Financial Accounting & Reporting Skills

14-15 Oct, 2020, Pullman Kuala Lumpur Bangsar

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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 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 , Brunei Investment Agency, Small Medium Industries Development Corporation , Ministry of Development, Brunei , BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, 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, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) sdn Bhd; Dialog Group Bhd; SEDCO, KK ; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd

 

He is currently providing management consultancy and training specializing in Fast closing monthly, leadership, Strategic Planning, Sales Management, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.

Venue Details

Pullman Kuala Lumpur Bangsar
No 1 Jalan Pantai Jaya Tower 3, 59200 Kuala Lumpur,
Phone : 0322981888

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
  • Module 1: Understanding Accounting Terms
  • Module 2: Managing P&L & Cash Flow (Simulation exercise)
  • Module 3: Improve Cash Flow & Profitability Position (Practical Case Study)
  • Module 4: Recording and Analysing Business Transactions
  • Module 5: Fixed Assets Accounting
  • Module 6: Accounts Receivable (AR) & Accounts Payable (AP)
  • Module 7: Adjusting Accounts and Preparing Financial Statements
  • Module 8: Preparation of Final Accounts
  • Module 9: Financial Ratios Analysis
  • Module 10: Understanding Tax
  • Module 11: What is Power BI?
  • Module 12: Steps in Power BI?

    SPECIAL FEATURE: Participants Will Receive a Set of Practical Excel Templates suitable for all sectors.
    Laptop Required
OBJECTIVES

The primary goal of this course is to help professionals who have knowledge in finance and accounting in developing sound financial knowledge to read and understand financial reports.

 

Participants are required to prepare a full set of accounts i.e. preparation of journals, posting to ledger, preparation of trial balance, prepare month-end adjustments, prepare income statement and balance sheet.

 

Real-current accounting cases will be analyzed, and scenario solutions will be discussed in the course.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Preparing A Full Set Of Accounts I.E. Preparation Of Journals, Posting To Ledger, Preparation Of Trial Balance, Preparation Of Month-End Adjustments, Preparation Of Income Statement And Balance Sheet.
  2. Knowing How To Read Profit & Loss Statement
  3. Using Profit And Loss Statement To Evaluate Performance
  4. Understanding The Relationship Between Cash Flow Statement And Balance Sheet
  5. Managing Account Payables
  6. Managing Account Receivable
  7. Knowing How To Look For Information Efficiently In The Annual Report
  8. Learning How To Size Up A Company Quickly By Reading Their Financial Ratios
  9. Understanding The Power Business Intelligence (BI)
  10. Understanding Corporate Tax Computation
WHO SHOULD ATTEND
Accounts Executives, Senior Account Executives, Supervisors, Accounts Assistants And All Professionals Who Are Interested In Accounting
METHODOLOGY
Interactive Lectures, Case Studies & Group Discussions.
WHAT YOUR COLLEAGUES ARE SAYING ABOUT THE COURSE…
  • “Overall good. I am a bit slow due to not very good in accounting. I can say it is totally new to me. Big thank you, Dr Steven. I will discuss with my top management regarding to the budget aspects of my role for the next management meeting. Will implement this budget analysis to control branding & advertisement costs in 6-month times”
    Brand Development & operation Manager, DC Comics Superheroes
  • “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
  • “This course has assisted me in analysing 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
DAY 1
9:00

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: MANAGING P&L & CASH FLOW (SIMULATION EXERCISE)
Objective:

  • 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 3: IMPROVE CASH FLOW & PROFITABILITY POSITION (PRACTICAL CASE STUDY)
Objective: Use financial tools of goal seek & solver to meet management target of sales, profit & cash flow position

  • Applying what if analysis (goal seek & solver)
  • Applying profitability strategy management framework
    - Formulation stage
    - Execution stage
    - Evaluation stage
12.00

MODULE 4: 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
1:00 Lunch
2:00

MODULE 5: FIXED ASSETS ACCOUNTING

  • Differentiate between Revenue Expenditure and Capital Expenditure
  • Making entries for Depreciation and Amortization
  • Disposal of Fixed Assets
 

MODULE 6: ACCOUNTS RECEIVABLE (AR) & ACCOUNTS PAYABLE (AP)

  • Understanding How AR & AP Work & Relate to General Ledger
  • Performing AR, AP Reconciliation
  • Timely payment due incomplete documents
  • Received invoices late from vendor/outlets
  • PO not stated on the invoice
  • Timely closing of AP/accruals
  • PO issued but invoice never reached AP
  • Cancellation of PO was never informed
3:45

MODULE 7: ADJUSTING ACCOUNTS AND PREPARING FINANCIAL STATEMENTS

  • Accrual Basis versus Cash Basis
  • Recognizing Revenues & Expenses
  • Adjusting Accounts
  • Unearned (Deferred) Revenues
  • Accrued Expenses
  • Links to Financial Statements
  • Preparing Financial Statements
5:00 End of Day 1
DAY 2
9:00

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
10.45

MODULE 9: FINANCIAL RATIOS ANALYSIS

  • Learn how to size up a company quickly by reading their financial ratios
  • Liquidity
  • Solvency
  • Efficiency
  • Profitability
  • Asset Management
  • Assessing drivers of company profitability and growth: -
  • Operations and investment strategies: operating and investment management
12.00

MODULE 10: UNDERSTANDING TAX

  • Income tax computation
  • Non allowable deduction
  • Special deduction
  • Double deduction
  • Capital allowance
  • Approved Donation
  • Tax rate
1:00 Lunch
2:00

MODULE 11: WHAT IS POWER BI?

  • Suite of business analytics tools to analyze data
  • Connect to your data, any data
  • Prep and model your data with ease
  • Provide advanced analytics with the familiarity of Excel
  • Create interactive reports customized for your business
  • Can unify all of your organization’s data, whether in the cloud or on-premises
3:45

MODULE 12: STEPS IN POWER BI?

  • Get Data (Query)
  • Transform/ Data Cleansing
  • Creating Reports
  • Publish to Power Bi Service
  • Create Dashboard
5:00

End of Course