Maintaining A Full Set of Accounts & Corporate Taxes

14-15 Dec, 2020, Webinar Classroom Training

IPA Training is Registered with

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 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

Webinar Classroom Training

Contact us

Juliany,
M - 012 2281 247
juliany@ipa.com.my

Michelle,
M - 019 363 7822
michelle@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Yvonne,
M - 012 201 1247
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

FOCUSING ON
  • Module 1: Understanding Finance & Costing Terminology
  • Module 2: Managing P&L & Cash Flow (Simulation exercise)
  • Module 3: Preparation of Final Accounts
  • Module 4: Cash Flow Statement
  • Module 5: Financial Ratios Analysis
  • Module 6: Understanding Tax
  • SPECIAL FEATURE: Participants Will Receive a Set of Practical Excel Templates suitable for all sectors.
OBJECTIVE

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.

 

Participants are required to prepare a full set of accounts i.e. preparation of journals, posting to ledger, preparation of trial balance, preparation month-end adjustments, preparation of income statement and balance sheet. Real-current accounting cases will be analyzed, and scenario solutions will be discussed in the course.

Testimonials from Past Participants
  • “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
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 month-end adjustments, preparation income statement and balance sheet.
  2. Knowing how to read a balance sheet.
  3. Knowing how to read Profit & Loss Statement.
  4. Using Profit and Loss Statement to evaluate performance.
  5. Understanding the relationship between cash flow statement and balance sheet.
  6. Understanding Corporate Tax Computation.
WHO SHOULD ATTEND
Accounts Executive, Senior Accounts Executives, Supervisors, Accounts Assistants and All Professionals who are interested in Accounting.
METHODOLOGY

Interactive Lectures, Case Studies & Group Discussions.

DAY 1
9:00

MODULE 1: UNDERSTANDING FINANCE & COSTING TERMINOLOGY

  • Recognition of Revenue & Recognition of Cost of Sales
  • Cost of Sales vs OPEX
  • When Inventory should be charged out to P&L
  • Components for GP, EBITDA, OPEX, PBT, PAT
  • Criteria to recognise an item as Capex & when depreciation will commence
10.30

MODULE 2: 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
11.30

MODULE 3: 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
12.30

End of Day 1

DAY 2
9:00

MODULE 4: CASH FLOW STATEMENT

  • Lifeblood of business – Cash Flow Statement
  • Relationship between cash flow statement and balance sheet
  • 3 streams of cash flow, Operating, Investing & Financing
  • How to determine financial health from cash flow pattern
  • Determining if the company is using internal cash flow to finance growth or relying on external financing
10.30

MODULE 5: 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
11.30

MODULE 6: UNDERSTANDING TAX

  • Income tax computation
  • Non allowable deduction
  • Special deduction
  • Double deduction
  • Capital allowance
  • Approved Donation
  • Tax rate
12.30

End of Course