2 IFRS Technical Update 2015

MFRS/IFRS Overview and Update

n 9 & 10 June 2015 n

9.00am 5.00pm n Concorde Hotel, Kuala Lumpur

Standards are constantly changing due to improvements, amendments and new issues, thus keeping up to date
with MFRS/IFRS is a daunting task for every accountant in practice.
CCH Executive Events presents a workshop that attempts to make the task easier by giving an overview on the
existing Standards and a brief on the recent exposure drafts and discussion papers.

Benefits of Attending
Update: on the current development of MFRS/IFRS
Implementation: Get an understanding of the

influence of MFRS/IFRS on management practices

and audit procedures and the impact on the
financial performance, financial positions, and
implications on financial ratios

Who Should Attend

Accountants
Compliance Officers
Preparers of Financial Statements
Auditors (internal and external)
Company Directors
Regulators
Company Secretaries

Programme Outline
MFRS37

1 Overview of selected Standards

MFRS

IFRS

Standards
Presentation and Disclosure of
Financial Statements

MFRS101

IAS01

Presentation of Financial Statements

MFRS107

IAS07

Statement of Cash Flows

MFRS124

IAS24

Related Party Disclosures

MFRS08

IFRS08

Operating Segments
Accounting Policies and Accounting
for Taxation

MFRS120

IAS37
IAS20

(Will include latest technical issues at seminar date)

2.1 A brief on IASBs current work plan

2.2 New and Amended Standards with effective date 1 January 2015 onwards
Date Issued

Effective Date

IFRS 14 Regulatory Deferred Accounts

30 Jan 2014

1 Jan 2016

Accounting for Acquisition of Interest in Joint Operations

(Amendments to IFRS 11)

6 May 2014

1 Jan 2016

Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to

IAS16 and IAS 38)

12 May 2014

1 Jan 2016

New and Amended Standards Issued in 2015

(Will include latest technical issues at seminar date)

New and Amended Standards Issued in 2014

IFRS 15 Revenue from Contracts with Customers

28 May 2014

1 Jan 2017

Agriculture: Bearer Plant: (Amendments IAS16 & IAS41)

30 Jun 2014

1 Jan 2016

IFRS 9 Financial Instruments

24 Jul 2014

1 Jan 2018

Equity Method in Separate Financial Statements

(Amendments to IAS27)

13 Aug 2014

1 Jan 2016

Liabilities (Accounting for Obligations)

Sale or Contribution of Assets between and Investor and its Associate or Joint Venture
(Amendments to IFRS10 and IAS28)

11 Sep 2014

1 Jan 2016

Provisions, Contingent Liabilities and

Contingent Assets

Annual Improvements 2011-2014 Cycle

25 Sep 2014

1 Jan 2016

IFRS Disclosure Initiative (Amendment to IAS1)

18 Dec 2014

1 Jan 2016

IFRS Investment Entities: Applying the Consolidation Exemption (Amendment to IFRS10,

IFRS12 & IAS28)

18 Dec 2014

1 Jan 2016

Accounting for Government Grants

and Disclosure of Government
Assistance

MFRS119

IAS19

Employee Benefits

MFRS17

IAS17

Leases

2.3 Exposure Drafts

Update on Leases

Exposure Drafts Issued in 2015

Tangible and Intangible Assets

MFRS02

IAS02

Inventories

(Will include latest technical issues at seminar date)

MFRS16

IAS16

Property, Plant and Equipment

Exposure Drafts Issued in 2014

IAS40

Investment Property

Date Issued

MFRS1

IFRS1

First-time Adoption of MFRS/IFRS

MFRS140

MFRS108

IAS08

Accounting Policies, Changes in

Accounting Estimates and Errors

MFRS138

IAS38

Intangible Assets

ED/2014/1

25 Mar 2014

MFRS05

IFRS05

Non-current Assets Held for Sale and

Discontinued Operations

Disclosure Initiative
Proposed Amendments to IAS1

ED/2014/2

IAS36

Impairment of Assets

Investment Entities: Applying Consolidation Exemption

Proposed Amendments to IFRS10 & IAS28

11 Jun 2014

MFRS136

ED/2014/3

Recognition of Deferred Tax Assets for Unrealised Losses

Proposed Amendments to IAS12

20 Aug 2014

ED/2014/4

Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associated at Fair Value
(Proposed Amendments to IFRS10, IFRS12, IAS27 & IAS28 & IAS36 Illustrative Examples
for IFRS13)

16 Sep 2014

ED/2014/5

Classification and Measurement of Share-based Payment Transactions (Proposed

Amendments to IFRS2)

25 Nov 2014

ED/2014/6

Disclosure Initiative (Proposed Amendments to IAS7)

18 Dec 2014

Revenue Recognition and

Measurement
MFRS118

IAS18

Revenue

MFRS111

IAS11

Construction Contracts

MFRS132

IAS32

Financial Instruments: Presentation

Update on Revenue from Contracts

with Customers

MFRS139

IAS39

Financial Instruments: Recognition and

Measurement

Standards Affecting Measurement of

Assets and Liabilities

MFRS07

IFRS07

Financial Instruments: Disclosure

MFRS9

IFRS9

Financial Instruments
(Technical brief and update)

MFRS123

IAS23

Borrowing Costs

MFRS121

IAS21

The Effect of Changes in Foreign

Exchange Rates

MFRS13

IFRS13

Financial Instruments

Business Combinations and

Accounting for Investments Interests

Fair Value Measurement

MFRS03

IFRS03

Business Combinations

Selected Standards Dealing with

Specific Transactions and Events

MFRS127

IAS27

Separate Financial Statements

MFRS128

IAS28

Investments in Associates and Joint

Ventures

MFRS112

IAS12

Income Taxes

MFRS10

IAS10

Events After the Reporting Period

MFRS10

IFRS10

Consolidated Financial Statements

MFRS2

IFRS2

Share-based Payments

MFRS11

IFRS11

Joint Arrangements

MFRS12

IFRS12

Disclosure of Involvement with Other

Entities

Workshop Leader
Workshop Leader
Danny Tan has over 30 years of working experience in public practice, commerce and industry. He was trained with a firm of
Chartered Accountants in London where he worked for over 10 years and he also worked for 5 years in a number of UK-based
MNCs. In the last 15 years he is a partner of a consulting firm providing financial training and consultancy for firms in public
practice, multinational companies, governments, regulators and professional institutions in financial reporting matters in several
countries.
Danny specialises in IFRSs and International Public Sector Accounting Standard (IPSAS). He is currently engaged as a project
manager with the MASB in several projects. He holds an Honours Degree in Economics, two master degrees an MBA and a
Master in Business Practice. He is a member of several professional institutions CIMA, ACCA, ISCA, MIA.

Registration Form
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WORKSHOP DETAILS

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MFRS/IFRS Overview and Update

Please register me for the workshop

q 9 & 10 June 2015, Kuala Lumpur (1415MAE)

Date : 9 & 10 June 2015

Time : 9.00am 5.00pm
Venue : Concorde Hotel, Kuala Lumpur

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REGISTRATION INFORMATION

Christina 603.2024.8622 / 6014.933.7550

Email hea.shichiann@cch.com.my
Website www.cch.com.my
Address COMMERCE CLEARING HOUSE (M) SDN BHD
Level 26, Menara Weld,
No. 76, Jalan Raja Chulan,
50200 Kuala Lumpur, Malaysia.

Delegate 1 (Mr/Ms)
Job Title
Email

MFRS/IFRS Overview
and Update

Delegate 2 (Mr/Ms)
Job Title

HRDF Claims
This workshop is HRDF-SBL claimable, subject to the approval of HRDF.
Pursuant to the provisions of the DIRECT SALES ACT 1993, the registration form
herein shall only be used by body corporate. Since Commerce Clearing House (M)
Sdn Bhd is unable to accept any individuals who are not body corporate, individual
applicants who wish to attend are requested to register themselves at Level 26,
Menara Weld, 76 Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia or call us for
registration procedure.
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Reservations may be made by telephone/telefax/email but will only be confirmed
upon receipt of the relevant registration form(s).
Payment By Cheque: All cheques should be crossed, marked A/C payee only and
made payable to Commerce Clearing House (M) Sdn Bhd with the title of the
programme(s) indicated clearly on the back of the cheques.
Cancellation and Substitution Policy
A substitute delegate is welcome at any time at no extra charge if the registered
participant is unable to attend. Full payment will be charged if cancellation is made
after 26 May 2015. This also applies to no show on the day of event. All notices of
cancellation or replacements must be made in writing and acknowledged by Wolters
Kluwer via email or fax.
Programme Changes
Wolters Kluwer reserves the right to amend or cancel the event due to unforeseen
circumstances.
GST
1. Prices are GST inclusive wherever applicable (with effect from 1 April 2015).
2. Commerce Clearing House (Malaysia) Sdn Bhd has registered for GST under the
Goods Services Act 2014 (GST Registration No: 000473956352). The existing 6%
will be levied on any taxable supply of goods and services made on or after
1 April 2015.

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Email
Company size

1-19
300-499

20-49
50-99
more than 500

100-299

Industry

9 & 10 June 2015 , Kuala Lumpur

CCH Executive Events

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THE ORGANISER
CCH Executive Events is the seminar and conference arm that offers timely business critical information, insights and analysis conducted by industry practitioners and
academics to provide participants a well-balanced blend of theoretical fundamentals and practical applications. We are backed by over 100 years of multi-national publisher
background in a wide array of professional topics especially Taxation, Accounting, Auditing, Corporate Law, Company Secretarial Practice, Business Law, and Employment
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