mechanism • Open market value » gift rule, private use and employee benefits • Reimbursement vs disbursement • Employee benefits • Composite supply and tied-in supply • Tripartite arrangement • Sample and conditions • Hand carried items Common GST pitfall: Bad Debt Relief Mechanism • Conditions based on regulations • Claim or not to claim bad debt relief • Adjustment for suppliers • Adjustment for invoices more than 6 months

METHODOLOGY PowerPoint and Mind Map presentations, group discussions, and exercises on Tax Code assignment.

LATEST

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DATE, VENUE & CONTACT INFO Date : 24 January 2018 Venue : Connexion Conference & Event Centre @ The Vertical, Bangsar South, Kuala Lumpur Contact : Azlina Tel : 03 2722 9112 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795

FACILITATOR STANLEY WONG KAH LEONG


TAXATION & GST OBJECTIVES • Develop effective tax strategies that comply with tax laws • Prepare for an eventual audit by the IRB • Set in place proper methodologies and good practices in managing tax matters OUTLINE

Know the Process, Know Your Rights Tax Doesn't Have to be Taxing

IRB has extensive powers to pursue anyone it suspects of wrongdoing and has significantly increased the number of tax audits and investigations in recent years. Learn to conduct regular tax health checks to identify potential risk areas, so that early actions could be taken to avoid running afoul of tax laws.

Session 1 • Overview of Tax Audits & Investigation • The automatic exchange of information provisions • IRBM’s campaigns and task forces • New criminal & civil penalties and amendment to Audit Framework • Penalty updates • Main tax offences and how they work Session 2 • Difference: Tax Evasion vs Tax Avoidance • Scope process and procedure of Tax Audit and Tax Investigation • Detection techniques: When to red flag? • What happens when you are selected for an audit or investigation? • Informers, whistleblowers and tip-offs • Understand & analyse data and source • IRBM list of Hot Tax Issues Session 3 • Areas most likely challenged by IRBM • Your Rights as a Taxpayer • Rights & Responsibilities: Role of Tax Agent • Do's and Don'ts during the tax audit or investigation • Practical points for the Tax Adviser • How to avoid criminal sanctions

• Practical examples & case studies Session 4 • IRBM Field Audit & Investigation Unit’s invitation for interview: How to respond • IRB meeting: Present successful defense • Negotiating a settlement, and how to mitigate penalties • The tax appeal process

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CPE HOURS GAINED

METHODOLOGY Presentation, discussions & case studies. WHO SHOULD ATTEND • CEOs, COOs, CFOs • Directors/General Managers • Entrepreneurs • Financial Controllers • Finance Directors/Managers • Tax Managers/Professionals • Those involved in Corporate Tax Planning DATE, VENUE & CONTACT INFO Date : 30 January 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Stephanie Tel : 03 2722 9105 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795

FACILITATOR YONG MEI SIM

TAXATION & GST

Transfer Pricing Enforcement and Documentation

This challenging subject is not something new and has been in the Income Tax Act from the time the Act was introduced. But over the last few years, Inland Revenue has been paying greater attention to this aspect of tax compliance. Unfortunately, most taxpayers are not conversant with the necessary requirements and may not even be aware that they are in a “Transfer Pricing” environment.

OBJECTIVES • Understand this challenging topic and its relevance to your business activity • Explain the various provisions of the relevant law: Sections 140, 140A, and The Transfer Pricing Rules 2012 • Inform what the Director General’s authority is regarding this subject and the adjustments he could make • Explain the pricing policies you should put in place and the various pricing methodologies you could adopt • Examine requirements of Contemporaneous Transfer Pricing Documentation, what it means, and how they should be prepared and maintained • Review the Trigger Factors that could prompt the Director General to select a company or individual for investigation and the best way to comply with the law • Study Revenue’s Transfer Pricing Guidelines and learn how to conduct your business in a way that minimises exposure to additional taxes and penalties OUTLINE Transfer Pricing • The Law: Sections 140, 140A, and Transfer Pricing Rules » Tangibles and Intangibles • What are the Transfer Pricing Trigger Factors? • Various acceptable Pricing Methodologies Cross-Border/Inter-Company Transactions • Transfer Pricing and Arm’s Length dealings » What constitutes “Related Parties”? » Control: Directors and Equity » Transfer Pricing and Individuals » Deemed Interest Income


Transfer Pricing “Contemporaneous Documentation” • What is “Contemporaneous Documentation”? • Who must Prepare and Approve it • Changes and Reviews • Internal and External Comparables • Advance Pricing Arrangements and Advance Rulings • Revenue Action » Finalisation, penalties, and appeals

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CPE HOURS GAINED

METHODOLOGY Lectures supported by practical examples, case studies, and computations. WHO SHOULD ATTEND • Directors and Senior Corporate Officers • Accountants, Auditors, and Financial Managers • Company Secretaries • Tax Practitioners DATE, VENUE & CONTACT INFO Date : 6 February 2018 Venue : Connexion Conference & Event Centre @ The Vertical, Bangsar South, Kuala Lumpur Contact : Jannah Tel : 03 2722 9161 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795

FACILITATOR VINCENT JOSEF DOWNLOAD FULL BROCHURE FROM

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TAXATION & GST

Essential GST Accounting Records & Bookkeeping Skills (Incorporating the Updates)

All GST-registered business will likely be visited and/or audited by Customs, in 2018. Ensure your submission of returns, payments, and refunds are accurate at all times, to avoid unpleasant consequences. Be prepared with a comprehensive understanding of Accounting for GST and the record-keeping framework, through this practical hands-on programme.

OBJECTIVES • Understand the latest GST Mechanism, incorporating all amendments since 1 April 2015 • Practice Accounting of the RIGHT GST to Customs, and accounts & record-keeping requirements • Avoid errors and committing offence in your implementation • Apply the appropriate tax codes to daily transactions • File correct GST returns OUTLINE • Fundamental & Scopes of GST • Registration Requirements to be Complied With » Mandatory & Voluntary registrations • GST Implications on Day-to-Day Business Transactions » Taxes on Supplies (Sales) » Tax Implications on Acquisitions (Purchases) » Tax Implications on Selected Common Industries • Accounting Administration » Content of a VALID TAX INVOICE » Debit and credit notes issuance for local and export sales » Reversed Charge Mechanism (Recipient Self-Accounting–RSA) » New additional GST Tax code requirements • Accounting / Bookkeeping Entries » Train GST Tax coding and double entries under different scenarios • GST Legislations, Implementation

Policies (Acts, Regulations, Orders) • Master Compliance and be Ready for Audit at All Times • Appeal Procedures: DG, Tribunals, Courts METHODOLOGY PowerPoint presentation, discussions and hands-on assignments. WHO SHOULD ATTEND • Financial Controllers, Finance Managers, Tax Managers • Accountants, Accounts Executives, Accounts Assistants • Procurement/Purchasing and Logistics Managers • HR and Administration Managers • Accounting Staff in GST implementation • Other functional staff engaged in GST

LATEST

NEW

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16

CPE HOURS GAINED CALCULATOR

REQUIRED

DATE, VENUE & CONTACT INFO Date : 7 & 8 February 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Azlina Tel : 03 2722 9112 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 1,060 : RM 1,166 : RM 1,378

FACILITATOR TAN KOK TEE

TAXATION & GST OBJECTIVES • Understand tax codes for supply and acquisition • Know the Chart of Accounts that are vulnerable to GST Pitfalls • Learn Microsoft Excel Pivot Table Functions • Analyse GST Audit File in XML and TXT formats

Advanced Pivot Analysis for GST Audit File

Identify the patterns and trends arising from your GAF that may trigger an audit. Learn how MS Excel can uncover these patterns in your purchase, supply and ledger structure, and to make the necessary corrections.

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OUTLINE Tax Code Assignment • Tax Codes for Supply • Tax Codes for Acquisition Microsoft Excel Pivot Table • Introduction to Microsoft Excel Pivot Table • Key components and common features » Option / Analyse Tab » Design Tab Introduction to GST Audit File V1.0 • 5 Structures of GST Audit File V1.0 • Reading GST: XML • Reading GST: TXT GAF Structures and Compliance Analysis • Summary of changes of GAF V1.0 and V2.0 • 5 Structures of GST Audit Files V2.0 • Reading GST Audit File V2.0 TXT • Reading GST Audit File V2.0 XML GAF Trend, Pattern and Spot Check • Monthly, quarterly and yearly trend • Random investigation of transaction description • Using % for Partial Exempt Trader to calculate Input Tax Recoverable Ratio GAF Pitfalls Discovery • GST Pitfalls hidden in GAF • Chart of Accounts with GST Pitfalls

• Known issues in GST Audit File • Preparation to develop GST Audit File METHODOLOGY Lectures, group discussions and exercises. Note: Please bring your laptop with MS Excel 2010/2013/2016 (Windows), and soft copy of your GST Audit File (XML or TXT) for an eAudit exercise to uncover potential problems.

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HRDF THE SBL SCHEME

Claimable Institut Akauntan Malaysia LAPTOP

WHO SHOULD ATTEND • Finance and Accounts Division staff • Internal Audit Division staff • GST Agents and Audit Firm staff • Freelance Accounting Professionals • Business Owners, including SMEs

REQUIRED EXCEL 2007

REQUIRED

DATE, VENUE & CONTACT INFO Date : 8 February 2018 Venue : Connexion Conference & Event Centre @ The Vertical, Bangsar South, Kuala Lumpur Contact : Haziq Tel : 03 2722 9198 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

CALCULATOR

REQUIRED

: RM 583 : RM 636 : RM 795

FACILITATOR STANLEY WONG KAH LEONG


TAXATION & GST

Goods and Services Tax: Its Impact on Employee Benefits A complete guide for HR Managers & Employers (with Budget 2018 highlights) The guide for GST treatment on employee benefits has been updated. Hence it is important for employers to examine and restructure existing remuneration packages. Get the necessary guidance to understand and manage the GST issues relevant to your employment situation, including highlights from Budget 2018.

OBJECTIVES • Understand GST Mechanism and how it affects employee benefits • Know what constitutes employee benefits for GST purpose • Understand Input tax and Output tax on employee benefits • Discover the types of employee benefits that are subject to GST and exempted from GST • Know circumstances input tax is claimable • Learn record keeping/documentation requirements OUTLINE Introduction to Goods and Services Tax (GST) • Scope of charge to GST • Input tax/Output tax • How GST impacts the HR environment What Constitutes Employee Benefits for GST Purpose? • Classification/scope of employee benefits • Benefits provided by employer/by third party on behalf of employer • Role of employment contract • The issue of “Consideration” Recovery of Input Tax on Employee Benefits • Circumstances input tax is claimable • Disallowance of input tax • Company passenger car Accounting for Output Tax on Employee Benefit • GST payable on employee benefits • Goods given free—Output tax not accounted for • Gift Rule of RM500 • Supply of car & petrol/accommodation/ safety and security equipment • Business goods used for personal purpose/non-business usage

• How is output tax accounted and documented? Other Matters of Concern for Employers • Goods and services purchased from non registered suppliers • How to value employee benefits • Record keeping/types of documents to be maintained Budget 2018 Highlights/Amendments to GST Act

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HRDF THE SBL SCHEME


METHODOLOGY PowerPoint presentation, discussions and case studies. WHO SHOULD ATTEND • HR Managers & Executives • Company Directors & Managers • Accountants & Auditors • Tax Agents & Advisors • Finance & Administrative Executives • Business Entrepreneurs • Payroll Executives DATE, VENUE & CONTACT INFO Date : 8 February 2018 Venue : Concorde Hotel Kuala Lumpur Contact : Farhana Tel : 03 2722 9291 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795

FACILITATOR KRISHNAN KSM

TAXATION & GST OBJECTIVES • Perform self-assessment of GST tax submission and discover GST errors • Perform holistic GST risk based review to ensure effective GST controls • Set up GST Control Framework for good corporate governance

GST Self-Assessment, Control Framework and Risk Management

The GST implementation has resulted in changes to business systems and internal processes, and an increase in workload. In view of the complexities and high volume of day-to-day transactions, it is critical to set up a robust GST Control Framework on a sustainable, long-term basis, in order to improve compliance and to mitigate risks.

OUTLINE Revisit of the Malaysian GST Model and Current Issues • Scope of Malaysian GST model • GST tax codes and application issues • GST common errors and mistakes GST Audit and Risk Mitigation • Why is GST audit being carried out? • What are the consequences for obstructing the audit? • GST offences and penalties • Measures to improve GST compliance and risk mitigation GST Self-Assessment • GST compliance and errors • Why self-assess GST-03 tax submission? • Lessons to be learnt from Singapore GST Self-Assessment Compliance Guide • Section 1: Putting in place GST Practices and System to properly handle the reporting of transactions • Section 2: Self-assessment using the Pre-Filing Checklist • Section 3: Performing Annual Review GST Control Framework & Risk Management • Why you need to have GST Control Framework in place • Risk management through a holistic riskbased review for effective GST controls


• Establishing GST control framework • GST Control Framework Guide to manage GST risks and secure on-going GST compliance • GST Control Framework for stakeholders on a sustainable long term basis METHODOLOGY PowerPoint presentation with case studies. Pre-requisites: Participants should have already attended GST training and be familiar with basic GST concepts and mechanism.

LATEST

NEW

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CPE HOURS GAINED

WHO SHOULD ATTEND • CEOs, COOs, Directors, Business Owners • Finance Directors, Financial Controllers, CFOs • Accountants & Accounts Executives • General Managers, Finance Managers, IT Managers, Heads of Department • In-house GST Consultants DATE, VENUE & CONTACT INFO Date : 12 & 13 February 2018 Venue : VE Hotel & Residence Kuala Lumpur Contact : Vino Tel : 03 2722 2290 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 1,060 : RM 1,166 : RM 1,378

FACILITATOR YEE HUN LEEK DOWNLOAD FULL BROCHURE FROM

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TAXATION & GST OBJECTIVES • Know the latest developments on withholding tax • Discover the types of payments subjected to withholding tax • Learn how and when payment to nonresidents are subjected to withholding tax • Understand what the penalties are for non-compliance • Understand the scope of the new tax audit framework

Withholding Tax in Malaysia Principles and latest developments

Withholding tax is an important tax collection mechanism within the Malaysian income tax system. As transactions become more cross border in nature, understanding the practical issues and developments in relation to withholding tax is important to minimise withholding tax and to avoid penalties imposed for non-compliance.

OUTLINE • Purpose and objectives of withholding tax • Payments subject to withholding tax: » Interest (S109) » Royalty (S109) » Service fee (S109B) » Rental of movable property (S109B) » Gains or profits under S4(f) (S109F) » Public entertainer fee (S109A) » Contract fee (S107A) • Penalties for non-compliance • Public Ruling 1/2014–withholding tax on special classes of income (S109B withholding tax) • S109B versus S107A withholding tax • S109A versus S109B withholding tax • Public Ruling 1/2010–withholding tax on other gains or profits (S109F withholding tax) • S109B versus S109F withholding tax • Practical issues in relation to withholding tax • What is Permanent Establishment? • Impact of Double Tax Agreements on withholding tax • Withholding tax and GST on imported services

• Redefinition/amendments of the following in Budget 2018: » Royalty » Public entertainer » Payment for services • Practice Note 1: Issues on effective date • Practice Note 2: Issues on existing double taxation avoidance agreement • New tax audit framework on withholding tax

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CPE HOURS GAINED

METHODOLOGY PowerPoint presentations, discussions and case studies. WHO SHOULD ATTEND • Chief Financial Officers • Financial Controllers • Finance Managers • Accountants • Tax Consultants • Company Secretaries • Tax Practitioners and Advisors DATE, VENUE & CONTACT INFO Date : 12 February 2018 Venue : Connexion Conference & Event Centre @ The Vertical, Bangsar South, Kuala Lumpur Contact : Azlina Tel : 03 2722 9112 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795

FACILITATOR CHOW CHEE YEN

TAXATION & GST

Complying with Taxation Requirements for Employers & Employees There have been numerous amendments to the tax concepts of Employment Income, especially in respect of Income Recognition, Basis Periods, and Gratuities. This intensive, advanced level programme emphasises employee liability, duties of employers, as well as the exposure of directors to tax obligations, and penalties where there is a failure in compliance. 14


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OBJECTIVES • Understand the essentials of what constitutes the many features of Employment Income • Learn the latest amendments to Income Tax law, especially where they relate to Employment Income and Employers • Know the duties and responsibilities of Employers, and how the Forms E and EA and other notifications to Inland Revenue are to be completed • Get details on how to be on the right side of the law to avoid penalties or prosecution • Gain highlights from the Budget 2018 OUTLINE • Employment Income » the 5 Categories • Definitions of Remuneration and Perquisites • Latest Amendments on relevant Basis Periods • Revised Treatment of Gratuity • Monthly Tax Deductions » an Overview and the Principles • MTD formula for normal and additional remuneration • Reliefs and deductions • Specialised employment situations » serving abroad » serving in Malaysia for less than 60 days • New Section 77C » deduction as a final tax

• Content of the Return Form E and Form EA • Employers’ obligations and responsibilities • Tax penalties • Budget 2018 proposal highlights METHODOLOGY Lectures supported by practical examples, case studies, and computations.

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CPE HOURS GAINED

WHO SHOULD ATTEND • Directors • Senior Corporate Officers • Payroll and Human Resource Managers • Accountants • Finance Managers • Tax Practitioners DATE, VENUE & CONTACT INFO Date : 27 February 2018 Venue : Hilton Petaling Jaya Contact : Stephanie Tel : 03 2722 9105 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795

FACILITATOR VINCENT JOSEF


AUDITING, ASSURANCE & RISK MANAGEMENT OBJECTIVES • Gain a greater understanding on the risk of fraud and what the red flags are • Analyse the risk environment, and that everyone has a price • Use profiling as a technique to keep yourself well-informed

Fraudsters: Profiling the Good, Bad and Ugly

Today’s advanced financial landscape puts company executives at much risk. Governance mechanisms and Internal Controls infrastructure may help reduce the risk, but there are many ways to work around the compliance framework. Gain insights on the risk of fraud, business process mapping, and individual profiling to identify and assess fraud exposures.

OUTLINE • Introduction to Fraud and Red Flags (Symptoms of Fraud) » Significantly improve ability to detect fraud through accounting anomalies, internal control weaknesses, and analytical symptoms • Profiling the Fraudster and Organisation to Detect and Combat Corporate Fraud » Step-by-step approach to recognise characteristics and behavioural patterns of potential fraudsters or executives entrusted with safeguarding the organisation's assets » An in-depth look at fraud investigation techniques and how these can be enhanced by using the characteristics of fraudulent behaviour • Fraud Risk Assessment » Understanding the risk of fraud, and putting a number to it is not as simple when dealing with the unknown » Get a step-by-step approach to carrying out assessment, and understanding the dynamics of change that impact a firm

• Fraud Prevention Techniques » Depending on the size and environment, there are many ways to enhance the preventive mechanisms within the control environment, which may not necessarily be costly » Culture and tone at the top are two important aspects to be analysed, balanced against the strategies and goals over the longer term • Q&A Session METHODOLOGY Interactive session with activities and case studies.

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WHO SHOULD ATTEND All personnel involved with controls and compliance. DATE, VENUE & CONTACT INFO Date : 29 January 2018 Venue : Concorde Hotel Kuala Lumpur Contact : Safwan Tel : 03 2722 9293 Fax : 03 2722 9009 PROGRAMME FEE Member (MIA/ACCA) Member Firm’s Staff or Sponsored Staff Non-member

: RM 530 : RM 636 : RM 742

FACILITATOR GEETHA RUBASUNDRAM

Supported By:

AUDITING, ASSURANCE & RISK MANAGEMENT

Practical Management of Fraud Risk In Business

Fraud risk is a critical element in making business decisions today. Get equipped with the necessary practical knowledge and knowhow, in order to be able to take pre-emptive action to deter, prevent, detect and respond to fraud.

OBJECTIVES • Better appreciate and be aware of the various aspects of fraud risks in the context of business • Gain a higher degree of self-confidence conducting risk based business analysis and decision making, taking into consideration fraud risks • Communicate the rationale for business decisions more effectively to various stakeholders should there be justified concerns on potential fraud • Raise your level of everyday work performance and professionalism

METHODOLOGY Interactive presentation, small group activities, case studies, videos & hands-on practice.

OUTLINE • Understanding Fraud in the Context of Business • Professionalism & Ethical Conduct to Deter Fraud • Proactive Steps to Prevent Fraud at the Front-Lines • Potential For Fraud at the Solicitation or Application Stage • Gathering & Verifying Relevant Information • Proactive Steps to Detect Fraud • Potential For Fraud by Financially Distressed Parties • Proactive Steps to Firmly Respond to Fraud

DATE, VENUE & CONTACT INFO Date : 18 January 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Fara Tel : 03 2722 9194 Fax : 03 2722 9009

WHO SHOULD ATTEND • Accountants, Finance Managers & CFOs • HR Practitioners • General Managers & Heads of Departments • Senior Managers, Managers & Executives • Business Owners & Entrepreneurs • Business or Technical Professionals

PROGRAMME FEE Member (MIA/ACCA) Member Firm’s Staff or Sponsored Staff Non-member

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HRDF THE SBL SCHEME


: RM 795 : RM 848 : RM 1,007

FACILITATOR P. MANOHARAN

Supported By:



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AUDITING, ASSURANCE & RISK MANAGEMENT

Audit Series on Key Audit Areas

WORKSHOP 1: AUDIT OPINION & REPORTING–ISA 700 (REVISED) AND OTHER ISAs (REVISED)

WORKSHOP 2: AUDITING OF INVENTORIES AND PRODUCTION COSTS

The Auditor’s Report is the auditor’s primary means of communication with an entity’s stakeholders. As such, it has to be meaningful and have value to them. More than ever, users of audited financial statements are calling for more pertinent information for their decision-making in today’s global business environment with increasingly complex financial reporting requirements.

Inventories will be a major component of entities involved in manufacturing and/ or trading activities. The approach to auditing of inventories is dependent on various factors, such as the complexity of the inventory module and controls over the inventory module.

The global financial crisis has triggered questions concerning the quality of audits, their effectiveness and the role of professional judgment and skepticism. Can the Auditor’s Report be enhanced to provide more meaning and value for investors and other stakeholders? WHO SHOULD ATTEND • External Auditors from all levels, especially those responsible for preparing the Auditor’s Report. • Approved Company Auditors • Audit Managers and Seniors • Audit Professionals • Academicians DATE, VENUE & CONTACT INFO Workshop 1 : 16 & 17 January 2018 Workshop 2 : 8 & 9 March 2018 Workshop 3 : 12 & 13 March 2018 Workshop 4 : 23 & 24 April 2018 Workshop 5 : 17 & 18 May 2018 Venue Contact Tel Fax

: MIA Office Kuala Lumpur : Azlina : 03 2722 9112 : 03 2722 9009

PROGRAMME FEE PER WORKSHOP Member (MIA/ACCA) : RM 848 Member Firm’s Staff or Sponsored Staff : RM 954 Non-member : RM 1,113 FACILITATOR Workshop 1 & 3 : LIM SEONG ON Workshop 2, 4, 5 : OH AI SIM

Register all five (5) workshops and get

10% DISCOUNT

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OBJECTIVES This two-day course deals with the auditor’s responsibility to form an opinion on the financial statements. It also deals with the form and content of the auditor’s report as a result of an audit of financial statements in accordance with ISA 700 (Revised). ISA 701 deals with the auditor’s responsibility to communicate key audit matters in the auditor’s report. ISA 705 (Revised) and ISA 706 (Revised) deal with how the form and content of the auditor’s report are affected when the auditor expresses a modified opinion or include an ‘Emphasis of Matter’ paragraph or an ‘Other Matter’ paragraph in the auditor’s report. Other ISAs including ISA 570 (Revised) and ISA 260 (Revised) contain reporting requirements that are applicable when issuing an auditor’s report. This course will also deal with the ISA 720 (Revised) on The Auditor’s Responsibilities Relating to Other Information. METHODOLOGY PowerPoint presentation, lectures and discussion. OUTLINE • ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements • Key Audit Matters in the auditor’s report in accordance with ISA 701(Revised) • Modification to the Audit Report ISA 705 (Revised) and ISA 706 (Revised) • Going Concern Reporting in accordance with ISA 570 (Revised) • Communication with those charged with Governance, ISA 260 (Revised) • Other Information reporting in accordance with ISA 720 (Revised)

Prior to the selection of audit procedures, consideration should be placed on the impact of any risk factors, and the audit plan should adequately address these risks. MFRS 102 Inventories is a ‘mustknow’ standard when auditing inventories. OBJECTIVES • Apply the most efficient audit procedures when auditing the inventory components • Select the most appropriate procedures for proper planning • Understand the entity’s controls and costing methods METHODOLOGY Lecture cum discussions, Q&A sessions, examples and case studies. OUTLINE • Introduction to composition of inventories • What are the assertions over production costing, cost of goods sold and inventories • Consider the inherent and control risk factors • Consider the business considerations • Understanding the client’s inventory system • Decide on the audit approach • What to consider when selecting audit procedures over: » Production costing » Cost of goods sold » Inventories • Applying MFRS 102 to the auditing of inventories » Definition of cost » Determination of cost » Impact of different costing methods and its implication on year end accounts » Implications on year end accounts when net realisable value is lower than cost • Applying ISA—use of work of expert in inventory valuation • Basic controls over inventory accounting • Illustrative examples to reinforce application principles • Importance of physical inventory counts • Selecting the appropriate sample for physical stock observation • Basic controls over physical inventory counts » Before the count » During the count » After the count • Fraud risks areas • Red flags over inventory accounting


AUDITING, ASSURANCE & RISK MANAGEMENT WORKSHOP 3: AUDIT DOCUMENTATION FOR ISA COMPLIANCE ISA 230 deals with the auditor’s responsibility to prepare documentation for an audit of financial statements (referred to as working papers) and audit documentation. It also facilitates the planning, performance, and supervision of an engagement and is a factor in determining the quality of an audit by providing reviewers with documented evidence supporting the auditor’s conclusions. ISA 500 explains what constitutes audit evidence in an audit of financial statements and deals with the auditor’s responsibility to design and perform audit procedures to obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions based on their opinion. The process of obtaining and preparing sufficient and appropriate documentation contributes significantly to the quality of an audit. OBJECTIVES • Determine the audit documentation requirements of ISA 230 • Relate what constitutes sufficient appropriate audit evidence in ISA 500 • Apply these requirements in practical situations • Identify specific audit documentation requirements in other ISAs • Relate and understand the relationship between audit documentation and audit quality in ISQC 1 METHODOLOGY PowerPoint presentation, lectures and discussions with exercises. OUTLINE • Nature and purpose of Audit Documentation • Sufficient and Appropriate Audit Evidence • Form, Content and Extent of Audit Documentation • Assembly of final audit file • Ownership of Audit Documentation • Specific requirements in other ISAs

WORKSHOP 4: GOING CONCERN INDICATORS AND MANAGING IMPAIRMENT OF ASSETS AND RESTRUCTURING PROVISIONS

WORKSHOP 5: AUDITING OF PROPERTY DEVELOPERS AND CONTRACTORS

Given the current economic climate, there is a need to consider going concern and the key accounting issues, in the accounting and reporting of financial statements.

Knowing the client’s business is the backbone of every audit. Auditing specialised industries require more than general business knowledge. The risk and business accounting knowledge provides audit focus and avoids duplication of audit efforts.

OBJECTIVES To consider going concern and key accounting issues with respect to nonfinancial assets, revenue recognition, provisions and financial statement disclosures when assessing the impact of the current economic environment on the accounting and reporting financials. METHODOLOGY Lecture cum discussions, Q&A sessions, examples and case studies. OUTLINE Indicators of Going Concern—ISA 570 • When to assess going concern • Group and company assessment • Period of assessment Implications of MFRS 101 • Basis of preparation of financial statements and assessment of an entity’s ability to continue as a going concern • Responsibilities of directors with regards to the appropriateness of the going concern basis in the preparation of financial statements • Evidence to support basis of preparing financial statements on a going concern basis such as financial support letter • Preparation of financial statements under liquidation and break-up basis • Financial statements of an entity under liquidation such as audit evidence required • Going concern and audit opinion Impairment of non-financial assets and the financial implications of MFRS 136 Impairment of Assets • Going concern constitutes an impairment indicator • Impairment reviews MFRS 5 Non-current Assets Held for Sale and Discontinued Operations • Requirements and disclosure

16

CPE HOURS GAINED Per Workshop RECOGNISED FOR AUDIT APPROVAL RENEWAL

Knowledge of FRS 201 Property Development Activities and MFRS/FRS 111 Construction Contracts are ‘must know’ standards when auditing property developers and contractors. OBJECTIVES • Select the appropriate audit procedures when auditing property developers and contractors • Ensure the focus areas must be related to the property development and construction contract industries METHODOLOGY Lecture cum discussions, Q&A sessions, examples and case studies. OUTLINE • Introduction to MFRS/FRS 111 Construction Contracts and IC Int. 15 Construction of Real Estates and FRS 201 Property Development Activities • What are the assertions over revenue, cost and profit recognition audit procedures • Consider the inherent and control risk factors • Consider the business considerations • Understanding the client’s system • Decide on the audit approach • What to consider when selecting audit procedures: » Accounting for contracts—single or group » Capitalised costs—land costs, common costs, construction costs » Profit recognition • Revenue recognition under MFRS 111 and FRS 201 • Contract costs for contractor and developer • Recognition of anticipated losses • Changes in estimates • Applying MFRS 123 Borrowing Costs under MFRS 111 and FRS 201 • Presentation and disclosures

Provisions and the financial implications of MFRS 137 Provisions, Contingent Liabilities and Contingent Assets • Restructuring provisions Staff redundancies and compliance with MFRS 119 Employee Benefits Subsequent events and implication of MFRS 110 Events After the Reporting Period Supported By:



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MANAGEMENT ACCOUNTING & STRATEGIC MANAGEMENT OBJECTIVES • Revisit your Vision & Mission to be relevant in today’s competitive environment • Use financial planning to target your growth and the funding needed • Devise ways to achieve your budget targets • Plan how to achieve optimum profitability under budget constraints

Planning & Budgeting A Case Study Approach

Is your organisation's budget still valid and reliable? This practical budgeting programme will assist you to revisit the way budgeting is being done and ways to improve and create value for your organisation. Many budgeting case studies will be used to highlight the importance of using your financial statement to achieve your budget target.

OUTLINE Converting Business Plan & Key Performance Indicators Into Budgets • CEO Vision & Mission • KPI (Department & Individual) Budget Preparation Process • Operational Budget/Financial Budget Financial Planning & Forecast • Objectives of Financial Planning • Financial Planning Model • Calculate Internal & sustainable growth target Achieving Your Budget • Asset conversion, Collection, Cost reduction, Revenues, Purchasing policy Budgets, Behaviour & Beyond Budgeting • Beyond Budgeting, Successful budgeting Managing Constraints Resources • Shortage of scarce resources • Calculate contribution per unit of scarce resource • Optimise production mix for maximising profitability Burning Issues of Budgeting Management • Essential considerations before preparation • Present a more accurate & realistic budget • Avoid unexpected results or uncertainties • How to measure performance

Investment Techniques • Calculation of operating Cashflow, Project payback period, profitability index, IRR and NPV of the project • Basis for decision on proceeding or rejecting the project proposal METHODOLOGY Case study, video & group discussion. Real and current problematic business cases will be analysed and scenario solutions will be discussed within the workshop.

16


HRDF THE SBL SCHEME


WHO SHOULD ATTEND • Accountants & Cost Accountants • Accounting Managers • Cost Analysts/Budget Analysts • Systems Analysts • Auditors • Financial Planners DATE, VENUE & CONTACT INFO Date : 18 & 19 January 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Farhana Tel : 03 2722 9291 Fax : 03 2722 9009 PROGRAMME FEE Member (MIA/ACCA) Member Firm’s Staff or Sponsored Staff Non-member

: RM 1,060 : RM 1,166 : RM 1,378

Supported By:

FACILITATOR DR STEVEN LIEW

MANAGEMENT ACCOUNTING & STRATEGIC MANAGEMENT

Fundamentals of Corporate Finance

This programme is designed to provide participants with an understanding of the key elements of corporate finance, which include capital budgeting process, investment appraisals, financing decisions, key corporate exercises and due diligence.

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OBJECTIVES • Appreciate the importance of corporate finance • Gain knowledge on the capital budgeting process in making investment decisions • Evaluate financing decisions of companies and the impact on its value • Understand the impact of key corporate exercises on a company • Recognise the concepts and principles of due diligence and the process involved OUTLINE • Corporate Finance and Analysis of Investment Decisions (Capital Budgeting) » Fundamentals of Corporate Finance » The Economic Evaluation of Capital Budgeting and Investment Proposals » Net Present Value vs. Internal Rate of Returns » Using Cash Flows to Evaluate Investments • Financing Growth » Capital Structure and Financing Strategy » Sources of capital and what to expect • Understanding the Various Types of Corporate Actions » The key elements in an IPO » The impact and rationale behind the merger and acquisition (M&A) activities » The effects of various types of corporate proposals such as rights issue, bonus issues, share buyback and spin-off

• Due Diligence » The purpose and types of due diligence » Who are the main players in a due diligence process? » Best practices: The process METHODOLOGY PowerPoint slides, practical guide and discussions.

8

CPE HOURS GAINED CPE POINTS

10 SIDC GAINED

CLAIMABLE UNDER

HRDF THE SBL SCHEME

WHO SHOULD ATTEND • Accountants • Financial Controllers • Finance Managers • Fund Managers • Remisiers • Dealers • Analysts


DATE, VENUE & CONTACT INFO Date : 22 January 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Vino Tel : 03 2722 9290 Fax : 03 2722 9009 PROGRAMME FEE Member (MIA/ACCA) Member Firm’s Staff or Sponsored Staff Non-member FACILITATOR OOI KOK HWA

: RM 742 : RM 795 : RM 954 Supported By:



Cost of Capital and Discounts & Premiums

Cost of capital, and discounts & premiums is one of the most critical element in business valuation and corporate finance decisions. They are also the most difficult procedure to perform and assess. In this course, we will look into how to estimate cost of capital as well as discounts & premiums and the most controversial issues in estimating them.

OBJECTIVES • Learn how to estimate cost of capital • Understand how cost of capital is used in valuation of businesses and business assets • Differentiate and explain definitions of all common terminology used in cost of capital estimation • Detect the errors that are common to the process of business valuations • Determine discounts and premiums in business valuations • Determine issues related to discounts and premiums, such as the risk involved, control issues, marketability and contingent liability

• Other Types of Discounts and Premiums » Voting vs Non-Voting Stock » Key person discounts

OUTLINE • Cost of Capital Basics » Defining cost of capital » Cost of capital application: Valuation and project selection • Estimating the Cost of Equity Capital » Build-up models » Capital asset pricing model • Other Topics Related to Cost of Capital » Minority vs. Control Implications of cost of capital data » Handling the discount for lack of marketability • Business Valuation–Discounts and Premiums » Business valuation discounts & premiums and the bases to which they are applied » Minority discounts & control premiums

DATE, VENUE & CONTACT INFO Date : 23 January 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Vino Tel : 03 2722 9290 Fax : 03 2722 9009

METHODOLOGY PowerPoint slides, practical guide and discussions.

8


10 SIDC GAINED


PROGRAMME FEE Member (MIA/ACCA) Member Firm’s Staff or Sponsored Staff Non-member

CLAIMABLE UNDER

HRDF THE SBL SCHEME


: RM 742 : RM 795 : RM 954

FACILITATOR OOI KOK HWA Supported By:

MANAGEMENT ACCOUNTING & STRATEGIC MANAGEMENT OBJECTIVES • Using project management tools for initiating, planning, executing, controlling and closing projects • Determine project durations, and costs to produce a schedule chart and an S-Curve or cost curve • Track progress & make project reports • Gain project management tools and techniques for monitoring project progress

Project Management for Accountants

Gain an understanding of project stakeholder conflicts, including the "disconnect” between project managers and accountants, and the ways to resolve them. Learn to use project management tools for initiating, planning, executing, controlling and closing projects, including project problem-solving and decision-making techniques.

OUTLINE Project Management Background • Time-cost-quality & project scope triangle • Project management stakeholders and their implications on projects • The project life cycle Project Initialising Process • Roles, accountability, and responsibilities • Defining project needs, functional and technical requirements • Defining measurable objectives to meet project requirements (scoping) • Initial cost estimates Project Planning Process • Work breakdown structure (WBS) • Work task listing, sequencing & scheduling • Understanding the Critical Path Method • Resource listing • Identifying controllable costs • Using bottom-up estimates for scheduling and cost control • Time-phased distribution of costs— cumulative cost curve (S-curve) • Responsibility assignment matrix (RAM) Project Execution Process • Executing the project plan • Tracking progress using Gantt Chart


• • • •

Responding to project risks Work-around risk responses Risk monitoring Verifying project scope deliverables and stage sign-offs Project Closeout Process • Administrative close-out checklist • Contract close-out administration checklist Project Failure and Success Case Studies METHODOLOGY Presentations, case studies, and hands-on experiential learning and group exercises.

16


HRDF THE SBL SCHEME


WHO SHOULD ATTEND Accountants and Finance Professionals involved in planning, estimating, scheduling, monitoring (tracking), measuring, and reporting on the implementation progress of projects. Programme is suitable for those with little or no project management knowledge.

DATE, VENUE & CONTACT INFO Date : 5 & 6 February 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Haziq Tel : 03 2722 9198 Fax : 03 2722 9009 PROGRAMME FEE Member (MIA/ACCA) Member Firm’s Staff or Sponsored Staff Non-member

: RM 1,060 : RM 1,166 : RM 1,378

Supported By:

FACILITATOR DR MC LEONG DOWNLOAD FULL BROCHURE FROM

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Macroeconomic Forces in the Financial Market

This intensive professional programme is specifically designed to help participants identify and understand the forces that affect the global and Malaysian markets. This programme focuses more on the practical aspects in order for participants to apply them in their workplace.

OBJECTIVES • Identify and explain global economic drivers that affect capital markets • Identify major market forces and the market reaction due to these forces • Discuss how to maximise economic news effectively • Identify international economic indicators • State the importance of international economic indicators and relationship with stock market movements • Apply economic indicators on business and investment decisions • Describe the Malaysian economic performance through the Malaysian economic indicators • Describe business cycles and why economies grow & contract, experiencing periods of prosperity and pain • Determine business & stock market cycles • Examine the implication of currency wars on global economy and stock market performances OUTLINE • Overview of Global Capital Markets and World Economics • Overview of economic fundamentals and statistics • Understand the most influential US economic indicators • Understand the Malaysian economy through Malaysian economic indicators • The importance of international economic indicators • Case study: How to make better business and investment decisions through economic indicators

• Forecasting Peaks and Troughs in the Business Cycle • Forecasting Cyclical Turning Points: The record in past recessions • Currency Wars: The makings of the next global crisis METHODOLOGY This programme consists of a combination of learning approaches, which include direct teaching, interactive exercises, case studies, group discussions and presentations.

8


10 SIDC GAINED

CLAIMABLE UNDER

HRDF THE SBL SCHEME


WHO SHOULD ATTEND • Accountants • Financial Controllers • Finance Managers • Fund Managers • Remisiers • Dealers • Analysts DATE, VENUE & CONTACT INFO Date : 26 February 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Alya Tel : 03 2722 9195 Fax : 03 2722 9009 PROGRAMME FEE Member (MIA/ACCA) Member Firm’s Staff or Sponsored Staff Non-member


FACILITATOR OOI KOK HWA

MANAGEMENT ACCOUNTING & STRATEGIC MANAGEMENT OBJECTIVES • Assess and identify appropriate tools to evaluate M&As • Measure the value creation in M&A exercises • Determine the corporate motivation, benefits and risks arising from an M&A exercise • Determine the optimum strategy to enhance both market value and strategic value

Valuation on Mergers and Acquisitions

To merge or not to merge? An organisation cannot make that crucial decision without incisive analysis by corporate managers. To determine how a potential merger or acquisition will impact company value, you must understand the various valuation models used in valuing merger and acquisition transactions.

20


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OUTLINE • Winning through Merger and Acquisition » The motivation for undertaking M&A and divestment exercises » Critical values shareholders overlook • Building Value and Measuring Synergies » Business combinations and impact on mergers and acquisitions » Evaluate the synergistic benefits of an M&A exercise • Valuation for Mergers and Acquisitions » Various valuation approaches for M&A exercises » Determine the value of target companies as well as post-merger valuations • Income, Market and Asset Approaches » Why values for merger and acquisition should be driven by the income approach » Merger and acquisition transactional data method

• Reconciling Initial Value Estimates and Determining Value Conclusion » Application and derivation of premiums and discounts » Value reconciliation and conclusion METHODOLOGY PowerPoint slides, case studies and practical guide and discussions.

8


10 SIDC GAINED

CLAIMABLE UNDER

HRDF


THE SBL SCHEME


DATE, VENUE & CONTACT INFO Date : 27 February 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Alya Tel : 03 2722 9195 Fax : 03 2722 9009 PROGRAMME FEE Member (MIA/ACCA) Member Firm’s Staff or Sponsored Staff Non-member FACILITATOR OOI KOK HWA



LEGAL & CORPORATE GOVERNANCE OBJECTIVES • Understand salient changes between CA 1965 and CA 2016 • Understand requirements of CA 2016 that affect accounting and accountants • Understand requirements of CA 2016 that affect auditors • Make necessary preparations to the manner businesses operate arising from CA 2016

Companies Act 2016 The Implication on Accounting Profession & the Work Performed

The Companies Act 2016 has wide ranging effects on various company stakeholders, with specific effects on accountants and auditors. Gain an understanding of the effects and impacts on accounting and audits, arising from CA 2016 and Interest Scheme Act 2016, in order to be in a position to implement the new requirements correctly and appropriately.

OUTLINE Introduction • Objectives of changes to Companies Act General Administrative Issues surrounding Companies • Effects of CA 2016 on administrative matters, e.g. incorporation, Constitution, objects clause, etc • How SOPs of Accounts Payable and Accounts Receivables are affected Share Capital and No Par Value regime • Introduction to No Par Value Regime • Solvency statements and solvency tests Duties and responsibilities of Directors • Enhanced corporate governance requirements and internal controls Impact on Accounting: Prospectuses, Financial Statements and Report • Requirements on prospectuses • Requirements on Approved Accounting Standards and its effect on Financial Statements—MFRS and MPERS • System of internal control • Disclosure requirements in financial statements

• Contents of Directors’ Report and Sample Report Other matters • Impact on Auditors—current issues • Provisions relating to Private Company • Resignation of auditor • Audit exemption clause in CA2016 • Review of pertinent issues in SSM’s FAQs • General offences METHODOLOGY PowerPoint presentation, case study with illustrations, and Q&A session. WHO SHOULD ATTEND • CFOs • Senior Accountants • Accounts Executives • Auditors • Directors

LATEST

NEW

PROGRAMME

8


HRDF THE SBL SCHEME


DATE, VENUE & CONTACT INFO Date : 16 January 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Farhana Tel : 03 2722 9291 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 583 : RM 636 : RM 795


LEGAL & CORPORATE GOVERNANCE OBJECTIVES • Get highlights on key areas of significance brought about by the Companies Act 2016 • Elaborate on the new concepts the Act introduces and how it aims to simplify corporate procedures • Understand the Act's impact on accounting, preparation of financial statements, MPERS & MFRS financial reporting & auditors' reporting requirements

Companies Act 2016 Mastering the Impact on Accounting Matters and Preparation of Financial Statements

Gain an understanding on key areas of the new Companies Act 2016 that impacts accounting, preparation of financial statements, MPERS and MFRS financial reporting, as well as the auditor’s reporting requirements.

OUTLINE • No Par Value Shares, Redeemable Preference Shares and Capital Maintenance (Sections 69–74) • The Solvency Test (Sections 112–114) • Reduction of Share Capital (Sections 115–117 and 127) • Financial Assistance for Purchase of Company’s Shares (Section 125–126) • Dividend Distribution (Sections 131–133) • Loans to Directors and Persons Connected with Directors (Sections 224–225) • Financial Statements and Reports, Deadlines for Tabling and/or Circulation of Financial Statements (Sections 243–261) • Auditors: Appointment, Resignation, Removal and Retirement (Sections 262–287) • Transitional Provisions of Companies Act 2016: Key Requirements (Sections 618–619) • Directors Duties and Impact on Financial Reporting • Directors’ Report and Other Director Statements


METHODOLOGY Lectures and PowerPoint presentations, illustrative examples, discussions and Q & A.

16


WHO SHOULD ATTEND • Accountants • Auditors • Finance Directors and Controllers • Directors • Audit Committee Members • Managers • Consultants and Corporate Advisors • Internal Auditors • Accounting & Audit Professionals • Company Secretaries • Academicians

HRDF THE SBL SCHEME


DATE, VENUE & CONTACT INFO Date : 27 & 28 February 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Jannah Tel : 03 2722 9161 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 1,113 : RM 1,219 : RM 1,431

FACILITATOR J. SELVARAJAH


pd.mia.org.my 21

PERSONAL DEVELOPMENT

Leading Change as a Dynamic Change Agent

Change is inevitable, and ensuring optimal change management in the organisation requires collective team effort and the leadership of a Dynamic Change Agent. Discover how you can play a strong influential role as a Dynamic Change Agent, in winning support and buy-in for important change initiatives whilst managing organisational and people challenges.

OBJECTIVES • Understand the necessity and importance of change and your key role as a Dynamic Change Agent • Appreciate the various phases of change and to understand the challenges that Change Agents face and learn how to effectively manage these challenges • Become aware of the differences and more importantly, the commonalities of diverse Groups and individuals, in order to collectively maximise the contribution of all employees in effecting the required changes • Raise your own level of everyday work performance and professionalism by employing the appropriate change leadership style based on context OUTLINE • Preparing For Change • Reflections on Leading Change and Project Management • Your Readiness to Become a Dynamic Change Agent • Are You Well Equipped to Become a High Performing Dynamic Change Agent? • Transition Change Management or Transformation Change Management? • Executing the Communications Plan • Overcoming Resistance to Change • Leading and Winning Support Towards Optimal Change • Optimal Change Management Pitfalls to Avoid

METHODOLOGY Interactive presentation, small group activities, case studies, videos & hands-on practice. WHO SHOULD ATTEND • Accountants, Finance Managers & CFOs • HR Practitioners • General Managers & Heads of Departments • Senior Managers, Managers & Executives • Business Owners & Entrepreneurs • Business or Technical Professionals

LATEST

NEW

PROGRAMME

16


HRDF THE SBL SCHEME


DATE, VENUE & CONTACT INFO Date : 5 & 6 February 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Safwan Tel : 03 2722 9293 Fax : 03 2722 9009 PROGRAMME FEE Member (MIA/ACCA) Member Firm’s Staff or Sponsored Staff Non-member

: RM 1,325 : RM 1,432 : RM 1,696


Supported By:

PERSONAL DEVELOPMENT

Achieving More with Less in Challenging Times

The workforce today comprises people of different characteristics, influencing the effectiveness, efficiency and business performance of teams and the organisation as a whole. Learn to effectively lead today’s diverse workforce by inculcating a culture of respecting and harnessing human energy in an inclusive way, and through the leveraging of specific tools. 22


pd.mia.org.my

OBJECTIVES • Become aware of the differences and more importantly, the commonalities of diverse Groups and individuals, both inter-group and intra-group in order to maximise the contribution of all employees • Appreciate the various diversity issues and challenges, and learn to develop synergistic capabilities and capacity of teams and the organisation • Become self-confident by learning how to lead and apply practical strategies and selected tools to reinforce high performance at the workplace • Raise your level of everyday work performance and professionalism OUTLINE • Issues & Challenges Hampering Performance at the Workplace • Understanding One’s Perspective of Workplace Performance • Understanding the Characteristics of Diversity in Teams • Proactive Measures Toward Managing Diversity • Effective Strategies and Tools for “Doing More With Less” • Role of Human Resources vs Role of Immediate Supervisor/Manager • Diversity Pitfalls to Avoid

METHODOLOGY Interactive presentation, small group activities, case studies, videos & hands-on practice. WHO SHOULD ATTEND • Accountants, Finance Managers & CFOs • HR Practitioners • General Managers & Heads of Departments • Senior Managers, Managers & Executives • Business Owners & Entrepreneurs • Business or Technical Professionals

LATEST

NEW

PROGRAMME

8


HRDF THE SBL SCHEME


DATE, VENUE & CONTACT INFO Date : 26 February 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Fara Tel : 03 2722 9194 Fax : 03 2722 9009 PROGRAMME FEE Member (MIA/ACCA) Member Firm’s Staff or Sponsored Staff Non-member

: RM 689 : RM 742 : RM 901


Supported By:


BANKING & FINANCE

Business Credit Appraisal by Banks and Decision-Making

Negotiate with banks with confidence! Understand the banker’s decision-making process and how business credit appraisals and decisions are made. The knowledge and skills learnt in presenting business recommendations, would greatly enhance your role and capability as a true “Manager of Value” for the benefit of both internal and external stakeholders.

OBJECTIVES • Demonstrate a better appreciation of the essential concepts of credit risk analysis • Proactively identify and mitigate potential risk issues when negotiating with banks • Apply a practical approach in assessing the credit-worthiness of business entities • Use a structured framework to interpret, integrate and synthesise the right information towards an optimal credit or business decision • Communicate the rationale for credit or business decisions more effectively to non-finance professionals and various stakeholders OUTLINE • Introduction • Understanding the landscape in which businesses operate • Types of businesses and their unique characteristics • Sources and uses of funds in businesses • The lifecycle of loans and other banking facilities • Key issues/risks in the minds of business owners/entrepreneurs/CEOs • Key issues/risks in the minds of bankers/financiers • Interpretation of financial spreadsheets from a banker’s perspective • Relevant information gathering and verification • Risk-reward considerations by banks • Types of security/collateral and their limitations » Tools and techniques used in credit decision-making—the 5Cs, CAMPARI and other models

16

• Towards a sound credit decision— interpreting, integrating and synthesising the right information • Understanding the components of the credit presentation model • Overall wrap–up


METHODOLOGY Interactive lectures, discussions, case studies, videos, small group activities, and hands-on practice.

HRDF THE SBL SCHEME


WHO SHOULD ATTEND • Heads of Departments • Senior Managers • Managers • Executives • Business Owners • Entrepreneurs • Aspiring Bankers DATE, VENUE & CONTACT INFO Dates : 15 & 16 January 2018 Venue : Pullman Kuala Lumpur Bangsar Contact : Alya Tel : 03 2722 9195 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 1,908 : RM 2,014 : RM 2,226


PUBLIC PRACTICE & CONSULTANCY

Audit Quality Enhancement Programme for SMPs 2018

A quality audit is synonymous with faithful compliance to accounting and auditing standards as well as statutory requirements. To assist Small and Medium-sized Practices in this, the Institute will share key Practice Review findings and address the pitfalls in carrying out audit assignments.

OBJECTIVES • Highlight the requirements of ISQC 1 • Introduce the risk-based approach of the enhanced Practice Review programme • Create awareness of remedial measures to improve audit quality • Highlight the common findings of the Practice Review Report 2009–2013 • Provide guidance to SMP practitioners in overcoming the pitfalls of noncompliance with relevant accounting and auditing standards • Highlight the requirements of the New Auditor’s Report OUTLINE • Macro View & Practical Approach to ISQC1 » A macro view of the elements of ISQC1 » What are practitioners’ difficulties in implementing ISQC1 • Enhanced Practice Review Framework » Changes to By-Laws—Section 550 & Appendix VI on Practice » Risk based approach • Practice Review Report 2009–2013 » Common findings of impairment on audit quality » Relevant standards/statutes and recommended practices to address weaknesses identified » Root causes of failure of audit firms • Addressing Common Engagement Deficiencies and the Importance of Documentation » Review of relevant auditing standards » Practical guidance in auditing areas


practitioners commonly find troublesome • Auditor Reporting and Key Audit Matters » New Auditor Reporting » Modifications to the Opinion in the Independent Auditor’s Report » Emphasis of Matter Paragraphs or Other Matter Paragraphs in the Independent Auditor’s Report

16

CPE HOURS GAINED Per Programme RECOGNISED FOR AUDIT APPROVAL RENEWAL

METHODOLOGY Interactive discussions supported with illustrations and case studies. WHO SHOULD ATTEND • Partners, Sole-Proprietors & Principals • Managers & Senior Auditors • Approved Company Auditors and those interested in issues governing audit quality DATE, VENUE & CONTACT INFO Dates : 22 & 23 January 2018 29 & 30 January 2018 Venue : MIA Office, Bangsar South City, Kuala Lumpur Contact : Fara Tel : 03 2722 9194 Fax : 03 2722 9009 PROGRAMME FEE Member Member Firm’s Staff or Sponsored Staff Non-member

: RM 424 : RM 477 : RM 530

FACILITATOR LIM SEONG ON DOWNLOAD FULL BROCHURE FROM

pd.mia.org.my 23

Microsoft Office Course Schedule

Information Technology

January & February 2018 | The Dynamics to Excel DAY

JAN 2018

FEB 2018

MEMBER

424.00

371.00

MICROSOFT OFFICE 2010/2013/2016 COURSES

Automate Financial Consolidation with Microsoft Excel 2007 Financial Consolidation entails combining multiple divisions/subsidiaries with varying accounting practices and procedures. All these push for a need of a more effective use of accounting applications and spreadsheet in managing this task. In this course, you will learn the hands-on step by step approach on how to design a flexible and dynamic Excel-based consolidation process, streamline data collection process, translate foreign currencies, manage consolidation adjustments which ultimately automate the routine and tedious work in performing group accounts all at a click of a few buttons. Automating Financial Reports with Microsoft Excel 2007 Finance department faces intense pressures and compliance to regulatory requirements. The process of preparing financial reports and analysis can be daunting, e.g. coming up with quarterly statement may take-up much resources and an analyst may require much time in entering, validating and verifying data. Microsoft Excel’s ability to help automate the way data is captured, shared, reported and analysed can be astounding. This training presents to participants the many Microsoft Excel reporting functions that will expedite and allow information to be automatically pulled into financial reports and statements. Interactive Visual Reporting and Analysis with Microsoft Excel 2007/2010/2013 Data Visualisation is increasingly becoming an essential need in enhancing business decisions. This course brings users to the forefront on the technology of data visual display to enhance reporting, analysis and performance management. With visual analytics, users can spot business issues and problems needing attention at a glance and take action on a timely manner. Microsoft Excel is an ideal tool in putting all these data together, making meaning out of it and displaying the analysis easily in an interactive dashboard form. Manipulating Data Effectively with Microsoft Excel 2010 These days, any managerial or analyst role requires that you work with data. Excel remains one of the most powerful and easy to use tools when it comes to crunching data. Learning Excel in a proper, structured way can not only help you save time, but it will also help you become better at your job and can give you time to focus on things and people that matter. This is an ideal course for users who desires to manage data, sort and filter, analyse data, and learn to automate some common Excel tasks. Financial Dashboard Reporting with Microsoft Excel 2007 Dashboard reporting is the best way to go. However it is a technique that many Excel users may not be familiar with or know how to implement. This will be the course to see what a powerful tool Excel can be for dashboard reporting. Kindly contact us for the course content of other programmes.

24


pd.mia.org.my

Microsoft Word 2010 (Fundamental & Intermediate)

2

Microsoft PowerPoint 2010 (Fundamental & Intermediate) Microsoft PowerPoint 2010 (Advanced) Microsoft Project 2010 (Fundamental & Intermediate)

8

FEES (RM) NONMEMBER

CPE HOURS GAINED Per Day

-

6-7

1

8

-

212.00

201.40

1

22

-

233.20

201.40

2

18-19

-

901.00

795.00

Microsoft Visio 2010

1

-

5

530.00

424.00

Microsoft Word 2013 (Fundamental & Intermediate)

2

11-12

-

424.00

371.00

Microsoft Access 2013 (Fundamental & Intermediate)

2

-

6-7

424.00

371.00

Microsoft Access 2013 (Advanced)

2

-

26-27

530.00

434.60

Microsoft Visio 2013

1

29

-

530.00

424.00

Microsoft Publisher 2013

1

-

5

477.00

424.00

Microsoft PowerPoint 2016 (Fundamental & Intermediate)

1

-

8

212.00

180.20

Microsoft PowerPoint 2016 (Advanced)

1

-

9

233.20

201.40

CLAIMABLE UNDER

HRDF THE SBL SCHEME


20

LIMITED PARTICIPANTS ONLY PER CLASS

* Available upon request CORE MICROSOFT EXCEL COURSES MICROSOFT EXCEL 2007/2010/2013/2016 COURSES

Microsoft Excel 2007 Essential Skills (recommended for Basic user)

2

23-24

-

424.00

371.00

Manipulating Data Effectively with Microsoft Excel 2007

2

30-31

-

477.00

424.00


2

9-10

6-7

424.00

371.00


2

16-17

12-13

477.00

424.00


2

-

12-13

424.00

371.00


2

-

26-27

477.00

424.00


2

18-19

-

424.00

371.00


2

23-24

-

477.00

424.00

HIGH END MICROSOFT EXCEL COURSES MICROSOFT OFFICE 2003/2007/2010/2013/2016 COURSES

Tasks Automation with Microsoft Excel 2003/2007/2010/2013/2016 Macro / VBA (Fundamental & Intermediate)

2

16-17

6-7

1007.00

901.00

What If Analysis with Microsoft Excel 2003/2007/2010/2013/2016

1

15

-

636.00

530.00

Microsoft Excel Functions & Formulas 2003/2007/2010/2013/2016

2

11-12

8-9

1007.00

901.00

25-26

8-9

1049.40

943.40

MICROSOFT OFFICE 2007/2010/2013/2016 COURSES

Tasks Automation with Microsoft Excel 2007/2010/2013/2016 Macro / VBA (Advanced)

2

Data Management with Pivot Table using Microsoft Excel 2007/2010/2013/2016

1

15

5

530.00

424.00

Microsoft Excel 2007/2010/2013/2016 Interactive Charts

1

29

-

477.00

371.00

Unleash the Power of Microsoft Excel 2007/2010/2013/2016 Lookup Functions

1

8

-

636.00

530.00

Interactive Visual Reporting and Analysis with Microsoft Excel 2007/2010/2013/2016

2

30-31

12-13

1378.00

1309.10

Mastering Microsoft Excel Array Formulas 2007/2010/2013/2016

1

-

13

636.00

530.00

MICROSOFT OFFICE 2010/2013/2016 COURSES

PowerQuery : Transforming work processes in Microsoft Excel 2010/2013

1

22

-

954.00

848.00

PowerPivot : Powerful Data Analysis and Data Modeling in Microsoft Excel 2010/2013/2016

2

9-10

6-7

1908.00

1696.00

PowerQuery : Transforming work processes in Microsoft Excel 2016

1

-

5

954.00

848.00

Financial Dashboard Reporting with Microsoft Excel 2007

2

23-24

-

1484.00

1378.00

Automate Financial Consolidation with Microsoft Excel 2007

1

29

-

848.00

742.00

The underlined indicates the version used to conduct the course. FINANCIAL COURSES

The above programme fee is inclusive of 6% GST.

What business needs does Financial Series address? With Financial Series workshop, financial reporting and budgetary process becomes completely structured and integrated. This offers many advantages including: • Save time & effort - Generate budgets, plans and month end manage reports with greater speed and less effort; • Greater accuracy - Avoid manual linking and data entry that has high risk of errors; • Better financial control - Manage profit and cash flow effectively. Identify financial problems before they arise; • Reduce cost - No need to purchase additional specialist software. You could leverage on the power of Microsoft Excel to automate the routine financial reporting process and save time to evaluate the financial results instead. This tool will assist the Finance team to be more productive and efficient!

METHODOLOGY All programmes will be held in a computer lab for practical hands-on exercises, accompanied by group exercises.

TRAINING VENUE & CONTACT INFO Venue : PentaWise Sdn Bhd Suite 37-8, The Boulevard Mid Valley City, Lingkaran Syed Putra 59200, Kuala Lumpur Contact : Farhana Tel : 03 2722 9291 Fax : 03 2722 9009


Other Programmes in January & February 2018 CENTRAL REGION Enhance Your GST Accounting Software to be GST Compliant • 15 January 2018, Pullman Kuala Lumpur Bangsar From Easy Strategic Thinking to Successful Execution • 22 January 2018, Pullman Kuala Lumpur Bangsar Joy of Writing Your Management Reports • 22 & 23 January 2018, Pullman Kuala Lumpur Bangsar A series of half-day programmes on: Valuation in Practice for Transactions and Reporting: • Valuation Fundamentals, 22 January 2018, VE Hotel & Residences, Kuala Lumpur • Valuation for Business Combination, 29 January 2018, VE Hotel & Residences, Kuala Lumpur • Valuation of Intangible Assets, 5 February 2018, VE Hotel & Residences, Kuala Lumpur Withholding Tax, Clearing the Myths • 24 January 2018, Concorde Hotel Kuala Lumpur Professional Management for Professional Success • 24 & 25 January 2018, Pullman Kuala Lumpur Bangsar Building Your Winning Team • 29 & 30 January 2018, Pullman Kuala Lumpur Bangsar Practical Audit Essentials & MPERS • 6 & 7 February 2018, Concorde Hotel Kuala Lumpur How to Overcome Adversity & Challenges • 27 February 2018, Connexion Conference & Event Centre @ The Vertical, Bangsar South, Kuala Lumpur SOUTHERN REGION Latest Updates on Employers' Statutory Requirements in 2018 –including Tax Audit Issues • 11 January 2018, Renaissance Johor Bahru Hotel Know the Process, Know Your Rights Tax Doesn't have to be Taxing • 15 January 2018, DoubleTree By Hilton Johor Bahru • 26 February 2018, Ramada Plaza Melaka Mastering GST Tax Codes and GST Audit Approach • 17 & 18 January 2018, Holiday Villa Johor Bahru City Centre

A Review of the Three New Standrads (MFRS9, MFRS15 & MFRS16) • 22 & 23 January 2018, DoubleTree By Hilton Johor Bahru MFRS/IRFS Technical Updates 2018 • 24 January 2018, DoubleTree By Hilton Johor Bahru Tax Deductible Expenses - Principles and Latest Developments • 5 February 2018, Mutiara Johor Bahru Withholding Tax and Cross Border Transactions • 6 February 2018, Mutiara Johor Bahru NORTHERN REGION Practical Auditing Methodology for SMPs • 11 & 12 January 2018, Sunway Hotel Seberang Jaya, Penang MFRS/IRFS Technical Updates 2018 • 15 January 2018, G Hotel Penang Know the Process, Know your Rights Tax Doesn't have to be Taxing • 18 January 2018, Eastern & Oriental Hotel Penang Dashboard Reporting Made Simple for Accountants • 22 & 23 January 2018, Hotel Jen Penang GST Risk Avoidance & Overcoming Pitfalls - Updates of Legislation Policy Decisions & Tax Codes • 25 January 2018, Hotel Jen Penang Know the Process, Know your Rights Tax Doesn't have to be Taxing • 5 February 2018, Weil Htotel Ipoh Companies Act 2016: The Implication on Accounting Profession & the Work Performed • 7 February 2018, Hotel Jen Penang MFRS 15: Mastering Revenue Recognition with the Impact of GST and Income Tax Discussed –Fully illustrated with case studies • 8 February 2018, Hotel Jen Penang Latest Updates on Employers' Tax Statutory Requirements in 2018 – including Tax Audit Issues • 27 February 2018, Hotel Jen Penang EAST COAST REGION GST Common Errors & Mitigating Risks • 22 January 2018, Renaissance Kota Bahru Hotel

Know the Process, Know your Rights Tax Doesn't have to be Taxing • 12 January 2018, Kuching Pullman Hotel, Kuching • 22 January 2018, Sabah Hotel, Sandakan • 23 January 2018, Hyatt Regency Kinabalu, Kota Kinabalu • 24 January 2018, Promenade Hotel, Tawau Budgeting Practice & Cash Flow Forecasting Techniques • 15 & 16 January 2018, The Pacific Sutera, Kota Kinabalu Understanding & Preparing Consolidated Financial Statements - A Practical Approach for Beginners • 15 & 16 January 2018, The Pacific Sutera, Kota Kinabalu Transition to MPERS - Guided Approach to the Preparation of the MPERS Opening Position Together with All Required Disclosures • 18 January 2018, Hilton Hotel, Kuching Mastering GST Tax Codes and GST Audit Approach • 22 & 23 January 2018, Pullman Hotel, Kuching • 24 & 25 January 2018, RH Hotel, Sibu Practical Auditing Methodology for SMPs • 25 & 26 January 2018, Promenade Hotel, Tawau Latest Updates on Tax Audit & Investigations • 30 January 2018, Pullman Miri Waterfront, Miri Tax Incentives- Latest Updates & Developments • 1 February 2018, The Pacific Sutera, Kota Kinabalu • 26 February 2018, Hilton Hotel, Kuching MPERS Practical Financial Reporting Issues – Including the Impact of Companies Act 2016 and Revised Auditors’ Report • 1 & 2 February 2018, New World Suites, Bintulu • 5 & 6 February 2018, Sabah Hotel, Sandakan GST Common Errors & Mitigating Risks • 8 February 2018, Pullman Hotel, Kuching Companies Act 2016: The Implication on Accounting Profession & the Work Performed • 28 February 2018, Hilton Hotel, Kuching

EAST MALAYSIA GST Risk Avoidance & Overcoming Pitfalls - Updates of Legislation Policy Decisions & Tax Codes • 10 January 2018, The Pacific Sutera, Kota Kinabalu

Visit our website pd.mia.org.my for details. Please contact us at 03-2722 9000 or [email protected] for enquiries.

UPCOMING SPECIAL EVENTS FORENSIC AND FRAUD INVESTIGATION CONFERENCE 2018 16 January 2018 (Tuesday), Pullman Kuala Lumpur Bangsar With mounting corporate fraud, companies today face rising risks both from internal fraud as well as external criminals who are technologically savvy. Due to increased awareness and society’s growing intolerance of fraud, demand for forensic accountancy and investigation is on the upswing. Forensic accountants who boast superior accounting knowledge combined with solid investigative skills, and who are able to integrate technology, are thus in a prime position to advance in the fast-growing areas of litigation support and investigative accounting. Don’t miss this special event that is specially geared to upskill existing and aspiring forensic accountants, and learn the latest strategies and best practices that can be adapted to your organisations’ and clients’ needs.

FINANCING SEMINAR FOR SMEs IN ICT & STARTUPS 29 January 2018 (Monday), Pullman Kuala Lumpur Bangsar Did you know that as a Small & Medium Enterprise (SME) in ICT or startup, you have access to alternate sources of financing apart from conventional bank loans? Don’t let the tight liquidity today force you to shelve your expansion plans. Explore the various grants made available by the Malaysian government as well as other alternative avenues of financial assistance to help you grow your business in this seminar.

TRUST & INTEGRITY CONFERENCE 2018 7 February 2018 (Tuesday), Connexion Conference & Event Centre @ The Nexus, Bangsar South, Kuala Lumpur Jointly Organised By

Good governance and integrity are vital for excellence in financial management, transparency, accountability and performance. These will lead to more robust integrity, confidence and trust in Malaysian business, society and capital markets. Join us in exploring leading ideas in today's trust and integrity space: from measuring trustworthiness in organisations, developing trustworthy leaders, leveraging blockchain as a proxy for trust, and better reporting for transparency and integrity.

Supported by:

MALAYSIAN INSTITUTE OF ACCOUNTANTS Dewan Akauntan, Unit 33-01, Level 33, Tower A, The Vertical Avenue 3, Bangsar South City, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur Tel: 03-2722 9000 Fax: 03-2722 9009 Email: [email protected] Website: pd.mia.org.my

PARTICIPANTS' DETAILS Participant 1

Full name as per I/C (Dato' / Datin / Dr / Mr / Mrs / Ms):

 Vegetarian Meal Membership No.:

Designation: * Member

Email: * Non-member

* Sponsored Staff1 (Sponsoring MIA member’s name & membership no.)

Participant 2

Full name as per I/C (Dato’ / Datin / Dr / Mr / Mrs / Ms):

 Vegetarian Meal Membership No.: 1

Designation: * Member


* Sponsored Staff1 (Sponsoring MIA member’s name & membership no.)

Participant 3

Full name as per I/C (Dato’ / Datin / Dr / Mr / Mrs / Ms):

 Vegetarian Meal

The above programme fee is inclusive of 6% GST.

Membership No.: Designation: * Member

MIA GST Reg. No.: 000955203584


* Sponsored Staff

ENQUIRIES AND REGISTRATION

1

(Sponsoring MIA member’s name & membership no.)

ORGANISATION'S DETAILS Organisation: Industry:

Contact Person:

Address:

Email:

Tel:

Fax:

GST ID No.:

(Applicable for Companies/Individuals registered with the Royal Malaysian Customs Department)

Signature & Company Stamp:

PAYMENT DETAILS Payment by Cheque Bank & Cheque No.:

Amount RM:

Payment by Credit Card

 Visa

 Master

Cardholder's Name: Card No.:

Expiry Date:

I Authorise Payment of RM:

Head Office Tel : 03 2722 9000 Fax : 03 2722 9009 Email : [email protected] Address : Malaysian Institute of Accountants Dewan Akauntan Unit 33-01, Level 33, Tower A, The Vertical Avenue 3, Bangsar South City No. 8, Jalan Kerinchi 59200 Kuala Lumpur Johor Contact : Farzana Tel : 07 227 0369 Fax : 07 222 0391 Email : [email protected] Address : Malaysian Institute of Accountants 5.03A, 5th Floor Menara TJB No. 9, Jalan Syed Mohd Mufti 80000 Johor Bahru Penang Contact : Sylvia Anthony Tel : 04 261 3320 Fax : 04 261 3321 Email : [email protected] Address : Malaysian Institute of Accountants Suite 3.4, Level 3, Wisma Great Eastern 25 Lebuh Light, 10200 Penang Sabah Contact : Shirley/Inda Tel : 088 261 291 Fax : 088 261 290 Email : [email protected] Address : Malaysian Institute of Accountants Lot 6, 2nd Floor, Block A, Damai Point Commercial Centre, Off Jalan Damai Luyang, 88300 Kota Kinabalu Sarawak Contact : Teddy/Sandra Tel : 082 418 427 Fax : 082 417 427 Email : [email protected] Address : Malaysian Institute of Accountants 1st Floor, Ultimate Professional Centre 16, Jalan Bukit Mata Kuching 93100 Kuching

REMINDER FOR SPECIFIED PROGRAMMES Bring your calculator

Cardholder's Signature:

Date:

For complete programme details, please download the full brochure(s) from: pd.mia.org.my Our programmes can be customised to meet your in-house training requirements. Please call for details.

PROGRAMME FEE • Fee is payable to MALAYSIAN INSTITUTE OF ACCOUNTANTS • Fee includes course materials, lunch and 2 tea breaks per day. • Full payment of the above amount shall be made within thirty (30) days from the date of the Payment Advice or on the day of the event, whichever earlier. • Admittance may be denied upon failure to make full payment as per the above requirement. CANCELLATION/TRANSFER Upon registering, participant(s) are considered successfully enrolled in the event. Should participant(s) decide to cancel/transfer their enrolment, a cancellation/transfer policy shall be applied as follows. a. Written cancellation/transfer received less than seven (7) days from the date of the event: - A refund (less administrative charge of 20%) will be made - Unpaid registrations will also be liable for 20% administrative charges b. Written cancellation/no show on the day of the programme: - No refund will be entertained - Unpaid registrations will also be liable for full payment of the registration fee - Partial cancellation is not allowed You can substitute an alternate participant if you wish to avoid cancellation/transfer charges. Any difference in fees will be charged accordingly.

Bring your laptop

IMPORTANT NOTES: Registration is on a first-come-first-served basis. Only fully completed registration form will be processed.

*Please select the participant classifi cation carefully as it determines the fee payable. No alteration will be allowed after the registration is accepted. Terms and conditions apply. 1 The Sponsored Staff must report directly to the sponsoring MIA member in his/her firm or company. CERTIFICATE OF ATTENDANCE AND CPE HOURS • Upon full attendance of the programme, participants will be issued an “E-certifi cate”. Participants will receive an email with a download link and are required to download the e-certifi cate within 30 days. For this purpose, it is COMPULSORY to fill in the email address clearly. • For MIA members, the CPE hours will be credited into the Membership System within 2 weeks of the event. • Participants will only be entitled to the CPE credit hours upon attending the entire duration of the programme. CPE credit hours will not be accorded for partial attendance. DATA PROTECTION Personal Data is gathered in accordance with the Personal Data Protection Act 2010 (Act 709). DISCLAIMER Malaysian Institute of Accountants (MIA) reserves the right to change the speaker(s), date(s) and to cancel the programme should circumstances beyond its control arises. MIA also reserves the right to make alternative arrangements without prior notice should it be necessary to do so. Upon signing the registration form, you are deemed to have read and accepted the terms and conditions.