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Understanding & Analysing Financial Statements

Date: 18 & 19 March 2020 (Wednesday & Thursday)

Time: 9.00am to 5.00pm
Venue: Eastin Hotel, Petaling Jaya

OBJECTIVES

  • Financial Statements represents the medium of communication of a company’s financial performance to its stakeholders like shareholders, lenders, the tax department and the company’s staff.
  • It is therefore, vital for all staff to be able to read, understand and analyse the company’s financial statement in order to be in a better position to understand the direction of the company and to contribute effectively towards decision making.
  • By the end of the course, participants should be able to:

  • The nature and purpose of financial statement
  • The ways that business transactions are measured, recorded and reported.
  • Skills in preparing and understanding financial statements
  • Skills in analysing financial statements
  • Skills in recommending appropriate actions for improving financial performance.
  • Skills in communicating more effectively with the accounts department.
  • Skills in performing some financial forecasting and understand the cash flow situation of the company.
  • The usefulness and limitations of financial statements.
  • WHO SHOULD ATTEND?

    Personnel in non-finance areas like Sales & Marketing, Administration, Personnel, Operations, Purchasing, Engineering & I.T. Entrepreneurs are also encouraged to attend this programme.

    NOTE: CALCULATOR IS REQUIRED

    METHODOLOGY

  • Interactive Lectures
  • Discussions
  • Exercises
  • COURSE OUTLINE

    Module Course Content
    MODULE 1 INTRODUCTION
  • Introduction of Accounting, finance and financial management.
  • The role and need of accounting in business
  • Difference between Financial Accounting and Management Accounting
  • Accounting Standards
  • Accounting Equations
  • Accounting linkage to Business Strategies
  • MODULE 2 BASIC DOUBLE ENTRY SYSTEM OF RECORDING
  • Assets
  • Liabilities
  • Capital
  • Revenue
  • Expenses
  • Extracting the Trial Balance

  • PREPARING BASIC FINANCIAL STATEMENTS
  • The Profit & Loss Statement
  • The Balance Sheet
  • Exercise
  • MODULE 3 ADJUSTMENTS AT FINANCIAL YEAR END
  • Cash Versus Accrual Accounting
  • Matching Principle
  • Accrued Expenses
  • Prepayments
  • Unearned Revenue
  • Impact on Financial Statements

  • ACCOUNTING FOR FIXED ASSETS
  • Historical Cost Concept
  • Depreciation – Calculation & Recording
  • Gain or Loss on Sale
  • Impact on Financial Statements
  • Preparing Financial Statements with adjustments
  • Exercises
  • MODULE 4 FINANCIAL STSTEMENTS WITH ADJUSTMENTS
    MODULE 5 FINANCIAL STATEMENT ANALYSIS
  • Trend Analysis
  • Common Size Analysis
  • Profitability Ratios
  • Efficiency Ratios
  • Liquidity Ratios
  • Gearing Ratios
  • Investment Ratios
  • Case study
  • MODULE 6 FINANCIAL FORECASTING & MANAGING CASH FLOW USING FINANCIAL STATEMENTS
  • Role of financial statements
  • Percentage of sales method
  • Forecasting financing needs
  • Cash Conversion Cycle & operating cycle
  • Case study
  • TRAINER’S PROFILE

    GERALD PERIESreceived his Master of Business Administration and Bachelor of Science Degree in Finance from Southern Illinois University, U.S.A.

    Gerald has over 20 years’ experience in training and lecturing for various business organisations 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 Handling Full Set of Accounts/Book-Keeping Skills, Enhancing Your Accounting Skills, Cash Flow Management, Practical Budgeting Skills, Finance for Non-Finance Managers and Project Cost management & Decision Making.

    He is also actively involved in lecturing on several M.B.A. and Degree programmes affiliated with Binary University.

    Prior to this, he served as a Finance Manager for a large engineering company for several years where he was responsible for making investment, costing, financing and working capital decisions.

    His specific duties among others were as follows:

    Evaluating the viability of long-term projects and making appropriate recommendations to the board of directors.; Costing for Projects and preparing quotations; 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 the board of directors and Managing the day to day running of the finance department.

    He is also a certified trainer with PSMB (Perbadanan Sumber Manusia Berhad)

    COURSE FEES

    Early bird fee: RM1,378 per person for 2 days -Register by 11 March 2020

    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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