Finance For Non-Finance Professionals & SST Implementation

10 Oct, 2018, Kuala Lumpur

FOCUSING ON
  • Module 1: Managing P&L & Cash Flow (Simulation Exercise)
  • Module 2: Improve Cash Flow & Profitability Position (Practical Case Study)
  • Module 3: Cash Flow Statement (Simulation Exercises)
  • Module 4: Financial Ratios Analysis (Simulation on Real Listed Companies Case Studies)
  • Module 5: What is the difference between GST SST?
  • Module 6: Business Preparation
  • Module 7: SST - Overview
  • Module 8: SST - Administrative & Rates
  • Module 9: SST - Valuation, Registration Returns & Payment
  • Module 10: SST - Exemption, facilities & Accounting

    Special Feature: Participants Will Receive a Set
    of Practical Templates suitable for all sectors.

OVERVIEW

The primary goal of this course is to help professionals who have little or no knowledge in finance and accounting in developing sound financial knowledge to read and understand financial reports.

 

With effect from 1/6/2018, Minister Order on the rate of GST of 6% has been changed to 0%. The zero rated order and various order has been repeal at the same time for paving the way for the re-introduction of Sales Tax and Service Tax. (SST).

 

This course also help GST registered and NON-GST registered persons (as the threshold for SST registration is lower) to prepare and assist them in their management during this migration transition period and planning for their eventual migration from the current GST mechanism to that of the SST mechanism, with ease.


AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB...
  1. Understanding how to manage your Profit & Loss & Cash Flow position
  2. Knowing how to design your Working Capital requirement
  3. Knowing how to plan your Budgets
  4. Using goal seek to hit management expectations on Sales, Profit & Cash Flow
  5. Recognising at least 3 different methods of preparing Operating Budgets, and the strengths and weaknesses of each method
  6. Understanding the difference between GST & SST?
  7. Understanding what does this mean for my business?
  8. Learning the SST IMPLEMENTATION process
  9. Preparing and addressing critical transition issues for businesses
WHAT YOUR COLLEAGUES ARE SAYING ABOUT THE COURSE…
  • “Good introduction to the basics of accounting and financial analysis using practical real life examples. Participants are able to grasp concepts quicker as it is hands on and interactive.”
    Legal Division, Ministry of Finance
  • “This course gives me better understanding about accounting & financial analysis as a preparation when public sectors start using accrual accounting in 2015.”
    Internal Audit Division, Ministry of Finance
  • “I now understand the following better: Understanding the balance sheet, Know how to identify the profitable company/projects, Understanding more on problem solving tools, More input for decision making process”
    Treasury, Sabah Malaysia, Ministry of Finance
  • “I’ve learnt the systematic ways to measure company’s performance right from the beginning when the project kicked-off until forecasting the ability of the company to survive in the industry. This knowledge is very useful which it is very much related to my work nature.”
    Nur Diyana Binti Ab. Manap, Government Investment Corporation, GIC, Ministry of Finance
  • “This course has assisted me in analyzing financial statements better. Discussions using case studies have helped us to better understand & relate to our day to day tasks. My favourite session was the financial statements preparation & problem solving on burning issues.”
    Nurhidayah binti Lamien,
    Tax Division, Ministry of Finance
  • “Had clarified many GST tax codes that really help in my daily works.”
    Accountant, HT CONSULTING (ASIA) SDN BHD
  • “The course objectives were clearly communicated. It was a timely GST technical updates.”
    Senior Accounts Executive, Selangor Turf Club
  • “This GST Technical Updates truly meet my expectation.”
    Accounting Manager, Aramex (Malaysia) Sdn Bhd
 
DAY 1
9:00 MODULE 1: MANAGING P&L & CASH FLOW (SIMULATION EXERCISE)

Objective:

  • With little or zero accounting knowledge, will walk you through Your business or new business on sales, purchases, operating expenses, investment, capital injection, depreciation & interest payment
  • You see your own P&L, Balance sheet, cash flow & equity
  • Provide strategies (using goal seek) to improve your cash flow & P&L position
10:45 MODULE 2: IMPROVE CASH FLOW & PROFITABILITY POSITION (PRACTICAL CASE STUDY)
  • Applying what if analysis (goal seek)
  • Applying profitability strategy management framework
    - Formulation stage
    - Execution stage
    - Evaluation stage
1:00 Lunch

2:00 MODULE 3: CASH FLOW STATEMENT (SIMULATION EXERCISES)

Objective:

  • You will learn why you fund increase or decrease
  • What are the causes: operational, investing or financial driven?
  • Using goal seek will improve your cash flow position.
3:45 MODULE 4: FINANCIAL RATIOS ANALYSIS (SIMULATION ON REAL LISTED COMPANIES CASE STUDIES)
  • Objective: You will understand how to read the financial ratios
  • Liquidity
  • Solvency
  • Efficiency
  • Profitability
  • Asset Management
5:00 End of Day 1
DAY 2 | SST Implementation
9:00 MODULE 5: WHAT IS THE DIFFERENCE BETWEEN GST & SST?
  • Taxable Rate
  • Taxable period
  • Supply chain
  • Cash vs accrual system
  • Input tax
10:45 MODULE 6: BUSINESS PREPARATION
  • How Does This Affect My Pricing?
  • How much will the zero-rating cost your business?
  • What about My Tax Invoices & GST Reports?
  • What about Future Tax Codes? SST?
  • Is SST a simpler tax for businesses?
  • Any additional costs for New Software?
12.00 MODULE 7: SST - OVERVIEW
  • Proposed Legislation
  • Scope and Charge
  • Sales Tax Mechanism
  • Interpretation of Manufacture
1:00 Lunch

2:00 MODULE 8: SST – ADMINISTRATIVE & RATES
  • Taxable Person
  • Taxable Goods
  • Rate of Tax
  MODULE 9: SST – VALUATION, REGISTRATION RETURNS & PAYMENT
  • Sales Tax Valuation
  • Taxable Service
  • Registration
  • Returns / Payment
3:45 MODULE 10: SST – EXEMPTION, FACILITIES & ACCOUNTING
  • Exemption & Facilities
  • Special Rules
  • Accounting
  • Miscellaneous
5:00 End of Course
WHO SHOULD ATTEND
Entrepreneurs, Business Managers, Marketing Managers, Supervisors, Executives and Managers and all professionals who are interested in Finance for non-Finance & SST implementation.
METHODOLOGY
Case Study & Group Discussion. Real-current problematic debt cases will be analyzed and scenario solutions will be discussed within the course.


 

LEARN FROM THE BEST

Dr. Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD. in international finance with Rushmore University of USA.

 

Dr. Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period.

 

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and had successfully completed the Custom examination

 

Dr Steven Liew Had Conducted Various Seminars for Corporate Clientele Including Private Sector: Association Of Credit Management Malaysia, Chartered Institute Of Management Accountants, Malaysia Institute Of Management, Malaysia Institute Of Accountants, Institute Of Bank-Bank Malaysia, Nestle, IQPC Worldwide Pte. Ltd. , Singapore, Lexis Nexis, Proton Edar Malaysia , Small Medium Industries Development Corporation , BICPA Asean Management, Brunei, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei &, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam. Continental Tyres, Sime Darby Bhd, Sony Malaysia Sdn Bhd , Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, UDA Holdings, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI, Capital Mall Malaysia Trust, Suria KLCC, Hiap Teik Venture Berhad, Engtex Group Berhad, Cyberview Sdn Bhd, Johor Port Bhd, Hai O Enterprised Bhd, Dialog Group Bhd,

Public & Govt. Ministries: Brunei Investment Agency, RISDA Group of Companies, Ministry of Development, Brunei, Ministry of Foreign Affairs, Ministry of Finance, Ministry of Foreign Affairs, Syarikat Perumahan Negara Berhad, Malaysia External Trade Development Corporation, SEDCO, KK, SECCOM Sdn Bhd, UKM, Perbadanan Kemajuan Negeri Kedah, Perbadanan Kemajuan Negeri Perak & Petronas

Overseas Training: Maldives, Sri Lanka, India, Hong Kong, China, Singapore, Brunei & Cambodia

 

He Is Currently Providing Management Consultancy and Training Specializing in Fast Closing Monthly, Leadership, Strategic Planning, Budgeting, Accounting, Finance, Cost Reduction, Credit Management & Loan Recovery.

 

VENUE DETAILS

Dorsett Kuala Lumpur
172 Jalan Imbi
55100 Kuala Lumpur

Phone :03 2716 1000

 

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