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Venue Details

Virtual 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 Financial Statement
Module 2 : Classification of Revenues, Expenses and Cost Centres
Module 3 : Cost Structure and Behaviour
Module 4 : Classify Assets, Liabilities & Equity
Module 5 : Financial Ratios Analysis
Module 6 : Statement of Cash Flow
Module 7 : Preparing A Financial Budget for Business Organization

A Certificate of Completion with 14 hours CPD points will be awarded upon completion.

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…

Reading and interpreting any financial statements confidently.
Applying financial tools and techniques to measure and evaluate business performance including those of competitors.
Identifying the various uses of financial statements.
Being able to understand how financial statements are used to assess company performance.
Understanding on the basic cost concepts used in business.
Appreciating management tools like standard costing as part of costs control and how it is incorporated in budgets.
Being able to understand variance analysis concepts (materials, labor and overheads /machine) & responsibility accounting.
Knowing how to calculate break-even point and target profits using CVP analysis.
Appreciating standard costing as a cost control tool.
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

This course will maximizes the understanding and learning through lectures, discussions, case studies and practical activities.

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