Handling Full Set of Accounts

OBJECTIVE

This course would enable new as well as existing accounting personnel, administration personnel to appreciate and understand the steps in the accounting process, from source documents to the preparation of financial statements. Knowledge in these areas will enable them to be more effective at their job functions.

In today’s computerised accounting environment, accounting staff perform very specific duties as part of the accounting function. They may be involved in one specific area like handling accounts payable, accounts receivable, payroll, cash book, general ledger, etc. As a result, they are often very focused in their respective areas but 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, the accounting personnel do not see the physical transaction actually taking place. This may lead to a lack of understanding of the accounting process which can lead to making errors. A thorough knowledge of the accounting process will enable the staff to better understand the process thus contributing more effectively to the recording process.

This course is also suitable for administration staff, secretaries and other clerical personnel, who perform some basic accounting functions but have limited knowledge of accounting.

WHO SHOULD ATTEND?

New accounting staff, accounts clerks & assistants, secretaries, office administrators, non-financial executives, payroll clerks and other clerical staff.

METHODOLOGY

Interactive Lectures
Discussions
Exercises

COURSE OUTLINE

Module Title
MODULE 1 INTRODUCTION

  • What is Accounting
  • Accounting Process
  • Role in today’s business
  • The Accounting Equation
  • Transaction Analysis
  • Simple Financial Statements
  • Exercise
  • MODULE 2 THE RECORDING PROCESS WITH JOURNALS AND LEDGERS

  • Recording in The Journal
  • The Creditors Ledger
  • The Debtors Ledger
  • The General Ledger
  • Assets
  • Liabilities
  • Capital
  • Revenue
  • Expenses
  • Extracting Trial Balance
  • Financial Statements
  • Correction of errors
  • Exercises
  • MODULE 3 ACCOUNTING FOR INVENTORY

  • Measurement
  • Cost using FIFO & Weighted Cost method
  • Impact on Financial statements
  • Perpetual versus periodic system
  • Exercise
  • MODULE 4 PETTY CASH, BANK RECONCILIATION STATEMENTS & ADJUSTMENTS

  • Cash versus Accrual Accounting
  • Matching Principle
  • Accrued Expenses
  • Prepayments
  • Unearned Revenue
  • Bad Debts & Provision for Doubtful Debts
  • Recording in Ledger
  • Impact on Financial Statements
  • Exercises
  • MODULE 5 ACCOUNTING FOR TANGIBLE FIXED ASSETS

  • Historical Cost Concept
  • Depreciation Calculation & Recording
  • Gain or Loss on Sale
  • Recording in Ledger
  • Impact on Financial Statements
  • Exercise
  • MODULE 6 PREPARATION OF FINANCIAL STATEMENTS WITH ADJUSTMENTS

  • Limited Company Background
  • The Income statement / The Profit & Loss Statement
  • The Balance Sheet
  • Exercise
  • MODULE 7
  • Statement of Cash Flow
  • Exercise
  • TRAINER’S PROFILE

    GERALD PERIES (JERRY) received his Master’s 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 non-finance 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 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 were: - 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.

    COURSE FEES

    Early bird fee: RM1,378 per person for 2 days - Register by 14 October 2019

    Normal fees: RM1,590 per person for 2 days

    – SBL claimable (Inclusive of lunch, tea breaks, notes, certificate of attendance and SST 6 %)

    *Group discount of 10% available (for 3 or more participants from the same company)

    ORGANISER

    Malaysian Export Academy
    No. 86, Jalan BP 7/8,
    Bandar Bukit Puchong,
    47120 Puchong, Selangor.

    Tel : 03 8066 3107
    Fax: 03 8066 6152

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