Mastering Financial Accounting & Reporting Skills

21 Jan, 2021, Webinar Classroom Training

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Wendy Tee 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.

 

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 Bachelor Degree programs for TAR 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. Areas of focus include 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 fromPembangunan 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 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

Webinar Classroom Training

Contact us

Juliany,
M - 012 2281 247
juliany@ipa.com.my

Michelle,
M - 019 363 7822
michelle@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Yvonne,
M - 012 201 1247
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
  • Module 1: Comprehension of Financial Statements
  • Module 2: Classification of Revenues, Expenses and Cost Centre
  • Module 3: Classify Assets, Liabilities & Equity
  • Module 4: Statement Of Cash Flow
INTRODUCTION
Organizations are increasingly seeing the importance of accurate and efficient financial statement analysis technique in shaping a more successful and prosperous organization overall. Users of the financial statement of the company is usually concerned with and need to be informed about the financial position, results of operations and changes in financial position as a whole. This course is intended to familiarize participants with the revised approved international standards on accounting as well as presentation of the financial statements. Participants will able to apply financial management knowledge to their work, business and personal life.
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. Understanding how financial statements are used to assess company performance.
  5. Knowing how to improve business performance and profitability through the understanding of cash flow statement.
  6. Being better able to use and present financial information.
  7. owing the different techniques for preparing cash flow projections.
  8. Recognizing the current financial reporting practices by companies in Malaysia.
  9. Applying financial statement analysis to assess the performance of a business.
  10. Developing skills in analyzing accounting reports and evaluating organizational performance through statement of change in financial position.
WHO SHOULD ATTEND
Financial professionals, accounts assistant manager or executives who are interested understanding the application of company accounting and financial statement so that they can make some decisions on their own and can participate in the financial decisions of their business.
METHODOLOGY
This course will utilize a combination of lectures, discussions, practice sessions and group discussions
COURSE CONTENT
9:00

MODULE 1: COMPREHENSION OF 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 CENTRE

  • Contents of the income statements
  • 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: 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
3:45

MODULE 4: 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
4.30 Practical Session and Q & A
5:00 End of Course