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Maintaining A Full Set of Accounts, Withholding Tax & Corporate Tax

25-26 Mar, 2021, Webinar Classroom Training

IPA Training is Registered with

Venue Details

Webinar Classroom Training


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
  • Module 1: Understanding Accounting Terms
  • Module 2: Managing P&L & Cash Flow (Simulation Exercise)
  • Module 3: Recording And Analysing Business Transactions
  • Module 4: Accounts Receivable (AR) & Accounts Payable (AP)
  • Module 5: Adjusting Accounts And Preparing Financial Statements
  • Module 6: Preparation Of Final Accounts
  • Module 7: Cash Flow Statement
  • Module 8: Financial Ratios Analysis
  • Module 9: Withholding Tax
  • Module 10: Understanding Tax

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

    INSTITUTE OF PROFESSIONAL ADVANCEMENT IPA as a professional body is dedicated to continuing education, training and development of all success-driven organizations and individuals. Certificate of Completion with 14 hours CPD points will be awarded upon completion.
OBJECTIVES

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 of 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.

COURSE LEARNING OUTCOMES (CLO)
  1. Report 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.
  2. Classify how to read Profit & Loss Statement
  3. Distinguish Profit and Loss Statement to evaluate performance
  4. Perform Managing Account Payables & Account Receivable
  5. Follow Corporate Tax Computation
  6. Understanding the relationship between cash flow statement and balance sheet
  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. Knowing how will the Withholding Tax Changes Affect My Business?
WHO SHOULD ATTEND
Accounts Executive, Senior Account Executives, Supervisors, Accounts Assistants and all Professionals who are interested in Accounting.
METHODOLOGY

Interactive Lectures, Case Studies & Group Discussions.


Special Feature: Participants Will Receive a Set of Practical Templates suitable for all sectors. These templates;4

  • Ease in planning, reporting & decision making process
  • Snapshot of overall issues & problem
  • Financial modeling using goal seek strategies for cash flow, profit, sales target, budgeting & working capital requirements.
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
10.45

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
12.00

MODULE 3: 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 4: 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 5: 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 Course
DAY 2
9:00

MODULE 6: 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 7: 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
12.00

MODULE 8: 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
1:00 Lunch
2:00

MODULE 9: WITHHOLDING TAX

  • How Will the Withholding Tax Changes Affect My Business?
  • Withholding tax case study
3:45

MODULE 10: UNDERSTANDING TAX

  • Income tax computation
  • Non allowable deduction
  • Special deduction
  • Double deduction
  • Capital allowance
  • Approved Donation
  • Tax rate
5:00 End of Course