Basic Accounting Principles, Practices & Procedures

17-18 Oct, 2018, Kuala Lumpur

FOCUSING ON
  • Introduction to Accounting
  • General Rules of Accounting
  • Accounting Basics
  • Recording Process
  • Adjusting the Account
  • Complete the Accounting Cycle
  • Drawing Up the Final Accounts and Financial Statements
  • Preparing the Income Statement
  • Preparing the Balance Sheet
  • Accounting for Fixed Assets
  • Preparing of Cash Flow Statement
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Providing a basic and sound understanding of business accounting and their applications in the workplace.
  2. Getting an overview of the entire accounting system and understanding of how transactions are sorted, classified and categorized into meaningful financial information.
  3. Learning how to prepare the final accounts – Balance Sheet and Income Statement.
  4. Understanding and being able to utilize accounting information in daily works & improving effectiveness and efficiency.
  5. Interacting well with the accounts or finance department to enhance cooperation and to secure their support in achieving departmental objectives.
WHO SHOULD ATTEND
  • Accounts Clerks
  • Accounts Assistants
  • Accounts Supervisors
  • Office Administrators
  • Non-Financial Executives
  • Secretaries
  • Level of Executives and above
METHODOLOGY
  • Interactive lectures
  • Interactive activities
  • Group & Individual exercises
  • Group discussions
  • Case studies
DAY 1
9:00 INRODUCTION TO ACCOUNTING
  • Understanding Accounting and Book Keeping
  • The needs and uses of accounting
  • Decision making and accounting
  • Importance Of Accounting To Business
  • Users And Uses Of Accounting Data
  • Principles, Assumptions And Convention
  • Accounting Equation
10.45 GENERAL RULES OF ACCOUNTING
  • Receipt And Payment
  • Revenue And Expenses
  • Rules Of Double Entry
  • Fixed Assets And Current Assets
  • Work In Progress
  • Current Liabilities
12.00 ACCOUNTING BASICS
  • An overview of the accounting system
  • The Accounting Equation – Debit & Credit
  • Accounting documentation and records keeping
  • Accounts, classification & recording
  • System of check and balances
1:00 Lunch

2.00 RECORDING PROCESS
  • Steps In Recording
  • Chart Of Journal
  • Ledger
  • Posting
  • How To Extract A Trial Balance
3.45 ADJUSTING THE ACCOUNT
  • Adjusting For Prepayment And Accrual
  • Provision Of Bad Debt And Bad Debt
  • Journalizing And Posting The Adjustment
  COMPLETE THE ACCOUNTING CYCLE
  • Closing The Book
  • Presentation Of Data
5:00 End Of Day 1
DAY 2
9:00 DRAWING UP THE FINAL ACCOUNTS AND FINANCIAL STATEMENTS
  • Income Statement
  • Balance Sheet
  • Cash flow statement
10.45 PREPARING THE INCOME STATEMENT
  • Revenue
  • Cost of goods sold
  • Gross Profit
  • Expenses
  • Net profit
12.00 PREPARING THE BALANCE SHEET
  • The Accounting Equation
  • Double-Entry Accounting
  • Types of Assets
  • Types of Liabilities
  • Equity
1:00 Lunch

2.00 ACCOUNTING FOR FIXED ASSETS
  • Method Of Depreciation
  • Depreciation Computation
  • Accounting Entries For Depreciation Charges
  • Revaluation Of Assets
  • Disposal Of Assets
3.45 PREPARING OF CASH FLOW
  • Advantages Of Cash Flow Statement
  • Definition Of Term
  • Direct Methods Vs. Indirect Methods
  • Operating, investing and finance activities
5:00 End Of Course

 

LEARN FROM THE BEST

WENDY TEE LEAP SING has over 17 years of experience in senior management and human resources positions for diversified industrial and business environments. Graduated with a Master of Business Administration (UM), Master of Information Technology (UM), Certified Financial Planner (CFP), Certified Business coach (UM) , Registered Financial Planner (RFP), Certified Trainer (PSMB) and Certified Advance Human Resource Practitioner (MIHRM), she has undergone intensive academic training in various human development and knowledge improvement. Wendy is a member of the Malaysia Financial Planning Council (MFPC) as well as a Security Commission licensed financial planner with VKA Wealth Planners

 

Wendy is actively involved in management consultancy, management training and research. Her latest responsibility involves the business coaching, financial training, management consultancy, management and Financial lecturing of UK Degree programs for New Era University College. She has experience managing training programs cover from local universities, in house training and public seminar training, from designing training needs assessment, developing training materials, monitoring and tracking of training programs successfulness and implementing training evaluation. Having been trained as a qualified trainer, her skill and knowledge has been enhanced in operations effectives, fitness analysis, gap analysis and needs assessments. For the past ten years she has been involved in lecturing and training in Financial Accounting and Reporting Skills, Personal Financial Planning, Corporate Financial Management, Practical Budgeting & Cost Reduction Technique, Mastering Company Accounts for Financial Statement Analysis, Balance Scorecard linked with Performance Management, Training Need and Analysis, Payroll Administration Techniques and Setting Departmental Key Performance Indicators (KPIs) and Understanding Malaysia Employment act 1955 ( Act 265), EPF act 1991 and Socso Act 1967.

 

Wendy is also a Human Resource consultant and certified trainer now appointed from Pembangunan Sumber Manuasia Berhad (PSMB), National Human Resources Centre (NHRC) and Malaysian Institute of Human Resource Management (MIHRM), providing comprehensive and independent Human Resource advisory to clients. In addition to consulting with and servicing clients, she is responsible for HR training, coaching & advisory for the company. In the area of Human Resource Management, Wendy focuses on Strategic Talent Management, Training and Development Management, Performance Management, Payroll Management and Setting Departmental & Inter Departmental Key performance Indicators (KPIs). Wendy is now pursuing her Doctor of Business Administration (DBA) from Universiti Utara Malaysia (UUM).

 

Wendy completed and passed her GST exams organized by Chartered Tax Institute of Malaysia (CTIM) with the cooperation and support from of the Royal Malaysian Customs Department (RMC). She is currently advising more than 50 SME companies in Malaysia for getting ready on the implementation of GST, mainly dealing with the tax authorities over various GST issues, elements and scope of GST, cycle and operations, rulings, registration, administration, audit and investigations on behalf of her clients.

 

VENUE DETAILS

Furama Hotel Kuala Lumpur
136, Jalan Changkat Thambi Dollah
55100 Kuala Lumpur

Phone :03-2788 8888

 

IPA TRAINING IS REGISTERED WITH

 

CONTACT US

Juliany, 
O - 03 2283 6109,
M - 019 3134436
juliany@ipa.com.my 

Michelle, 
O - 03 2283 6100, 
M - 019 363 7822
michelle@ipa.com.my 

For Customised In-House Training
Yvonne,
O - 03 2283 6101, 
M - 012 2011247,

F - 03 2283 6108
 
yvonne@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