ACCOUNTING SKILLS FOR ACCOUNTS CLERKS & ASSISTANTS (2 DAYS)
By Mr. Gerald Peries - 26 & 27 November 2018, 9:00 am to 5:00 pm
Kuala Lumpur
(100% Claimable From HRDF/PSMB)
INTRODUCTION

This course would enable accounting staff to understand and appreciate the steps performed in the accounting process and their contribution to management decision making.

In today’s computerised accounting world, accounting staff may perform very specific duties as part of the accounting process. They may be involved in one specific area like handling accounts payable, accounts receivable, payroll, cash book, etc. As a result, they are often very focused in their respective areas of work that they may not be aware or knowledgeable of the other important areas in accounting.

With the advancement of computerised accounting packages, the accounting process is somewhat isolated and as a result these staff do not see the physical transaction actually taking place. This may lead to a lack of understanding of the accounting process. Knowledge in these other areas of accounting will enable the staff to contribute more effectively to the organisation.

The accounting staff should also be aware of the types of decision made by management like performance evaluation, budgeting and managing working capital.

An understanding of these management decisions would enable them to appreciate how their functions and information they provide fits into the overall objectives of the organisation.

PROGRAM OBJECTIVES
This course will enable accounting staff to do the following:-
  • Understand the accounting process and its concepts
  • Improve their skills in recording accounting information
  • Appreciate how their job function contributes towards the preparation of financial statements
  • Communicate more effectively with their superiors
  • Contribute effectively towards management decision making
  • Interpret financial statements to understand the financial strengths & weakness of the organization
  • Understand the importance and determinants of cash flow and working capital
  • Assist in the budgeting process
WHO SHOULD ATTEND

Accounts Clerks

Accounts Assistants

Costing Clerks

New Accounting personnel

METHODOLOGY

Interactive lectures, Discussions, Practical Exercises & Case Study

PROGRAM OUTLINE :-
  1. INTRODUCTION
    • What is Accounting?
    • Accounting Process
    • Role in today’s business
    • The Accounting Equation
    • Transaction Analysis
    • Exercise
  2. THE RECORDING PROCESS USING THE DOUBLE ENTRY

    JOURNALS & POSTING TO LEDGER

    • The Creditors Ledger
    • The Debtors Ledger
    • The General Ledger
    • Assets
    • Liabilities
    • Capital
    • Revenue
    • Expenses
    • Extracting the Trial Balance
    • Financial Statements
    • Exercise
  3. ADJUSTMENTS AT FINANCIAL YEAR END
    • Cash Versus Accrual Accounting
    • Matching Principle
    • Accrued Expenses
    • Prepayments
    • Impact on Financial Statements
    • Exercise

    ACCOUNTING FOR FIXED ASSETS

    • Historical Cost Concept
    • Depreciation – Calculation & Recording
    • Gain or Loss on Sale
    • Impact on Financial Statements
    • Exercise
  4. PREPARATION OF FINANCIAL STATEMENTS WITH ADJUSTMENTS
    • Income Statement
    • The Balance Sheet
    • Exercise
  5. FINANCIAL STATEMENT ANALYSIS USING RATIOS
    • Profitability Ratios
    • Efficiency Ratios
    • Liquidity Ratios
    • Gearing Ratios
    • Exercise
  6. BUDGETING
    • Sales and Collection Budget
    • Material Purchases Budget
    • Labour Budget
    • Overhead Budget
    • Cash Budget
    • Budgeted Income Statement
    • Exercise
  7. WORKING CAPITAL MANAGEMENT
    • Importance of Working Capital
    • The Operating cycle
    • The Cash conversion cycle
    • Accounts Receivable & Payable
    • Exercise
Your Trainer

Mr. Gerald Peries received his Master of Business Administration and Bachelor of Science Degree in Finance from Southern Illinois University, U.S.A.

Gerald has over 20 years’ experience in training and lecturing for various business organisations and private colleges & universities. His areas of expertise are in Finance and Accounting.

Gerald combines a wide range of practical and hands-on training experience in a challenging and interactive environment.

At present he regularly conducts training programs on Accounting Skills for Accounts Clerks & Assistants, Effective Cash Flow Management, Handling Full Set of Accounts/Book-Keeping Skills, Budgeting & Cost Control, Finance for Non-Finance Managers and Making Capital Investment Decisions.

He is also actively involved in lecturing on several M.B.A. and Degree programmes affiliated with University of Wales & Binary University.

Prior to this, he served as a Finance Manager for a large engineering company for several years where he was responsible for making investment, costing, financing and working capital decisions.

His specific duties among others were as follows:
Evaluating the viability of long-term projects and making appropriate recommendations to the board of directors.
Costing for Projects and preparing quotations.
Sourcing for appropriate financing upon approval of projects
Preparing the budgets for projects, ensuring compliance and investigating any deviations
Reviewing management accounting information with other departments and making presentations to the board of directors.
Managing the day to day running of the finance department.

He is also a certified trainer with PSMB (Perbadanan Sumber Manusia Berhad)

List of Companies that have benefited from his training:
Tenaga Nasional Berhad, MRCB, KLAS, Glomac Bhd, SPAD, IOI Bhd, Maju Holdings, Sime Darby Properties, Bank Pembangunan, Mitsui-Soko, Petronas, Hitech Padu, Darul Eshan Medical Centre, Brahim’s, Naza, Mattel, MAS, Westport and many other organisations.

Course Fee
(Course fee is inclusive of 2 tea breaks, lunch, course material,Certificate of Attendance)
Early Bird for training in KL : ( Book Before 12 November 2018 )
1 person or more ~ RM 1280 / person
Standard
1 person ~ RM 1380 / person
2 persons or more ~ RM 1280 / person
(Course fee is inclusive of 2 tea breaks, lunch, course material, Certificate of Attendance)
Terms & Conditions:
1. Registration & Fees Policy
Registration is confirmed once registration form is received via fax/email/mail. All Payments/Undertaking Letters/Local Order (LO)/Letter of Approval must be made available and presented prior to the course.
2. Cancellation Policy
Any cancellation must be received in writing within 7 working days prior to the event else full payment will be imposed. Any no-show by registered delegates will be liable for full payment of the program fees.
3. Disclaimer & Program Changes Policy
Scientia Training Sdn Bhd reserves the right to amend or cancel the event due to circumstances beyond its control. We reserved the right to modify the advertised topics or course timing whenever necessary.
Registration:
1. Fax 03-6207 6727
       OR
3. Payment shall be made payable to SCIENTIA TRAINING SDN BHD
Contact Us:
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