Suruhanjaya Syarikat Malaysia (SSM) is implementing a platform based on extensible Business Reporting Language (XBRL) format for companies to do its annual submissions (Annual Return and Financial Statements) known as Malaysian Business Reporting System (MBRS). 

It is already compulsory for all companies to file in their Financial Statement through the MBRS platform.

Hence, this training workshop is to enable participants to gain a basic understanding of the latest Malaysian Business Reporting System (MBRS) Preparation Tool (mTool), used in the filing of financial statements (FS) for submission to the Companies Commission of Malaysia (SSM).

PROCESS OF FILING WITH SSM

The parties involved in the filing are (a) the Maker and (b) the Lodger who must be the Company Secretary.  The roles are, the maker do the filling up of the various MBRS templates, validate it, correction of error, creation of the XBRL zip file and upload it electronically to the lodger for him/her to approve and lodge with SSM. Both the maker and the lodger can be the same or different person.

For cost effectiveness and efficiency purposes, the filing of the MBRS template process can be expanded to another party (Preparer), with no direct association to the Maker and Lodger in the MBRS system electronically. They can be companies own accounting staffs or some other freelance accounting firm personnel.