The Malaysian Institute of Accountants (MIA) is pleased to announce the release of its inaugural e-book as part of its Digital Technology Blueprint implementation plan. In its commitment to continuous self-learning and professional development via digital platforms, the Interactive e-Book of the MIA Illustrative MPERS Financial Statements, with Commentaries and Guidance Notes (MPERS Interactive e-Book) is now launched. MPERS refers to the Malaysian Private Entities Reporting Standard.
“This e-book is part of MIA’s ongoing advocacy to develop the technical and digital competencies of the profession, and to digitalise the profession to ensure its future relevance,” said MIA CEO Dr. Nurmazilah Dato’ Mahzan at the virtual launch of the e-book recently.
The e-book is a digitalised and augmented version of the MIA Illustrative MPERS Financial Statements, with Commentaries and Guidance Notes, written by renowned accountancy expert, educator and author Professor Mr Tan Liong Tong. The original print version was published in 2018 and has been very well received in the market as well as by the accountancy profession.
The e-book is portable and easily accessible as it is available on Windows, Android and iOS and can be accessed from laptops, smartphones and tablets, compared to the physical book that was published in 2018 in an A4 size with over 300 pages. This greatly enhances usability and enables learning anywhere, anytime. To improve the learning experience, the e-book has interactive features such as informative videos, audio commentaries and quizzes that will engage the reader’s attention actively and enhance the reader’s understanding. This e-book is made available as part of MIA’s new e-Library which was launched in July 2020.
“The e-book will be especially relevant in the light of the uncertainty caused by the COVID-19 pandemic which affects every business, including SMEs,” emphasised Dr. Nurmazilah. COVID-19 has accounting implications for SMEs that are reporting using MPERS, which include, among others, impairment of assets, going concern assessment as well as subsequent events. “This e-book will be very helpful in guiding both preparers and auditors to understand and accordingly address the impact of these issues on the MPERS financial statements, especially when many entities are reaching their financial year end,” she added.
In addition to the original content by Prof. Tan, the e-book features the collaborative efforts of MIA’s stakeholders, subject matter experts and internal talent, including Tan Khoon Yeow, Partner, Learning & Development, BDO and Danny Tan, MIA Trainer and Project Manager with MASB on Financial Reporting by Small and Medium Entities.