Accounting Skills for Accounts Clerks and Assistants Including GST Entries

Transcription

1 MALAYSIAN INTERNATIONAL CHAMBER OF COMMERCE AND INDUSTSRY (CO. NO:16841-V) And MALAYSIAN EXPORT ACADEMY (PSMB Registered Class A-Training Provider No: 1804) Presents Two Day Seminar on Accounting Skills for Accounts Clerks and Assistants Including GST Entries 14 th & 15 th August 2017 (Monday & Tuesday), 9.00am to 5.00pm, Eastin Hotel, Petaling Jaya SBL Claimable under HRDF Certificate of attendance awarded for those who complete the course Objective This course will enable accounting staff to do the following:- Understand the accounting process and its concepts Improve their skills in recording accounting information including GST transactions Appreciate how their job function contributes towards the preparation of financial statements Communicate more effectively with their superiors Contribute effectively towards management decision making Interpret financial statements to understand the financial strengths & weakness of the organization Understand the importance and determinants of cash flow and working capital Assist in the budgeting process This course would enable accounting staff to understand and appreciate the steps performed in the accounting process and their contribution to management decision making. In today s computerised accounting world, accounting staff may perform very specific duties as part of the accounting process. They may be involved in one specific area like handling accounts payable, accounts receivable, payroll, cash book, etc. As a result, they are often very focused in their respective areas of work that they may not be aware or knowledgeable of the other important areas in accounting. With the advancement of computerised accounting packages, the accounting process is somewhat isolated and as a result these staff do not see the physical transaction actually taking place. This may lead to a lack of understanding of the accounting process. Knowledge in these other areas of accounting will enable the staff to contribute more effectively to the

2 Course Content organisation. The accounting staff should also be aware of the types of decision made by management like performance evaluation, budgeting and managing working capital. An understanding of these management decisions would enable them to appreciate how their functions and information they provide fits into the overall objectives of the organisation. MODULE 1 INTRODUCTION What is Accounting? Accounting Process Role in today s business The Accounting Equation Transaction Analysis Exercise MODULE 2 THE RECORDING PROCESS USING THE DOUBLE ENTRY INCLUDING GST JOURNALS & POSTING TO LEDGER The Creditors Ledger The Debtors Ledger The General Ledger Assets including GST Input Tax Liabilities including GST Output Tax Capital Revenue Expenses Extracting the Trial Balance Financial Statements GST adjustment after six months overdue MODULE 3 ADJUSTMENTS AT FINANCIAL YEAR END Cash Versus Accrual Accounting Matching Principle Accrued Expenses Prepayments

3 Impact on Financial Statements ACCOUNTING FOR FIXED ASSETS Historical Cost Concept Depreciation Calculation & Recording Gain or Loss on Sale Impact on Financial Statements MODULE 4 PREPARATION OF FINANCIAL STATEMENTS WITH ADJUSTMENTS Income Statement The Balance Sheet MODULE 5 FINANCIAL STATEMENT ANALYSIS USING RATIOS Profitability Ratios Efficiency Ratios Liquidity Ratios Gearing Ratios MODULE 6 BUDGETING Sales and Collection Budget Material Purchases Budget Labour Budget Overhead Budget Cash Budget Budgeted Income Statement

4 MODULE 7 WORKING CAPITAL MANAGEMENT Importance of Working Capital The Operating cycle The Cash conversion cycle Accounts Receivable & Payable Evaluating short-term finance WHO SHOULD ATTEND? Accounts Clerks Accounts Assistants Costing Clerks New Accounting personnel METHODOLOGY Interactive lectures Discussions Practical Exercises & Case Study COURSE FEE Early bird discount of RM1,272 per person for 2 days - Register by 7 August 2017 ( MICCI Member) SPEAKER'S PROFILE Normal Fees: RM 1, per person ( MICCI Member) Normal Fees: RM 1, per person ( Non Member) (fee inclusive tea breaks and course materials, inclusive 6% GST) GERALD PERIES received his Masters in Business Administration and Bachelor of Science Degree in Finance from Southern Illinois University, U.S.A. He is also a certified trainer in PSMB (Perbadanan Sumber Manusia Berhad). Gerald has over 14 years experience in training and lecturing for various business organisation and private colleges & universities. His areas of expertise are in Finance and Accounting. Gerald combines a wide range of practical and hands-on training experience in a challenging and interactive environment. At present he regularly conducts training programs on accounting skills for accounts clerks & assistants, effective cash flow management, handling full set of accounts/bookkeeping skills, budgeting & cost control, finance for nonfinance managers, and financial skills for sales & marketing managers He is also actively involved in lecturing on several M.B.A. and Degree programs, affiliated with University of South Australia, University of Ballarat

5 and Binary University College. Prior to this, he served as a Finance Manager for an engineering company for several years where he was responsible for making investment, costing, financing and working capital decisions. His specific duties among others was :- Evaluating the viability of long-term projects and making appropriate recommendations to the board of directors. Costing for Projects Sourcing for appropriate financing upon approval of projects Preparing the budgets for projects, ensuring compliance and investigating any deviations Reviewing management accounting information with other departments and making presentations to management. Managing the day to day running of the finance department. CONTACT PERSON Malaysian International Chamber of Commerce & Industry C-8-8, 8th Floor, Block C, Plaza Mont Kiara, No. 2 Jalan Kiara, Mont Kiara, Kuala Lumpur Phone: / Fax: Attn: Pathma Nathan pathma@micci.com

6 MALAYSIAN INTERNATIONAL CHAMBER OF COMMERCE AND INDUSTSRY (CO. NO:16841-V) And MALAYSIAN EXPORT ACADEMY (PSMB Registered Class A-Training Provider No: 1804) Presents Accounting Skills for Accounts Clerks and Assistants Including GST Entries 14 th & 15 th August 2017 ( Monday & Tuesday), Eastin Hotel, Petaling Jaya Registration Form (Fax to ) Pathma Nathan pathma@micci.com Tel : Name Designation Handphone no Submitted by: Company / Organization: Address: Telephone: Fax: Contact Person: Designation : Course Fees Early bird discount of RM1,272 per person for 2 days - Register by 7 August 2017 ( MICCI Member) Normal Fees: RM 1, per person ( MICCI Member) Normal Fees: RM 1, per person ( Non Member) (fee inclusive tea breaks and course materials, inclusive 6% GST) O Member O Non Member Meal Option Vegetarian / Non-vegetarian * (delete not applicable) Method of payment.please Choose You can pay by cheque made in favour of Malaysian Export Academy Sdn Bhd and mail this form together with your cheque to : Malaysian Export Academy, No. 86, Jalan BP 7/8, BP New Town, Bandar Bukit Puchong, Puchong, Selangor Darul Ehsan. OR You can transfer the payment to Account No: , CIMB Bank in favour of Malaysian Export Academy Sdn Bhd. A copy of the transfer slip should be faxed to together with this form. Cancellations must be made in writing. There will be no refunds for cancellations made less than five working days prior to arrival but substitutions are allowed. The organizer reserves the right to modify, cancel or postpone the event, should circumstances arise that make such action necessary. All changes will be notified in advance.