Quality Dynamics Consultancy Sdn Bhd presents

Aug 20 - 21, 2014 (9am - 5pm) at Holiday Inn Kuala Lumpur Glenmarie

Accounting Skills for Accounts Clerks & Assistants

(by Mr. Thye Foot Leong )

objectives

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 computerized accounting world, accounting staff 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 computerized 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 organization.

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 organization.

program content

MODULE 1 :  INTRODUCTION TO ACCOUNTING
    - The Definition of Accounting
    - The Difference between Accounting and Finance
    - The Difference Types of Accounting
    - The Difference between Financial Accounting and Management Account
    - Characteristics of Useful Information
    - The Financial Objectives of Organisations
    - Generally Accepted Accounting Principles (GAAP)
    - Accounting Concepts, Principles, and Bases
  
MODULE 2 :  PREPARING BASIC FINANCIAL STATEMENTS
    - Major Types of Accounts
    - How Account Balances are Structured and Measured
    - The Uniform System of Accounts (Chart of Accounts)
    - The Mechanics of Accounting
    - Debits and Credits
    - The Accounting Equation
    - Balancing the Accounts
    - The Trail Balance

MODULE 3 : THE ACCOUNTING  CYCLE
    - Revenue Recognition Policies
    - The Accounting Cycle
    - Books of Original Entry
    - Business Documents and its Significance
    - Manual Accounting Cycle
    - Computer Accounting Cycle
    - The Work Sheet
    - Analytical Petty Cash Book and the Imprest System

MODULE 4 : ACCOUNTING FOR FIXED ASSETS
    - Measuring Profit & Loss
    - Distinction between Capital and Revenue Expenditure
    - Identifying Fixed Assets and its Significance
    - When to Capitalise Fixed Assets
    - Causes of Depreciation
    - Depreciation Policy and Impact on Financial Statements

MODULE 5 :  ADJUSTMENTS BEFORE FINAL ACCOUNTS
    - The Need for Adjustments before finalizing year end account
    - Account Receivable
    - Provision for Bad Debts and Bad Debts
    - Accrued Expenses
    - Prepaid Expenses
    - Revenue Owing at end of the period
    - Goods for own use
    - Amortization of Intangible Assets
    - Valuation of Stocks and Adjustments
    - Contingent Liabilities

MODULE 6 : FINANCIAL STATEMENTS
    - Periodic Reporting and the Reporting Year
    - Structure of Financial Reporting Requirements
    - The Purpose of Financial Statements
    - The Income Statement
    - The Balance Sheet
    - The Statement of Movement in Equity
    - The Cash Flow Statement

MODULE 7 : UNDERSTANDING COST MANAGEMENT
    - Role of Supporting staff in Cost Management
    - Understanding Costs Behaviour : Fixed and Variable Costs
    - Understanding Costs Classification and its Usefulness
    - Impact of Costs on Company Profitability
    - Ways in which Costs could be Minimised

MODULE 8 : DEVELOPING PERSONAL EFFICIENCY SKILLS
                        IN THE ACCOUNTS DEPARTMENT
    - New Directions in Accounting Personnel
    - Providing Management Information Systems
    - Organise daily work and routines
    - Plan for personal task and objectives
    - Filing System and Office Organisation

MODULE 9 :  CONCLUSION SUMMARY FOR THE TWO
                          DAYS PROGRAM

 

methodology

   -  Interactive lectures
   -  Discussions
   -  Practical Exercises & Case Study

who must attend

   -  Accounts Assistants
   -  Accounts Clerks
   -  Costing Clerks
   -  New Accounting personnel

investment fee / early bird by 06/08/2014

Standard: RM 1,395.00 / RM 1,295.00 per participant

Group discount: RM 1,295.00 / RM 1,195.00 per participant for a minimum of 2 participants from the same company

(Fee inclusive of Refreshment, Buffet Lunch, Training Bag, Handouts,  & Certificate of Completion)

registration & payment


PROGRAMS ARE CLAIMABLE UNDER SBL SCHEME

Please register online through www.qdc.com.my or call 03-78054587 / 03-78044196. Our phone line operation hours are from 8:30am to 6:00pm from Monday to Friday.

All registration MUST be accompanied with PAYMENT.

Completed registration form with CHEQUES should be made in favor of "Quality Dynamics Consultancy Sdn Bhd" and sent to:

(FEE PAID IS NOT REFUNDABLE but replacement may be made at no additional cost. Quality Dynamics Consultancy Sdn Bhd reserves the right to cancel or reschedule the above course and shall inform participants of the changes)

COURSE FACILITATOR - MR. THYE FOOT LEONG

Mr. Thye Foot Leong, is a member of the Malaysia Institute of Accountant. He qualified as a professional member of the Association of Chartered Certified Accountants (UK) in 1979.  After graduation, he worked in a professional audit firm for three years.  He has been engaged as a Senior Group Financial Controller and Deputy Chief Finance Officer in a Public Listed Company with KLSE for the last twenty years.  His scopes of responsibilities include Budgeting, Management Accounting, and Financial Management and Reporting, Corporate Finance, Corporate Planning, Strategic Management Business Processes and Control. He is also very well versed in the local business environment as the result of his broad background and exposure in Finance Management and Treasury.

He is also a member of the Havard Business School Alumni Club of Malaysia, and Malaysia Institute of Management. As a Certified Financial Planner, he is also a member of the Financial Planning Association of Malaysia and had been a past committee member of its PJ Chapter. He is also a Fellow Member of the Certified Public Accountants of Australia.

Mr. Thye is a past member and serves in several Committees/ Directorships of Rotary Club of Metro Kuala Lumpur.  He was the past president of ITC Toastmasters Club, Past Area Governor, Past Assistant Division Governor (Marketing), Past Assistant Division Governor (Education & Training), and Past Division Governor of the Pan-Southeast Asia Toastmasters District 51.

Mr Thye has trained personnel from various disciplines and industries including Reliance Pacific Group of Companies, Kumpulan Jetson Group of Companies, Allianz Life Insurance, ABB Malaysia, Marco Corporation, Satang Jaya Group of Companies, Peremba Construction,Malaysia Milk,IGC-Industrial Galvanizers Corporation,Motibina ,Gas  Malaysia,Morgan Carbon, Malayan Banking Berhad,  ABN Amro Bank, F&NCC Beverages, Draeger Safety Asia ,Ban Seng Lee Industries, Sinclair Knight Merz,CIMB ,JVC Video Malaysia, Printelligence  ,Multimedia Development Corporation, Siemens Malaysia, Unza Overseas Ltd, Schneder Electric Industries, Nikko Hotel, Coronade Hotel, Great Eastern Life Assurance Bhd, Mitsui OSK Lines, Delima Oil Products, Triways Travel Network, Century Total Logistics, Revertex ( Malaysia ) ,Perennial Lube-Tech, Golden Hope Research Centre, Malaysia Airports Bhd, BIMB Securities Sdn Bhd, UKM Kesihatran, Sapura Industrial Bhd, Neville-Clarke(M) , SOSMA Sdn, Bank Industri & Teknologi Malaysia, Boustead Group of Companies, Mofaz Group of Companies, Sinwah Industries Berhad, Guiness Anchor Berhad, Hong Leong Industries Group of Companies, etc.