Corporate Financial & Managerial Accounting

20-21 Apr, 2020, Kuala Lumpur

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Learn from the Best

WENDY TEE LEAP SING has over fifteen 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

AC Hotel Kuala Lumpur Titiwangsa (Formerly known as Vistana Kuala Lumpur)
9 Jalan Lumut off Jalan Ipoh Kuala, Lumpur 50400 Malaysia,
Phone : 03-4042 8000
Fax : 03-4042 8000

Click For Hotel Location

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

FOCUSING ON
  • Comprehemsion Financial Statements
  • Classsification Of Revenues, Expenses and Cost Centres
  • Cost Structure and Behaviour
  • Classify Assets, Liabilities & Equity
  • Financial Ratios Analysis
  • Statement of Cash Flow
  • Preparing A Financial Budget for Business Organization
INTRODUCTION
This course is specially designed for personnel from the manufacturing industry, business managers, executives and non-financial personnel in the business sector will get a firm grasp of the numbers side of the business. The primary aim is to help them build their financial knowledge deeper, they will uncover management accounting tools and develop their ability to analyze financial reports and build a cost management mindset to help them lead a manufacturing company successfully in the highly competitive globalized business arena. The content is also designed to facilitate managers, executives and non-financial personnel to effectively apply financial management knowledge in the day to day running in the organization, assisting them to make better decision using management accounting tools and techniques in a manufacturing environment.
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Reading and interpreting any financial statements confidently.
  2. Applying financial tools and techniques to measure and evaluate business performance including those of competitors.
  3. Identifying the various uses of financial statements.
  4. Being able to understand how financial statements are used to assess company performance.
  5. Being able to understand the basic cost concepts used in business.
  6. Appreciating management tools like standard costing as part of costs control and how it is incorporated in budgets.
  7. Being able to understand variance analysis concepts (materials, labor and overheads/machine) & responsibility accounting.
  8. Calculating break-even point and target profits using CVP analysis.
  9. Appreciating standard costing as a cost control tool.
  10. Learning how to costs control in each area of responsibility.
WHO SHOULD ATTEND
  • Designed for non-financial managers and executives in every functional area, be it from Engineering, Production, Purchasing, Quality Assurance, and other departments who needs to develop a sound understanding of cost/ management accounting and know how it relates to corporate planning as well as to their own functional areas.
  • Level for Executive and manager above
METHODOLOGY
  • Interactive lectures
  • Interactive activities
  • Group & Individual exercises
  • Group discussions
  • Case studies
DAY 1
9:00

MODULE 1 : COMPREHENSION FINANCIAL STATEMENTS

  • The importance to understand accounts
  • Business Activities
  • Types of business organizations in Malaysia
  • Objectives of financial statements
  • Users of financial statements
  • Quality Characteristics of financial statements
  • Constraints on relevant and reliable information
  • Elements of financial statements
  • Measurement of elements of financial statements
  • Presentation of financial statements
10.45

MODULE 2 : CLASSIFICATION OF REVENUES, EXPENSES AND COST CENTRES

  • Contents of the income statement
  • Various types of expenses in the financial statements
  • Income statement & common size income statement
  • Income from discontinued operations
  • Extraordinary gains and losses
  • Earnings per share
  • Understanding depreciation and other non cash expenses
  • Treatment of accruals, prepayments and provisions
  • Types of cost centre- production and service centre
  • Difference between cost centre and profit centre
  • Comprehending the income statement
  • Profit distribution and dividend policy
1:00 Lunch
2:00

MODULE 3 : COST STRUCTURE AND BEHAVIOUR

  • Importance of cost structure knowledge: Variable cost, fixed cost and semi-variable Costs
  • Cost components: , direct and indirect costs, direct materials, labor and overheads costs & profit
    implications, sunk cost, inventory costs and period costs
  • Division of costs in manufacturing – Prime and production cost
  • What Is CVP (Cost-Volume-Profit) analysis and identifying Break-Even Point with CVP Analysis (Real Life Examples )
  • Costs control using CVP analysis and linking target profit and margin of safety
  • What is standard costing and its role and applicability in manufacturing industry
  • Formulation and how to derive standard costs of products/Service/Projects
  • Corporate budgetary process and how standard cost should fit into each area of budgeting
3:45

MODULE 4 : CLASSIFY ASSETS, LIABILITIES & EQUITY

  • Elements of Balance Sheet
  • Current assets, fixed assets and intangible assets
  • Current Liabilities & long term liabilities
  • Working capital – inventory, receivables & payables
  • Contents of Statement of changes in equity
  • Measurement of Shareholders Equity
  • Various types of ratios analysis
  • Return of equity, capital structure, liquidity, solvency and flexibility
  • Comprehending the Balance Sheet
5:00 End Of Day 1
DAY 2
9:00

MODULE 5 : FINANCIAL RATIOS ANALYSIS

  • Learn how to size up a company quickly by reading their financial ratios
  • Liquidity
  • Solvency
  • Efficiency
  • Profitability
  • Asset Management
  • Assessing drivers of company profitability and growth
  • Operations and investment strategies : operating and investment management
10.45

MODULE 6: STATEMENT OF CASH FLOW

  • Cash flow planning and projection
  • Discovering the linkage between profit and cash
  • Usefulness of the statement of cash flow
  • Preparing the statement of cash flows – indirect and direct method
  • Cash and its relationship with other items in the Balance Sheet
  • Operating, investing and financial activities
  • Using cash flows to evaluate a company
1:00 Lunch
2:00

MODULE 7: PREPARING A FINANCIAL BUDGET FOR BUSINESS ORGANIZATION

  • Concepts of budgeting
  • Benefits of budgeting
  • Choosing the budget period
  • Participative budget system
  • Responsibility accounting
  • Budget committee
  • The role of managers in the operations and financial budgets
  • Preparing The master budget- components
  • Sales budget
  • Purchase budget
  • Overhead budget
  • Inventory budget
  • Selling and administrative expense budget
  • Variance analysis and performance report
5:00 End of Course