Overview
This Handling Full Set of Accounts training program enables participants to understand how to prepare full set of financial accounts including manufacturing accounts leading to preparations of financial statements, whilst understanding accounting principles and standards governing them.
Learning Outcomes
At the end of Handling Full Set of Accounts training programme, participants will be able to:
- Understand the fundamental of accounting, accounting terms, the accounting concepts, financial statements, journal entries
- Understand the concept of double-entry (debits & credits) & fully understand what is meant by ‘books must be balanced’
- Understand the relationship between all accounts & the financial statements (how and which category they fall into)
- Know how to provide for depreciation, bad debts & other entries
- Know how computerized accounting systems work and prepare Balance Sheet & Income Statement (and the new terms)
- Able to prepare Final accounts and maintaining Record properly
Who Must Attend
For those involved in the positions below, you may want to sharpen your skills to increase productivity at work and business:
- Accounts / Finance Executives
- Administration Executives
- Payroll Executives
- Credit Executives
- Sales and Marketing Executives
- General Clerks
- Corporate Planners and those who wish to obtain a good understanding on preparation of full set of accounts.
Course Details
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
MODULE 2: 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
MODULE 3: FIXED ASSETS ACCOUNTING
Differentiate between Revenue Expenditure and Capital Expenditure
Making entries for Depreciation and Amortization
Disposal of Fixed Assets
MODULE 4: ACCOUNTS RECEIVABLE (AR) & ACCOUNTS PAYABLE (AP)
Understanding How AR & AP Work & Relate to General Ledger
Performing AR, AP Reconciliation
MODULE 5: INVENTORY ACCOUNTING AND METHODS OF VALUATION
How Inventory Works & Interaction with General Ledger
Different Valuation Methods of Inventory: FIFO, LIFO & Weighted Average
Advantages & Disadvantages of Each Method of Valuation
MODULE 6: SHARE CAPITAL, SHARE PREMIUM & OTHER SOURCES OF FUNDING & REFLECTION IN BOOKS
Share Capitals and Accounting Entries
Share Premium Accounting
MODULE 7: UNDERSTANDING THE CASH BOOK
Understanding the layout of Cash book
Posting Cash Book Transactions into Ledgers
Petty Cash Book Compared with Main Cash Book
Preparing Bank Reconciliation Statements
MODULE 8: 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
MODULE 9: COMPUTERIZED/AUTOMATED ACCOUNTING
Working in a Computerized Accounting Environment
Difference between Manual and Computerized Accounting
Real Time vs Batch Processing
MODULE 10: SST ENVIRONMENT
Transition to SST
Methodology
Interactive Lecture
Practical Exercises
Group Discussion
Fun and effective Games to activate excitement in learning
Course Leader
Mr CW TAN
Chartered Accountant
Qualifications:
Fellows Member of Chartered Management Accountant - FCMA (UK)
Chartered Accountant (Malaysia)- CA (M’sia)
Chartered Global Management Accountant (CGMA)
Certified GST Trainer
Competent Toastmaster (CTM)
Mr Tan is a Senior Member (FCMA) of the Chartered Institute of Management Accountants, CIMA and a member of Malaysian Institute of Accountants, MIA since December 1992. He has been a Council Member of the CIMA Malaysia Divisional Council since 1998 until the Divisional Council dissolved in May 2012. Tan is also a duly certified Competent Toastmaster of Toastmaster International.
Tan has had a long and distinguished career as a Management Accountant in a number of well-known Malaysian and International Companies. He started his career in Finance as an Auditor. In 2000, he joined KNM Berhad as Group Financial Controller and played a pivotal role in KNM’s listing submission. In December 2005, Tan returned to his hometown, Melaka and worked for Coats Thread (Malaysia) Sdn. Bhd. as Finance Manager and retired in March 2012 to form WFP.
As the pioneer CIMA Global Membership Assessor from Malaysia, Tan is actively involved in giving talks and doing workshops for potential members who wanted to apply for CIMA membership locally as well as in Singapore and has conducted in house training as well as public training programmes on Finance both locally as well as in Cambodia. With the expansion of more overseasGlobal Membership Assessor, Tan is now a Mentor for two new Assessorsin Malaysia.
All in, Tan has more than twenty-three years of hands-on experience in different areas of management and functions in diverse industries such as in auditing, printing, construction, manufacturing, consultancy, engineering and trading. Other than the Finance, Accounting, Auditing, Taxation, Corporate Finance and Credit Control, some of the other functions include: general management, business development, business strategic planning, performance improvement, quality assurance, human resource management, information technology and management, budgeting and strategic cost management. Tan is also a certified trainer under PMSB, Malaysia. (Certificate No. TTT/6518).
To book Mr Tan for speaking, training or consultancy engagements, please contact us at info@iTrainingExpert.com or +603 8074 9056.
Chartered Accountant
Qualifications:
Fellows Member of Chartered Management Accountant - FCMA (UK)
Chartered Accountant (Malaysia)- CA (M’sia)
Chartered Global Management Accountant (CGMA)
Certified GST Trainer
Competent Toastmaster (CTM)
Mr Tan is a Senior Member (FCMA) of the Chartered Institute of Management Accountants, CIMA and a member of Malaysian Institute of Accountants, MIA since December 1992. He has been a Council Member of the CIMA Malaysia Divisional Council since 1998 until the Divisional Council dissolved in May 2012. Tan is also a duly certified Competent Toastmaster of Toastmaster International.
Tan has had a long and distinguished career as a Management Accountant in a number of well-known Malaysian and International Companies. He started his career in Finance as an Auditor. In 2000, he joined KNM Berhad as Group Financial Controller and played a pivotal role in KNM’s listing submission. In December 2005, Tan returned to his hometown, Melaka and worked for Coats Thread (Malaysia) Sdn. Bhd. as Finance Manager and retired in March 2012 to form WFP.
As the pioneer CIMA Global Membership Assessor from Malaysia, Tan is actively involved in giving talks and doing workshops for potential members who wanted to apply for CIMA membership locally as well as in Singapore and has conducted in house training as well as public training programmes on Finance both locally as well as in Cambodia. With the expansion of more overseasGlobal Membership Assessor, Tan is now a Mentor for two new Assessorsin Malaysia.
All in, Tan has more than twenty-three years of hands-on experience in different areas of management and functions in diverse industries such as in auditing, printing, construction, manufacturing, consultancy, engineering and trading. Other than the Finance, Accounting, Auditing, Taxation, Corporate Finance and Credit Control, some of the other functions include: general management, business development, business strategic planning, performance improvement, quality assurance, human resource management, information technology and management, budgeting and strategic cost management. Tan is also a certified trainer under PMSB, Malaysia. (Certificate No. TTT/6518).
To book Mr Tan for speaking, training or consultancy engagements, please contact us at info@iTrainingExpert.com or +603 8074 9056.
Testimonies
"This training was very well organized and worth for investment. This training is entertaining and I enjoyed it al lot." - Accountant, Maldive Gas Pvt Ltd.
"The trainer is very friendly. I learned that this course is very helpful because I can now work easier." - Senior Account Officer, Maldive Gas Pvt Ltd.
“I had very limited understanding about the subject before going for this course. The training taught me how to read financial statements and how to become more knowledgeable on finance as a whole. The trainer is very good. Mr. Tan explained in layman terms that made the subject easier to understand. I particularly liked our exercises.” – Nurliyana Ruzlen, Assistant Manager.
“I thought accounting was really too difficult a subject to understand. This training taught me the importance of interpreting a company’s financial statements to determine its health. After it was done, I really felt like I knew a lot more about the world of finance. The trainer is very knowledgeable.” – Choi Pek Koon, Assistant Manager, Administration.
“Before this course, I was lacking in any basic financial knowledge, but the training taught me how to analyze the financial health of a company from its performance, budgeting and investments. After it was done, I felt as though what I had learned would enhance my skills in decision-making and budget projection to determine the financial performance of my company. The trainer was very knowledgeable in his field and made everything simple to understand.” – Norhafiza bt Amran, Executive.
Investment
| Normal Fee |
| Sign up 1 pax |
| Pay 1 day(s) before course starts |
| MYR 2,890.00 |
| USD 850.00 |
| Early Bird |
| Sign up 1 pax |
| Pay 14 day(s) before course starts |
| MYR 2,290.00 |
| USD 670.00 |
| Group Fee |
| Sign up 3 pax or more |
| Pay 14 day(s) before course starts |
| MYR 2,190.00 |
| USD 640.00 |
(Fee inclusive of Buffet Lunch, Refreshment, Welcome Pack, Training Materials & Certificate of Achievement. Fee is NOT INCLUSIVE of 6% SST.)
Certificate
Upon successful completion of this program, you will receive a Certificate of Achievement.
Certificates are distributed on the final day of the program.
Payment mode:
1. ONLINE PAYMENT by Credit card: You can opt to register and pay online with our latest payment integration system through our website.
2. BANK IN CHEQUE
Bank in and then scan the Bank-in slip and email to us before the course commence to confirm your seat.
Courier your cheque payment to our Finance HQ.
*Note that we DO NOT take any payments during the event.
3. BANK IN CASH:You can also pay by cash through bank-in our company bank account.
4. Telegraphic Transfer- You can also opt to use GIRO or telegraphic transfer of payment via international banks.
