Handling Full Set of Accounts

Learn From The Best

Introduction

Who Should Attend

Senior and Junior Accounting Executives; Clerks involved in the accounting process of data input, processing and output stages; Supervisors; Assistant Managers.

Methology

Lectures, Slides Presentation, Exercises, Case Studies, Participants Interaction

After Attending, You Will Return To Your Job

To equip the participants with the knowledge and skills of preparing and presenting the full set of accounts in accordance with acceptable accounting standards, existing law, in the context of Malaysian Financial Reporting Environment.

Learn From The Best

FCCA[UK], CA[M], CMIIA, ACTIM, Associate of ACFE[USA], Associate of MACFE, Member of MATPRO, Member of IMA, Member of MIHRM, Member of MAPS, MBA [Accounting]

Hari Ramulu a/l Munusamy is a Chartered Certified Accountant, with wide experience in audit private practice and in financial/management/public sector accounting, auditing and taxation educational process, having been in the profession and industry since October 1974.


He started his career with Messrs: F.H.Eiles & Co., a firm of Chartered Accountants in London as an Audit Assistant in October 1976 (after Diploma in Accounting, Newcastle-Upon-Tyne). Subsequently, he continued his career as an Audit Supervisor with Messrs: Coopers & Lybrand (now known as PricewaterhouseCoopers), Kuantan in May 1984. In January 1986 he joined Messrs: Senthe & Co (a firm of Chartered Accountants in private practice in Petaling Jaya), as an Audit Manager, till December 2006. He had also worked as a group accountant for FARMCO Sdn. Bhd. He had lectured at various institutions of higher learning, as a part-time and full-time lecturer, from October 1988 till June 2014.


Over the years, he gained knowledge, experience, skills and expertise in accounting, auditing and taxation related services including tax investigation, forensic accounting and company valuation and floatation.


He is deemed to be a prolific speaker/presenter with excellent commendations from participants, at seminars, workshops, conferences. He has several public appearances relating to taxation, costing, budgeting, financial statements analysis, accounting standards, preparation of financial statements, financial statements fraud, forensic accounting and GST (pre and post implementation).


Professionally, he is a Fellow member of the Association of Chartered Certified Accountants of UK, a Chartered Accountant of the Malaysian Institute of Accountants, an Associate member of the Malaysian Chartered Institute of Taxation, a Chartered member of the Institute of Internal Auditors of Malaysia (affiliate of USA), an Associate member of the Association of Certified Fraud Examiners of USA, associate member of MACFE, member of MATPRO, member of IMA and a member of MAPS. His academic excellence is in the form of (a) Diploma in Accountancy (Newcastle-Upon-Tyne, England), and (b) Master of Business Administration (Accounting) from University of Newcastle, USA.

Handling Full Set of Accounts

22 - 23 February 2021

Introduction

A full set of Accounts [Financial Statements] for Enterprises & Companies comprise of, [1] the Statement of Comprehensive Income, [2] the Statement of Financial Position, [3] the Statement of Cash Flow, [4] the Statement of Changes in Equity, and [5] the Explanatory Notes. These must be prepared and presented under the Companies Act 2016 and in accordance with International (IFRS) and Malaysian Financial Reporting Standards (MFRS). 

Companies prepare financial statements for internal and external [publication] use. The seminar will discuss the recording, measurement, recognition, preparation, presentation and disclosure of the financial statements for both purposes/uses, for single entity medium and small companies [excluding group structures].

Program Outlines

DAY 1



Module 1

Purpose of Accounting

- Concepts & Principles

-  Characteristics of Financial Statements

- Identify Assets, Liabilities, Equity, Revenue, Expenses

- Simple full set of accounts



Module 2

Accounting Process System

- Accounting Process, Economic Events & Transactions

- Double Entry System

-  Trial Balance

- Errors in Recording


Module 3 & 4

Preparation & Presentation of Full Set of Accounts [for Internal Use], without adjustments

- Statement of Comprehensive Income [SOCI, formerly known as Trading & Profit &  Loss Account]

- Statement of Financial Position [SOFP, formerly known as Balance Sheet]

- Shareholders’ Equity [Share Capital and Reserves]



DAY 2


Module 1

Preparation & Presentation of Full Set of Accounts [for Publication] with adjustments

-  Closing Stock

-  Accruals

-  Prepayments

-  Unearned Revenue

-  Doubtful Debts

-  Bad Debts

-  Depreciation



Module 2

Accruals Basis of Accounting

- Cash Journal

- Petty Cash Journal

- Sales Journal

- Purchases Journal

- General Journal



Module 3

Preparation & Presentation of Full Set of Accounts [for Internal Use], for a Sdn Bhd



Module 4

Question & Answers


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Who Should Attend

Senior and Junior Accounting Executives; Clerks involved in the accounting process of data input, processing and output stages; Supervisors; Assistant Managers.

Methology

Lectures, Slides Presentation, Exercises, Case Studies, Participants Interaction

After Attending, You Will Return To Your Job

To equip the participants with the knowledge and skills of preparing and presenting the full set of accounts in accordance with acceptable accounting standards, existing law, in the context of Malaysian Financial Reporting Environment.

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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