Document 6504592

FMM INSTITUTE (475427-W)
100 % SBL SCHEME
/
SME Corp Training Upgrading
Upgrading Scheme
Centre for Professional Development
SMEs SKILLS UPGRADING PROGRAMME
HOW TO PREPARE AND MAINTAIN FULL SET OF ACCOUNTS
Date: 24-25 JUNE, 2013
Venue: FMM INSTITUTE, Sungai Petani
INTRODUCTION:
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.
TARGET GROUP:
GROUP
Accountants, Accounts and Finance Executives, Accounts Clerks and Bookkeepers.
OBJECTIVES
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, ournal 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.
COURSE CONTENT
DAY 1
History and the Necessity of bookkeeping
♦ Origin and brief background of bookkeeping
♦ Difference between financial accounting and management
accounting
♦ Why and necessity of bookkeeping
♦ Different styles of bookkeeping Glossary and Understanding
of Terms
♦ Financial statements, assets, liability and capital
♦ Depreciation and amortisation
♦ Share capital, debentures and different structures of capital
Concept of ‘Double-Entry’ in Accounts
♦ What is ‘double-entry’?
♦ The meaning of balancing the accounts and general ledger
♦ Concept of trial balance and financial statements
Accruals, Prudence and Matching concepts
♦ Accounting principles and standards
♦ Accrual concept
♦ Prudence concept
♦ Knowing matching concept Journal Entries, Posting into
Accounts and Fixed Assets Accounting
♦ The concept of journal entries, journal postings and ‘doubleentry’
♦ Accounting for fixed assets
♦ Making entries for depreciation, amortisation, bank charges,
interests, etc.
Accounts Receivable (AR), Accounts Payable (AP) and Bank
Reconciliation
♦ 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
DAY 2
Inventory Accounting and Methods of Valuation
♦ 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
♦ 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
♦ Real time vs batch processing
Interpretation of Financial Statements
♦ Quick look at ratio analysis
♦ Computation and interpretation of liquidity, profitability and
investors’ ratios
♦ Ratio analysis and financial statement reading
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”.
ADMINISTRATION DETAILS
Date: 24-25, June 2013
Duration of Course: 2 days
Time: 9.00 a.m – 5.00 p.m
Venue: FMM
INSTITUTE, Sungai Petani
Fee: FMM Members – RM650/participant
Non-Members-RM750/participant
RM285 per participant (after 70% Skills Upgrading Grant)
RM950 per participant (before Skills Upgrading Grant)
(Fees include Course Materials, Refreshment, Lunch and Certificate of Attendance)
Eligibility to SMEs Skills Upgrading Programmes:
♦ Manufacturing sector (including agricultural- based industries) and manufacturing-related services - annual sales value is not
more than RM25 million or with less than 150 full-time employees
♦ Services sector (including ICT) - annual sales value is not more than RM5 million or with less than 50 full-time employees
♦ SMEs must be registered under the Companies Act 1965 (Private Limited Companies) or under the Registration of Business
Act 1956 (Enterprise Companies) with majority Malaysian shareholders (minimum 60%)
Attendance is by prior written registration only. Registration form must be completed and returned to FMM Kedah/Perlis. Registration
is on a first-come-first serve basis. Cheque made in favour of “FMM Institute” should be forwarded to the FMM Institute Unit 3, 2nd
Floor, Bangunan EMUM 55, Jalan Gangsa, Kawasan Perindustrian Mergong 2, 05150 Alor Star, Kedah. There will be no refund or
cancellation within 4 days prior to the programme, 50% refund for cancellation between 5-9 days and full refund for cancellation 10
days prior to the programme. Cancellation must be made in writing. However, replacement can be accepted at no additional cost.
FMM Institute reserves the right to cancel or re-schedule the above programme and all the efforts will be taken to inform participants
of
the
changes.
For
enquiries:
Contact
Meeza/
Hafifah
at
04-7343110/011,
04-4216876
or
email
[email protected]/[email protected]
____________________________________________________________________________________________
REGISTRATION FORM
HOW TO PREPARE AND MAINTAIN FULL SET OF ACOUNTS
Date: 24-25, JUNE 2013
Venue: FMM INSTITUTE, Sungai Petani
FMM Kedah/Perlis Fax: 04-7344057
(Attn: Meeza/Hafifah)
Please register the following participants for the above programme:
1. Name: __________________________________________________________
Designation: _____________________________________________________
I.C. No: _________________________________________________________
2.
Name: __________________________________________________________
Designation: _____________________________________________________
I.C. No: _________________________________________________________
(Please attach a separate list if space is insufficient)
Enclosed is our cheque no. ............................. for RM ..............…. being payment for the registration of ...............
participant(s) made in favour of the ‘FMM INSTITUTE’
Submitted by:
Name: ………………………..………………………………. Designation:……………………………………..…………..
Company: ………………………..……………..…………… Address: …………………………………..….………..........
………………………………………………............................Tel No.: .............. Fax No.: ................. M/ship No.: ……
FMM INSTITUTE Kedah/Perlis (475427-W)
Unit No 3, Second Floor, EMUM Building 55, Kawasan Perindustrian Mergong 2, 05150 Alor Setar, Kedah
Tel: 04-7343110/011 Fax: 04-7344057 E-mail: [email protected] Website: www.fmm.org.my