Mastering Advanced Financial Accounting Practices & Procedures

21-22 Nov, 2018, Kuala Lumpur

FOCUSING ON
  • Introduction To Malaysian Approved Accounting Standards
  • Accounting Profit
  • Concepts Of Revenue Recognition
  • Presentation Of Income Statement
  • Non Current Assets, Depreciation, Revaluation And Impairment
  • Accounting For Inventories
  • Cash Flow Statements
  • Analysis And Interpretation Of Financial Statements
INTRODUCTION

As the competition in the business world gets intensified, the accounting functions of a business becomes more important in creating a competitive advantage for the business in providing accurate and timely information for decision making. However, in order to be able to accomplish this objective, the accounting personnel must be well verse with the current and in-depth accounting practices and the procedures.

 

This two-day course aims to assist the participants to expose themselves to various important and current financial accounting standards. The participants will acquire better understanding of the Malaysian accounting practices and procedures in performing their daily functions.

WHO SHOULD ATTEND
  • Accounts Supervisors
  • Finance Officers
  • Accounts Executives
  • Finance Managers
  • Accountants
METHODOLOGY
  • Interactive lectures
  • Interactive discussion on all relevant aspects of company accounts and financial statements
  • Practical exercises on all relevant aspects of company accounts and financial statements
  • Case studies
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Understanding advanced financial accounting practices and procedures.
  2. Understanding relevant issues and concepts in financial reporting.
  3. Understanding relevant concepts in financial accounting.
  4. Understanding accounting practices for closing inventories.
  5. Preparing financial statements in accordance with MASB Standards.
  6. Preparing cash flow statements.
  7. Performing analysis and interpretation of financial statements.
 
DAY 1
9:00 INTRODUCTION TO MALAYSIAN APPROVED ACCOUNTING STANDARDS
  • Statutory regulations on Financial Accounting and Reporting
  • Development of MASB Standards
10:45 ACCOUNTING PROFIT
  • The meaning and measurement of accounting profit
  • Requirements of statutes and accounting standards
1:00 Lunch

2:00 CONCEPTS OF REVENUE RECOGNITION
  • MMFRS118 Revenue
  • Measurement of revenue
  • Timing of revenue recognition
  • Recognition of sale of goods
  • Recognition of service revenue
  • Recognition of interest income
  • Recognition of royalties
  • Recognition of dividends
3:45 PRESENTATION OF INCOME STATEMENT
  • MFRS101 Presentation of Financial Statements
  • Nature of expense method
  • Function of expense (cost of sales) method
  • Correction of errors
  • Changes in accounting estimates
  • Changes in accounting policies
5:00 End Of Day 1
DAY 2
9:00 NON CURRENT ASSETS, DEPRECIATION, REVALUATION AND IMPAIRMENT
  • MFRS116 Property, Plant and Equipment
  • Recognition of property, plant and equipment
  • Depreciation
  • Review of useful life and depreciation method
  • Recoverability of carrying amount
  • Retirements and disposals
  • Revaluation of fixed assets
10:45 ACCOUNTING FOR INVENTORIES
  • Requirements of statutes and accounting standards
  • MFRS102 Inventories
  • Measurement methods under Historical Cost Convention
  • Basis of stock valuation
1:00 Lunch

2:00 CASH FLOW STATEMENTS
  • MFRS107 Statement of Cash Flows
  • Presentation of Cash Flow Statement
  • Operating activities
  • Investing activities
  • Financing activities
3:45 ANALYSIS AND INTERPRETATION OF FINANCIAL STATEMENTS
  • Income statement
  • Balance sheet
  • Cash flows statement
  • Ratios analysis
5:00 End Of Course


 

LEARN FROM THE BEST

WENDY TEE LEAP SING has over fiftee 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

Vistana Kuala Lumpur
9 Jalan Lumut Off Jalan Ipoh
50400 Kuala Lumpur

Phone :03 4042 8000

 

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