Whether you are setting up a new business, expanding into new territories, streamlining your finance functions or coming off a recent corporate transaction, your accounting obligations may mean a greater need for accounting support. With organisations facing ever growing volumes of data, combined with the complex requirements of regulatory authorities and the applicable accounting standards, efficiency and the ability to manage complexity is critical.
How can PwC assist?
At PwC, we understand that having an effective and efficient accounting function is the backbone of any successful business. We are equipped with the knowledge and tools to help you meet your accounting obligations, address critical resourcing needs, identify the right strategies to manage costs, enhance your efficiency and build trust in a volatile landscape.
Through our wide range of services, we are committed to give you the value and insights you are looking for, whether you are a startup, a small or medium-sized business, or a multinational corporation.
Our solutions can be tailored to meet the unique challenges of your industry. Our experienced teams ensure your financial operations run smoothly and efficiently, helping you achieve financial transparency and operational success.
Our services
Setting up an accounting database using our cloud based accounting system
Customisation of chart of accounts and workflow systems to suit your day-to-day business operations
Preparation of management financial reports and analysis reports
Preparation and submission of sales and service tax (SST) returns
Liaison with tax agents and auditors to provide information on management accounts and audited accounts
Consolidation of group accounts
Tax accounting for annual statutory financial reporting or for internal group reporting
- Financial statements preparation
- Outsourcing of eXtensible Business Reporting Language (XBRL) tagging services for financial statements
- MBRS training for preparers - Financial statements (2-day training)
Financial statements preparation
Preparation of annual statutory financial statements in accordance with the Malaysian Financial Reporting Standards (MFRS) or Malaysian Private Entities Reporting Standards (MPERS)
Preparation of interim condensed financial statements for listed companies to meet Bursa Malaysia’s listing requirements
Liaison with external auditors for the statutory audit of financial statements
Outsourcing of eXtensible Business Reporting Language (XBRL) tagging services for financial statements
Tagging your financial statement in the Malaysian Business Reporting System (MBRS) platform
Conversion to the XBRL format involves tagging each line item in a set of financial statements to a standard list of XBRL labels called a ‘taxonomy’.
The SSM ‘taxonomy’ has been created to reflect the reporting and disclosure requirements of the Malaysian Financial Reporting Standards (MFRS), the Malaysian Private Entity Reporting Standards (MPERS) and the Companies Act 2016.
(1) The soft copy of the unaudited and audited financial statements will be provided to PwC
to initiate the XBRL tagging service.
(2) Each line in the set of financial statements will be tagged according to the MBRS
template’s requirements. The XBRL file will be generated by PwC.
(3) The XBRL file will be reviewed and approved by the client, and then lodged into the MBRS Portal by the Company Secretary.
MBRS training for preparers - Financial statements (2-day training)
About the training
Our 2-day training aims to cover the following:
Overview of XBRL and MBRS
SSM Taxonomy (SSMxT) and its use
MBRS filing requirements
Exemptions Application (EA) Taxonomy
Creating XBRL documents and filling up the scoping questions
How to fill FS and KFI documents for submission
Validation and rectification of errors
Generation and submission of an XBRL file to SSM
Functions and features of MBRS preparation tools
Hands-on training on using the mTool with sample financial statements
We adopt an experiential learning and interactive approach in our training, supported by presentation slides, hands-on training and practical sharing by our experienced facilitators.
A total of 16 CPE/CPD hours will be awarded following the 2-day training.
Who should attend
Preparers of financial statements and anyone who is involved in the lodgment of Annual Returns, Financial Statements and Reports are recommended to attend this training.
To apply for the SBL scheme, you must submit the completed form PSMB/ PGL/1/09, together with the detailed programme agenda and speaker’s profile which we will provide to you upon request. Companies that contribute to the Human Resource Development Fund (HRDF) are entitled to obtain a training grant from the Human Resource Development Corporation (HRDC) under the Skim Bantuan Latihan (SBL). Application is subject to HRDC’s approval.
Managing payments to vendors, staff-related claims and local authorities
Access to set up a PwC Trust Account for payments or the flexibility to utilise the company’s corporate bank account
Preparation of bank reconciliation on a monthly basis
Assistance with unforeseen and/or urgent requirements for financial and accounting support
Provision of contingent manpower to bridge the company’s temporary resources gap
Assisting with document processes and controls
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