Do you comply to standard accounting report?

Published at: 2016-06-29 14:12
Last updated: 2016-06-29 16:49
post view count: 686

1.   Do you comply to SAGA requirements?
SAGA is “STANDARD ACCOUNTING SYSTEM FOR GOVERNMENT AGENCIES” . in Malaysia. It is the framework for agencies to  implement their accounting system. The agency must comply with the SAGA functional and technical requirements. As a vendor we will work with the customer to implement the SAGA compliant system. The agency will submit to the SAGA committee for the SAGA compliance certificate. The agency will get the certification, not the vendor or the product.
You can select SAGA chart of Account in OfficeCentral to get started fast with the system.
2.   Do you comply to MPERS requirements?
MPERS is Malaysian Private Entities Reporting Standard (MPERS) and this sets a new milestone for financial reporting of private entities in Malaysia. MPERS is based substantially on the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) issued by the IASB in July 2009. The new reporting framework, known as the MPERS Framework, is effective for financial statements beginning on or after 1 January 2016.
You can choose MPERS Chart of Account in OfficeCentral to start the implementation of MPERS. The MPERS is a standard that requires accountants/companies to comply with the various rules and definitions.  The OfficeCentral system will provide you with the various reporting formats required by MPERS.
3.   Do you comply to FRS requirements?
On 19 November 2011, the Malaysian Accounting Standards Board (MASB) issued a new accounting framework, the Malaysian Financial Reporting Standards (MFRS).
The framework is IFRS-compliant and comprises standards issued by the IASB. It is to be applied by all entities, other than private entities.
You can choose MFRS chart of account to start with the MFRS implementation. All the reports required by MFRS are provided in OfficeCentral.


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