Sharpening Financial and Costing Performance Analysis

17-18 Jul, 2023, Pullman Kuala Lumpur Bangsar

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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, 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.

Venue Details

Pullman Kuala Lumpur Bangsar
No 1 Jalan Pantai Jaya, Tower 3, 59200 KUALA LUMPUR,
Phone : 0 3-2298 1888
Fax : 0 3-2298 1999

https://all.accor.com/hotel/7962 /index.en.shtml

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
  • Understand And Comprehend The Components In
    An Audited Financial Statements.
  • Analyze, Understand And Interpret The
    Financial Statement Using Trend And Ratios, And Its
    Indication On The Health Of The Organization.
  • Horizontal And Vertical Analysis
  • Investment / Capital Expenditure Evaluations
  • Market Analysis
  • Budget Fundamentals
  • Cost Fundamentals In Costing And Budgeting
  • Cost Accounting For Indirect Cost Or Overheads
  • Standard Costing
  • Budgetary Control And Variance Analysis
OVERVIEW

Accounting, Finance, Budgeting and Costing have always been recognized as very key functions in any organization and to all stakeholders.

Analyzing and Interpreting such information as reported in the financial statement generated from the Accounting System in comparison with your Budget or Standards can help managers to make a more informed and effective decisions to minimize the organization’s risk and increase their Financial Performance through more effective corrective actions. It will also inculcate Responsibility Accounting throughout the management team.

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

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Illustrate understanding of the various financial terms used in the Financial Statements.
  2. Compute various Accounting & Cash Flow ratios and Budgetary & Cost Variances analysis.
  3. Calibrate the analyzed ratios and variances for investigations and taking of corrective actions.
  4. Report monthly follow up actions and its outcome to inculcate Responsibility Accounting culture.
WHO SHOULD ATTEND
  • Directors, CEO, COO, CFO
  • Financial Controllers and Accountants,
  • Consultants, Auditors and Company Secretaries,
  • Accounting and Costing Executives, Supervisors and Assistances
  • Any other personnel who are involved in the company’s Accounting, Budgeting and Costing matters or are interested in learning about Financial Ratio Analysis, Budgetary Control and Variance Analysis.
METHODOLOGY
  • Interactive lectures
  • Participative and active discussions
  • Hands on exercise and assignments, and
  • Free flow of questions and answers. 
Day 1
9:00

UNDERSTAND AND COMPREHEND THE COMPONENTS IN AN AUDITED FINANCIAL STATEMENTS.

  • Introduction:
    - What is a Financial Statement and what does it consist of?
    - Why and when is it prepared?
    - It is important to stakeholders and who are they?
  • Understanding its Quantitative Information in:
    - Statement of Comprehensive Income
    - The importance of Other Comprehensive Income
    - Financial Position statement (balance sheet)
    - Statement of Cash Flow
    - Statement of Change in Equity
    - Notes to Financial Statement
    - Basis of the preparation of the Financial Statement
    - Significant Accounting Policies
    - Applicable Accounting Standards
    - Supporting information to the Quantitative Financial Statement.
  • Understand its Qualitative Information of the Financial Statement
    - Directors Report
    - Directors Statement
    - Statutory Declaration
    - Independent Auditors Report of Different Type


10.45

ANALYZE, UNDERSTAND AND INTERPRET THE FINANCIAL STATEMENT USING TREND AND RATIOS, AND ITS INDICATION ON THE HEALTH OF THE ORGANIZATION. HORIZONTAL AND VERTICAL ANALYSIS INCLUDES

  • Trending
  • Profitability ratio
  • Dupont Analysis of ROE
  • Liquidity ratio
  • Over trading ratio and index.
  • Efficiencies ratios and indexes
  • Stability index
  • Other Comprehensive Income ratio
  • Key Cash Ratios 

 

1:00 Lunch
2:00

INVESTMENT / CAPITAL EXPENDITURE EVALUATIONS:

  • Present and Future value of money
  • DCF / NPV / Internal Rate of Return
  • Payback period

 

 

MARKET ANALYSIS

  • Earnings per share
  • PE Ratio and earnings multiples
  • Dividend payout ratio
  • Dividend yield.

 

5:00 End of Day 1
Day 2
9:00

BUDGET FUNDAMENTALS

  • Budget as a Standard and target
  • Framework and model of Budgeting
  • Assumptions development
  • Types of budgets and basis of budgeting

 


 

COST FUNDAMENTALS IN COSTING AND BUDGETING

  • Costing Basis and Costing Methods
  • Cost Classifications and the understanding of them.
    - Direct and Indirect Cost
    - Variable and Fixed Cost
    - Prime Cost, Conversion Cost and Landed Cost
    - Difference between direct, indirect and operating overheads
    - Product / Service Cost
  • Product / Service production valuation
    - Indirect Overhead apportionment concept.
    - Indirect Overhead absorption concept
    - Production, Operating and Abnormal Cost.

 

10.45

COST ACCOUNTING FOR INDIRECT COST OR OVERHEADS

  • Apportionment and Absorption method to products / Services
  • Basis of absorption
  • Treatment of over and under absorption cost in the accounts

 

1:00 Lunch
2:00

STANDARD COSTING 

  • What is Standard Costing?
  • Suitability of using Standard Costing System.
  • Setting of standards – basic, current, attainable, ideal.
  • Standard Cost and Hours
  • Abnormal loss of material and idle time.
  • Standard Costing in Service Industries

 

3:45

BUDGETARY CONTROL AND VARIANCE ANALYSIS

  • Sales Variance
    - Price Variance
    - Volume Variance
    - Price mix variance
    - Volume mix variance
  • Operating Expenditure Variance
    - Efficiencies Variance
  • Material Variance
    - Quantity variance
    - Price Variance
    - Mix variance
    - Yield variance
  • Labor Variance
    - Rate variance
    - Efficiencies variance
    - Idle time.
  • Direct Overhead Variance
    - Expenditure Variance
    - Efficiencies Variance
  • Indirect Overhead Variance
    - Efficiencies Variance
  • Disposing Of Variances
  • Causes Of Variances
  • Interdependency Of Variances
  • Responsibility Accounting

 

5:00 End of Course