Re-Skill & Up-Skill Practical Accounting Capabilities For Better Performance | FULL WEBINAR SERIES

07 Nov-05 Dec, 2020, Webinar Classroom Training

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TAN KOK TEE
DBA, MBA-Finance, FAIA, MIPA,
MCCS, ACTIM,
International Accountant (UK),
Public Accountant (Aust.)
Certified Company Secretary.
HRDF Certified Trainer
Registered GST Agent.

 

Mr. Tan Kok Tee has 40 years of working experience in Accounts & Financial, Strategic and General Management field. He has held a variety of leadership and senior management roles in various organizations, starting in the Accounts & Finance Department until CFO level and the last being Group Chief Executive Officer. More than half of these times were spent in the Manufacturing, Marketing & Distribution and Services organizations.

 

He is a Fellow member of the Association of International Accountants, UK; Member of the Institute of Public Accountants, Aust.; Certified Commercial Accountant, (M); Member of the Chartered Tax Institute of Malaysia; Member of the Malaysia Associations of Company Secretaries (M) and a Gold Mastery Holder in Reinventing Strategic Planning and Management from the Haines Centre for Strategic Management, sponsored by University of San Diego, USA.

 

He is also a Certified Trainer with PMSB’s (HRDF) Train The Trainer Certificate since 2009, a GST Agent registered with MOF & Holder of the GST MyGCAP certificate from RMCD and a Life Member of the Malaysian Institute of Directors.

 

Mr. Tan has been involved in Advisory, Training and Facilitation since beginning 2009. To-date he has conducted about 400 training workshops throughout Malaysia on topics on GST; SST; Practical Accounting for Accounting Staffs; Reading, Analyzing and Interpreting Financial Statement; Accounting and Finance for Non-Finance Managers; Customers Credit Evaluations and Collection Strategies; Incoterms, LC Operations and Trade Financing; Reinventing the Strategic Planning and Management and Financial Statement Hands On Application to MBRS, for both in-house as well as public.

 

Among the organizations that Tan Kok Tee has been providing training for, include Government Authorities, Chamber of Commerce, Government Link Companies, Banks, Malaysian Institute of Accountants, Chartered Institute of Management Accountants, CPA Australia, Malaysian Institute of Chartered Secretaries and Administrators, Selangor State Human Resource Development Centre (SHRDC), Negeri Sembilan State Skills Development Centre (NSSDC), Penang Skill Development Centre (PSDC), NGOs and many others public training providers.

 

His other clients include Shin Yang Group, MIRI, Bintulu Port, Deleum Bhd., Boustead Plantation Bhd., Takahata, FBK Manufacturing, Brothers Industries, Integrated Logistics, Mega Logistics, Chung Hwa Picture Tubes, Ohara Melaka, Safran Aerospace, NEC Corp. of Malaysia, Kobe Precisions, Tecktronic & Sons Holdings, Julie’s Biscuits, Ornapaper Melaka, Sunway University, Sime Darby Properties, Lion Group and many more.


To-date Mr. Tan has trained more than 15,000 Executives. He combines a wide range of practical and hands-on training experience in lively and challenging interactive training sessions.

 

He also developed and delivered an entrepreneurship program specially designed for MBA students from GC University, Pakistan in collaboration with Sunway Education Group for period 2010 to 2014 and was an invited speaker for the Asian Financial Controller’s Congress in 2009, 2010 and 2011.

Venue Details

Webinar Classroom Training

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

Session 1 | 7th November 2020
9:00

PURPOSE OF ACCOUNTING, TRANSACTION PROCESSING AND KEY ACCOUNTING TERMS

  • Types of Companies – Sole Proprietor, PLTs, Private Company, Public company, Listed and Not Listed.
  • What is Holding company, Ultimate Holding company, subsidiary company, sub-subsidiary company, Associate Company and Related Company
  • What is Accounting, Book-Keeping, Transactions and an Account?
  • Accounting concepts, cycles and equations
  • Matching concepts in timing and operational control.
  • What Accounting standards to used – MFRS or MPERS.
  • Main grouping of accounts
  • Users and benefits of accounting information.
10.30

TRANSACTION PROCESSING FRAMEWORK

  • Transactional documentation processing for sales, purchase, sales and purchase returns.
    i. Document Matching,
    ii. What document to match?
    iii. Checking and approving,
    iv. Account coding, posting and following up trail
12.00

FAMILIARIZATION OF DAILY KEY ACCOUNTING TERMS

  • Grouping of Accounts
  • Distinction with examples between:
    i. Revenue and Cost
    ii. Operating and Capital expenditure
  • Distinction with examples between:
    i. Non-Current, and
    ii. Current Assets
  • Distinction with examples between:
    i. Non-Current Liabilities
    ii. Current Liabilities
  • Know the real meaning of Property, Plant and Equipment
  • Definition of Intangible assets and when can it arise
  • What is Biological assets
  • What is Right of use assets
  • Depreciation, Amortization non-current (fixed) and intangible assets.
  • Asset impairment.
1:00 End of Session 1
Session 2 | 21st November 2020
9:00

DOUBLE ENTRY SYSTEM, COST ACCOUNTING AND MONTH END ADJUSTMENTS

  • Roles and rules of double entry accounting system
  • Chart of Accounts – Mother rule of all postings
  • Various Books of Account – Gen. Ledger, Purchase Ledger, Sales Ledger, Journals, Cash books, Petty Cash Book, Fixed Assets Register, etc.
  • Accounting double entries for Assets, Liabilities, Revenue, Expenditure and Capital.
  • Double entries for non-current (fixed) assets disposals
  • Journal entries for correction of errors.
  • Journal entries for Right of Use Assets under operating lease
  • Calculation of Effective Interest from given flat interest rate.
  • Journal entries for specific SST Accounting
    i. Double entries for deemed supply treatment for Sales and Service Tax under:
    ii. Payback of sales tax exemptions given earlier
    iii. Free goods and services
    iv. Service tax for Imported taxable services
    v. Claiming service tax refund of digital tax incurred for resales.
    vi. Bad debt recovery
    vii. Upon deregistration of taxable service provider
    viii. Withholding tax payment
11.00

MONTH END CLOSING ADJUSTMENTS

  • Journal Double entries for monthly adjustments such as prepayments, accruals and provisions including provision for assets depreciation and amortizations
  • Where necessary – provisions for bad and doubtful debts, provision for stock obsolesces and provision for impairments.
  • Extraction of Trial Balance and Financial Statements for financial performance analysis:
    i. Statement of Income (Profit and Loss Account)
    ii. Statement of Financial Position (Balance Sheet)
    iii. Statement of Cash flow.
  • Cost of Sales calculation
    i. Goods and Materials costing
    ii. Labour cost
    iii. Overhead cost.
1:00 End of Session 2
Session 3 | 28th November 2020
9:00

BANK AND OTHER RECONCILIATION STATEMENTS, PETTY CASH MANAGEMENT AND UNDERSTANDING FINANCIAL STATEMENTS

  • Accounts that need to reconcile:
    i. Every Bank Account
    ii. Every intercompany and related companies account
    iii. Major Creditors account
  • Process of preparing the reconciliation statement
    i. Identified the difference between your record of their accounts and their record of your accounts – their statement of account.
    ii. Investigate the cause of the difference and then:
    ~` Adjust your records (books of account)
    ~ Inform the other party to correct their account if it is their mistake.
  • Bank Reconciliation:
    i. Work out the adjusted cash book balance first
    ii. Then reconcile the difference.
    iii. Starting point – can be from your adjusted cash book balance or from bank statement balance.
10.30

PETTY CASH MANAGEMENT

  • Difference between Cash Book and Petty Cash Book.
  • Imprest system of petty cash management
  • Petty cash record maintenance and payment policy and procedures
  • Petty cash transaction processing
  • Petty Cash reimbursement – when and how?
  • Posting of petty cash records to general ledger
  • Petty cash control and monitoring against abuse and fraud.
12.00

READING AND UNDERSTANDING OF FINANCIAL STATEMENTS

  • Minimum information to be shown in the Financial Statement:
    i. Statement of Profit and Loss
    ~ Expense classification – by function or by nature
    ~ How to identify by a layman
    ii. Other Comprehensive Income
    iii. Statement of Financial Position
    ~ Presentation – Current & Non-Current
    ~ Understand Biological Assets
    ~ Understand what is Right of Use Assets (RUA) from operating lease
    ~ Understand what is Deferred Tax Assets and Deferred Tax Liabilities
    iv. Statement of Cash Flow
    ~ Presentation – Direct or Indirect
    ~ How to identify.
    ~ Breakdown into from Operating, Investing and Financing Activities
    v. Statement of Change in Equity.
  • Various Qualitative information that needs to be shown in the Financial Statement
  • Understand the different Audit Opinions
1:00 End of Session 3
Session 4 | 5th December 2020
9:00

FINANCIAL STATEMENT ANALYSIS AND BUDGETARY CONTROL

  • Horizontal and vertical analysis
  • Application of Accounting ratios to determine:
    i. Profitability (returns on Sales, Assets Invested, Equity, Investments).
    ii. Liquidity and Solvency
    iii. Overtrading – interpretation and its effect on Liquidity and Solvency
    iv. Statutory Requirement for solvency determination under CA2016
    v. Operation Efficiencies
    vi. Company Stability
  • Cash Flow statement Analysis for various cash ratios on cash generating performance.
  • Limitation on the usage or ratios.
11.00

BUDGETARY CONTROL – VARIANCE ANALYSIS BETWEEN ACTUAL AND BUDGET

  • Detail Sales Variance analysis matrix
    i. Price
    ii. Volume – mixed and quantity
  • Detail operating expenses analysis matrix
  • Manufacturing material variance analysis
    iii. Usage and Price
    iv. Mix and Yield
  • Production Labour Variance analysis
    i. Hour usage
    ii. Rate
    iii. Idle time
  • Overhead variance analysis
    v. Usage
    vi. Absorption
  • Variance analysis contribution to business performance.
1:00 End of Session 4