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Basic Accounting Principles, Practices & Procedures

20-21 Jan, 2025, CONCORDE HOTEL KUALA LUMPUR

IPA Training is Registered with

Venue Details

CONCORDE HOTEL KUALA LUMPUR
2, Jalan Sultan Ismail,, 50250 Kuala Lumpur, - 50250

https://kualalumpur.concorde hotelsresorts.com/


Phone : (603) 2144 2200

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
  • 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