Friday, October 21, 2011

FRS for Public Universities

The Accounting Research Institute has been appointed as consultant and trainer by the Bursary Secretariat of public universities to train staff on Financial Reporting Standards (FRS).
Effective 1st January 2012, all public universities will start using the FRS for their financial reports. The convergence from cash to accrual basis is part of the government trasformation plan in driving efficiency and productivity in the public sector. Today, ARI director, Prof Dr Normah Omar and ARI's Head of the Financial Reporting Research Centre (FRRC)Associate Professor Dr Roshayani Arshad made a presentation to the secretariat on the proposed FRS training module which has been scheduled to be held in December 2011.

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