Overview
Customized for professionals in the manufacturing field, this comprehensive training program equips participants with essential accounting skills tailored to the manufacturing industry.
Participants will gain a solid understanding of accounting concepts such as Accounting Principles & Assumptions, Process & Procedures, Adjustment Entries, Inventory, Cost Volume Management and Internal Auditing.
This course empowers attendees to make informed financial decisions, optimize cost control measures, and enhance overall financial performance within a manufacturing environment. Whether you are an accountant, manager, or executive, this course will elevate your accounting proficiency and enable you to thrive in the manufacturing sector.
Learning Outcomes
At the end of the training program, participants will be able to:
- Acquire sound understanding of the basic accounting principles and their applications in the workplace.
- Having clear understanding on 5 major groups of accounts and its equation in making up the financial statements.
- Applying double entry system and procedure in recording business transactions.
- Learning how to prepare full set of accounts, trial balance and Financial Statements.
- Understanding relevant and important Malaysian Financial Reporting Standards to enhance the credibility and transparency of financial reporting.
- Accounting for inventories and learn its method of evaluation.
- Accounting for transactions and activities related to Property, Plant & Equipment
- Applying analysis of financial statements for management accounting, taxation and audit.
Who Must Attend
All personnel with a keen interest to apply the effective accounting principles in their manufacturing-related fields.
Course Details
Module 1: Introduction to Accounting
Understanding Accounting
Purpose of Accounting and Its Importance
Differences between Accounting and Finance
Accounting Cycle
Module 2: Accounting Assumption, Principles & Assumptions
Accounting Assumptions
Accounting Principles
Accounting Conventions
Module 3: Understanding Basic Financial Reporting Standards
MFRS 101: Presentation of Financial Statements
MFRS 102: Inventories
MFRS 116: Property, Plant & Equipment
MFRS 124: Related Party Disclosures
MFRS 137: Provisions, Contingent Liabilities & Contingent Assets
MFRS 138: Intangible Assets
Module 4: Accounting Process & Procedures
Accounting Process
Getting the Right Perspective
A Bird’s Wings Balancing
Completing Traditional Financial Layout
Value Cycle of a Business
Module 5: Preparing Full Set of Accounts & Trial Balance
Double Entry System Through Accounting Duality
Accounting Typical Business Transactions
Prepare Accounts and Trial Balance
Accrual & Matching Concept
Module 6: Accounting for Adjustment Entries
Adjusting Entries During Closing of Accounts
Methods to Identify Errors & Omissions to Ascertain Necessary Adjustments
Typical Year-End Adjustments & Exercise
Module 7: Accounting for Property, Plant & Equipment
Ascertainment of Acquisition Cost
Methods of Calculating Depreciation
Accounting for Depreciation Charges
Accounting for Gain or Loss on Disposal of Assets
Accounting for Revaluation & Impairment
Module 8: Preparing & Analysing Financial Statements
Income Statement
Balance Sheet
Cash Flow Statement
Telling a Business Story from Financial Statements
Analyze Financial Performance Through 5 Categories of Financial Ratios: Activity, Profitability, Efficiency, Liquidity & Solvency
Module 9: Management Accounting
Costing & Management Accounting
Classification & Elements of Cost
Costing Systems
Costing Techniques
Module 10: Cost Volume Profit (Break Even)
Decision Making: Make or buy or outsource
Keep or drop, limiting factor & resources
Breakeven Point
Module 11: Taxation
Overview of Company Income Tax in Malaysia
Tax Deductions
Computation of Chargeable Income
Differences between Income Tax and Deferred Tax
Temporary Difference & Consequence of Temporary Difference
Understanding Transfer Pricing in Malaysia
MFRS 15: Revenue from Contracts with Customers
MFRS 16: Leases
Module 12: Internal Auditing
Overview of Internal Audit
Types of Internal Audit
Internal Audit Process
The Importance of Internal Audit
Internal Audit Vs External Audit
Methodology
This training program will feature interactive presentations, practical exercises, group discussions and games for a stimulated learning environment.
Course Leader
En Suhaini Kasmuri (SK)
Chartered Accountant
MBA from Asia E University Malaysia
Bachelor Degree in Accounting, University Technology MARA
SK is a certified corporate trainer and business consultant specializing in design thinking and leadership development. He speaks passionately on people development, leadership behavioral change and innovation skills development for leaders and managers, particularly with a finance focus.
SK is currently a Senior Consultant at DT Leadership focusing on innovation development apart from being a trainer on finance-related programs. He has 24 years of corporate working experience in a diverse range of industries. He has held several key senior management level positions including Chief Financial Officer of ACASIA Communications Sdn Bhd, and Fiberail Sdn Bhd, a subsidiary company of Telekom Malaysia.
He carries with him over 2 decades of experience as a business controller with extensive exposure in financial management, corporate finance, and planning. He was also involved in several corporate exercises including merger and acquisition, due diligence reviews and restructuring of companies.
His highest achievements include helping to grow a medium-sized organization from RM50 million to RM250 million turnover over a period of 10 years by building on innovative
business focused on continuous improvement and also through merger and acquisition exercises.
He has trained hundreds of representatives from large and medium-sized organizations that include:
DHL
Bank Muamalat Malaysia Berhad
DRB-Hicom Group
Tenaga Nasional Berhad
Among his participants, SK is known for his practical and applicable job-related content that is delivered in an interactive and engaging manner. He exerts considerable influence on design thinking focusing on finance and innovation skills with his pleasant persona during training to ensure an accelerated learning experience. When he is not training, SK consults on business on leadership development, business innovation, and corporate services. SK is a registered trainer with PSMB/HRDC.
Or
In the event of a substitution, we have a faculty of equally talented specialists to cater to your organization's specific needs.
For training and advisory services, feel free to contact us at info@itrainingexpert.com or call us at +603 8082 3707 | +603 8074 9056 | +6012 6869 628 | +6018 2175 123
Testimonies
Investment
| Normal fee |
| Sign up 1 pax |
| Pay before course starts |
| MYR 2,990.00 per pax |
| USD 890.00 |
| Early Bird |
| Sign up 1 person |
| Pay 14 days before course starts |
| MYR 2,600.00 per pax |
| USD 760.00 |
| Group Fee |
| Sign up 3 pax or more |
| Pay 14 days before course starts |
| MYR 2,500.00 per pax |
| USD 730.00 |
Certificate
Upon successful completion of this program, you will receive a Certificate of Achievement.
Payment mode:
1. Online Payment by Credit card: You can opt to register and pay online with our latest payment integration system through our website.
2. Bank Transfer- You can also opt to use GIRO or telegraphic transfer of payment via international banks.
3. HRD Corp Claimable Courses Skim Bantuan Latihan Khas (Applicable to Malaysian Employer Only)
Contact us: ITRAININGEXPERT GLOBAL PLT
Tel:+603 8074 9056 | +603 8082 3707
Mobile: +6012 6869 628 | +6018 2175 123
Email: info@itrainingexpert.com
Website: www.iTrainingExpert.com
