In-house: | Face to Face:

PREPARING AND PRESENTING FINANCIAL STATEMENTS IN COMPLIANCE WITH RELEVANT ACCOUNTING STANDARDS

16-17 Nov, 2026, Concorde Hotel Kuala Lumpur

Register Now PDF Brochure

IPA Training is Registered with

Learn from the Best

T.THARMASEELAN

Chartered Accountant (M) Fellow Of The Association Of Chartered Certified Accountant (UK)

MBA (Wales) in Marketing

HRDF certified Trainer

Certificate IV in Training and Assessment (AIM)

 

Tharmaseelan C.A (M), F.C.C.A, MIAE has vast experience in the field of Accounting, Taxation, Internal Control Systems and Finance for almost 25 years in an international accounting firm and local consultancy firms.

 

His career spanned across wide working experience and exposure in Accounting, Taxation, implementing Internal Control Systems and Finance in consultancy firms, a leading hotel in Langkawi and in a leading hotel training college. He has also developed Business, Accountancy and IT Programs with various colleges, and these programs are validated by foreign universities and professional Bodies.

 

He was attached to a medium size audit firm as a Senior Audit Assistant before he moved over to an established international tax company where he held the position as a Tax Senior. He then joined an established professional firm as the Tax Manager where he oversaw the computation, submission and resolving tax issues for clients.

 

His tenure with an established Consultancy as a Senior Consultant gave him the opportunity to designed internal control systems & implemented it. He also advised his clients on compliance with accounting standards and tax regulations. His last position prior to going into practice was as the Associate Director of The Business School where he was responsible for restructuring the Business School and identifying suitable courses and obtaining accreditation from various bodies and universities.

 

He is currently in practice offering his expertise and knowledge to corporate and professional clients, locally and worldwide. His specializations are in designing and setting up of Accounting, Taxation, Finance, Internal Control and Operational Systems as well as in performing Operational Audits. His well-esteemed clients include those in the hospitality, education, manufacturing and service-based industries.

 

As a qualified Accountant, he is actively involved in conducting audit and financial courses. His experience brings him to faraway countries such as Vietnam, Brunei, Singapore, Nepal, Uganda and Rwanda to train Accounting and Financial Professionals.

 

He is currently the principal consultant of his own consultancy firm and a director of a growing tax and secretarial firm.

 

He is also a regular training facilitator for

1. Malaysian Institute of Accountants

2. Certified Public Accountants of Australia

Venue Details

Concorde Hotel Kuala Lumpur
2 Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia,

https://kualalumpur.concorde hotelsresorts.com/


Phone : 03 2144 2200

Contact us

FOR COURSE DETAILS

Juliany,

Office: 03 2283 6109

Mobile: +60 122281247

juliany@ipa.com.my

Phoebe,

Office: 03 2283 6100

Mobile: +60 193637822

phoebe@ipa.com.my

Bee Teng,

Office: 03 2282 6112

Mobile: +60 172566121

beeteng@ipa.com.my

FOR CUSTOMISED IN-HOUSE TRAINING

Jane,

Office: 03 2283 6101

Mobile: +60 129418251

jane@ipa.com.my

Keith,

Office: 03 2283 0000

Mobile: +60 162272735

keith@ipa.com.my

ADDRESS

A-28-5, 28th Floor, Menara UOA Bangsar,
No.5, Jalan Bangsar Utama 1,
59000 Kuala Lumpur

FOCUSING ON
  • The Statement of Financial Position
  • The Statement of Profit or Loss and Other Comprehensive Income under MFRS 18 and MPERS Sections
  • Statement of Changes in Equity
  • The Statement of Cash Flows
  • Relevant Sections of MPERS and MFRS requirements
  • Presentation and Disclosure of Financial Statements – MPERS Section 3 / MFRS 18
  • New MFRS 18 categories in the statement of profit or loss: operating, investing, financing, income taxes and discontinued operations
  • New required MFRS 18 subtotals, including operating profit or loss and profit or loss before financing and income taxes
  • Management-defined Performance Measures (MPMs): identification, calculation, reconciliation and disclosure
  • Aggregation and disaggregation principles under MFRS 18
  • Presentation of operating expenses by nature, function or a mixed presentation where appropriate
  • Provisions – MPERS Section 21 / MFRS 137
  • Cash Flow Statement – MPERS Section 7 / MFRS 107
  • Related Party Transactions – MPERS Section 33 / MFRS 124
OVERVIEW
The preparation of financial statements requires compliance with detailed requirements of Financial Reporting Standards and company law. This course explores the requirements of the applicable MFRS/MPERS framework and the Companies Act 2016 to determine appropriate recognition, presentation and disclosure, with particular emphasis on the transition from MFRS 101 to MFRS 18.
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Being better able to prepare and present primary financial statements efficiently and consistently.
  2. Understanding the principal presentation changes arising from MFRS 18.
  3. Understanding how MFRS 18 differs from the former MFRS 101 presentation model.
  4. Being able to identify MPMs used in public communications and determine the related note disclosures.
  5. Understanding the new MFRS 18 profit-or-loss categories and required subtotals.
  6. Applying improved aggregation and disaggregation principles.
  7. Knowing how to present other reports required by statute more efficiently.
  8. Ensuring compliance with relevant MPERS sections and MFRS requirements.
  9. Ensuring legal compliance under the Companies Act 2016.
  10. Understanding the mechanism of the MBRS system and the impact of revised presentation requirements on tagging and validation.
WHO SHOULD ATTEND
  • Corporate Financial Advisors
  • Accountants
  • Finance Managers
  • Account Managers
  • Corporate Planners
  • Company Secretaries
  • Financial Analysts
  • Administration Managers
  • Finance Executives
  • Accounting Executives
  • Financial Reporting and Consolidation Teams
  • Investor Relations Personnel involved in performance measures and public communications
METHODOLOGY
Interactive lectures, explanations, practical exercises, worked MFRS 18 presentation examples, MPM identification and reconciliation exercises, group discussions, case studies and Q&A sessions.
DAY 1
9:00

THE STATEMENT OF FINANCIAL POSITION

  • Assets – classification, valuation and disclosure
  • Liabilities – recognition, classification and disclosure
  • Shares and equity presentation
  • Reserves – creation, classification and disclosure
  • Current and non-current classification principles
  • Presentation and disclosure requirements under MPERS Section 4 and MFRS 18
  • Aggregation and disaggregation of line items under MFRS 18 • Comparative information and consistency of presentation
10.45

THE STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME – MFRS 18

  • Revenue – recognition and impact on financial performance
  • Expenses – recognition, classification and impact on profit and tax
  • Taxes and financing costs
  • Understanding profit and performance measures
  • MFRS 18 classification of income and expenses into operating, investing, financing, income taxes and discontinued operations categories
  • Required subtotal: operating profit or loss
  • Required subtotal: profit or loss before financing and income taxes
  • Presentation of profit or loss before income taxes and profit or loss
  • Presentation of operating expenses by nature, by function or using a mixed presentation when this provides the most useful, structured summary
  • Additional disclosures of specified expenses by nature when operating expenses are presented by function
  • Presentation and disclosure of Other Comprehensive Income
  • Revenue recognition requirements – MPERS Section 23 / MFRS 15
  • Accounting policies and basis of preparation – MPERS Section 10 / MFRS 108 and requirements transferred from MFRS 101 as part of the MFRS 18 consequential amendments
12.00

AGGREGATION AND DISAGGREGATION UNDER MFRS 18

  • Principles for grouping assets, liabilities, equity, income, expenses and cash flows
  • Grouping items with shared characteristics and separating items with dissimilar characteristics
  • Determining whether information belongs in the primary financial statements or in the notes
  • Avoiding obscuring material information through inappropriate aggregation
  • Use of meaningful labels and descriptions for line items and subtotals
  • Interaction with materiality judgements and note disclosures
1:00 Lunch
2:00

STATEMENT OF CHANGES IN EQUITY

  • The presentation and its components
  • Opening and closing balances of each component of equity
  • Profit or loss, OCI and transactions with owners
  • Restatement and retrospective adjustment effects where applicable
  • Requirements of MPERS Section 6 and presentation/disclosure principles under MFRS 18
3:45

THE CASH FLOW STATEMENT

  • Operating activities – what they represent
  • Financing activities and their impact on the business
  • Investing activities and future capacity
  • MPERS Section 7 / MFRS 107 disclosure requirements
  • Interaction of MFRS 18 with MFRS 107, including the use of the MFRS 18 operating profit subtotal as the starting point for the indirect method under the consequential amendments • Classification considerations affected by the MFRS 18 consequential amendments
5:00 End of Day 1
DAY 2
9:00

PROVISIONS

  • What are provisions?
  • When is an item not a provision?
  • How provisions are measured
  • Contingent liabilities and contingent assets and their treatment
  • Requirements of MPERS Section 21 / MFRS 137
  • Provisions that fall outside MPERS Section 21 / MFRS 137
  • Disclosures for provisions
 

PROPERTY, PLANT AND EQUIPMENT

  • Recognition of an asset
  • Measurement at recognition
  • Measurement after recognition
  • Depreciation and component accounting
  • Derecognition
  • Requirements of MPERS Section 17 and MFRS 116
  • Related lease considerations under MPERS Section 20 / MFRS 16
10.45

INTANGIBLE ASSETS

  • Identification of intangible assets
  • Control and future economic benefits
  • Recognition and measurement
  • Recognition of expenditure as an expense
  • Subsequent measurement
  • Requirements of MPERS Section 18 / MFRS 138
12.00

IMPAIRMENT OF ASSETS

  • Identifying an impaired asset
  • Measuring recoverable amount
  • Basis of valuation
  • Recognising and measuring an impairment loss
  • Reversing an impairment loss
  • Requirements of MPERS Section 27 / MFRS 136
1:00 Lunch
2:00

INVESTMENT PROPERTY

  • Measurement at recognition
  • Measurement after recognition
  • Disposal of investment property
  • Requirements of MPERS Section 16 and the applicable MFRS requirements
3:45

TRANSITION FROM MFRS 101 TO MFRS 18

  • Effective date: annual reporting periods beginning on or after 1 January 2027; earlier application permitted
  • Retrospective application and preparation of comparative information
  • Redesigning the statement of profit or loss to accommodate the MFRS 18 categories and required subtotals
  • Inventory of existing alternative performance measures and assessment of which measures meet the MPM definition
  • Preparing MPM reconciliations and related tax/non-controlling-interest information
5:00 End of Course