Knowing how to handle the full sets of accounts is important for accounting and finance personnel. You must equip yourself with bookkeeping and record-keeping skills and apply correct accounting concepts and principles to prepare a full set of accounts for audit (MPERS) and tax purposes. We would not want “Garbage in, garbage out” which will lead to generating wrong financial statements.
Two Days Training : 15/10/2025 – 16/10/2025
Brochure
— Course Fee: RM 1,780.00 (Inclusive of 8% Service Tax) —
Day 1
Module 1: History and the necessity of bookkeeping
- Origin and brief background of bookkeeping
- Difference between financial accounting & management accounting
- Why and necessity of bookkeeping
- Different styles of bookkeeping
- Why required an audit?
Module 2: Glossary & understanding of terms (MPERS)
- Understanding financial statements, assets, liability, capital
- Concept of trial balance
- Financial position
- Statement of comprehensive income
- Statement of cash flow
- Accounting policies
Module 3: Concept of “double-entry” in accounts
- What is double-entry?
- The meaning of balancing the accounts and General Ledger
Module 4: Accruals, prudence and matching concepts
- Understanding accounting principles and standards
- Understanding accrual concept
- Understanding prudence concept
- Knowing matching concept
Module 5: Journal entries and posting into accounts; Fixed Assets accounting
- The concept of journal entries
- Example of journal entries
- Making entries for depreciation and amortization
Day 2
Module 6: Accounts receivable & accounts payable; bank reconciliation
- Understanding how Accounts Receivable work and relates to General ledger
- Understanding how Accounts Payable work and relates to General ledger
- Performing Bank Reconciliation
Module 7: Inventory accounting and methods of valuation
- Different MERPS valuation methods of Inventory: FIFO, LIFO & Weighted Average
- Advantages & Disadvantages of each method of valuation
- Audit disclosure of Raw materials, WIP and Finished Goods
Module 8: Hire-purchase and loan accounting
- Understanding of bank loans and hire purchase
- Accounting entries relating to bank loans and hire purchase
- Audit disclosure requirements
Module 9: Share capital, share premium and other sources of funding and reflection in books
- Understanding share capital and different structures of capital
- Understanding share capitals accounting entries
- Share premium
- Reduction of share capital
Module 10: Deferred Tax
- Understanding of the principles of temporary differences
- Items that cause temporary differences
- Basic calculation of deferred tax
Module 11: Types of Schedules requirements to support audit and tax computations requirements
- Schedules for Management Accounts
- Schedules for Financial Accounts
Module 12: Interpretation of financial ratios
- Computation and interpretation of liquidity, profitability and investors’ ratios
- Ratio analysis