Finance and Accounting

Introduction:

Many multinational companies (MNC’s) and government- linked companies (GLC’s) and other companies, banks, financial institutions, regularly recruited employees in the accounting and finance division. New practitioners need to be exposed to systematic training in order to boost their learning curve. Although they have acquired some basic knowledge in accounting and finance they need regular reinforcement in order to perform better in their area of specialization.

How Will You Benefit

Key learning areas covered during this course include:

• Understand the objective of a business
• Understand the role and task of the Finance Function
• Know the difference between Accounting vs Finance
• Understand the Financial Statements, Balance Sheet, Income Statement, Profit & Loss Account, Cash Flow Statement
• Interpreting the Balance Sheet, measuring & reporting Financial Performance
• Financial Planning, Projected Financial Statements
• Financial Statement Analysis & Interpretations

Who Should Attend

• All junior executive, new employees of the company from Accounting and Finance Department
• Trainees officers and all employees in the company especially in the Finance and Accounting
• Department
• Senior Manager and Managers from other Departments in the company
• All Accounting & Finance Practitioners

Methodology

The course will be conducted as an interactive session and course materials will be provided to all participants. Group Project and Case studies will also be used in conducting this programme. Module 3 and 4 will be conducted as a Workshop to effectively enforce understanding. Question and Answer sessions will be opened at the end of every module to enforce understanding and retention. The speaker will also share his experiences on various issues relating to the topic of discussion to further enhance understanding of the issues.

Module

Introduction:

Most of us flinch when we hear terms like depreciation, cash flow, balance sheet, and budgets. However, these are important concepts to understand if you are going to succeed in today’s business world, particularly as team leads, supervisors, or managers.

How Will You Benefit

What you will learn:

• Basic finance and financial management
• The Accounting Cycle
• Key reports: Income Statement, Balance Sheet, Cash Flow Statement
• Keeping Score: Chart of Accounts; Single vs. Double Entry Accounting
• Debits and Credits
• Financial Analysis Toolbox
• Identifying High and Low Risk Companies
• Basics of Budgeting

Upon completion of the training you will be able to…

• Describe the art of finance and key financial terms
• Determine your role in company finances
• Discuss various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
• Explain how a chart of accounts is created
• Explain single-entry and double-entry bookkeeping
• Differentiate between debits and credits
• Identify and analyze important financial data and make financial decisions
• Determine whether a company is financially high or low risk
• Explain what budgets are and how to prepare them

Who Should Attend

Managers, Executives, Supervisors, Team leads who have a vague understanding of accounting and finance in business operations. In this competitive and fast-moving, changing business environments – every employee should possess entrepreneur competencies – understanding the dollars and cents of businesses.

Methodology

Guided interactive learning – practical exercises – videos – case studies – examples.

Module

Introduction:

The Commercial Finance course has been developed to enhance the understanding of basic requirements in accounting processes in accordance to the accounting standards. It will provide a comprehensive platform for persons working in the accounts and finance departments to understand their role and responsibilities better. Learning these finance skills will allow the relevant department persons to adequately support the audit functions of a company or organisation with proper preparation of financial statements.

How Will You Benefit

With this programme participants will be able to conduct the following objectives resulting in being higher skilled which in return generates higher revenue this will then provide greater opportunities for bigger promotions or higher salary packages.

• Understand and appreciate the steps performed in the accounting process
• Be more knowledgeable on the important areas in accounting and time management
• Comprehend the nature and purpose of financial statements, the way accounting events are measured, recorded and reported to expedite the closing process
• Develop skills in understanding and analysing the preparation of financial statements to comprehend audit processes
• Understand the difference of accounting software versus manual accounting processes
• Serve as a refresher course for personnel with only practical knowledge in accounting processes

Who Should Attend

This course is suitable for Accounts Clerks/Assistants/Executives, Admin Executives, Costing Clerks, New Accounting Personnel, Accounting personnels with practical skills

Methodology

This is an interactive training programme, whereby participants are to gain the learning points through presentation, case study and workshop exercises.

Module

Introduction:

MFRS 112 – Income Taxes/ FRS 112 – Income Taxes deals with the accounting for the current and future tax consequences of transactions and introduces the concept of deferred tax to address the mismatch between taxable profits and accounting profits.

How Will You Benefit

What you will learn:

• Participants will gain a basic through to intermediate knowledge of underlying principles of deferred tax and its application.

Who Should Attend

• Accountants & Auditors
• Financial controllers and finance managers
• Academicians

Methodology

Lecture-cum-discussions, Q&A sessions

Module