Many of the university and college graduates from accounting and finance background facing difficulties to apply their knowledge gained previously into their day to day working environment. Besides, regression on their basic accounting knowledge is caused by too dependent on accounting software. Continuous training able to sharpen their practical accounting concept and understand each financial statements items.
Brochure
— Course Fee: RM 790.00 (Inclusive of 8% Service Tax) —
MODULE 1: TYPES OF BUSINESS ENTITIES
- Sole proprietors
- Partnership
- Limited companies
- Limited liability partnership
- Role of accounting in today’s business
MODULE 2: RAISING MONEY FOR BUSINESS
- Equity
- Borrowings/ loan
- Surplus cash from activities
- Credit term from vendors
MODULE 3: MONEY USAGE
- Purchase of Property, Plant and Equipment
- Acquire Intangible Assets
- Investment
- Inventories
- Trade and Other Receivables
MODULE 4: WHAT IS MEANT BY PROFIT
- Gross Profit
- Operating Profit
- Net Profit
- Contribution
MODULE 5: UNDERSTANDING FINANCIAL RECORDS AND FUNCTIONS
- Requirement By Law To Keep Records
- Financial vs Management Accounting
- Finance/ Accounts Department Functions
- Organization Structure in Finance Department
- Key Financial System
MODULE 6: UNDERSTANDING OF FINANCIAL POSITION
- Basic elements contain in a Financial Position
- Why should Financial Position balance
- Cash Book
- Debtors and Creditors ledger
- Bank and Creditors reconciliations
- Exercise on bank reconciliations
MODULE 7: UNDERSTANDING THE ELEMENTS CONTAIN IN STATEMENT OF COMPREHENSIVE INCOME
- Revenue
- Cost of Sales
- Gross Profit
- Operating Expenses
- One-off Circumstances
- Operating Profit
- Finance Expenses
- Taxation Expenses
- Net Profit after Tax
- Dividend
MODULE 8: ACCOUNTING EQUATION AND DOUBLE ENTRY SYSTEM
- Accounting equation
- Double Entry Rules
- Assets
- Liabilities
- Equity
- Revenue
- Cost of Sales
- Expenses
- Taxation
- Exercise on double entry
MODULE 9: JOURNAL ENTRIES ADJUSTMENTS
- Accrual and cash accounting
- Matching concept
- Accrued of expenses
- Prepayments
- Allowance for doubtful debts
- Amount received for unearned revenue