*Free Accounting Software Provided

[01] INTRODUCTION

The financial accounting function is a well-defined and important one, as it serves to provide financial information both for statutory compliance purpose and to inform management of its financial performance and condition on the day-to-day operations. This function covers the basic of the collection, recording, and classification of financial transactions to the analyzing of accounts or statements and the eventual preparation of financial statements. The processes within this function are wide and varied. In addition, the personnel should also be exposed to taxation, accounting standards and other prevailing regulations etc. Hence, understanding accounting principles, practices and procedures is the first step towards realizing this goal.

This 3-day program provides the participant with a big picture as well as a thorough and sound understanding of the basics of financial accounting and their practical applications in the workplace. Participants will appreciate the key aspects of this function, learn the issues and common mistakes made and what are the best practices.

[02] Course Objectives

• Acquire skills to “write a full set of books” from accounting transactions to preparation of the financial statements

• Get an overview of the entire accounting system and understanding of how transactions are sorted, classified, and categorized into meaningful financial information

• Learn how to prepare the final accounts – Balance Sheet and Income Statement

• To understand and be able to utilize accounting information in their works and to improve effectiveness and efficiency

• To enable participants to better interact with the accounts or finance department to enhance cooperation and to secure their support in achieving departmental objectives

• Understand how various legislations like Companies Act, Income Tax Act and MPERS/ MFRS govern the accounting function

• Know the common mistakes/errors made and problems faced and learn the best practices to perform the task or process

• Learn to use cloud accounting to perform the accounting function without having to be stationed at a specific location

[03] Who Should Attend

• Accounting personnel who need a good overview of the financial accounting function and a throughout understanding of the mechanics of accounting

• Accounting personnel who intend to be self-employed

• Managers, executives, and staff of non-finance departments

• Anyone who uses financial numbers and need to understand how such numbers are derived from

• Develop good working knowledge of business accounting to enhance their relationship with the Finance department

[04] METHODOLOGY

Interactive lectures plus hands-on exercises, case studies and group discussions.

[05] PRE-REQUISITES

Laptops with access to the internet is required for case studies and exercises.

[06] DATE, TIME, FEE

Date：  5-7 Jul 2023 (Wed-Fri)

Time：  9.00am - 5.00pm

Venue： CPD Academy, Puchong

Level:    Basic

Fees:   [HRD Corp Claimable]

   - Early Bird Offer (before 16 Jun 2023) - RM 1,680

   - Special Offer (before 30 Jun 2023) - RM 1,760

   - Normal Fee - RM 1,840

- Fee includes Course Notes, Lunch, Refreshments/ Tea Breaks, Certificate of Completion & 6% Government Service Tax.

** OFFER **

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

(E) Course Contents

DAY 1

[01] Financial Literacy

• Definition and importance

• What is Finance

• Overview of Accounting

[02] The Accounting Equation

• Debit & Credit / Double Entry

• Accounting Documentation

• The Accounting Process & System

[03] Recording & Analyzing Transactions

• Books of Original Entry

• Accounts and Classification

• The General Ledger and subsidiary ledgers

[04] Understand the Cash Book

• Purpose and Layout of cash book

• Bank Reconciliation

• Petty Cash Imprest System

[05] Preparation of final accounts

• Year-end cut off procedures

• The cut-off date / Year-end adjustments

• Closing the books and closing stocks

DAY2

[06] System of Check & Balance

• Trial Balance

• Reconciliation / Control Accounts

• Budget / Internal & External Audit

[07] Special Transactions

• Hire purchase and finance lease

• Revaluation of properties

• Disposal / writing of assets

• Accounting for forex gains / losses

• Inventory costing on imported goods

• Using suspense and clearing accounts

[08] Owners’ Transactions

• Company, Partnership, Sole-proprietor and Societies

[09] Preparation of Financial Statements

• Income Statement

• Balance Sheet

• Cash Flow Statement

• Other statements/ listing and analysis

[10] Financial Statements and Business Entities/ Nature

• Manufacturing Account

• Partnership accounts

• Income & Expenditure and Receipts & Payments Account

DAY 3

[11] Accounting Principles

• Concepts, Principles and Assumption

• Conventions and Key Accounting Definitions

[12] Taxation and Accounting

• Income Tax/ Sales & Service Tax/ GST

[13] Maintaining Proper Accounting Records

• Companies Act, 2016

• Income Tax Act 1967

• Effective Filing System

[14] Cloud Accounting

• Introduction to Cloud Accounting

• Cloud vs. Traditional Software – A comparison

• Government’s Digital Drive and Future Trend

• A comprehensive exercise in doing up a full set of accounts using cloud accounting software

[15] Conclusion & Q&As

(F) Trainer

WINSON HAN

Chartered Accountant, Consultant, HRDF Certified Trainer

CA (M) CA (ANZ) B COM

Winson is a Chartered Accountant by profession and has over 30 years of experience having served in various roles as practicing accountant, company secretary, financial controller and management consultant. He presently consults and advises companies to better manage their businesses through an integrated process covering strategic planning; tactical design, planning (financial and otherwise) and implementation; and monitoring, review and analysis. A key focus of his consultancy is to help clients to better manage and utilize their cash resources and to restore a financially sickened company to good health.

Besides consulting, Mr. Han is also actively involved in conducting public and in-house seminars targeting the non-financial audience in financial management and analysis, financial planning & budgeting, cost management, SST/GST and credit and cash flow management.

He is a PSMB (HRDF) certified trainer and holds a degree in commerce from New Zealand and is a member of the newly merged institute known as “Chartered Accountants Australia and New Zealand” and Malaysian Institute of Accountants.

(G) Register/Contact

Email： yes@sst2u.com

Contact:

- General (03 - 8604 7270)

- Teo (011 - 3178 9203)

- Logesh (012 - 503 0346)

- Siti (012 - 383 8603)

- Han (019 - 323 0507)