MFRS / IFRS e-learning series

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PwC’s MFRS e-learnings are the perfect solution for conveniently meeting your training requirements and getting a comprehensive overview of the different MFRS / IFRS standards.
Why choose PwC’s MFRS e-learning courses?
  • Fast, easy and flexible access from the comfort of your home

  • Interactive and focused educational materials suitable for both individuals and corporates

  • Developed by experts with extensive experience

  • Various examples and case studies that enable you to put your knowledge to use in real-life situations

  • Can be revisited multiple times during the access period

Checkout our latest available MFRS / IFRS e-learning courses

Covid-19 Related Financial Reporting Issues

The COVID-19 outbreak has developed rapidly in 2020. Measures taken to respond to and contain COVID-19 have significantly affected economic activity, which in turn has implications for financial reporting. 

This course provides important highlights about recognition and measurement as well as presentation and disclosure issues as a result of COVID-19, which include:

  • adjustments to the measurement of assets and liabilities;

  • more challenging going concern assessments; and

  • additional disclosures of the financial effects of COVID-19 

The e-learning course will answer the following questions:
  • Can we apply the same procedures when as a result of COVID-19 there are lockdowns, social distancing, lower economic activity, economic downturn, government relief programmes, etc.? 

  • Which accounting standards should we focus on? 

  • What are the financial reporting implications of COVID-19 or any crisis situation?

  

2.5 hours

 

Language: English

 

Credits: 2.5 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 101 Presentation of Financial Statements

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standard (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

Upon completion, you will be able to:
  • Identify main features of the Conceptual Framework and the MFRS standards and decide which will prevail in case they are in conflict with each other

  • Identify elements of financial statements and recognition and measurement criteria of those elements

  • Distinguish main accounting considerations and define which are applicable to the primary statements

  

45 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 102 Inventories

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Identify items to be included in the cost of inventory

  • Apply the definition of overheads

  • Identify rules for recognition and derecognition of inventories

  • Define measurement rules

  • Distinguish different methods of inventory valuation

  • Calculate net realisable value

  • Calculate the provision against inventories and reversal of provision

  

45 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 107 Statement of Cash Flows

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Identify cash equivalents and non-cash items

  • Distinguish the two approaches (direct and indirect) to produce cash flows from operations

  • Classify transactions into the main categories of cash flows

  • Identify basic steps of preparing statements of cash flows based on the MFRS 107 standard

  

45 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 108 - Accounting Policies, Changes in Accounting Estimates and Errors

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Identify situations where accounting estimates are used

  • Distinguish changes in accounting policies from changes in accounting estimates

  • Identify situations where prospective and retrospective application is the correct approach

  • Define proper accounting treatment in both models

  

50 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 110 - Events after the Reporting Period

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Define whether an event is in the scope of MFRS 110 and can be considered an event after the reporting period

  • Distinguish adjusting and non-adjusting events

  • Identify proper accounting treatment or disclosure in both cases

  

40 minutes 

 

Language: English

 

Credits: 0.5 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 112 Income Taxes

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Identify situations when there is a need to account for deferred taxes

  • Calculate the amount of deferred taxes

  • Define whether a deferred tax asset or a deferred tax liability arose

  • Recognise effect of under or overestimation of current tax balance in previous years

  • Define correct journals for current and future income taxes

  

45 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 116 Property, Plant and Equipment

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Identify the type of costs which should be included in the value of property, plant and equipment at the time of recognition

  • Identify criteria for the application of component-based approach and proper accounting treatment under the component-based approach

  • Account for depreciation and identify correct accounting journals for a disposal of PPE

  

45 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 123 Borrowing Costs

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Identify qualifying assets

  • Define borrowing costs to be capitalised

  • Define recognition principles of borrowing costs

  • Calculate amount to capitalise

  

50 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 127 Separate Financial Statements

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:

  • Define separate financial statements and underlying principle of MFRS 127

  • Define accounting methods for investments in the separate financial statements

  • Specify derecognition rules on investments

  • Identify disclosure requirements

  

50 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 136 Impairment of Assets

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Identify the situation when to apply MFRS 136 standard

  • Identify the situation when to perform an impairment test

  • Make a distinction between triggering event review and an impairment test

  • Identify indicators of impairment

  • Define recoverable amount and value in use and identify a cash-generating unit

  

45 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 137 Provisions, Contingent Liabilities and Contingent Assets

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Define key characteristics of provisions, contingent liabilities and contingent assets
  • Distinguish contingent liabilities from liabilities and provisions under MFRS 137
  • Apply the definition of “probable”
  • Identify recognition criteria for provisions
  • Define accounting treatment of provisions, contingent liabilities and contingent assets
  • Identify specific type of provisions and specify disclosure requirements under MFRS 137

  

45 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 138 Intangible Assets

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Define which assets are under the scope of the standard

  • Apply the definition of intangible assets

  • Distinguish different types of intangibles

  • Identify measurement models and define criteria for impairment

  

45 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 9 Financial Instruments for Corporates

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Indicate that an instrument is in the scope of the standard

  • Classify an instrument as debt or equity instrument

  • Recognise business model of an instrument

  • Decide whether an instrument meets SPPI test

  • Explain recognition and measurement of an instrument based on classification

  • Calculate expected credit loss

  

45 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 10 Consolidated Financial Statements

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Identify the purpose and criteria of consolidation

  • Apply the definition of control, goodwill, gain of bargain purchase and subsidiary

  • Calculate non-controlling interest

  • Perform the basic steps of preparing a consolidated financial statement

  

45 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 13 - Fair Value Measurement

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Define underlying principles of MFRS 13

  • Define fair values for assets and liabilities

  • Identify different valuation techniques

  • Determine the preferred method according to MFRS

  

50 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 15 Revenue from Contracts with Customers

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Decide if the item of income is in the scope of the standard

  • Identify the contract with the customer

  • Identify the performance obligations in the contract

  • Allocate the transaction price

  • Define the revenue recognition pattern

  

50 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

MFRS 16 Leases

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

Upon completion, you will be able to:
  • Identify features of a contract which indicate that the contract contains a lease

  • Decide whether a substitution right is substantive

  • Recognise suppliers’ protective rights

  • Allocate transaction price when separating components of a contract

  • Recognise variable payments in a contract

  • Identify criteria for exemptions

  

50 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

Financial Instruments - Related MFRSs for Banks

PwC's MFRS e-learning course is the perfect solution for getting an overview of a given Malaysian Financial Reporting Standards (MFRS) issued by Malaysian Accounting Standards Board (MASB) which is fully converged with International Financial Reporting Standard (IFRS). Our e-learning course helps you to easily and conveniently meet your professional development training requirements while gaining verifiable Continuing Professional Education (CPE) hours.

The contents of this course is designed by our experts according to the MFRS Framework. We have included practical scenarios and quizzes to build your understanding.

This e-learning course will cover:
  • The introduction to financial instruments

  • The classification and measurement

  • The impairment requirements

  • The derecognition criteria of financial instruments according to MFRS 9

  • The debt vs equity classification according to MFRS 132.

  

70 minutes 

 

Language: English

 

Credits: 1 hour  | CPE/CPD

 

Click here for the prices

Register here

 

Siew Kar Wai

Assurance Partner, Kuala Lumpur, PwC Malaysia

+60 (3) 2173 0740

Email

Sukhsharan Kaur

Senior Manager, Kuala Lumpur, PwC Malaysia

+60 (3) 2173 1081

Email

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