Centre for Professional Development FMM Institute Selangor Branch

FMM Institute Selangor Branch
Centre for Professional Development
HOW TO PREPARE AND MAINTAIN FULL SET OF ACCOUNTS
August 25 - 26, 2014 | 9.00am - 5.00pm | Shah Alam Convention Centre
FACILITATOR
Mr Lok Char Lee holds a Bachelor of Accounting Degree (Hons) from
Universiti Malaya and a Masters Degree in Information Technology from
Universiti Sains Malaysia. He is a Chartered Accountant registered with
Malaysian Institute of Accountants (MIA), a member of the Chartered
Institute of Management Accountants (CIMA) and Fellow of the Chartered
Tax Institute of Malaysia (CTIM). He has more than 15 years of working
experience and obtained his accounting and finance experience while
working as a statutory auditor and tax consultant in various local and
international auditing firms. His work experience encompassed various
accounting, auditing, costing and taxation aspects for clients ranging from
small medium enterprises to multinational companies which consist of
manufacturing, trading, property development, construction and financial
institutions. Mr Lok has trained directors, managers, executives, officers
and clerks in the areas of management, accounting, finance, taxation,
costing and budgeting. He is a regular trainer for small and medium sized
enterprises, large companies and multinational corporations. Mr. Lok is
senior lecturer in accounting at the School of Management, USM. He is also
experienced in teaching professional courses such as CIMA, ACCA and AIA
at various private colleges. He is the co-author of the book “Principles and
Contemporary Issues in Internal Auditing”.
WHO SHOULD ATTEND
Accountants, Accounts and Finance Executives, Accounts Clerks and
Bookkeepers.
Registration is on a first-come first-served basis. Cheques made in favour of the
“FMM Institute” should be forwarded one week before the commencement of the
programme. Completed registration form, that is faxed, mailed or e-mailed to FMM
Institute, would be deemed as confirmed.
INTRODUCTION
This programme enables participants to understand bookkeeping and how
to prepare full set of financial accounts including manufacturing accounts
leading to preparations of financial statements, whilst understanding
accounting principles and standards governing them.
OBJECTIVES
At the end of the programme, participants will be able to:
 understand the basics and necessity of Accounting
 understand the glossary of accounting terms, accruals, prudence and
matching concepts, accounting principles, financial statements, journal entries, etc.
 explain the concept of double-entry (debits and credits) and fully understand what is meant by ‘books must be balanced’
 understand the relationship between all accounts and the financial
statements (how and which category they fall into)
 know how to provide for depreciation, bad debts and other entries
 interpret financial statement
 know how computerised accounting systems work
 prepare Balance Sheet and Income Statement.
CONTENTS
DAY 1
History and the Necessity of Bookkeeping
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Origin and brief background of
bookkeeping
Difference between financial
accounting and management accounting
All cancellations must be made in writing. There will be no charge for cancellation
received 10 or more working days before the start of the programme. Cancellation
received 6 – 9 working days before the start of the programme is subject to a
cancellation fee of 50% of the course fees. Cancellation received 5 working days and
below before the start of the programme is subject to a cancellation fee of 100% of
the course fees. If the participant fails to attend the programme, the full course fees
are payable. However, replacement can be accepted at no additional cost.


10% group discount is applicable for registration of three (3) or more participants
from the same organisation and of the same billing source. The FMM Institute
reserves the right to change the facilitator, reschedule or cancel the programme and
all efforts will be taken to inform participants of the changes.
Share capital, debentures and different
structures of capital
Concept of ‘Double-Entry’ in Accounts
ADMINISTRATIVE DETAILS
Dates
: August 25 - 26, 2014
Time
: 9.00 am – 5.00 pm
Venue
Fees
: Shah Alam Convention Centre
No.4 Jalan Perbadanan 14/9,
40000 Shah Alam, Selangor
: FMM Members – RM1300 per participant
Non Members – RM1,600 per participant
(Fees include course materials, Certificate of
Attendance, lunch and refreshments)
For further enquiries, please contact:
Pn Nazihah / Pn. Shimah
SBL
SCHEME

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Financial statements, assets, liability and
capital

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The meaning of balancing the
accounts and general ledger
Accounting principles and standards
Accrual concept
Prudence concept
FMM Institute, Selangor Branch
Tel: 03-55692950 Fax: 03-55694346

Email: [email protected]
Visit us at: www.fmm.edu.my / www.fmm.org.my


How inventory works and
interaction with general ledger
Different valuation methods of
Inventory: FIFO, LIFO and weighted
average
Treatment of raw materials and finished
goods
Advantages and disadvantages of each
method of valuation
Hire-Purchase and Loan Accounting


Hire-purchase and loan
Accounting entries relating to
hire-purchase and loan
Share Capital, Share Premium and Other
Sources of Funding and Reflection in Books

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Share capitals and accounting entries
Share premium accounting
Redemption of shares and
debentures; buy-back
Computerised/Automated Accounting


Working in a computerised
accounting environment
Difference between manual and
computerised accounting
The concept of journal entries, journal
postings and ‘double-entry’

Accounting for fixed assets
Interpretation of Financial Statements
Making entries for depreciation,
amortisation, bank charges,
interests, etc.
Accounts Receivable (AR), Accounts Payable
(AP) and Bank Reconciliation


What is ‘double-entry’?
Knowing matching concept
Journal Entries, Posting into Accounts and Fixed
Assets Accounting


Depreciation and amortisation
Concept of trial balance and
financial statements
Accruals, Prudence and Matching Concepts

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Why and necessity of bookkeeping
Different styles of bookkeeping
Glossary and Understanding of Terms

DAY 2
Inventory Accounting and Methods of
Valuation
Understanding how AR work and relates
to general ledger
Understanding how AP work and relates
to general ledger
Performing Bank Reconciliation and AR,
AP reconciliation

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Real time vs batch processing
Quick look at ratio analysis
Computation and interpretation of
liquidity, profitability and
investors’ ratios
Ratio analysis and financial
statement reading
REGISTRATION FORM
HOW TO PREPARE AND MAINTAIN FULL SET OF ACCOUNTS
August 25 – 26, 2014 (Monday - Tuesday)
Shah Alam Convention Centre
Please tick () accordingly:
PSMB Scheme:  SBL
 Non Contributor
Required vegetarian meal:  Yes
 No
The Manager
FMM Institute, Selangor Branch
Tel: 03-55692950
Fax: 03-55694346
Email: [email protected]
Dear Sir/Madam,
Please register the following participant(s) for the above programme.
(To be completed in BLOCK LETTERS)
1. Name
Designation
E-mail
____________________________________________________________________________________________________________
Nationality
IC No.
____________________________________________________________________________________________________________
2. Name
Designation
E-mail
____________________________________________________________________________________________________________
Nationality
IC No.
____________________________________________________________________________________________________________
3. Name
Designation
E-mail
____________________________________________________________________________________________________________
Nationality
IC No.
____________________________________________________________________________________________________________
(If space is insufficient, please attach a separate list)
Enclosed cheque/bank draft No. ____________________________________ for RM ________________________________
being payment for _________________ participant(s) made in favour of the “FMM Institute”.
Submitted by:
Name:_____________________________________________________________________________________________________
Designation: ___________________________________E-mail: _____________________________________________________
Company: _________________________________________________________________________________________________
Address:___________________________________________________________________________________________________
____________________________________________________________________________________________________________
Tel No.: ______________________________ Fax No.: ________________________ Date: _______________________________
FMM Membership No.: ______________ My Corporate Identity No.: _____________________________________________