To be effective and competitive in business, non-finance personnel need to be able to read, understand and interpret financial reports and documents.
Brochure
Module 1: Accounting Fundamentals
- Introduction to the fundamentals of accounting and concepts
- Matching concept
- Accruals concept
- Going concern concept
- Historical cost concept
Module 2: Understand Types of Documents and Usage
- Ensure completeness of supporting documents for accounting transactions
- Sales invoice/delivery order
- Purchase invoice/PO/DO/documents to support importation
- Bank statements
- Supplier’s statements
- Payment voucher
- Journal voucher
Module 3: Introduction to Double Entry of Accounting System
- Rules of double entry system for assets & liabilities, share capital, revenue &
expenses
- Balancing of account
Module 4: Types of Expenditures
- Distinction between revenue and capital expenditure
- Classifications of expenditures and tax implications
Module 5: Accounts Receivables
- Types of accounts receivable: trade and non-trade
- Double entry for foreign exchange gain/loss
- Usage of report as tools to improve collections
- Analysis of efficiency on company’s collection
Module 6: Accounts Payable
- Types of accounts payables: trade and non-trade
- Double entry for foreign exchange gain/loss
- Effective payment management
- Supplier aging analysis, how business analyse aging and actions required from findings
- Negotiation skill for best payment term
Lunch Break (1.00pm to 2.00pm)
Module 7: Improvement on the Accounting Control
- Purpose of preparing supplier’s reconciliation of accounts
- Format of supplier’s reconciliation report
- Purpose of bank reconciliation report: acts as internal control ,detection and prevention of fraud
- Format of bank reconciliation report
Module 8: Accounting for Property, Plant & Equipment
- Estimation of assets useful life
- Method in computing depreciation charge and its accounting entries
- Disposal of asset
Module 9: Review of Business Performance via Statement of Profit or Loss
- Components of Statements of profit or loss
- Usage of financial ratio for evaluation of business performance
- Exercise
Module 10: Interpretation of Statement of Financial Position
- Fundamental analysis for evaluating company’s worth
- Fixed Assets Turnover Ratio
- Return on Equity Ratio
- Return on Investment Ratio
- Current Ratio
- Inventory Turnover Ratio
- Gearing Ratio
o Q & A