Enhancing Your Accounting Skills

Enhancing Your Accounting Skills


Date : 11 November 2020
Time : 09:00 am - 05:00 pm
Venue : Four Points by Sheraton, Puchong


Objectives

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
  • 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 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.

 

Who Should Attend?

  • Accounts Clerks
  • Accounts Assistants
  • Costing Clerks
  • New Accounting personnel

 

Methodology

  • Interactive lectures
  • Discussions
  • Practical Exercises & Case Study

 

 

NOTE – SIMPLE CALCULATOR IS REQUIRED

Module Topic
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
JOURNALS & POSTING TO LEDGER
 
  • The Creditors Ledger
  • The Debtors Ledger
  • The General Ledger
  • Assets
  • Liabilities
  • Capital
  • Revenue
  • Expenses
  • Extracting the Trial Balance
  • Financial Statements
  • Exercise
MODULE 3 ADJUSTMENTS AT FINANCIAL YEAR END
 
  • Cash Versus Accrual Accounting
  • Matching Principle
  • Accrued Expenses
  • Prepayments
  • Impact on Financial Statements
  • Exercise
  • ACCOUNTING FOR FIXED ASSETS




  •  
  •  
  • Historical Cost Concept
  • Depreciation – Calculation & Recording
  • Gain or Loss on Sale
  • Impact on Financial Statements
  • Exercise
MODULE 4 PREPARATION OF FINANCIAL STATEMENTS WITH ADJUSTMENTS
 
  • Income Statement
  • The Balance Sheet
  • Exercise
MODULE 5 FINANCIAL STATEMENT ANALYSIS USING RATIOS
 
  • Profitability Ratios
  • Efficiency Ratios
  • Liquidity Ratios
  • Gearing Ratios
  • Exercise
MODULE 6 BUDGETING
 
  • Sales and Collection Budget
  • Material Purchases Budget
  • Labour Budget
  • Overhead Budget
  • Cash Budget
  • Budgeted Income Statement
  • Exercise
MODULE 7 WORKING CAPITAL MANAGEMENT
 
  • Importance of Working Capital
  • The Operating cycle
  • The Cash conversion cycle
  • Accounts Receivable & Payable
  • Evaluating short-term finance
  • Exercise

Gerald Peries


Gerald Peries received 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)



Early Bird

RM 1166.00

Normal Price RM1378.00

Inclusive of 6% SST

211

2 Day/s

Public Class

HRDF SBL Claimable

CPD Points & Certificate of Attendance Will be Provided

Lunch & Refreshment Provided