Accounting Principles & Procedures

23-24 Oct, 2017, Vistana Kuala Lumpur

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Learn from the Best

Rebecca Chin has more than 20 years of professional working experience. A qualified chartered accountant and a master’s degree holder, she has first hand expertise in helping to manage a multi-million dollar business in a MNC, covering financial management and budgeting.

 

Rebecca brings participants a wealth of practical accounting experiences in delivering this fundamental course, with a wide range of skills honed from having worked in Malaysia, Australia and China/Hong Kong.

 

She has successfully conducted various training courses and has been well received by past participants. Combining a selection of practical and hands-on-training methods in lively and interactive training sessions, participants will benefit from their attendance.

 

Rebecca is a member of the Malaysian Institute of Accountants as well as CPA Australia (Certified Practising Accountants).

Venue Details

Vistana Kuala Lumpur
9 Jalan Lumut Off Jalan Ipoh, 50400 Kuala Lumpur,
Phone : 03 4042 8000

Click For Hotel Location

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@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

FOCUSING ON
  • Fundamental Accounting Process & Principles
  • Accounting Equation, Double-Entry & Trial Balance
  • Financial Statements
  • Recording Transactions & Accounting Cycle
  • Accrual Accounting & Adjustments
  • Accounting For Fixed Assets & Depreciation
  • An Overview on Budgeting
WHO SHOULD ATTEND
  • Accounts Supervisors, Accounts Assistants, Accounts Officers, Accounts Clerks.
  • Junior Executives, Administrators, Admin Assistants who require basic accounting knowledge to function more effectively in their roles
  • Non-financial Executives or Assistant Managers with little or no accounting training but uses financial information in their roles, requiring fundamental accounting knowledge
METHODOLOGY

Interactive lectures with exercises, case studies and group discussions.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Learning the fundamental accounting process and principles.
  2. Appreciating the accounting equation and the corresponding elements of assets, liabilities, equity, income and expenses.
  3. Understanding the double-entry accounting system.
  4. Learning how to extract a Trial Balance.
  5. Knowing how to prepare Financial Statements.
  6. Understanding the basic of accrual accounting and period-end adjustments.
  7. Learning how to account for fixed assets.
  8. Understanding the concept of budgeting.
DAY 1
9:00 FUNDAMENTAL ACCOUNTING PROCESS & PRINCIPLES
  • Accounting Process
    - Recording
    - Reporting
    - Analysing & interpreting
    - Planning & budgeting
  • Basic Principles
    - Economic entity
    - Going concern
    - Accounting period
    - Conservatism
    - Matching and accrual accounting
    - Consistency
    - Materiality
10:45 ACCOUNTING EQUATION, DOUBLE-ENTRY & TRIAL BALANCE
  • Accounting Equation & Recording Financial Transactions
    - Assets
    - Liabilities
    - Equity
    - Income
    - Expenses
  • Trial Balance
    - Purpose & use
    - Limitations
1:00 Lunch

2:00

FINANCIAL STATEMENTS

  • Trading Account
  • Profit & Loss Account
  • Balance Sheet
  • Preparing Financial Statements
5:00 End of Day 1
DAY 2
9:00 RECORDING TRANSACTIONS & ACCOUNTING CYCLE
  • Accounting cycle
  • Source documents
  • Journals
10:45 ACCRUAL ACCOUNTING & ADJUSTMENTS
  • Recognition criteria
  • Accrued income & accrued expenses
  • Unearned income & prepaid expenses
  • Debts
    - Bad debts written-off
    - Provision for doubtful debts
    - Bad debts recovered
1:00 Lunch

2:00 ACCOUNTING FOR FIXED ASSETS & DEPRECIATION
  • Acquisition cost
  • Depreciation methods
  • Accounting for depreciation
  • Disposal of fixed assets
4.30 BUDGETING
  • An overview
5:00 End of Course