Transition from PERS to Malaysian Private Entities Reporting Standard ( MPERS ) - Are you ready? 29 & 30 October 2015 Hilton Hotel, Kuching

Transition from PERS to Malaysian Private Entities Reporting Standard ( MPERS ) - Are you ready? 29 & 30 October 2015 Hilton Hotel, Kuching

On 14 February 2014, the Malaysian Accounting Standards Board (MASB) issued the Malaysian Private Entities Reporting Standard (MPERS) to replace the existing Private Entity Reporting Standards (PERS). MPERS is applicable to all private entities for financial statements beginning on or after 1 January 2016. The MPERS is principally based on the International Accounting Standards Board (IASB) s International Financial Reporting Standards (IFRS) for Small and Mediumsized Entities (SMEs) issued in July 2009, except for the requirements on income tax and property development activities. With the issuance of MPERS, private entities have the option to apply the MPERS or the Malaysian Financial Reporting Standards (MFRS) in its entirety. Directors and accountants of private entities should make careful considerations and evaluations of the pros and cons of both options available prior to making the decision of the most appropriate accounting framework to be applied. Programme Day 1 and Day 2 8.30 a.m. Registration* 9.00 a.m. MPERS 10.00 a.m. Tea break 10.30 a.m. MPERS (cont d.) 12.30 p.m. Lunch 1.30 p.m. MPERS (cont d.) 3.30 p.m. Tea break 4.00 p.m. MPERS (cont d.) 5.00 p.m. End *Applicable on Day 1 only To guide and prepare you for the upcoming changes, EY is pleased to present you with a two-day seminar on MPERS. This seminar aims to highlight the differences between PERS and MPERS, and to provide application guidelines on how to transit from PERS to MPERS. Extensive examples and implementation guidance will be used throughout the seminar.

Course outline Section 1 Private entities 3 Financial statement presentation 4 Statement of financial position 5 Statement of comprehensive income and income statement 6 Statement of changes in equity and statement of income and retained earnings 7 Statement of cash flows 8 Notes to the financial statements 9 Consolidated and separate financial statements 10 Accounting policies, estimates and errors 11 Basic financial instruments 12 Other financial instruments issues 13 Inventories 14 Investments in associates 15 Investments in joint ventures 16 Investment property 17 Property, plant and equipment 18 Intangible assets other than goodwill 19 Business combinations and goodwill 20 Leases 21 Provisions and contingencies 22 Liabilities and equity 23 Revenue 24 Government grants 25 Borrowing costs 27 Impairment of assets 29 Income tax 30 Foreign currency translation 32 Events after the end of the reporting period 33 Related party disclosures 34 Specialised activities 35 Transition to the MPERS

Speakers Stephen Oong Partner EY Malaysia Member of MIA, MICPA, ACCA and CPA Australia Stephen Oong, a Partner in the Professional Practice Department of EY Malaysia, is very actively involved in the consultation and research of issues relating to MFRS and IFRS. In addition, he regularly conducts training and seminars for clients and external parties, as well as internal training on financial accounting and reporting standards. Stephen is also actively involved in financial reporting and accounting standards activities in Malaysia. He is a member of MIA s Financial Statements Review Committee; MIA s Financial Reporting Standards Implementation Committee; MICPA s Technical Reference Panel and MICPA s Accounting & Auditing Technical Committee; a member of MASB s Issues Committee; and a Working Group member on several of MASB s accounting standards. Yeah Seok Luan Executive Director EY Malaysia Member of MIA and ACCA Yeah Seok Luan, an Executive Director in the Professional Practice Department of EY Malaysia, is responsible for providing advice on significant accounting and auditing issues. She also conducts regular IFRS/MFRS and audit training. Seok Luan is a fellow member of the ACCA. She is a member of MIA s Financial Reporting Standards Implementation Committee and a Working Group member on MASB s accounting standards. She has more than 15 years of audit experience in providing various types of assurance services to public interest entities and multi-nationals in Malaysia, with principal activities relating to the service concession, real estate, construction and manufacturing industries. Ong Tze-Ming Senior Manager EY Malaysia Member of MIA and CPA Australia Ong Tze-Ming, a Senior Manager in the Professional Practice Department of EY Malaysia, is responsible for providing advice on accounting and auditing-related issues and the preparation and issuance of illustrative financial statements. She also conducts regular internal and external IFRS/MFRS training as well as audit-related training. Tze-Ming is a member of MIA and CPA Australia. She has more than 15 years of audit experience in providing assurance services to clients of various industries including real estate and construction, manufacturing, services and trading. Among her other relevant experiences are her involvement in cross-border capital market transactions; due diligence engagements; corporate restructuring; and review of profit and cash flow forecast and projections. MASB MIA CPA ACCA MICPA : Malaysian Accounting Standards Board : Malaysian Institute of Accountants : Certified Practising Accountants : Association of Chartered Certified Accountants : Malaysian Institute of Certified Public Accountants

Seminar registration form MPERS 29 & 30 October 2015 Company: Contact person: Company address: Tel: Fax: Email: Cheque no: Amount: No Name as per I.C. (To be printed on the certificate of attendance) Designation Tick if vegetarian Fee and payment RM 1,188 per person (inclusive of 6% GST). Fee is inclusive of seminar materials, light refreshments and meals. 10% discount on the fee for registration of 3 or more persons under the same company or group of companies. Payment of the registration fee will be due on the issuance of the GST Tax Invoice. Cheques should be made payable to ERNST & YOUNG on or before Thursday, 15 October 2015. Please indicate the company s name on the reverse side of the cheques. An official receipt will be issued upon payment. A certificate of attendance will be issued for 16 CPE hours. You may use that to claim your CPE credit hours. Kindly return the completed registration form to us via mail, fax or e-mail by Thursday, 15 October 2015. Please note that a GST Tax Invoice will be issued upon receipt of completed registration form. Mail: Ernst & Young Email: irene.foo@my.ey.com 3 rd Floor, Wisma Bukit Mata Kuching Jalan Tunku Abdul Rahman Fax: 6082 421287 / 411287 93100 Kuching (Irene Foo) Attn: Irene Foo Tel: 6082 243233 ext. 119 (Irene Foo) Cancellation A replacement delegate is welcomed at no extra charge if registered delegate is unable to attend. No refunds will be given for cancellations made after Thursday, 15 October 2015. Registered delegates who fail to attend (and did not cancel their registration) will be liable for the entire course fee. The organizer reserves the right to make changes to the venue, date and/or speakers, including cancellation of the course, if warranted by circumstances beyond the organizer s control. You are deemed to have read and understood the terms and conditions upon submitting the registration form.

EY I Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. 2015 Ernst & Young All Rights Reserved. APAC no. 07000424 ED None This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.