Want to find out more on mbrs reporting. not sure what should i do. is it mandatory yet?

a platform introduced by SSM that absolutely rubbish. yes it is mandatory this year and accountants can make real money. haha

MBRS Training Calendar
https://formis-training.com/calendar/

implementation dates
https://www.ssm.com.my/Pages/Services/Other...RS%20041118.jpg

https://formis-training.com/

It's already mandatory? O.o

any idea about this? https://exbrl.com.my/

if im not mistaken, MBRS has a few sections. Annual Returns and Financial statements.

they start using the annual return part but has not started with the financial statements yet. (please do not hit me, thats what i guess only )

i went for the MBRS training back in november 2018, they said FS part will start in May2019.. but now already end of may yet theres no news on that.

MRBS is good, good for those that collect big data, analysed data (for example, our friend there named LHDN)... but bad for the Company because they need to incurred cost to key in these data

This post has been edited by klthor: May 28 2019, 12:22 PM

to be honest with you, i doubt accountant can make a lot of money from this. yes, there might be smaller firms that are eye-ing on these.... but how much to charge clients is the question. compare to time needed... i doubt junior staff can key in all these nonsense correctly. especially the cash flow and equity statement where you have tons of funny funny thing. and that MBRS run so freaking 'fast'... really bull crap to me to be honest, when SSM key in they go for extreme summary... when they want company to key in, they want every single little detail.

Already mandatory for certain companies. Most of the companies are not mandatory yet. Some say will be made mandatory during the year.