A Practical Approach to Handling a Full Set of Accounts

30-31 May, 2022, Remote Online Training - Public

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HARI RAMULU MUNUSAMY is a Chartered Certified Accountant, with wide experience in audit private practice and in financial/management/public sector accounting, auditing and taxation educational process, having been in the profession and industry since October 1974.

 

He started his career with Messrs F. H. Eiles & Co., a firm of Chartered Accountants in London as an Audit Assistant in October 1976. Subsequently, he continued his career as an Audit Supervisor with Messrs Coopers & Lybrand (now known as PricewaterhouseCoopers), Kuantan in May 1984. In January 1986 he joined Messrs Senthe & Co (a firm of Chartered Accountants in private practice in Petaling Jaya), as an Audit Manager, till December 2006. He had also worked as a group accountant for FARMCO Sdn. Bhd. He had also lectured at various institutions of higher learning, as a part-time and full-time lecturer.

 

Over the years, he gained knowledge, experience, skills and expertise in accounting, auditing and taxation related services including tax investigation, forensic accounting and company valuation and floatation.

 

Between 1993 and 2006, he had conducted seminars and courses in financial accounting, internal auditing, external auditing, and taxation to practitioners and
general public. Notable and worthy of mention are taxation seminars for Permodalan Nasional Berhad (PNB), auditing for FELDA, forensic accounting for ROYAL CUSTOMS MALAYSIA, and executive accounting and financial statements analysis course for Pahang ADUNs through Yayasan Pahang. He was the unofficial Consultant to the State Secretary and Chief Minister of Pahang from 1997 to 2000.

 

He is deemed to be a prolific speaker/presenter with excellent commendations from participants, at seminars, workshops, conferences. He has several public appearances relating to taxation, costing, budgeting, financial statements analysis, accounting standards, preparation of financial statements, financial statements fraud, forensic accounting, GST (pre and post implementation), Sales Tax 2018 and Service Tax 2018.

 

Professionally, he is a Fellow member of the Association of Chartered Certified Accountants of UK, a Chartered Accountant of the Malaysian Institute of Accountants, an Associate member of the Malaysian Chartered Institute of Taxation, a Chartered member of the Institute of Internal Auditors of Malaysia (affiliate of USA), an Associate member of the Association of Certified Fraud Examiners of USA, an Associate member of MACFE, member of MATPRO, member of IMA, a member of MAPS, a member of MAPTaC, and a member of Malaysian Institute of Management.

 

His academic qualifications are Diploma in Accountancy (Newcastle-Upon-Tyne, England), and Master of Business Administration (Accounting) from University of Newcastle, USA.

Venue Details

Remote Online Training - Public

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

OVERVIEW

A full set of Accounts or Financial Statements for Enterprises & Companies comprise of:
[1] the Statement of Comprehensive Income,
[2] the Statement of Financial Position,
[3] the Statement of Cash Flow,
[4] the Statement of Changes in Equity, and
[5] the Explanatory Notes.

These must be prepared and presented under the Companies Act 2016 and in accordance with Malaysian Financial Reporting Standards (MFRS). Companies prepare financial statements for internal and external [publication] use.

This course will discuss the recording, measurement, recognition, preparation, presentation and disclosure of the financial statements for both purposes/uses, for single entity medium and small companies [excluding group structures].

WHO SHOULD ATTEND
Senior and Junior Accounting Executives involved in the accounting process of data input, processing and output stages, also for Managers, Directors.
METHODOLOGY
Interactive Lectures, Slides Presentation, Exercises, Case Studies, Participants Interaction
DAY 1
9:00

MODULE 1: PURPOSE OF ACCOUNTING

  • Concepts & Principles
  • Characteristics of full set of Accounts/ Financial Statements
  • Identify Assets, Liabilities, Equity, Revenue, Expenses
  • Simple full set of Accounts


10.45

MODULE 2: ACCOUNTING PROCESS SYSTEM

  • Accounting Process, Economic Events & Transactions
  • Double Entry System
  • Trial Balance
  • Errors in Recording

 

1:00 Lunch
2:00

MODULE 3 & 4

  • Preparation & Presentation of Full Set of Accounts [for Internal Use], without adjustments
  • Statement of Comprehensive Income [SOCI, formerly known as Trading & Profit & Loss Account]
  • Statement of Financial Position [SOFP, formerly known as Balance Sheet]
  • Shareholders’ Equity [Share Capital and Reserves]

 

5:00 End of Course
DAY 2
9:00

MODULE 1:PREPARATION & PRESENTATION OF FULL SET OF ACCOUNTS [FOR PUBLICATION] WITH ADJUSTMENTS

  • Closing Stock
  • Accruals
  • Prepayments
  • Unearned Revenue
  • Doubtful Debts
  • Bad Debts
  • Depreciation


10.45

MODULE 2: ACCRUALS BASIS OF ACCOUNTING

  • Cash Journal
  • Petty Cash Journal
  • Sales Journal
  • Purchases Journal
  • General Journal

 

1:00 Lunch
2:00

MODULE 3: PREPARATION & PRESENTATION OF FULL SET OF ACCOUNTS [FOR INTERNAL USE], FOR A SDN BHD

3:45

MODULE 4: QUESTION & ANSWERS

5:00 End of Course