Handling Full Set of Accounts

Learn From The Best

Introduction

Who Should Attend

The course is suitable for Senior Accounts Clerks and Accounts Executives whose responsibilities include the preparation of monthly management accounts and yearly Financial Statements as well as Finance Managers who need a refresher course on the preparation of accounts.

Methology

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

After Attending, You Will Return To Your Job

The objective of the course is to introduce the basic concepts of accounting and to highlight the importance of the need to have a proper set of underlying records books and records.


The sessions further cover the types of records that need to be maintained and how each of these records forms the basis for preparing the full set of accounts.

Learn From The Best

Mr. Hari Ramulu A/L Munusamy, 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] 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

15 April 2021 (9:00am-5:00pm)

Introduction

This one day course will review in detail the various types of transactions within an organization and how these transactions are understood and accounted for following the fundamental accounting core concepts.


The course will provide a walk-through of a large number of basic and complex transactions and the treatment of these in the light of the accounting standards.

It will also include step by step preparation of a full set of Accounts – Profit & Loss Account, Equity Statement, Cash Flow Statement and Balance Sheet management.


The course is steered to provide a detailed review of the concept of Monthly Management Accounts and Annual Financial Statements.

Program Outlines

9.00am – 1.00pm


Module 1: Fundamental Accounting Concepts

Module 2: Sole Proprietorship, Sdn. Bhd. and Bhd.

Module 3: Management Accounts vs. Statutory Accounts

Module 4: Underlying Reasons for Preparing a Set of Financial Statements

Module 5: Bank Reconciliations and the Rational of the Preparation

Module 6: Cash Book Analysis

Module 7: Petty Cash Analysis

Module 8: Preparation of Ledgers and Control Accounts

Module 9: Payroll and the Inclusion of All Related Human Resource Costs

Module 10: Concept of Aging and Inclusion in the Balance Sheet

Module 11: Loan Accounts and the Treatment of Principal and Interest


1.00pm – 2.00pm Lunch

2.00pm – 5.00pm


Module 12: Types of Fixed Assets and the Treatment of Depreciation

Module 13: Depreciation Write-Backs Due to Change in Policies

Module 14: Treatment of Stocks and WIP

Module 15: Profit and Retained Profits

Module 16: How and When to Make Provisions

Module 17: How and When to Provide for Bad Debts

Module 18: How and When to Recognise Sales Invoices

Module 19: How to Recognise Profit/Loss on Foreign Exchange

Module 20: Provision for Taxes

Module 21: Inland Revenue Requirements/Details of Certain Expenditure

Module 22: Disclosure Requirements

Module 23: Preparation for Audit

Module 24: Audit Adjustments and Journals


5.00pm  End of Course

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Who Should Attend

The course is suitable for Senior Accounts Clerks and Accounts Executives whose responsibilities include the preparation of monthly management accounts and yearly Financial Statements as well as Finance Managers who need a refresher course on the preparation of accounts.

Methology

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

After Attending, You Will Return To Your Job

The objective of the course is to introduce the basic concepts of accounting and to highlight the importance of the need to have a proper set of underlying records books and records.


The sessions further cover the types of records that need to be maintained and how each of these records forms the basis for preparing the full set of accounts.

Course Fees

Fee ~ RM 700 / person

(Incl. 6% Service Tax)

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