Handling Full Set of Accounts

27-28 Sep, 2017, Kuala Lumpur


FOCUSING ON
  • Fundamental Accounting Concepts
  • Sole Proprietorship, Sdn. Bhd. and Bhd.
  • Management Accounts vs. Statutory Accounts
  • Underlying Reasons for Preparing a Set of Financial Statements
  • Bank Reconciliations and the Rational of the Preparation
  • Cash Book Analysis
  • Petty Cash Analysis
  • Preparation of Ledgers and Control Accounts
  • Payroll and the Inclusion of All Related Human Resource Costs
  • Concept of Aging and Inclusion in the Balance Sheet
  • Loan Accounts and the Treatment of Principal and Interest
  • Types of Fixed Assets and the Treatment of Depreciation
  • Depreciation Write-Backs Due to Change in Policies
  • Treatment of Stocks and WIP
  • Profit and Retained Profits
  • How and When to Make Provisions
  • How and When to Provide for Bad Debts
  • How and When to Recognise Sales Invoices
  • How to Recognise Profit/Loss on Exchange
  • Provision for Taxes
  • Inland Revenue Requirements/Details of Certain Expenditure
  • Disclosure Requirements
  • Preparation for Audit
  • Audit Adjustments and Journals
OVERVIEW

This 2-day course will review in detail the various types of transactions within an organisation and how these transactions are understood and accounted for following the fundamental accounting core concepts.

 

The course will provide a walk-through of a large number of basic and complex transactions and the treatment of these in the light of the accounting standards.

 

It will also include step by step preparation of a full set of Accounts - Profit & Loss Account and Balance Sheet management.

 

The course is steered to provide a detailed review of the concept of Monthly Management Accounts and Annual Financial Statements.

OBJECTIVES

The objective of the course is to introduce the basic concepts of accounting and to highlight the importance of the need to have a proper set of underlying records books and records.

 

The sessions further cover the types of records that need to be maintained and how each of these records forms the basis for preparing the Profit and Loss and Balance Sheet proprietary business.

WHO SHOULD ATTEND?

The course is suitable for Senior Accounts Clerks and Accounts Executives whose responsibilities include the preparation of monthly management accounts and yearly Financial Statements as well as Finance Managers who need a refresher course on the preparation of accounts.

METHODOLOGY

Interactive Lectures, Slides Presentation, Exercises, Case Studies, Participants Interaction

DAY 1
9:00 Module 1: Fundamental Accounting Concepts

 

  Module 2: Sole Proprietorship, Sdn. Bhd. and Bhd.
 
  Module 3: Management Accounts vs. Statutory Accounts
 
10:45 Module 4: Underlying Reasons for Preparing a Set of Financial Statements
 
  Module 5: Bank Reconciliations and the Rational of the Preparation
 
12:00 Module 6: Cash Book Analysis
 
  Module 7: Petty Cash Analysis
 
1:00 Lunch

2:00

Module 8: Preparation of Ledgers and Control Accounts

 

  Module 9: Payroll and the Inclusion of All Related Human Resource Costs
 
10:45 Module 10: Concept of Aging and Inclusion in the Balance Sheet
 
  Module 11: Loan Accounts and the Treatment of Principal and Interest
 
5:00 End of Day 1
DAY 2
9:00 Module 12: Types of Fixed Assets and the Treatment of Depreciation

 

  Module 13: Depreciation Write-Backs Due to Change in Policies

  Module 14: Treatment of Stocks and WIP
 
10.45 Module 15: Profit and Retained Profits
 
  Module 16: How and When to Make Provisions
 
  Module 17: How and When to Provide for Bad Debts
 
12.00 Module 18: How and When to Recognise Sales Invoices
 
  Module 19: How to Recognise Profit/Loss on Exchange
 
  Module 20: Provision for Taxes
 
1:00 Lunch

2:00 Module 21: Inland Revenue Requirements/Details of Certain Expenditure
 
  Module 22: Disclosure Requirements
 
3.45 Module 23: Preparation for Audit
 
  Module 24: Audit Adjustments and Journals
 
5:00 End of Course

 

LEARN FROM THE BEST

HARI RAMULU MUNUSAMY is a Business Financial Consultant cum Lecturer, with wide experience in public practice and in financial management & public sector accounting, auditing and taxation educational process, having been in the profession and industry since October 1976.

 

He started his career with Messrs F. H. Eiles & Co., a firm of Chartered Accountants in London as an Audit Assistant in October 1976. Subsequently, he continued his career as an Audit Supervisor with Messrs Coopers & Lybrand (now known as PricewaterhouseCoopers), Kuantan in May 1984. In January 1986 he joined Messrs Senthe & Co (a firm of Chartered Accountants in private practice in Petaling Jaya), as an Audit Manager, till December 2006. Over the years, he gained knowledge, experience, skills and expertise in accounting, auditing and taxation services including tax investigation, forensic accounting and company floatation.

 

Between 1993 and 2006, he had conducted seminars and courses in financial accounting, internal auditing, external auditing, and taxation to practitioners and general public. Notable and worthy of mention are: taxation seminars for Permodalan Nasional Berhad (PNB), auditing for FELDA, forensic accounting for ROYAL CUSTOMS MALAYSIA, and executive accounting and financial statements analysis course for Pahang ADUNs through Yayasan Pahang. He was the unofficial consultant to the State Secretary and Chief Minister of Pahang from 1997 to 2000.

 

He is deemed to be a prolific presenter with excellent commendations from participants. In 2008 he presented several seminars relating to taxation, costing, budgeting, financial statements analysis, accounting standards, preparation of financial statements, and forensic accounting. Professionally, he is a Fellow member of the Association of Chartered Certified Accountants of UK, a Chartered Accountant of the Malaysian Institute of Accountants, an Associate member of the Malaysian Institute of Taxation, a Chartered member of the Institute of Internal Auditors of Malaysia (affiliate of USA), and an Associate member of the Certified Fraud Examiners of USA. His academic qualifications are: Diploma in Accountancy (Newcastle-Upon-Tyne, England), and Master of Business Administration (Accounting) from University of Newcastle, USA.

 

VENUE DETAILS

Furama Hotel Kuala Lumpur
136, Jalan Changkat Thambi Dollah
55100 Kuala Lumpur

Phone :03 2788 8888
Fax :03 2788 8889

 

IPA TRAINING IS REGISTERED WITH

 

CONTACT US

Juliany, 
O - 03 2283 6109,
M - 019 3134436
juliany@ipa.com.my 

Michelle, 
O - 03 2283 6100, 
M - 019 363 7822
michelle@ipa.com.my 

For Customised In-House Training
Yvonne,
O - 03 2283 6101, 
M - 012 2011247,

F - 03 2283 6108
 
yvonne@ipa.com.my
 

ADDRESS 

A-28-5, 28th Floor, 
Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my