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This course is currently only available in Malaysia.
Overview
HRD Corp Claimable Course (T&C applies*)
Download flyer and registration form
Webinar sessions:
Session 1: 9:00am - 12:00pm;
Session 2: 2:00pm - 5:00pm.
Accounting and e-invoicing are vital in Malaysia to ensure regulatory compliance with the Inland Revenue Board of Malaysia (IRBM) enhance digital economic growth, and improve operational efficiency. Mandatory e-invoicing reduces manual errors, accelerates payment cycles, and provides real-time transaction data to the government to reduce tax evasion.
Key topics covered:
Introduction to Accounting Framework in Malaysia
- Understand the accounting regulatory framework in Malaysia
- Recognise key financial reporting standards applicable to Malaysian entities
- Understand the role of accounting in financial management and compliance
Fundamentals of financial statements
- Structure of financial statements
- Statement of financial position
- Statement of profit or loss
- Statement of cash flows
- Key accounting concepts: accrual basis, matching principle, materiality
- Linking accounting records to financial statements
Introduction to eInvoicing in Malaysia
- Overview of eInvoicing initiative by the Inland Revenue Board of Malaysia (IRBM)
- Continuous Transaction Control (CTC) model
- Objectives of eInvoicing
- Benefits for businesses and tax authorities
- Types of eInvoices: invoices, credit notes, debit notes, refund notes
- Overview of MyInvois system
eInvoicing Implementation Framework
- Phased implementation timeline in Malaysia
- Thresholds based on annual turnover
- Key components of an eInvoice
- Unique Identification Number (UUID)
- QR code verification
- Data fields required in eInvoices
- Submission methods: MyInvois portal and API integration
