[Online, NEW] Maintaining A Full Set of Accounts, Withholding & Corporate Taxes
Course Information
  • 05-Sep-2022
  • Online
  • Dr. Steven Liew
  • English
  • RM 1350 RM 1230
    Until 17 Aug 2022
  • 9:00am - 5:00pm

The primary goal of this workshop is to help professionals who have little or no knowledge in finance and accounting in developing sound financial knowledge to read and understand financial reports. Participants are required to prepare a full set of accounts i.e. preparation of journals, posting to ledger, preparation of trial balance, prepare month-end adjustments, prepare income statement and balance sheet. Real-current accounting cases will be analyzed, and scenario solutions will be discussed in the workshop.

 

[02] OBJECTIVES                     

                                                                                                          
By the end of this course you will be able to:

- Prepare a full set of accounts i.e. preparation of journals, posting to ledger, preparation of trial balance, prepare month-end adjustments, prepare income statement and balance sheet

- How to read a balance sheet

- How to read Profit & Loss Statement

- Use Profit and Loss Statement to evaluate performance

- Understand the relationship between cash flow statement and balance sheet

- Managing Account Payables

- Managing Account Receivable

- How to look for information efficiently in the annual report

- Learn how to size up a company quickly by reading their financial ratios

- How will the Withholding Tax Changes Affect My Business?

- Understand Corporate Tax Computation

 

 

[03] METHODLOGY

Case Study & Group Discussion

 

 

[04] WHO SHOULD ATTEND

Accounts executive, Senior Account executives, Supervisors, Account assistants and all professionals who are interested in basic Accounting

Special Feature: NOTE: Please bring laptop along.

 

 

[05] DATE/ TIME/ FEE

 

Date:    5 - 6 September 2022 (Mon - Tue)

Time:    9.00am – 5.00pm

Mode:   Online/ Interactive

 

FEE:

[ HRD Corp Claimable ]

 

   - Early Bird Offer (before 17 Aug 2022)     –      RM 1,230

   - Special Offer (before 31 Aug 2022)     –      RM 1,290

   - Normal Fee      –      RM 1,350

 

>> Fee includes Course Notes & Certificate of Completion and 6% Government Service Tax

Fee excludes any Microcredential charges and processing charge by HRD Corp as may be announced prior to training.

 

** OFFER ** 

- 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied.

 

[06] PROGRAM OUTLINE

 

Day 1

 

8.30am            Registration

 

9.00am            Module 1: Understanding Accounting Terms

 

                        - How is financial accounting different from management accounting?

                        - Which do you need to know?

                        - Accounting terms, concepts, double entry rule and accounting cycle

 

9.30am            Module 2: Managing P&L & Cash Flow (Simulation exercise)

 

Objective:

         - With little or zero accounting knowledge, will walk you through your business or new business on sales, purchases, operating expenses, investment, capital injection, depreciation & interest payment

         - You see your own P&L, Balance sheet, cash flow & equity

         - Provide strategies (using goal seek) to improve your cash flow & P&L position

 

10.30am          Morning Break

 

11.00am          Module 3: Recording and Analysing Business Transactions

 

                        - Understanding Main Books of Accounting System for any type of Business Operations

                        - Journal, Ledger and Source Documents

                        - Ensuring Relevant Supporting Documents for Accounting Transactions

                        - Books of Original Entries – Types of Journals and Cash Book

                        - Ledger System – General Ledgers, Subsidiary Ledgers – Posting into Ledgers

                        - Proper Classification of Expenses to Avoid problems with Tax Authorities

 

12.30pm         Lunch Break

 

1.30pm           Module 4: Accounts Receivable (AR) & Accounts Payable (AP)

 

                        - Understanding How AR & AP Work & Relate to General Ledger

                        - Performing AR, AP Reconciliation

                        - Timely payment due incomplete documents

                        - Received invoices late from vendor/outlets

                        - PO not stated on the invoice

                        - Timely closing of AP/accruals

                        - PO issued but invoice never reached AP

                        - Cancellation of PO was never informed

 

3.30pm            Afternoon Break

4.00pm            Module 5: Adjusting Accounts and Preparing Financial Statements

                        - Accrual Basis versus Cash Basis

                        - Recognizing Revenues & Expenses

                        - Adjusting Accounts

                        - Unearned (Deferred) Revenues

                        - Accrued Expenses

                        - Links to Financial Statements

                        - Preparing Financial Statements

 

5.00pm            End of Day 1

 

 

Day 2

 

 

9.00am            Module 6: Preparation of Final Accounts

 

                        - Balancing Accounts and preparing Trial Balance to ensure accuracy of double entry system

                        - Detectable / Non-Detectable Errors

                        - Trading Accounts / Profit & Loss Accounts / The Financial Position

                        - Final Accounts with Adjustment

                        - The closures of books and transfer of balances to next financial year

                        - Dealing with Bad / Doubtful Debts / Provisions, etc

 

 

10.30am          Morning Break

 

11.00am          Module 7: Cash Flow Statement

 

                        - Lifeblood of business – Cash Flow Statement

                        - Relationship between cash flow statement and balance sheet

                        - 3 streams of cash flow, Operating, Investing &Financing

                        - How to determine financial health from cash flow pattern

                        - Determining if the company is using internal cash flow to finance growth or relying on external financing

 

12.30pm          Lunch Break

 

1.30pm            Module 8: Financial Ratios Analysis

 

                        - Learn how to size up a company quickly by reading their financial ratios

                        - Liquidity

                        - Solvency

                        - Efficiency

                        - Profitability

                        - Asset Management

                        - Assessing drivers of company profitability and growth

                        - Operations and investment strategies: operating and investment management

 

2.45pm            Module 9: Withholding Tax

                        - How Will the Withholding Tax Changes Affect My Business?

                        - Withholding tax case study

3.30pm            Afternoon Break                    

4.00pm            Module 10: Understanding Taxes

                        - Income tax computation

                        - Non allowable deduction

                        - Special deduction

                        - Double deduction

                        - Capital allowance

                        - Approved Donation

                        - Tax rate

5.00pm            End of Training

 

 

[07] TESTIMONIALS FROM PAST PARTICIPANTS

 

“Overall good.  I am a bit slow due to not very good in accounting. I can say it is totally new to me. Big thank you, Dr Steven. I will discuss with my top management regarding to the budget aspects of my role for the next management meeting. Will implement this budget analysis to control branding & advertisement costs in 6-month times”

      - Brand Development & operation Manager, DC Comics Superheroes

 

“Good introduction to the basics of accounting and financial analysis using practical real-life examples. Participants are able to grasp concepts quicker as it is hands on and interactive.”

      - Legal Division, Ministry of Finance

 

“This course gives me better understanding about accounting & financial analysis as a preparation when public sectors start using accrual accounting in 2015.”

      - Internal Audit Division, Ministry of Finance

 

“I now understand the following better: Understanding the balance sheet, know how to identify the profitable company/projects, understanding more on problem solving tools, more input for decision making process”

      - Treasury, Sabah Malaysia, Ministry of Finance

 

“This course is good to refresh my knowledge on accounting treatment. It also helps me in making analysis on financial statement as well as preparing scenario and sensitivity analysis which are relevant to my current task at Fiscal and Economic Division.”

      - Fiskal dan Economic, Ministry of Finance

 

“Knowledge gained from this course has opened my eyes towards the intricacies of finance in private sector and maybe contribute back this knowledge to the government.”

      - Aizwan bin Anuar, Housing Loan Division, Ministry of Finance

 

“This course has assisted me in analysing financial statements better. Discussions using case studies have helped us to better understand & relate to our day to day tasks. My favourite session was the financial statements preparation & problem solving on burning issues”

      - Nurhidayah binti Lamien, Tax Division, Ministry of Finance

 

 

[08] TRAINER PROFILE

 

Dr. Steven Liew

Certified HRD Corp Trainer Consultant 

Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA.

Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading

the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years’ period.

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad) and a GST Tax Consultant.

Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit Man- agement Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd, Singapore, Lexis Nexis,, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries Development Corporation , Ministry of Development, Brunei , BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam. Conti- nental Tyres, Sime Darby Bhd, Sony Malaysia Sdn Bhd, Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Prod- ucts (M) sdn Bhd; Dialog Group Bhd; SEDCO, KK; Hosid- en Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd.

He is currently providing management consultancy and training specialising in Forecasting, Fast closing monthly, leadership, Strategic Planning, budgeting, accounting, finance, cost reduction, credit management & loan recovery.

 

 

[09] ENQUIRY & REGISTRATION

 

Enquiry: Yes@sst2u.com

Contact:

- General (03 - 5888 7357)

- Teo (011 - 3178 9203)

- Logesh (012 - 503 0346)

- Siti (012 - 383 8603)

- Han (019 - 323 0507)