MFRS 16 Leases deals with accounting for lease contracts. Lease contracts and the assets, liabilities, income and expenses arising from these contracts could be large in size and significant to a company’s financial performance and position. This new accounting standard is expected to significantly change the way firms account for leases. More importantly, it may affect debt covenants of firms with banks and creditors.
This masterclass provides a review of the potential challenges and significant impacts of the transition to and implementation of the Malaysian Accounting Standards Board's new accounting standard for leases, MFRS 16, which took effect from 1 January 2019.
Dr Lau Chee Kwong is an Associate Professor of Accounting and Dean of Nottingham University Business School Malaysia. He has more than 25 years of practical experience in financial accounting and corporate reporting, corporate finance, banking management, financial management, investments, academic administration, lecturing, corporate training and consultation work. He conducts training, lectures, and seminars for in-house corporate clients as well as public courses in IFRS/MFRS/MPERS/MPSAS, sustainability reporting, financial shenanigans, and other related areas. His research papers have been published in journals and presented in national as well as international conferences. He served as a member of the Issues Committee of the Malaysian Accounting Standards Board from 2008 to 2013.
|| Arrival of participants and registration
|| Welcoming Address
- Associate Professor Dr Angelina Yee, Director of Executive Education, Nottingham University Business School Malaysia
|| Presentation on MFRS 16 Leases - Challenges and Impacts
- Associate Professor Dr Lau Chee Kwong, Dean, Nottingham University Business School Malaysia
About the NUBS Malaysia Masterclass Series
Organised by NUBS Malaysia Executive Education, the NUBS Malaysia Masterclass Series provides a platform to connect the university community, alumni and industry partners in engaging sessions with thought leaders on contemporary business ideas and challenges. Our masterclasses typically consist of a 50-minute presentation, followed by a Q&A session and a chance to network with other business professionals and academicians in attendance.
To find out more, please contact Dr Angelina Yee (Director, Executive Education) at Angelina.Yee@nottingham.edu.my.