Basic Accounting Principles, Practices & Procedures

20-21 Jan, 2025, CONCORDE HOTEL KUALA LUMPUR

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Dr Wendy Tee has over twenty years of experience in senior management and human resources positions for diversified industrial and business environments. Graduated with a Doctor of Business Administration (UUM), Master of Business Administration (UM), Master of Information Technology (UM), Certified Financial Planner (CFP), Certified Business coach (UM), Registered Financial Planner (RFP), HRD CORP Accredited Trainer (HRD Corporation) and Certified Advance Human Resource Practitioner (MIHRM). She has undergone intensive academic training in various human development and knowledge improvement.

 

Dr Wendy is actively involved in management training and lecture. Her latest responsibility involves the lecturing of Executive Master Business Administration (EMBA) for Universiti Teknologi (SPACE) and Financial and Investment Degree programs for Tunku Abdul Rahman University of Management & Technology. She has experience managing training programs from local universities, in house training and public seminar training.

 

Dr Wendy is a licenced financial planner currently registered with Malaysian Financial Planning Council (MFPC). Her responsibility involves the corporate training, financial training, management and human resource consultancy, management and financial advisory. Work with individuals to meet short and long-term financial goals, advise clients to have a good command of investments and security planning, estate planning, tax planning, employee benefits planning and insurance planning.

 

Dr Wendy completed and passed her GST and SST exams organized by Chartered Tax Institute of Malaysia (CTIM) with the cooperation and support from the Royal Malaysian Customs Department (RMC). She has trained more than 80 SME companies in Malaysia to get prepared for the post implementation of GST and SST, mainly dealing with the tax authorities over various indirect tax issues, elements and scope of indirect tax, cycle and operations, rulings, registration, administration, audit and investigations on behalf of her clients.

 

Dr Wendy now focuses on electronic invoicing corporate training and advisory for Multinational companies and small medium enterprises. She reviews and evaluates current invoicing procedures, process workflow (including internal controls) and related system mechanisms to identify changes and improvements required. She also reviews Standard Operating Procedure (SOP) for e-invoice issuance as well as provide tax advisory and recommendation in relation to e-invoice architecture.

 

Venue Details

CONCORDE HOTEL KUALA LUMPUR
2 Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia,
Phone : 603 2144 2200

https://kualalumpur.concorde hotelsresorts.com/

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@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
  • Introduction to Accounting
  • General Rules of Accounting
  • Accounting Basics
  • Recording Process
  • Adjusting the Account
  • Complete the Accounting Cycle
  • Drawing Up the Final Accounts and Financial Statements
  • Preparing the Income Statement
  • Preparing the Balance Sheet
  • Accounting for Fixed Assets
  • Preparing of Cash Flow Statement
COURSE LEARNING OUTCOMES (CLO)
  1. Outline a basic and sound understanding of business accounting and their applications in the workplace.
  2. Identify by getting an overview of the entire accounting system and understanding of how transactions are sorted, classified and categorized into meaningful financial information.
  3. Identify and learn how to prepare the final accounts – Balance Sheet and Income Statement.
  4. Recognise and able to utilize accounting information in daily works and improving effectiveness and efficiency.
  5. Choose and interact well with the accounts or finance department to enhance cooperation and to secure their support in achieving departmental objectives.


WHO SHOULD ATTEND
  • Accounts Clerks
  • Accounts Assistants
  • Accounts Supervisors
  • Office Administrators
  • Non-Financial Executives
  • Secretaries
  • Level of Executives and above
METHODOLOGY
  • Interactive lectures
  • Interactive activities
  • Group & Individual exercises
  • Group discussions
  • Case studies
DAY 1
9:00 INRODUCTION TO ACCOUNTING
  • Understanding Accounting and Book Keeping
  • The needs and uses of accounting
  • Decision making and accounting
  • Importance Of Accounting To Business
  • Users And Uses Of Accounting Data
  • Principles, Assumptions And Convention
  • Accounting Equation
  • 1.00 Lunch
10.45 GENERAL RULES OF ACCOUNTING
  • Receipt And Payment
  • Revenue And Expenses
  • Rules Of Double Entry
  • Fixed Assets And Current Assets
  • Work In Progress
  • Current Liabilities
12.00 ACCOUNTING BASICS
  • An overview of the accounting system
  • The Accounting Equation – Debit & Credit
  • Accounting documentation and records keeping
  • Accounts, classification & recording
  • System of check and balances
1:00 Lunch

2.00 RECORDING PROCESS
  • Steps In Recording
  • Chart Of Journal
  • Ledger
  • Posting
  • How To Extract A Trial Balance
3.45 ADJUSTING THE ACCOUNT
  • Adjusting For Prepayment And Accrual
  • Provision Of Bad Debt And Bad Debt
  • Journalizing And Posting The Adjustment
  COMPLETE THE ACCOUNTING CYCLE
  • Closing The Book
  • Presentation Of Data
5:00 End Of Day 1
DAY 2
9:00 DRAWING UP THE FINAL ACCOUNTS AND FINANCIAL STATEMENTS
  • Income Statement
  • Balance Sheet
  • Cash flow statement
10.45 PREPARING THE INCOME STATEMENT
  • Revenue
  • Cost of goods sold
  • Gross Profit
  • Expenses
  • Net profit
12.00 PREPARING THE BALANCE SHEET
  • The Accounting Equation
  • Double-Entry Accounting
  • Types of Assets
  • Types of Liabilities
  • Equity
1:00 Lunch

2.00 ACCOUNTING FOR FIXED ASSETS
  • Method Of Depreciation
  • Depreciation Computation
  • Accounting Entries For Depreciation Charges
  • Revaluation Of Assets
  • Disposal Of Assets
3.45 PREPARING OF CASH FLOW
  • Advantages Of Cash Flow Statement
  • Definition Of Term
  • Direct Methods Vs. Indirect Methods
  • Operating, investing and finance activities
5:00 End Of Course