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Accounting Skills for Accounting Clerks and Accounts Assistants

19-20 Sep, 2018, Furama Hotel Kuala Lumpur

IPA Training is Registered with

Venue Details

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

Click For Hotel Location


Phone : 03-2788 8888

Contact us

FOR COURSE DETAILS

Juliany,

Office: 03 2283 6109

Mobile: +60 122281247

juliany@ipa.com.my

Phoebe,

Office: 03 2283 6100

Mobile: +60 193637822

phoebe@ipa.com.my

Bee Teng,

Office: 03 2282 6112

Mobile: +60 172566121

beeteng@ipa.com.my

FOR CUSTOMISED IN-HOUSE TRAINING

Jane,

Office: 03 2283 6101

Mobile: +60 129418251

jane@ipa.com.my

Keith,

Office: 03 2283 0000

Mobile: +60 162272735

keith@ipa.com.my

ADDRESS

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

FOCUSING ON
  • Introduction
  • Transactions Processing & Accounting Entries
  • Provisioning / Prepayments / Accruals and Adjustments
  • Understanding Financial Statements
  • Interpretation of Accounts
  • Introduction to Cost Allocation and Costing
OVERVIEW

Accounting has always been recognized as a very key function in any organization. It provides the basis for information reports to be generated from these accounting records to help managers to make a more informed decisions to increase their organizational performance.

 

Accounting will forever be an extreme asset and vital aspects to one’s career and organization success.

 

With the introduction of GST, almost every accounting transaction also needs to be coded to enable the filing of correct returns, even though major changes has taken place from 1/6/2018 onwards.

 

Hence this Accounting Skill course will help all Accounting Personnel to increase their effectiveness in their daily Accounting Work.

WHO SHOULD ATTEND
  • Accounts and Administrative Assistants and supervisors
  • Book Keepers & Accounts Clerks
  • Fresh Accountants / Fresh Accounting Graduates
METHODOLOGY

Interactive Lectures, Discussions and Q&A sessions. Participants attending are also required to work together in pairs and groups for hands-on exercises to recap the learnings together.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Increasing your understanding of the key concepts and importance of the day to day Accounting activities requirements in your work.
  2. Learning and knowing your accounting classifications according chart of accounts requirements.
  3. GST Code mapping for period from 1/6/18 till further notice from RMCD.
DAY 1
9:00 Introduction
  • What is Accounting, Book- Keeping, Transactions and an Account?
  • Why keep accounts?
  • Familiarization of Key Accounting Terms
  • Concepts, Principles and Equations
10:45 Transactions Processing & Accounting Entries
  • Accounting Policies and Grouping of Accounts
  • Chart and Books of Accounts
  • Transactional documentation processing
    - Common Documentation in use
    - Matching concept,
    - Checking and approving,
    - Following up trail
  • Accounting double entries and tax code applications (for period from 1/6/2018 till RMCD’s further notice) for various different kind of transactions including:
    - Treatment of Realized Exchange Difference and financial income
    - Bad Debt Relief Claims and Repayment of Input Tax for non-payment to suppliers.
    - Issuance of C/N and D/N for pre 1/6/18’s transactions.
  • GST code mapping to GST return form. (returns still need to be filed)
1:00 Lunch

2:00

Provisioning / Prepayments / Accruals and Adjustments:

  • Accruals, provisions and prepayments calculations and postings
  • Depreciation / Amortization methods
  • Stock obsolesces
  • Debtors / Creditors reconciliation
  • Bank Reconciliations
  • Petty cash control
5:00 End of Day 1
DAY 2
9:00 Understanding Financial Statements:
  • Manufacturing / Project Account
  • Statement of Comprehensive Income (Trading and Profit and Loss Account)
  • Statement of financial statement (Balance Sheet)
  • Statement of Cash Flow
  • Statement of Change in Equity
10:45 Interpretation of Accounts
  • Profitability
  • Liquidity
  • Efficiency
  • Solvency
1:00 Lunch

2:00 Introduction to Cost Allocation and Costing
  • Cost Classifications
  • Types of Costing
  • Variance Analysis
  • Breakeven point
5:00 End of Course