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Registration Form Fax your reply to 03 2026 7003 WORKSHOP DETAILS Managing Assets under MFRS Date : 18 June 2012 Time : 9.00am 5.00pm Venue : Concorde Hotel, Kuala Lumpur FEE** Early Bird (by 18 May

FOR ALL THE WORKSHOPS This information is subject to change without notice in compliance with the provisions in the Companies (Penalties to be applied at the time of disposal of a company's property) Ordinance 2010. In the event of receipt of a notice of breach, a company must notify creditors, creditors' rights organizations, the court and the competent authorities in accordance with the relevant provisions of the Companies Ordinance 2010. Further, in the event of a payment to a creditor or to any organization under the Companies Ordinance 2010, the parties are required to give any required notifications.

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What is managing assets under mfrs?

Managing assets under mfrs refers to the process of overseeing and controlling an organization's assets in accordance with the Malaysian Financial Reporting Standards (MFRS). This includes managing the acquisition, utilization, maintenance, and disposal of assets to ensure optimal financial performance and compliance with accounting regulations.

Who is required to file managing assets under mfrs?

All entities in Malaysia that are required to comply with MFRS are responsible for filing managing assets under MFRS. This includes corporations, partnerships, sole proprietors, and other forms of business entities.

How to fill out managing assets under mfrs?

To fill out managing assets under MFRS, organizations need to gather relevant financial information and follow the guidelines provided by the Malaysian Accounting Standards Board. This involves recording and classifying assets, calculating depreciation or amortization, and preparing financial statements that reflect the organization's asset management activities.

What is the purpose of managing assets under mfrs?

The purpose of managing assets under MFRS is to ensure accurate and transparent financial reporting, enhance decision-making processes, and maintain compliance with accounting regulations. Effective asset management also helps organizations maximize the value of their assets, optimize resource allocation, and mitigate operational and financial risks.

What information must be reported on managing assets under mfrs?

The information that must be reported on managing assets under MFRS includes details of the organization's assets, such as their classification, valuation, useful life, and depreciation or amortization methods. Additionally, any impairments or disposals of assets during the reporting period should also be disclosed.

When is the deadline to file managing assets under mfrs in 2023?

The specific deadline for filing managing assets under MFRS in 2023 has not been provided. Entities are advised to refer to the guidelines and regulations issued by the Malaysian Accounting Standards Board or consult with their financial advisors or auditors for the exact deadline.

What is the penalty for the late filing of managing assets under mfrs?

The penalty for the late filing of managing assets under MFRS may vary depending on the specific circumstances and regulations in place. It is advisable for entities to refer to the guidelines issued by the regulatory authorities or seek professional advice to understand the potential penalties and consequences of late filing.

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