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Introduction
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.
Furthermore, with the implementation of e-invoice and latest AI technologies, the speed and accuracy of accounting information is now become more crucial.
Two Days Training : 14 and 15 October 2026
— Course Fee: RM 1,100.00 (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: e-Invoice Fundamentals Which Relates to Financial Statements Preparation
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- Basic knowledge and latest update, e.g. SVDP
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
- What is double-entry?
- The meaning of balancing the accounts and General Ledger
- 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
- Impact and requirement in e-Invoice era
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: Bank loan and hire-purchase 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
- 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
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- Notes to accounts for audit purposes
- Explanatory notes for taxation purposes
Module 12: Basic Management Report (AI tools) and Ratios to Analyse Business Performance
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- Basic management report content
- Computation and interpretation of liquidity, profitability and investors’ ratios
- Ratio analysis in the management report
- AI tools to facilitate/expedite the preparation of management reports