Overview
Many people with little or no relevant training find themselves assigned to positions in the accounts sections of their organizations. A basic knowledge of bookkeeping principles, concepts, frameworks and reporting requirements is important for anyone who is already in or likely to be posted to their accounts division.
The aim of this course is to provide employees with essential knowledge and skills in bookkeeping practices. The program will manually work through the processing cycle to ensure that participants fully understand the underlying methodology. This will ensure that participants will gain the necessary confidence in their own abilities to then apply those principles to the computerised system that operates in their area. In addition, on the rare occasion that a mistake might occur - e.g. an incorrect posting - the participants will be fully equipped with the means to remedy the error.
Learning Outcomes
- Understand and appreciate the steps performed in the accounting process.
- More knowledgeable on the important areas in accounting.
- Perform bookkeeping functions in accordance with Generally Accepted Accounting Principles by journalising and posting entries to the ledgers.
- Perform necessary procedures to complete the accounting cycle in order to prepare financial statements.
- Prepare bank and other reconciliations.
- Comprehend the nature and purpose of financial statements, the ways accounting events are measured, recorded and reported.
Who Must Attend
This training program is optimized for
Accounts Clerks & Assistants, Costing Clerks / New Accounting Personnel with no formal training in accounting.
Course Details
Introduction to Accounting
- What is Bookkeeping and Accounting?
- The Accounting Process
- Role in today’s business
- The Five Categories of Accounts
- Assets versus Expenses
- Definition of Key Terms
- Generally Accepted Accounting Principles
- Difference between Cash and Accrual Accounting
The Recording Process
- The Accounting Equation
- Transaction Analysis
- Double Entry System of Bookkeeping
- Extracting the Trial Balance
Books of Original Entry
- Cash Book
- Sales & Purchase Journal
- Returns Journal
- The General Journal
Posting to Ledger
- The Payables/Receivables Ledger
- The General Ledger
Preparing Basic Financial Statements
- Statement of Financial Performance (Income Statement)
- Statement of Financial Position (Balance Sheet)
Adjustments at Financial Year End
- Matching Principle
- Accrued Expenses
- Prepayments
- Unearned Revenue
- Bad Debts & Provision for Doubtful Debts
- Reconciliations – Bank, Receivables, Payables
- Impact on Financial Statements
Accounting for Fixed Assets
- Historical Cost Concept
- Depreciation – Calculation & Recording
- Gain or Loss on Sale
- Impact on Financial Statements
Preparation of Financial Statements with Adjustment
- Statement of Financial Performance (Income Statement)
- Statement of Financial Position (Balance Sheet)
Methodology
Course Leader
Chartered Accountant (CA) of the Malaysian Institute of Accountants
Fellow of the Chartered Association of Certified Accountants (FCCA), UK, Associate of the Chartered Institute of Management Accountants (CGMA), UK
Certified trainer by Advanced Training (UK) Ltd
Certified HRD CORP trainer, Malaysia
Ms Suchitra Mahendraraj is professionally qualified accountant. She is a Finance consultant turned trainer. Working as a consultant in training for the past 16 years, she has contributed to the success of many projects and programmes.
She is a professionally qualified accountant. She is also a Fellow of the Chartered Association of Certified Accountants (FCCA), UK, an Associate of the Chartered Institute of Management Accountants (CGMA), UK, and Chartered Accountant (CA) of the Malaysian Institute of Accountants.
During her working career, she has been involved in areas such as business advisory, audit, human resources, finance and administration and training. She has wide and extensive knowledge in various industries.
Suchitra’s training style is refreshing and energetic, relaxing her audiences whilst inspiring them to take action. She is a lively, energetic & engaging facilitator who will compel you to think of your organisational and personal growth stirring creativity and motivation to act.
She approaches learning from an integrated perspective, dedicates herself to helping organisations manage the human side of change in ways that produce powerful, positive and sustainable results.
She has personally trained many organisations ranging from SMIs to large MNCs covering areas ranging from Finance and Finance related, Leadership, Professional Development and Teambuilding.
Some of the organisations that she has conducted trainings are:
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Chartered Institute of Management Accountants (CIMA Malaysia, Hong Kong) Asia Business Forum Automobile Association of Malaysia (AAM) University Tunku Abdul Rahman (UTAR) Sunway Group Bhd RB Land Holdings Bhd UMW Corporation Bhd DR Group Holdings Bhd Telekom Malaysia Kementrian Pembangunan Usahawan dan Koperasi Jobstreet Lembaga Getah Malaysia Samsung SDI Sdn Bhd Securities Commission DMIB Sime Tyre International Rahman Putra Club Igel (Malaysia) Sdn Bhd
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Avago Technologies Sdn Bhd MBF Cards Sdn Bhd Maersk Sdn Bhd Sony Malaysia Sdn Bhd Multimedia Development Corporation Sdn Bhd International School of Kuala Lumpur Avago Singapore Pvt Ltd (Singapore) Supermax Glove Manufacturing Shell LPG Toyota Capital Kingfisher Asia Limited (Hong Kong) Hang Seng Bank (Hong Kong) Hong Kong International Certified Public Accountants (HKICPA) KFC Holdings Ayamas Corporation Bhd Volvo (M) Sdn Bhd Zon Regency Hotel GD Express Sdn Bhd HSBC Rubberex (M) Berhad
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Petronas-BASF Institut Perakaunan Negara (Accountant General, Malaysia) Selangor State Treasury Arunamari – Manipal Hopsital Leisure Farm Resort TSI Holdings Langkawi Development Authority (LADA) Pelabuhan Tanjung Pelepas (Johor) LBS Bina Ericsson Hitachi Lembaga Air Kuching International Medical University (IMU) Tanjong Golden Village (TGV) Sime Darby Plantations MRT Corp Coffee Bean & Tea Leaf Duopharma Berhad FELCRA PERKESO PTPTN KOPETRO
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We have a faculty of equally talented trainers who can cater to your organisation's specific needs in the event of substitution.
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
"This training was very well organized and worth for investment. This training is entertaining and I enjoyed it al lot." - Accountant, Maldive Gas Pvt Ltd.
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
