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Handling Full Set of Accounts and the GST factor

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Date

Time Country Venue

9AM 24/10/2016 - 25/10/2016
Malaysia Armada PJ
5PM
9AM 24/11/2016 - 25/11/2016
Malaysia Armada PJ
5PM

Overview

This Handling Full Set of Accounts with GST training program enables participants to
understand how to prepare full set of financial accounts including manufacturing accounts
leading to preparations of financial statements, whilst understanding accounting principles and
standards governing them.

Learning Outcomes

At the end of the programme, participants will be able to:

Understand the fundamental of accounting, accounting terms, the accounting concepts,
financial statements, journal entries
Undertsand the concept of double-entry (debits & credits) & fully understand what is
meant by books must be balanced
Understand the relationship between all accounts & the financial statements (how and
which category they fall into)
Know how to provide for depreciation, bad debts & other entries, know how computerized
accounting systems work and prepare Balance Sheet & Income Statement
Able to prepare Final accounts and maintaining Record properly

Who Must Attend

For those involved in the positions below, you may want to sharpen your skills to increase
productivity at work and business:

Accounts / Finance Executives

Administration Executives
Payroll Executives
Credit Executives
Sales and Marketing Executives
General Clerks
Corporate Planners and those who wish to obtain a good understanding on preparation
of full set of accounts.

Course Details

MODULE 1: UNDERSTANDING ACCOUNTING TERMS

How is financial accounting different from management accounting? Which do you need to
know?
Accounting terms, concepts, double entry rule and accounting cycle

MODULE 2: RECORDING AND ANALYSING BUSINESS TRANSACTIONS

Understanding Main Books of Accounting System for any type of Business Operations
Journal, Ledger and Source Documents
Ensuring Relevant Supporting Documents for Accounting Transactions
Books of Original Entries Types of Journals and Cash Book
Ledger System General Ledgers, Subsidiary Ledgers Posting into Ledgers
Proper Classification of Expenses to Avoid problems with Tax Authorities

MODULE 3: FIXED ASSETS ACCOUNTING

Differentiate between Revenue Expenditure and Capital Expenditure
Making entries for Depreciation and Amortization
Disposal of Fixed Assets

MODULE 4: ACCOUNTS RECEIVABLE (AR) & ACCOUNTS PAYABLE (AP)

Understanding How AR & AP Work & Relate to General Ledger
Performing AR, AP Reconciliation

MODULE 5: INVENTORY ACCOUNTING AND METHODS OF VALUATION

How Inventory Works & Interaction with General Ledger
Different Valuation Methods of Inventory: FIFO, LIFO & Weighted Average
Advantages & Disadvantages of Each Method of Valuation

MODULE 6: SHARE CAPITAL, SHARE PREMIUM & OTHER SOURCES OF FUNDING &
REFLECTION IN BOOKS
Share Capitals and Accounting Entries
Share Premium Accounting

MODULE 7: UNDERSTANDING THE CASH BOOK

Understanding the layout of Cash book
Posting Cash Book Transactions into Ledgers
Petty Cash Book Compared with Main Cash Book
Preparing Bank Reconciliation Statements

MODULE 8: PREPARATION OF FINAL ACCOUNTS

Balancing Accounts and preparing Trial Balance to ensure accuracy of double entry system

Detectable / Non Detectable Errors

Trading Accounts / Profit & Loss Accounts / The Financial Position
Final Accounts with Adjustment
The closures of books and transfer of balances to next financial year
Dealing with Bad / Doubtful Debts / Provisions, etc

MODULE 9: COMPUTERIZED/AUTOMATED ACCOUNTING

Working in a Computerized Accounting Environment
Difference between Manual and Computerized Accounting
Real Time vs Batch Processing

MODULE 10: INTEGRATING GST

Understanding Input and Output Tax
Issuing Tax Invoices
Accounting for GST
Timing for Transaction
Tax Codes
Adjustments
Bad debt adjustments
Non GST transaction

Methodology

Interactive Lecture
Practical Exercises
Group Discussion
Fun and effective Games to activate excitement in learning

Course Leader

Mr CW TAN
Chartered Accountant
Qualifications:
Fellows Member of Chartered Management Accountant - FCMA (UK)
Chartered Accountant (Malaysia)- CA (Msia)
Chartered Global Management Accountant (CGMA)
Certified GST Trainer
Competent Toastmaster (CTM)

Mr Tan is a Senior Member (FCMA) of the Chartered Institute of Management Accountants,

CIMA and a member of Malaysian Institute of Accountants, MIA since December 1992. He has
been a Council Member of the CIMA Malaysia Divisional Council since 1998 until the
Divisional Council dissolved in May 2012. Tan is also a duly certified Competent Toastmaster
of Toastmaster International.
Tan has had a long and distinguished career as a Management Accountant in a number of
well-known Malaysian and International Companies. He started his career in Finance as an
Auditor. In 2000, he joined KNM Berhad as Group Financial Controller and played a pivotal
role in KNMs listing submission. In December 2005, Tan returned to his hometown, Melaka
and worked for Coats Thread (Malaysia) Sdn. Bhd. as Finance Manager and retired in March
2012 to form WFP.
As the pioneer CIMA Global Membership Assessor from Malaysia, Tan is actively involved in
giving talks and doing workshops for potential members who wanted to apply for CIMA

membership locally as well as in Singapore and has conducted in house training as well as
public training programmes on Finance both locally as well as in Cambodia. With the
expansion of more overseasGlobal Membership Assessor, Tan is now a Mentor for two new
Assessorsin Malaysia.
All in, Tan has more than twenty-three years of hands-on experience in different areas of
management and functions in diverse industries such as in auditing, printing, construction,
manufacturing, consultancy, engineering and trading. Other than the Finance, Accounting,
Auditing, Taxation, Corporate Finance and Credit Control, some of the other functions include:
general management, business development, business strategic planning, performance
improvement, quality assurance, human resource management, information technology and
management, budgeting and strategic cost management. Tan is also a certified trainer under
PMSB, Malaysia. (Certificate No. TTT/6518).
To book Mr Tan for speaking, training or consultancy engagements, please contact us at
info@iTrainingExpert.com or +603 8074 9056.

Testimonies

"This training was very well organized and worth for investment. This training is entertaining
and I enjoyed it al lot." - Accountant, Maldive Gas Pvt Ltd.
"The trainer is very friendly. I learned that this course is very helpful because I can now work
easier." - Senior Account Officer, Maldive Gas Pvt Ltd.

Investment

Normal fee
Sign up 1 pax
Pay before course starts
MYR 2,780.00
USD 650.00
Early Bird
Sign up 1 pax
Pay 14 days before course starts
MYR 2,180.00
USD 500.00
Group Fee

Sign up 3 pax or more

Pay 14 days before course starts
MYR 2,080.00
USD 480.00

(Fee inclusive of GST, Buffet Lunch, Refreshment, Welcome Pack, Training Materials Certificate of Achievement)

Certificate
Upon successful completion of this program, you will receive a Certificate of Achievement.
Certificates are distributed on the final day of the program.

Payment mode:
1. ONLINE PAYMENT by Credit card: You can opt to register and pay online with our latest
payment integration system through our website.
2. BANK IN CHEQUE
Bank in and then scan the Bank-in slip and email to us before the course commence to confirm
your seat.
Courier your cheque payment to our Finance HQ.
*Note that we DO NOT take any payments during the event.
3. BANK IN CASH:You can also pay by cash through bank-in our company bank account.
4. Telegraphic Transfer- You can also opt to use GIRO or telegraphic transfer of payment via
international banks.