(MC) Spotting Key Red Flags In Financial Statements

18 Oct, 2022, Remote Online Training - Public

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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 Budgeting & Cashflow Planning; GST; SST; Practical Accounting for Accounting Staffs; Reading, Analysing 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.

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

FOCUSING ON
  • Understanding And Comprehending The Components In Audited Financial Statements.
    - Understanding its Quantitative Information
    -Understanding its Qualitative Information of the Financial Statement
  • Understanding And Hands-On Exercise On Analysis And Interpretation The Financial Statement.
  • Identification Red Flags From The Financial Analysis.
OBJECTIVE

Accounting & Finance has always been recognized as a very key function in any organization and to all stakeholders.

Understanding the financial information reported in the financial statement generated from the accounting records can help managers to make a more informed and effective decisions to minimize the organization’s credit risk and increase their organizational performance through more effective corrective actions.

Hence knowing how to read, analyse, interpret and understand the various accounting & financial terms and language and its interpretation is inseparable from the day-to-day management of business performances.

COURSE LEARNING OUTCOMES (CLO)
  1. Explain the various finance terms used in the Financial Statements
  2. Respond the various accounting, cash flow and market analysis ratios to facilitate decision making
  3. Comprehend the present and future value of money, calculate of investment payback period and IRR
  4. Explain the financial performance of the organization from its ratio analysis
  5. Report the Red flags identify from the financial statement analysis
WHO SHOULD ATTEND
  • Directors, Company Secretaries, Managers, Executives and those who wish to develop their understanding on financial analysis
  • Sales Managers, Procurement Managers and Executives who have to evaluate the financial stability of the customers and suppliers.
  • Non-Accounting Managers and Executives who need to grasp the managerial aspects of accounting & finance for corporate effectiveness.
METHODOLOGY
  • Interactive Lectures
  • Participative and active group discussions and hands-on exercises.
COURSE CONTENT
9:00

UNDERSTAND AND COMPREHEND THE COMPONENTS IN AUDITED FINANCIAL STATEMENTS
a. Introduction:

  • What is Financial Statement and what does it consist of?
  • Why and when is it prepared?
  • Its importance to stakeholders and who are they?



10.45

b. Understanding its Quantitative Information in:

  • Statement of Total Comprehensive Income:
    - Statement of profit and loss
    - Statement of Other Comprehensive Income
  • Financial Position statement (balance sheet)
    - Differentiation of:
    Non-Current and Current Assets,
    - Valuation model for Assets
    - What are Biological Assets?
    - What is Right of Use Assets and how did it arise?
    - What are Intangible assets?
    - Asset Impairment Test.
    - Different level of fair value.
    Non-Current and Current Liabilities
  • Statement of Cash Flow:
    - Different method of preparation
    - How to read the sections
  • Adjustment section – why the adjustment
  • Cash flow from Operating Activities – examples operating activities
  • Cash flow from Investing Activities – examples of investing activities
  • Cash flow from Financing Activities – examples of financing activities
  • Differentiation of interest between operating, investing and financing activities.
  • Statement of Change in Equity
  • Notes content in the Financial Statement
    - Basis of the preparation of the Financial Statement
    - Significant Accounting Policies
    - Applicable Accounting Standards
    - Supporting information to the Quantitative Financial Statement.

 

 

c. Understand its Qualitative Information of the Financial Statement

  • Directors Report
  • Directors Statement
  • Statutory Declaration
  • Understand the different types of audit opinion.

 

1:00 Lunch
2:00

UNDERSTAND AND HANDS EXERCISE ON ANALYSIS AND INTERPRETATION THE FINANCIAL STATEMENT.

  • Profitability – sales growth, return from sales, assets, capital employed, equity invested, etc.
  • Liquidity
  • Over trading – its meaning and how to calculate
  • Efficiencies
  • Stability
  • Dupont Analysis.
  • Cash flow sufficiency ratios
  • Market analysis

 

3:45

IDENTIFICATION RED FLAGS FROM THE FINANCIAL ANALYSIS

  • Group Discussions

 

5:00 End of Course