Finance and Accounting

54%OFF
GST Updates, Tax Planning And Contentious Implementation Issues , .
 GST-Updates-Tax-Planning-And-Contentious-Implementation-Issues-hrdf-trainings

Introduction:

GST has been finally implemented on 1 April 2015 as part of the Malaysian Government’s tax reform initiative. Any person who makes a taxable supply for business purposes with turnover exceeding the threshold is required by GST Act 2014 to be registered for GST.

GST implementation has resulted the increase in workload, cost of doing business and most importantly affecting the cash flow of the company. Therefore, businesses have to be re-engineered and restructured in order to achieve the most tax-efficient structures and to conserve cash flow and profit to face the current uncertain economic environment. In addition, there are various GST contentious implementation issues and the Royal Malaysian Customs (RMC) are still providing updates and issuing penal decisions to address these issues.

This seminar is intended to provide latest updates, revisit the Malaysian GST model and key concepts of GST, and explore various tax planning opportunities and potential tax savings available to businesses.

How Will You Benefit

Key learning areas covered during this course include:

  • To provide latest GST updates
  • To revisit the Malaysian GST model and key concepts
  • To consider more tax-efficient business structures
  • To explore possible GST tax savings and reduce the cost of doing business
  • To manage and mitigate GST risks
  • To manage and conserve the cash flow of the company

Who Should Attend

This program is a must buy-in for Accounts Executive, Accountant, Finance Manager, Head of Department, Finance Director / Financial Controller / CFO, General Manager / COO / CEO and Director.

Methodology

This workshop will be interactive using power-point presentation with practical examples and illustrations.

Note: Participants are expected to have attended GST training and familiar with basic GST concepts and mechanism.

Module

  • LATEST UPDATES
  • GST CASE STUDIES FROM SINGAPORE, AUSTRALIA AND U.K
  • GST READINESS ASSESSMENT
  • GST TAX PLANNING AND CONTENTIOUS IMPLEMENTATION ISSUES
  • GST AUDIT
Learn More
  • Availability: 0 in stock
35%OFF
Implementation GST In Malaysia – Accounting Functions With Customs Approved Software , .
 Implementation-GST-In-Malaysia-Accounting-Functions-With-Customs-Approved-Software-hrdf-trainings

Introduction:

The GST implementation is part of the Malaysian government’s tax reform programme to enhance the capability, effectiveness and transparency of tax administration and management in the country. In line with our motive to support our clients’ business, we will be emphasizing on the implementation of the GST system and highlighting the potential implications of the system for the companies.

This one-day program focuses on the operational, accounting, control and reporting elements of GST. Participants will have the opportunity to evaluate their own company’s GST situation and evaluate the processes required for GST implementation.

How Will You Benefit

Key learning areas covered during this course include:

  • Have a deeper understanding of the principles of GST
  • Understand the concept of input tax and output tax
  • Awareness of the impact GST of employee benefits, entertainment and gifts
  • Learn the company-wide impact of GST, not just on the Finance department
  • Draw attention to the administration and operation of GST
  • Know when, how and the process of implementation
  • Understand how to map the tax codes with the accounting GL codes in all business transactions

Who Should Attend

This program is suitable for directors, corporate planners, business development managers/advisors, accountants, financial controllers, financial consultants, admin/purchasing executives, admin managers, accounts officers/executives and all business people.

Methodology

This stimulating program will maximise understanding and learning through lecture, interaction with the facilitator and participants will gain knowledge through illustrations.

Module

  • OVERVIEW OF GST SYSTEM IN MALAYSIA
  • INPUT TAX
  • CLAIM OF INPUT TAX CREDITS
  • ACCOUNTING FOR GST
  • GST ISSUES
Learn More
  • Availability: 0 in stock
54%OFF
Implementation Of Goods And Services Tax (GST) In Malaysia , .
 Implementation-Of-Goods-And-Services-Tax-(GST)-In-Malaysia-hrdf-trainings

Introduction:

The GST implementation is part of the Malaysian government’s tax reform programme to enhance the capability, effectiveness and transparency of tax administration and management in the country. In line with our motive to support our clients’ business, we will be emphasizing on the implementation of the GST system and highlighting the potential implications of the system to the companies.

This 2 day program focuses on the operational, accounting, control and reporting elements of GST. Participants will have the opportunity to evaluate their own company’s GST situation and evaluate the processes required for GST implementation.

How Will You Benefit

Key learning areas covered during this course include:

  • Understand the principles of GST
  • Understanding the concept of input tax and output tax
  • Awareness of the impact GST to employee benefits, entertainment and gifts
  • Impact of GST company wide, not just Finance department
  • Draw attention to the administration and operation of GST
  • Know when, how and the process of implementation

Who Should Attend

This program is suitable for Directors, corporate planners, business development managers/advisors, accountants, financial controllers, financial consultants, admin/purchasing executives, admin managers, accounts officers/executives and all business people.

Methodology

This is a lecture which includes interaction with the facilitator and participants will gain knowledge through illustrations.

Module

  • INTRODUCTION OF GST IN MALAYSIA
  • SCOPE OF GOODS AND SERVICES TAX
  • INPUT TAX
  • CLAIM OF INPUT TAX CREDITS
  • ACCOUNTING FOR GST
  • GST FINANCIAL CONTROL & REPORTING
  • AUDIT & RECORD KEEPING
Learn More
  • Availability: 0 in stock
54%OFF
Insight and Overview to Malaysian Private Reporting Standards (MPERS) , .
 Insight-and-Overview-to-Malaysian-Private-Reporting -Standards-MPERS-HRDF-Trainings

Introduction:

The Malaysian Private Entities Reporting Standard (MPERS) shall apply MPERS to all private reporting entities for its financial statements beginning on or after 1 January 2016. The MPERS is closely aligned to the IFRS for SMEs apart from the sections on income tax and real estate as well as the exemption of the presentation of consolidated financial statements. The requirements in all other sections in the MPERS are word for-word the IFRS for SMEs.

How Will You Benefit

Upon completion of this programme, the participants will be able to:

  • Provide an insight into MPERS to prepare the affected entities for the changeover from PERS to MPERS.

Who Should Attend

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

Methodology

Lecture-cum-discussions, Q&A sessions

Module

  • WHY IS THERE A NEED FOR THE IFRS FOR SMALL AND MEDIUM-SIZED ENTITIES (SMES)
  • SUMMARY OF DIFFERENCES BETWEEN
  • OVERVIEW OF MPERS
  • ASSETS
  • LIABILITIES AND EQUITY
  • GROUP
  • PROFIT OR LOSS
  • OTHERS
Learn More
  • Availability: 0 in stock
62%OFF
Managing Your Company Cash Flow , .
 Managing-Your-Company-Cash-Flow-hrdf-trainings

Introduction:

In today’s diverse and ever changing business environment, it is crucial for all managers, executives & officers to understand and appreciate the importance of cash flow management.

Acquisition of these skills would also enable these personnel to appreciate how their job function affects the cash flow of the organization, thus enabling them to better contribute towards the organisation’s cash flow.

How Will You Benefit

By the end of this workshop, participants should be able to:-

  • Understanding the importance of cash flow
  • Understanding the difference between profits and cash flow
  • Understanding the techniques of making long-term investment decisions for a healthy cash flow
  • Understanding the importance of managing working capital for a healthy cash flow
  • Understanding the importance of budgets as a planning and control tool for cash flow management
  • Understanding the in analysing financial statements with a view to improve the organisation’s cash flow.
  • Learn the budgeting skills.
  • Learn the skills in analyzing and selecting appropriate investment projects
  • Learn the skills in forecasting cash flow requirements
  • Learn the skills in monitoring cash flow

Who Should Attend

  • This program is suitable for Accounts Executives, Officers, Assistants & Accounts Clerks and Managers & Executives
  • Level for Executives and above

Methodology

This stimulating program will maximizes the understanding and learning through interactive, lectures, discussions, practical exercises & case study

Module

  • INTRODUCTION
  • CASH MANAGEMENT MODELS & FINANCIAL FORECASTING
  • MANAGING WORKING CAPITAL COMPONENTS
  • PREPARATION & PRESENTATION OF CASH FLOW STATEMENTS
  • BUDGETING – INTER-RELATIONSHIPS & PREPARATION
  • CAPITAL BUDGETING
Learn More
  • Availability: 0 in stock
62%OFF
Manufacturing Costing For Non- Costing Personnel , .
 Manufacturing-Costing-For-Non-Costing-Personnel-hrdf-trainings

How Will You Benefit

Upon completion of this programme, the participants will be able to :

  • Understand the basic cost concepts used in business
  • Appreciate management tools like Standard costing as part of costs control and how it is incorporated in Budgets
  • Understand variance analysis concepts (materials, labour and overheads/ machine) & responsibility accounting.
  • Calculate break- even point and target profits using CVP analysis
  • Appreciate Standard costing as a cost control tool
  • Learn how to costs control in each area of responsibility

Who Should Attend

Designed for non-financial managers and executives in every functional area, be it from Engineering, Production, Purchasing, Quality Assurance, and other departments who needs to develop a sound understanding of cost/management accounting and know how it relates to corporate planning as well as to their own functional areas

Level for Executive and manager above

Methodology

This stimulating program will maximizes the understanding and learning through lecture, discussion, case studies and practical activities.

Module

  • MANUFACTURING FINANCIAL STATEMENTS & FUNDAMENTALS
  • COST STRUCTURE AND BEHAVIOUR
  • ACTIVITY BASED COSTING & VALUE ADDED ACTIVITIES
  • STANDARD COSTING AS COST CONTROL TOOL
  • MATERIAL COSTS VARIANCE ANALYSIS
  • LABOUR COSTS VARIANCE ANALYSIS
  • OVERHEAD/ MACHINE COSTS ANALYSIS
  • DEPARTMENTAL COSTS CONTROL
Learn More
  • Availability: 0 in stock
62%OFF
Mastering Accounting and Financial Statement Analysis , .
 Accounting-and-Financial-Statement-Analysis-hrdf-trainings

Introduction

Organizations are increasingly seeing the importance of accurate and efficient financial statement analysis technique in shaping a more successful and prosperous organization overall. Users of the financial statement of the company is usually concerned with and need to be informed about the financial position, results of operations and changes in financial position as a whole. This course is intended to familiarize participants with the revised approved international standards on accounting as well as presentation of the financial statements. Participants will able to apply financial management knowledge to their work, business and personal life.

How Will You Benefit

Upon completion of this programme, the participants will be able to :

  • Reading and interpreting any financial statements confidently
  • Applying financial tools and techniques to measure and evaluate business performance including those of competitors
  • Identify the various uses of financial statements
  • Understand how financial statements are used to assess company performance
  • Knowing how to improve business performance and profitability through the understanding of cash flow statement
  • Being better able to use and present financial information
  • Knowing the different techniques for preparing cash flow projections
  • Calculate and interpret liquidity, managerial efficiency, financial stability and profitability ratios
  • Recognize the current financial reporting practices by companies in Malaysia
  • Apply financial statement analysis to assess the performance of a business.
  • Describe the establishing improvements to corporate management and reporting
  • Develop skills in analyzing accounting reports and evaluating organizational performance through statement of change in financial position
  • Knowledge of master corporate financial planning, forecasting and budgeting, learning how to mange the financial management effectively in organization

Who Should Attend

Financial professionals, accounts assistant manager or executives who are interested understanding the application of company accounting and financial statement so that they can make some decisions on their own and can participate in the financial decisions of their business

Methodology

Interactive lectures, practical exercises & discussion on all relevant aspects of company accounts and financial statements to ensure participants grasp clearly aspects presented

Module

  • COMPREHENSION FINANCIAL STATEMENTS
  • CLASSIFICATION OF EXPENSES AND COST CENTERS
  • CLASSIFY ASSETS, LIABILITIES, EQUITY, INCOME AND EXPENSES
  • CORPORATE FINANCIAL PLANNING AND CONTROL
  • CASE STUDY : GETTING TO GRIP WITH THE NUMBERS PREPARING A FINANCIAL PLAN FOR BUSINESS ORGANIZATION
  • FINANCIAL ANALYSIS
  • FINANCIAL REPORTING
Learn More
  • Availability: 0 in stock
62%OFF
Mastering Difficult Accounting Issues , .
 Mastering-Difficult-Accounting-Issues-hrdf-trainings

How Will You Benefit

Upon completion of this programme, the participants will be able to :

  • Able to explain and de-mystify the concept of Deferred Taxation.
  • Deciding criterias when a particular expenditure is a Capex or an Opex.
  • Knowing the tools on how to practically prepare an Operating Expenditure Budget (real life example)
  • The proper and practical way of preparing Capital Expenditure Budget with Payback and NPV analysis (including prioritizing projects).
  • Develop skills of formulating Standard Cost (including use of Bill of Material) in real environment.
  • Understanding fully and de-mystifying accounting entries for Standard costing system (variance journal entries) which is often misunderstood.
  • astering Inventory Accounting and how to manage it practically (Reconciliation templates: real life examples)Understanding practical accounting entries for Hire purchase and Leasing transactions in a company according to Accounting Standard

Who Should Attend

Accountants, Assistant Accountants, Accounting & Finance Executives, Accounts Assistant, Accounts/ Finance clerk, all financial personnel dealing with journal entries

Methodology

This course will be presented through interactive lecture, group discussion, case study, roll play and games

Module

  • DEFERRED TAXATION
  • MASTERING BUDGET : OPERATING EXPENDITURES (OPEX)
  • MASTERING BUDGET: CAPITAL EXPENDITURE ( CAPEX)
  • CASE STUDY: CAPEX EVALUATION AND PROJECT APPRAISAL
  • MASTERING STANDARD COSTING
  • MASTERING STANDARD COSTING : FINANCIAL SYSTEMS
  • PRACTICAL INVENTORY MANAGEMENT
  • MASTERING HIRE PURCHASE AND LEASING
Learn More
  • Availability: 0 in stock
54%OFF
MPERS (Malaysian Private Entities Reporting Standard) , .
 MPERS (Malaysian Private Entities Reporting Standard)-hrdf-trainings

Introduction:

All private entities would be required to apply a single financial reporting framework –the MPERS, effective 1 January 2016. This deadline leaves little time for “Sendirian Berhads” to get a better understanding of the MPERS. This training program aims to help participants to understand the salient section of MPERS, comprehend the financial impact of MPERS and plan for the implementation of the MPERS. The course can also assist practitioners, preparers and users of financial statements keep pace the new accounting pronouncements.

How Will You Benefit

Key learning areas covered during this course include:

  • The preparer will learn and improve the level of financial reporting and keep up new way business evolve and increase expectation from user of financial statement.
  • Ensure smooth transition MPERS and practical brief on apply the salient technical requirement of MPERS
  • Better understand the MPERS requirement and disclosure requirement
  • Rely less on external auditor by building up your own knowledge

Who Should Attend

This program can be further customized to cater for Account supervisor, Account executives, Account preparer, Auditors of Private Entities, Accountants, and Finance Managers.

Methodology

Lecture supported with power point presentation and discussion, use of illustrative examples, Q & A session

Module

  • PRIVATE ENTITIES
  • PRESENTATION OF FINANCIAL STATEMENTS
  • STATEMENT OF FINANCIAL POSITION
  • STATEMENT OF COMPREHENSIVE INCOME AND INCOME STATEMENT
  • STATEMENT OF CHANGES IN EQUITY
  • STATEMENT OF CASH FLOW
  • NOTES TO THE FINANCIAL STATEMENT
  • ACCOUNTING POLICIES, ESTIMATES AND ERRORS
  • PROPERTY, PLANT & EQUIPMENT (PPE)
  • REVENUE
  • IMPAIRMENT OF ASSETS
  • EVENTS AFTER THE END OF THE REPORTING PERIOD
  • COMPARATIVE ANALYSIS OF PERS & MPERS FRAMEWORK
Learn More
  • Availability: 0 in stock
58%OFF
Practical Budgeting and Cost Control Techniques .
 practical-budgeting-and-cost-control-techniques-hrdf-trainings

How Will You Benefit

Upon completion of this programme, the participants will be able to :

  • Show how budgets, corporate objectives and long-term plans are related
  • Explain the interlinking of the various budgets within the business
  • Construct various budgets, including the master budgets from relevant data
  • Use a budget to provide a means of exercising control over the business
  • Master the skills that are needed for budgeting succession
  • Understand why managers need to measure and manage budgeting

Who Should Attend

This program is suitable for Accounts Clerk, Assistants & Supervisors, Office Administrators, Administrative Assistants, new Accounting/Finance Personnel, Non-Financial Executives and all who need to learn about budgeting and costing.

Methodology

This stimulating program will maximize the understanding and learning through interactive lectures, practical exercises, discussions, and Q & A session.

Module

  • OVERVIEW OF BUDGETING
    • Stages In The Budgeting Process And Its Functions
  • TYPES OF BUDGETS
    • Sales Budget
    • Production Budget
    • Production Cost Budget
    • Ending Inventory Budget
    • Cost Of Goods Sold Budget
    • Selling Expenses Budget
    • Administrative Expenses Budget
    • Budgeted Income Statement
  • THE COMPONENTS OF FINANCIAL BUDGET
    • Capital Expenditure Budget
      Cash Budget
      Budgeted Balance Sheet
      Cash Flow Budget
  • APPROACHES TO BUDGETING
    • Fixed Budgeting Approach
    • Flexible Budgeting Approach
    • Incremental Budgeting Approach
    • Activity-Based Budgeting Approach
    • Zero-Based Budgeting Approach
    • Continuous Budget
    • The Distinctive Features Of Each Approach To Budgeting
  • PREPARING A MASTER BUDGET
    • The Preparation Of Master Budget
    • Operating Budgets And Financial Budgets
  • BUDGETARY CONTROL – COMPARING ACTUAL AND PLANNED RESULTS
    • Different Types Of Controls And Budgeting Control System
    • Controlling Discretionary Expenditures:
      • Implementing Budgeting
      • Zero-Based Budgeting
      • Project Funding
  • STANDARD COSTING AND VARIANCE ANALYSIS
    • Standard Cost And Budgetary Control
    • Variance Analysis
  • STRATEGIC THEMES FOR THE FINANCIAL BUDGETING PERSPECTIVE
  • Measuring Strategic Financial Budgeting Themes
  • Revenue Growth And Mix
    • New Applications
    • New Customers And Markets
    • New Relationships
    • New Product And Service Mix
    • New Pricing Strategy
  • Cost Reduction/Productivity Improvement
    • Increase Revenue Productivity
    • Reduce Unit Costs
    • Improve Channel Mix
    • Reduce Operating Expenses
  • Asset Utilization/Investment Strategy
    • Cash To Cash Cycle
    • Improve Asset Utilization
  • TARGET, RESOURCE ALLOCATION, INITIATIVES AND BUDGETS
    • Identify And Rationalize Strategies Initiatives & Business Initiatives
    • Link To Annual Resources Allocation And Budgets
Learn More
  • Availability: 0 in stock
35%OFF
Preparation for Compliance with GST Audit , .
 preparation-for-compliance-with-gst-audit-hrdf-trainings

Introduction

The introduction of Malaysian GST has resulted in significant impact on every stage of the distribution chain. In view of the complexities of GST, there are continuous clarifications, changes and updates after GST become effective on 1 April 2015. Since then, RMCD has issued 12 DG’s decisions and make amendments to most of the GST guides, especially on industry guides and specific guides. Due to the continuous DG’s decision and revision on GST guides, businesses need to be aware of how the changes will impact them and understanding the proper GST treatment of their business transactions and ensure filing of GST03 Return is done correctly without omissions and mistakes.

Objective

Upon completion of this programme, the participants will be able to :

  • Understand the Malaysian GST model and key concepts better
  • Be aware of the latest updates on GST rules relating to DG’s decisions and new GST tax codes
  • Understand the penalties under the GST Act 2014
  • Understand GST audit key focus areas and prepare for GST audit
  • Apply correct GST treatment and tax codes for different business scenarios
  • Know how to do GST03 Return filings, submission and payment properly

Who Should Attend

  • Accounts Executive
  • Accountant
  • Finance Manager
  • Head of Department
  • Finance Director / Financial Controller / CFO
  • General Manager / COO / CEO
  • Director
  • Anyone responsible to get the company to be GST compliant

Methodology

  • Interactive lectures
  • Presentation slides
  • Scenario studies
  • Q and A sessions

Module

  1. Revisit Malaysian GST model
  2. Latest GST updates and DG’S decisions
  3. Highlight of 10 most common mistakes made in GST filings
  4. GST audit key focus areas
  5. Discussion of common business scenarios with appropriate GST treatment
  6. GST new tax codes
  7. Review of GST03 Return
  8. GST penalties
Learn More
  • Availability: 0 in stock
54%OFF
Preparing Group Consolidation Under MFRS 3 And MFRS 10 , .

Introduction:

Equity is not the sole determinant for control. Apply the principles of control, joint control and significant influence appropriately based guidance given in MFRS 10, MFRS 11 and MFRS 128.

The principles for the preparation of a set of consolidated financial statements are set out in MFRS 3 and MFRS 10 under different scenarios:

  • At business combinations
  • Post business combination

How Will You Benefit

Upon completion of this programme, the participants will be able to:

  • Enhance their consolidation principles
  • Address changes in group structures

Who Should Attend

  • Group Accountants

Methodology

Lecture cum practice and case studie examples

Module

  • INTRODUCTION TO MFRS 10, MFRS 3 (REVISED) AND MFRS 127 (REVISED)
  • PRINCIPLES UNDERLYING THESE REVISED STANDARDS – SCOPE AND OBJECTIVES
  • CONTROL REDEFINED UNDER MFRS 10
  • JOINT CONTROL UNDER MFRS 11
  • IDENTIFYING A BUSINESS COMBINATION
  • APPLYING ACQUISITION METHOD OF ACCOUNTING FOR A BUSINESS COMBINATION – FAIR VALUE ADJUSTMENTS AND GOODWILL ON CONSOLIDATION
  • RECOGNIZING AND MEASURING IDENTIFIABLE ASSETS ACQUIRED AND THE LIABILITIES ASSUMED IN A BUSINESS COMBINATION
  • ACCOUNTING FOR NON-CONTROLLING INTERESTS (NCI) OF AN ACQUIRE
  • APPROPRIATE CONSOLIDATION ADJUSTMENTS FOR A BUSINESS COMBINATION
  • POST-COMBINATION ACCOUNTING
  • STEP ACQUISITION AND PARTIAL DISPOSALS
  • COMPLEX GROUP STRUCTURES
  • RELATED STANDARDS TO APPLY
  • RECOGNITION CRITERIA FOR INTERESTS IN JOINT ARRANGEMENTS AND ASSOCIATES
  • EQUITY METHOD OF ACCOUNTING
  • IDENTIFYING HIGH AND LOW RISK COMPANIES
Learn More
  • Availability: 0 in stock

Pin It on Pinterest