Malaysian Financial Reporting Standard MFRS Training

The HRDF HRD Corp Claimable Malaysian Financial Reporting Standard MFRS Training is designed to teach participants about the Accounting Standards that fall under MFRS and how those standards can affect their personal financial statements.

Throughout the course, you will have a deeper grasp of the core principles and requirements of the MFRS, as well as how to apply those to your organization’s financial reporting processes.

If you attend the programme, you will gain insight into the most recent updates to MFRS, as well as learn how to prepare financial statements that are accurate and comply with MFRS rules. Because of the workshop’s practical component, you will be able to apply the knowledge gained to the specific accounting requirements of your organisation.

Learning Outcomes:

• Understand the basic accounting under the MFRS
• Understand MFRS 9, MFRS 2, MFRS 16, MFRS 116, MFRS 136 & MFRS 15
• identify the changes on the MFRS
• Describe the effect of the standard on financial statements
• identify how MFRS affects the preparation of budget and forecast

Modules:

• Module 1: MFRS 9 Financial Instrument
• The learn and understand MFRS 9
• Understand the concept of MFRS 9
• Learn the recognition of MFRS 9
• Understand the impact of MFRS 9 on the financial position and profit and loss
• Accounting Entry of MFRS 9
• Module 2: MFRS 2 Share Base Payment
• The learn and understand MFRS 2
• Understand the concept of MFRS 2
• Learn the recognition of MFRS 2
• Understand the impact of MFRS 2 on the financial position and profit and loss
• Accounting Entry of MFRS 2
• Understand the calculation of share based payment
• Module 3: MFRS 16 Leases
• The learn and understand MFRS 16
• Understand the concept of MFRS 16
• Learn the recognition of MFRS 16
• Understand the impact of MFRS 16 on the financial position and profit and loss
• Accounting Entry of MFRS 16
• How the changes of MFRS 16 affect the financial performance
• Module 4: MFRS 116 Property, Plant & Equipment
• The learn and understand MFRS 116
• Understand the concept of MFRS 116
• Learn the recognition of MFRS 116
• Understand the impact of MFRS 116 on the financial position and profit and loss
• Accounting Entry of MFRS 116
• Understand the calculation of depreciation
• Understand the calculation on gain or loss in disposal of fixed asset
• Module 5: MFRS 136 Impairment of Assets
• The learn and understand MFRS 136
• Understand the concept of MFRS 136
• Learn the recognition of MFRS 136
• Understand the impact of MFRS 136 on the financial position and profit and loss
• Accounting Entry of MFRS 136
• Understand the calculation on impairment of Assets
• Understand the basis of impairment of Assets
• Module 6: MFRS 15 Revenue from Contracts with Customers
• The learn and understand MFRS 15
• Understand the concept of MFRS 15
• Learn the recognition of MFRS 15
• Understand the impact of MFRS 15 on the financial position and profit and loss
• Accounting Entry of MFRS 15
• Learn the changes in MFRS 15