Accounting Skills For Accounts Clerks & Assistants

Learn From The Best

Introduction

Who Should Attend

  • Accounts Clerks

  • Accounts Assistants

  • Costing Clerks

  • New Accounting personnel

Methology

Interactive lectures, Discussions, Practical Exercises & Case Study

After Attending, You Will Return To Your Job

  • 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

Learn From The Best

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 organizations 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 programs 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).

Training Specialization:

Accounting Skills for Accounts Clerks and Assistants, Finance for Non-Finance Managers & Executives/Finance for Non-Finance Personnel, Handling Full Set of Account/Sharpening Your Accounting Skills/Effective Book Keeping Skills, Effective Cash Flow Management, Accounting for Non-Accounting Personnel, Budgeting & Cost Control, Financial Inverstment Appraisal.


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.

Accounting Skills For Accounts Clerks & Assistants

14 - 15 December 2020

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 Outlines

INTRODUCTION

  • What is Accounting?

  • Accounting Process

  • Role in today’s business

  • The Accounting Equation

  • Transaction Analysis

  • Exercise

THE RECORDING PROCESS USING THE DOUBLE ENTRY JOURNALS & POSTING TO LEDGER

  • The Creditors Ledger

  • The Debtors Ledger

  • The General Ledger

  • Assets

  • Liabilities

  • Capital

  • Revenue

  • ExpensesExtracting the Trial Balance

  • Financial Statements

  • Exercise

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

PREPARATION OF FINANCIAL STATEMENTS WITH ADJUSTMENTS

  • Income Statement

  • The Balance Sheet

  • Exercise

FINANCIAL STATEMENT ANALYSIS USING RATIOS

  • Profitability Ratios

  • Efficiency Ratios

  • Liquidity Ratios

  • Gearing Ratios

  • Exercise

BUDGETING

  • Sales and Collection Budget

  • Material Purchases Budget

  • Labour Budget

  • Overhead Budget

  • Cash Budget

  • Budgeted Income Statement

  • Exercise

WORKING CAPITAL MANAGEMENT

  • Importance of Working Capital

  • The Operating cycle

  • The Cash conversion cycle

  • Accounts Receivable & Payable

  • Exercise

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Who Should Attend

  • Accounts Clerks

  • Accounts Assistants

  • Costing Clerks

  • New Accounting personnel

Methology

Interactive lectures, Discussions, Practical Exercises & Case Study

After Attending, You Will Return To Your Job

  • 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

Course Fees

Normal Fee ~ RM 1378 / person

Group Discount (for 3 or more participants) ~ RM 1240.20/ person

(Incl. 6% Service Tax)

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