SME/SMI Subsidy Funding - Malaysian Institute of Accountants

GUIDELINES
SME/SMI Subsidy Funding
by SMIDEC
The Malaysian Institute of Accountants (MIA) has made available to members
the SME/SMI Subsidy Funding by SMIDEC to facilitate in the development of human
capital for the progress of your business and financial management.
Small and Medium Industries
Development Corporation (SMIDEC)
SMIDEC was established on 2 May 1996
to serve the national focal point for overall
development of Small & Medium Industries/Enterprises (SMI/SMEs) in Malaysia. The promotion and development of
SMI/SMEs is to create resilient and effective SMI/SMEs to compete in a liberalised
market environment, capable of producing
high value-added parts, components and
finished products and services.
• Latest Annual Return if a member firm
of MIA.
• Latest EPF (KWSP) Employee contribution statement.
• Latest Bank Statement.
• Manufacturing License or local Government License (if applicable).
• Business/Premise License (if applicable).
c) For two-day to pre approved courses
please refer Attachment 1.
Guidelines to SME Skills
Enhancement Programme
1 Who qualifies as a SMI/SME
i. Company/enterprise in the manufacturing (including agricultural based)
and services related to manufacturing
Flowchart for SMIDEC Grant Subsidy Programme (80% of course fee) as per
LAMPIRAN 2.
Application Procedure for Training
Subsidy
MIA processes and confirm with the following prerequisite documents:
Eighty per cent subsidy of SMIDEC
pre-approved MIA courses fee
a) Lampiran 2 Form (kindly see page 2)
to be completed, company/enterprise
stamp and signed by the owner/s or director/s of the company with certified
copy:
䡲 COMPANY
• Company M&A and or latest company
Annual Return.
• Company ROC Form 9, 11, 24 and
Form 49.
• Latest EPF (KWSP) Employee contribution statement.
• Latest Audited Accounts.
• Manufacturing License OR Local Government License (if applicable).
• Business/Premise License (if applicable).
䡲 ENTERPRISE
• Certificate of Registration or the latest
renewed Certificate.
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b) Registration Form of course duly completed and signed by owner/s and or
director/s of company and company/
enterprise stamped and courier to Malaysian Institute of Accountants, Dewan
Akauntan, 2 Jalan Tun Sambanthan 3,
Brickfields, 50470 Kuala Lumpur or
email to [email protected]. Contacts:
Maria (03-2279 9333), Shamini (03-2279
9331), Yoges (03-2279 9332).
with sales value below RM25millon per
annum or total number of full time staff
less than 150 people; and
ii. Company/enterprise in the service industry (includes ICT) with sales value
below RM5million per annum or total
number of full time staff less than 50
people.
2 This programme is only to pay the
training fees of full time Malaysian staff
ACCOUNTANTS TODAY • September 2008
SME/SMI Subsidy Funding by SMIDEC
and not for foreign workers even if the
company/enterprise is registered under the Companies Act 1965 or the
“Business Ordinance 1956”. Contract
staff must have a minimum contract of
at least a year and should have been
working for more than 20 working days
in that company/enterprise. The company/enterprise must attach a certified
true copy of the contract as a supporting document
3 MIA member firms and only company/
enterprise registered under the Companies Act 1965 (private limited) or
under the “Business Ordinance 1956”
and has a majority of 60 per cent and
or above Malaysian shareholders/Malaysian owned are qualified to receive
the grant.
4 SME must be conducting manufacturing activities (includes agricultural
based) or services related to manufacturing. Meanwhile for services activities, an SME must be involved in trade
allocation activities, ICT and professional management services such as accounting, legal and engineering (refer
to Lampiran 1 at www.smidec.gov.my).
5 A big company except a public-listed
company qualifies for training scheme
under the “Guidelines to SME Skills
Enhancement Programme”.
6 SME under the manufacturing industr y must have the Local Government
License and Manufacturing License.
Whereas SME in the ser vice industr y must have a Business License or
an authorisation letter of exemption
from the Local Authorities as proof
that the company is doing a legal business or ser vice. For MIA member
firms’ the latest Annual Return will be
required.
The training centre must ensure that
SMEs that meet the definition of SMEs and
produce a complete set of supporting documents will receive the grant. For this reason, a verification form which is provided
by SMIDEC must be filled up by the SME
before the SME attends the training. The
verification form is as per Lampiran 2 (available at www.smidec.gov.my). AT
September 2008 • ACCOUNTANTS TODAY
SENARAI KURSUS YANG DILULUSKAN OLEH SMIDEC DI BAWAH
INSTITUT AKAUNTAN MALAYSIA (MIA)
NO
COURSES
Duration
(hours)
1
Accounting for Assets
16
2
Achieving Your Collection Target
16
3
Advanced Corporate Tax Planning
16
4
Advanced Issues in Preparation of Group Financial Statements
16
5
Better Grammar for Business Writing
16
6
Consolidated Financial Statements (FRS 127 & FRS 3)
16
7
Corporate Frauds — Law & Controls
16
8
Corporate Profitability Through Effective Costing Techniques
and Practices
16
9
Cost Reduction Through Kaizen
16
10
Cross Border Transactions and Withholding Tax
16
11
Debt Recovery: An Understanding of Litigation, Enforcement
and Winding Up Procedures
16
12
Deferred Taxation
16
13
Effective Corporate Structure for Dealing with Foreign Investment
Rules, Taxation and Exchange Control Issues
16
Enhancing Corporate Profitability Through Effective Costing
Techniques and Practices
16
15
Enterprise Wide Risk Management Practice Today
16
16
Exchange Control Notices of Malaysia
16
17
Financial Reporting Standards in Malaysia
16
18
Finance for Non-Finance Managers and Executives
16
19
Financial Evaluation of Investment Projects and Structuring
International Joint Ventures
16
20
Financial Instruments (FRS 132 & 139)
16
21
Financial Reporting Standards in Malaysia — Salient Features
16
22
High Performance Supply Chain and Distributions Operations
16
23
Implementing Business Plan Strategies
16
24
Improving Budgeting Process
16
25
Introduction to Financial Reporting Standards in Malaysia
16
26
Introduction to Technical Requirements of FRS 139 : Recognition
and Measurements
16
27
Inventory Control & Stock Take Workshop for Finance Managers
16
28
Loan Syndication: Get Ready for Banks to Finance
Construction Projects
16
29
Managing ERP or IT Projects
16
30
Managing Strategic Corporate Planning
16
14
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