MBRS - Practical Hands on Application of Financial Statement Content into the MBRS platform

27-28 Oct, 2020, AC Hotel By Marriott Kuala Lumpur (Formerly known as Vistana Kuala Lumpur)

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TAN KOK TEE
DBA, MBA-Finance, FAIA, MIPA, MCCS, ACTIM,
International Accountant (UK),
Public Accountant (Aust.)
Certified Company Secretary.
HRDF Certified Trainer
Registered GST Agent
.

 

Mr. Tan Kok Tee has 40 years of working experience in Accounts & Financial, Strategic and General Management field. He has held a variety of leadership and senior management roles in various organizations, starting in the Accounts & Finance Department until CFO level and the last being Group Chief Executive Officer. More than half of these times were spent in the Manufacturing, Marketing & Distribution and Services organizations.

 

He is a Fellow member of the Association of International Accountants, UK; Member of the Institute of Public Accountants, Aust.; Certified Commercial Accountant, (M); Member of the Chartered Tax Institute of Malaysia; Member of the Malaysia Associations of Company Secretaries (M) and a Gold Mastery Holder in Reinventing Strategic Planning and Management from the Haines Centre for Strategic Management, sponsored by University of San Diego, USA.

 

He is also a Certified Trainer with PMSB’s (HRDF) Train The Trainer Certificate since 2009, a GST Agent registered with MOF & Holder of the GST MyGCAP certificate from RMCD and a Life Member of the Malaysian Institute of Directors.

 

Mr. Tan has been involved in Advisory, Training and Facilitation since beginning 2009. To-date he has conducted about 400 training workshops throughout Malaysia on topics on GST; SST; Practical Accounting for Accounting Staffs; Reading, Analyzing and Interpreting Financial Statement; Accounting and Finance for Non-Finance Managers; Customers Credit Evaluations and Collection Strategies; Incoterms, LC Operations and Trade Financing; Reinventing the Strategic Planning and Management and Financial Statement Hands On Application to MBRS, for both in-house as well as public. Mr. Tan has given close to 20 training sessions on Financial Statement Hands on Application to MBRS.

 

Among the organizations that Tan Kok Tee has been providing training for, include Government Authorities, Chamber of Commerce, Government Link Companies, Banks, Malaysian Institute of Accountants, Chartered Institute of Management Accountants, CPA Australia, Malaysian Institute of Chartered Secretaries and Administrators, Selangor State Human Resource Development Centre (SHRDC), Negeri Sembilan State Skills Development Centre (NSSDC), Penang Skill Development Centre (PSDC), NGOs and many others public training providers.

 

His other clients include Shin Yang Group, MIRI, Bintulu Port, Deleum Bhd., Boustead Plantation Bhd., Takahata, FBK Manufacturing, Brothers Industries, Integrated Logistics, Mega Logistics, Chung Hwa Picture Tubes, Ohara Melaka, Safran Aerospace, NEC Corp. of Malaysia, Kobe Precisions, Tecktronic & Sons Holdings, Julie’s Biscuits, Ornapaper Melaka, Sunway University, Sime Darby Properties, Lion Group and many more.

 

To-date Mr. Tan has trained more than 15,000 Executives. He combines a wide range of practical and hands-on training experience in lively and challenging interactive training sessions.

 

He also developed and delivered an entrepreneurship program specially designed for MBA students from GC University, Pakistan in collaboration with Sunway Education Group for period 2010 to 2014 and was an invited speaker for the Asian Financial Controller’s Congress in 2009, 2010 and 2011.

Venue Details

AC Hotel By Marriott Kuala Lumpur (Formerly known as Vistana Kuala Lumpur)
9 Jalan Lumut off Jalan Ipoh, Kuala Lumpur 50400,
Phone : 03-4042 8000

Click For Hotel Location

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON
  • Session 1: USING SSM’S SAMPLE FINANCIAL STATEMENT

    • Key information that you need to look for in a financial statement as required under the MBRS templates.
    • Introduction of MBRS
    • Hands on application of filing up the various MBRS templates using the SSM’s sample Financial Statement 
  • Session 2: USING OWN COMPANIES FINANCIAL STATEMENT
    • Hands on application of filing up the various MBRS templates using OWN Companies Latest Financial Statement
INTRODUCTION

Suruhanjaya Syarikat Malaysia (SSM) is implementing a platform based on eXtensible Business Reporting Language (XBRL) format for companies to do its annual submissions (Annual Return and Financial Statements) known as Malaysian Business Reporting System (MBRS).

 

While the filing of Annual Returns, has already made mandatory nationwide together with FS under EPC and Account under Audit Exemption, it will be just a matter of time that all audited FS for companies incorporated in Malaysia and not regulated by Bank Negara will follow suit soon. As a matter of fact, SSM is already encouraging companies to file in their Audited Financial Statement using the MBRS platform for the FYE 30/6/18.

COURSE OBJECTIVES
  1. Understanding the general concept of MBRS and the methods of transferring the Financial Statement’s data and report into the MBRS templates.
  2. Being able to have hands on application in filling up the various MBRS TEMPLATES as required under the MBRS reporting requirements using SSM’s sample Financial Statements and have actual practice on their own companies’ Financial Statements.
  3. Learning how to use the necessary tools in the MBRS template tool box.
  4. Understanding the rules to follow to avoid unnecessary mistakes in completing the templates and correcting the mistakes, if any.
  5. Learning how to generate a review copy of your entries and import the immediate previous year’s data in your immediate next year’s filing.
PROCESS OF FILING WITH SSM

The parties involved in the filing are (a) the Maker and (b) the Lodger who must be the Company Secretary. The roles are, the maker do the filling up of the various MBRS templates, validate it, correction of error, creation of the XBRL zip file and upload it electronically to the lodger for him/her to approve and lodge with SSM. Both the maker and the lodger can be the same or different person.

 

For cost effectiveness and efficiency purposes, the filling of the MBRS template process can be expanded to another party (Preparer), with no direct association to the Maker and Lodger in the MBRS system electronically. They can be companies own Accounting staffs or some other freelance accounting firm personnel.

WHO SHOULD ATTEND
  • Preparers such as:
    - Company Internal Accounting staffs,
    - Freelance Accounting Staff
    - Accounting and Auditing firm staffs who can do the preparation for their clients
  • Makers and Lodgers such as:
    - Company Secretary,
    - Company Secretarial Staffs,
  • Directors, Managers and Executives who wish to develop their understanding on financial statements application to the MBRS templates for eventual filing to SSM.
METHODOLOGY
  • Interactive Lectures, Discussion and Q & A Session
  • Participants’ hands on exercise base on:
    - SSM Sample Financial Statement, and
    - OWN COMPANIES Latest Financial Statement.

As this is a hands-on course, participants are required to bring;

  • A Calculator - may be useful during the exercises
  • Laptop computer with MS Excel and M-Tools loaded (If no M-tools loaded, can download from SSM website on the training day itself).
  • As this course involves your own company’s audited financial statement, please ensure you have a soft copy of that audited statements from the auditors in Words or Excel Format.
DAY 1
9:00

KEY INFORMATION THAT YOU NEED TO LOOK FOR IN A FINANCIAL STATEMENT AS REQUIRED UNDER THE MBRS TEMPLATES.

  • INTRODUCTION OF MBRS
  • The content of the MBRS.
    - Menu and Legend
    - The different templates
    - Tool box
  • Learn how to use the various tools in the box in the course of the filling up the templates:
    - Filling up of Text Block Data
    - Putting foot notes AND learn when footnotes should be inserted
    - Learn how the “auto subtract” function works in the templates and its concept.
    - Using of auto-calculation domain function in the templates
    - Learn the Drag and drop of data into the template.
    - Generating Review copy of the input data
    - Importing of prior year data for future year filing figure comparison purpose
    ~ Using the tool box inside the M-tools
    ~ Using the M-tools itself.
  • Taxonomy relationship between the Financial Statement and MBRS templates
  • Get your excel program ready to accept MBRS templates
  • Filling up the “Filing Information” templates – which is the master input template
  • Important factors/rules to bear in mind in the MBRS templates completion to avoid errors
1:00 Lunch
2:00

HANDS ON APPLICATION OF FILING UP THE VARIOUS MBRS TEMPLATES USING THE SSM’S SAMPLE FINANCIAL STATEMENT

  • Getting Started and filling up of Filing Information (INPUT / MASTER) Templates
  • Total Template Requirement Generation.
  • Filing up of various MBRS Templates for:
    - Scope of Filing
    - Disclosure – Involvement in Stock Exchange
    - Disclosure – Directors report
    - Disclosure – Statement of directors
    - Disclosure – Directors business review
    - Disclosure – Auditors report to members.
    - Statement of financial position
    - Sub-classification of item in the financial position
5:00 End of Day 1
DAY 2
9:00

HANDS ON APPLICATION OF FILING UP THE VARIOUS MBRS TEMPLATES USING THE SSM’S SAMPLE FINANCIAL STATEMENT – CONT.

  • Filing up of various MBRS Templates – cont.
    - Statement of profit and loss
    - Analysis of profit and loss
    - Statement of Comprehensive income
    - Statement of Cash Flows
    - Statement of Change in Equity
    - Various notes template:
    ~ Corporate Information
    ~ Summary of significant accounting policies
    ~ List of notes
    ~ Issued capital
    ~ Related party transactions
    ~ Retained earnings
  • Validation and rectification of errors
  • Generation of the XBRL Zip file for the Maker / Company Secretary to do the filing.
  • Learn how to generate review copy, and
  • Import the immediate previous year’s data for your immediate subsequent year’s filing usage.
1:00 Lunch
2:00

HANDS ON APPLICATION OF FILING UP THE VARIOUS MBRS TEMPLATES USING OWN COMPANIES LATEST FINANCIAL STATEMENT

  • Getting Started and filling up of Filing Information (INPUT / MASTER) Templates
  • Total Template Requirement Generation.
  • Filing up of various MBRS Templates for:
    - Scope of Filing
    - Disclosure – Involvement in Stock Exchange
    - Disclosure – Directors report
    - Disclosure – Statement of directors
    - Disclosure – Directors business review
    - Disclosure – Auditors report to members.
    - Statement of financial position
    - Sub-classification of item in the financial position
    - Statement of profit and loss
    - Analysis of profit and loss
  • Filing up of various MBRS Templates – cont.
    - Statement of Comprehensive income
    - Statement of Cash Flows
    - Statement of Change in Equity
    - Various notes template:
    ~ Corporate Information
    ~ Summary of significant accounting policies
    ~ List of notes
    ~ Issued capital
    ~ Related party transactions
    ~ Retained earnings
  • Validation and rectification of errors
  • Generation of the XBRL Zip file for the Maker / Company Secretary to do the filing.
  • Learn how to generate review copy and import the immediate previous year’s data for your immediate subsequent year’s filing usage.
5:00 End of Course