Handling Full Set of Accounts

Date :
15 - Jul - 2021 To 16 - Jul - 2021
Time : 09:00 am - 05:00 pm
Mode of program : Virtual Programme
Platform: Zoom

 

INTRODUCTION

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

 

 

PRE-REQUISITE

  • Good Internet / wifi connectivity
  • PC / Laptop with good audio/visual
  • Online platform - ZOOM
MODULE CONTENT
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
 

SIMPLE CALCULATOR REQUIRED

G

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.

Price

MYR 1300.00

Subjected to 6% SST

56

2 Day/s

14 CPD Points