Mastering Financial Accounting & Reporting Skills

21 Jan, 2021, Webinar Classroom Training

IPA Training is Registered with

Venue Details

Webinar Classroom Training


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
  • 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