w.e.f. 1 Jan 2016
The new Malaysian Private Entities Reporting Standards (MPERS) will replace the existing Private Entities Reporting Standards (PERS) for financial periods beginning on or after 1st January 2016. We are expecting many private entities in Malaysia to be affected. The purpose of adopting the MPERS is to allow the financial statements of private entities in Malaysia will be comparable to the financial statements of SMEs in many countries across the globe. PERS is no longer allowed for private entities with financial periods begin on or after 1st of January 2015.
This article first appeared on The Star on 27th October 2015
We will be conducting our second training on MPERS in order for our clients to embrace the new accounting standards. The training will be held on the 19th of February 2016, and it will be held in Niniq Bistro at Taman Setia Tropika, from 9.00am. to 6.00pm.
Through this seminar, we will provide:
- a general recap of accounting treatments and concepts on the latest development of the transition from PERS to MPERS; and
- comparison between PERS and MPERS;
- guidance to participants to present a better financial statements.
We will also provide examples and case studies to the participants for a clearer understanding.
We also welcome practical questions faced by participants. We are expecting that the move to adopt MPERS should smoothen cross-border investment and trade between SMEs, and bring us to a more international level.
Please download the seminar form over here.
If you have further query, please do not hesitate to contact our staff:
– Swee Ann (sweeann@mswongco.com)
– Iris (iris@mswongco.com)
– Carmen (nc.ngoh@mswongco.com)
Please look out for our next newsletter.
Thank you.
With compliments from,
M.S. Wong & Co.
|
