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E-Invoice, Full Set of Accounts & Corporate Tax

12-13 Dec, 2024, CONCORDE HOTEL KUALA LUMPUR

IPA Training is Registered with

Venue Details

CONCORDE HOTEL KUALA LUMPUR
2 Jalan Sultan Ismail, 50250, Kuala Lumpur, Malaysia,

https://kualalumpur.concorde hotelsresorts.com/


Phone : +603 2144 2200

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
  • E-Invoicing Accounting
    • Module 1: Recording and Analysing Business Transactions
    • Module 2: Issues Raised (Part 1)
    • Module 3: Issues Raised (Part 2)
    • Module 4: Implementing E-Invoicing
    • Module 5: E-Invoicing System application
    • Module 6: P&L Reconciliation - E-Invoicing
  • Corporate Tax
    • Module 7: Income Tax Computation
    • Module 8: Tax Incentives - Promotion of Investment Act
    • Module 9: Corporate Tax Planning Strategies
    • Module 10: Cash Flow Planning using AI Solver (Multiple Strategies)

SPECIAL FEATURE: Participants Will Receive a Set of Practical Templates suitable for all sectors.

OBJECTIVES
The primary goal of this course is to help professionals understand how full set of accounts are applying with AR E-Invoicing and Consolidated E-Invoicing & Self-Billed AP and also to understand & strengthen the Corporate Tax Computation & Planning.
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Understanding the Overview of the E-Invoice Model.
  2. Developing skills to handle E-Invoice under different scenarios.
  3. Gaining guidance on actions to be taken to capture Revenue and Cost for your business operation and
    for Tax Deduction purposes.
  4. Understanding the principles in computation of Corporate Tax.
  5. Updating on Tax Deductions (allowance vs non- allowance expenses).
  6. Gaining guidance on Corporate Tax Planning.
  7. Understanding Cash flow Planning using AI Solver (Multiple Strategies).
  8. Understanding the principles in computation of Deferred Tax.
  9. Applying Tax Planning using What-If analysis tool.
WHO SHOULD ATTEND
Accounts Executive, Senior Account Executives, Supervisors, Account Assistants and all Professionals who are interested in E-Invoice Full Set of Accounts & Corporate Tax.
METHODOLOGY

Interactive Lectures, Case Studies & Group Discussion.

Special Feature: Participants Will Receive a Set of Practical Templates suitable for all sectors. These templates:
• Ease in planning, reporting & decision-making process
• Snapshot of overall issues & problem

DAY 1
 

E-INVOICING ACCOUNTING

9:00

MODULE 1: 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
10.45

MODULE 2: ISSUES RAISED (PART 1)

  • Disbursement or Reimbursement
  • Employment Perquisites and Benefits
  • Certain Expenses incurred by Employee on behalf of the Employer
  • Self-Billed E-Invoice
  • Parties of Self-Billed E-Invoice
  • Transactions which involve payments in Monetary Form to Agents, Dealers or Distributors.
  • Cross Border Transactions
  • Profit Distribution (e.g. Dividend Distribution)
  • Consolidated E-Invoice
  • Buyer’s Details in Consolidated E-Invoice
12.00

MODULE 3: ISSUES RAISED (PART 2)

  • Proforma Deposit
  • 72 hrs Dateline
  • Collecting Information from Suppliers & Customers
  • CN, Trade Discount, Free Sample
  • Transition Period
  • P&L Reconciliation
  • Refund Note
  • Delivery vs Billing
  • Bad debts
  • Intercompany Transactions
  • Construction
  • Migrant workers
  • Directors
1:00 Lunch
2:00

MODULE 4: IMPLEMENTING E-INVOICING

  • Listing down your common claims submitted
  • Listed down all entities within your group & identify the implementation date
  • Draw your current workflow and timeline of issuing Invoice
  • How E-Invoicing impact on current workflow
  • Listing down all types of your current invoicing transactions whether E-Invoice is required
  • Listing down all types of your current payment whether E-Invoice is required
  • Challenges you may face in the implementation of invoices and how you resolve them.
3:45

MODULE 5: E INVOICING SYSTEM APPLICATION

  • MyInvois E-Invoicing
  • Consolidated E-Invoicing
  • Self-Billed AP
  • Self-Billed others
 

MODULE 6: P&L RECONCILIATION – E INVOICING

  • Sales
  • Cost of Sales
  • GP
  • Operational Cost
  • Profit before Tax
5:00 End of Day 1
DAY 2
 

CORPORATE TAX

9:00

MODULE 7: INCOME TAX COMPUTATION

  • Non-Business Income
  • Allowable Expenses
  • Non-Allowable Expenses
  • Special Deduction
  • Double Deduction
  • Balancing Charge & Allowance
  • Unabsorbed Capital allowance b/f
  • Current Capital Allowance
  • Unabsorbed Previous Business Loss b/f
  • Approved Donation
10.45

MODULE 8: TAX INCENTIVES -PROMOTION OF INVESTMENT ACT

  • Qualifying Industry & Qualifying Capital Expenditure. (MIDA)
  • Tax Incentives
    - Pioneer Status
    - Investment Tax Allowance
    - Reinvestment Allowance
1:00 Lunch
2:00

MODULE 9: CORPORATE TAX PLANNING STRATEGIES

  • Use Business Tools Of What If Analysis - Goal Seek To Manage Tax Planning.
  • General Tax Planning
    - Capex
    - Review Opex
    - Invest R&D
    - Inventory Write Off
3:45

MODULE 10: CASH FLOW PLANNING USING AI SOLVER (MULTIPLE STRATEGIES)

  • Collect more
  • More Sales
  • Reduce Expenses (Cost Of Sales & Opex)
  • Change Term Of Payments
  • Inject Capital
  • Borrow more
  • Review Capex
5:00 End of Course