Accounting 102 (Part 2: Effective financial statements presentation, ratio analysis & understand of deferred tax)

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After graduating  from university/colleges, many accounts and finance executives may not have attended any structured accounting training and obtain accounting technical updates. However, it is very important for all accounting and finance personnel to understand the fundamental accounting principles and usage of accounting information to analyse  business performances.

 

Brochure

— Course Fee: RM 790.00 (Inclusive of 8% Service Tax) —

What Will You Learn?

  • Understand accounting frameworks and principles,
  • Update on the latest Financial Position and Statement of Comprehensive Income presentation,
  • Be aware of who are the users of financial statements,
  • Appreciate the importance of accounting policies and its compliance requirements,
  • Analyse the elements contained in the Statement of Cash Flow,
  • Identify non-cash items,
  • Discover how accounting software works and discuss its upcoming changes affected by technology,
  • Understand basic accounting standards,
  • Understand Director’s responsibilities to prepare financial statements,
  • Apply basic deferred tax mechanism and
  • Compute and apply the usage of various financial ratios.

Module 1: Recent Development in Accounting Industry      

-Accounting Frameworks and Principles
-Financial positions
-Statement of Comprehensive Income

Module 2: Users of Financial Statements      

-Shareholders
-Financial analysts, advisors, journalists
-Credit referencing agencies
-Financial institutions
-Vendors

Module 3: Elements of Financial Statements

-Trial Balance
-Financial positions
-Statement of Comprehensive Income
-Statement of cash flow
-Accounting  policies

Module 4: Statement of Cash Flow

-Profit not equivalent to cash?
-What are operating activities
-What are investing activities
-What are financing activities

Module 5: Non-cash cost

-Depreciation
-Inventories, PPE or Debts written off

Module 6: How accounting software works

-Practical exercise on accounting entries

Module 7: Accounting Requirements

-International vs Local
-What is GAAP
-Director’s responsibilities to prepare financial statements

Module 8: Objective of Deferred 

-Why required deferred tax
-Basic computation

Module 9: Useful Ratios For Analysis Purposes

-Profitability ratios
-Efficiency ratios
-Liquidity ratios
-Gearing Ratios
-Investment Return Ratios