Introduction

Accounting has always been recognized as a very key function in any organization. It provides the basis for

information reports to be generated from these accounting records to help managers to make a more informed

and effective decisions to increase their organizational performance.

Accounting will forever be an extreme asset and vital aspects to one’s career and organization success. It is a “NEED

TO KNOW” subject matter.

With the introduction of SST after the GST, accounting transactions of Registered Manufacturers and Service Tax

Registered Person has this SST element and need to be treated with care in their reporting to Customs.

ALL Non-SST register organization may also need to know that SST on imported services also applies to

them and they also need to file returns to the customs.

Hence this Practical Accounting Skill training workshop incorporating Essential SST Accounting matters such as

Coding and Mapping forms and important part ranging from their dily Accounting work to the filing of returns.

Hence this program will help all Accounting Personnel to increase their effectiveness in their daily Accounting Work.

Objectives

By the end of this program, participants would be able to:

• Enhance the understanding of the key concepts and importance of the day to day Accounting activities

requirements in their work. • Learn and enhance the SST Accounting treatment capability and the periodical filing of SST return more

confidently.

• Learn the calculation and uses of ratio analysis and interpretation of financial statements

• Merging the acquired Accounting skills to a more effective communication and collaboration with other

disciplines

Venue: Hotel Armada Petaling Jaya

Date: 16th & 17th November 2021

Time: 9.00am – 5.00pm

Course Fee: (for the 2-days course)

Normal Price RM1,388.00/pax

Early Bird Promo (register before 12th November 2021) RM1,288.00/ pax

**Price includes: Speaker Notes, Attendance e-Certificate, Tea Breaks and Lunch

HRDCorp Claimable

COURSE OUTLINES:

Day 1

Morning (9.00am to 12.30pm)

1. Purpose of Accounting

a) What is Accounting, Book-Keeping, Transactions and an Account?

b) Accounting concepts, cycles and equations

c) Matching concepts in timing and operational control.

d) Accounting standards in used.

e) Main grouping of accounts

f) Users and benefits of accounting information.

2. Familiarization of daily key accounting terms

a. Grouping of Accounts

b. Distinction with examples between:

i. Revenue, and

ii. Capital expenditure

c. Distinction with examples between:

• Non-Current, and

• Current Assets

d. Distinction with examples between:

i. Non-Current Liabilities

ii. Current Liabilities

e. Know the real meaning of Property, Plant and Equipment

f. Definition of Intangible assets and when can it arise

g. What is Biological assets

h. What is Right of use assets

i. Depreciation, Amortization non-current (fixed) and intangible assets.

j. Asset impairment.

3. Daily Transactions Processing

a. Transaction Processing Framework

b. Transactional documentation processing for sales, purchase, sales and purchase

returns.

i. Document Matching,

ii. What document to match?

iii. 9Checking and approving,

iv. Account coding, posting and following up trail

Afternoon (1.30pm to 5pm)

4. Double Entry Accounting Systems

a. Roles and rules of double entry accounting system

b. Chart of Accounts – Mother rule of all postings

c. Various Books of Account – Gen. Ledger, Purchase Ledger, Sales Ledger, Journals, Cash

books, Petty Cash Book, Fixed Assets Register, etc.

c. Accounting double entries for Assets, Liabilities, Revenue, Expenditure and Capital.

d. Double entries for non-current (fixed) assets disposals

e. Journal entries for correction of errors.

f. Double entries for deemed supply treatment for Sales and Service Tax under:

i. Payback of sales tax exemptions given earlier

ii. Free goods and services

iii. Service tax for Imported taxable services

iv. Claiming service tax refund of digital tax incurred for resales.

v. Bad debt recovery

vi. Upon deregistration of taxable service provider

vii. Withholding tax payment

g. Calculation and double entries for Right of Use Assets and its double entries

h. Double entries on Hire Purchase and its interest calculation under Rule 78 (Sum of

Digit Method)

5. Month End Closing Adjustments

• Journal Double entries for monthly adjustments such as prepayments, accruals and

provisions for expenses and assets depreciation and amortizations

• Provisions for bad and doubtful debts, provision for stock obsolesces and provision

(impairments).

c. Extraction of Trial Balance and Financial Statements for financial performance analysis:

i. Statement of Income (Profit and Loss Account)

ii. Statement of Financial Position (Balance Sheet)

iii. Statement of Cash flow.

d. Cost of Sales calculation

Day 2

Morning (9.00am to 12.30pm)

6. Bank and Petty Cash Control System

a. Accounts that need to reconcile:

i. Every Bank Account

ii. Every intercompany and related companies account

iii. Major Creditors account

b. Process of preparing the reconciliation statement

i. Identified the difference between your record of their accounts and their

record of your accounts – their statement of account.

ii. Investigate the cause of the difference and then:

➢ Adjust your records (books of account)

➢ Inform the other party to correct their account if it is their mistake.

c. Bank Reconciliation:

i. Work out the adjusted cash book balance first

ii. Then reconcile the difference.

iii. Starting point – can be from your adjusted cash book balance or from bank

statement balance.

d. Petty Cash Control:

i. Imprest System management

ii. Payment policy and procedrues

iii. Record maintenance

iv. Reimbursement management

v. Posting to General Ledger

vi. Fraud and abuse control.

7. Preparation and Understanding of Financial Statements

a. Minimum information to be shown in the Financial Statement:

i. Statement of Profit and Loss

➢ Expense classification – by function or by nature

➢ How to identify by a layman

ii. Other Comprehensive Income

iii. Statement of Financial Position

➢ Presentation – Current & Non-Current

➢ Treatment of major repair or part change

➢ Understand Biological Assets

➢ Understand what is Right of Use Assets (RUA) from operating lease

➢ Understand what is Deferred Tax.

iv. Statement of Cash Flow

➢ Presentation – Direct or Indirect

➢ How to identify.

➢ Breakdown into from Operating, Investing and Financing Activities

v. Statement of Change in Equity.

b. Various Qualitative information that needs to be shown in the Financial Statement

c. Understand the different Audit Opinions

Afternoon (1.30pm to 5pm)

8. Evaluation of Business Performance from Financial Statements

a. Application of Accounting ratios:

i. Profitability (returns on Sales, Assets Invested, Equity, Investments).

ii. Liquidity

iii. Actual meaning of over trading and its calculation

iv. Efficiencies

v. Stability

b. Application of various cash ratios

c. Limitation on the usage or ratios

9. Budgetary Control – Variance Analysis between actual and budget

a. Detail Sales Variance analysis matrix

i. Price

ii. Volume – mixed and quantity

b. Detail operating expenses analysis matrix

c. Manufacturing material variance analysis

i. Usage and Price

ii. Mix and Yield

d. Production Labour Variance analysis

i. Hour usage

ii. Rate

iii. Idle time

e. Overhead variance analysis

i. Usage

ii. Absorption

f. Variance analysis contribution to business performance.

g. Factors that give rise to variances

Main Trainer: Mr Tan Kok Tee

Tan Kok Tee has 40 years of working experience in financial, strategic

and general management field. He has held a variety of leadership and

senior management roles in various organizations, the last being

Group Chief Executive Officer. More than half of these time are spent

in the Manufacturing, Marketing & Distribution and Services

organizations, including those with the then Inchcape Timuran Berhad,

Metroplex Berhad, Perdana Industries Berhad.

He is a Fellow member of the Association of International Accountants,

UK; Member of the Institute of Public Accountants, Aust.; Certified

Commercial Accountant, (M); Member of the Chartered Tax Institute

of Malaysia; Member of the Malaysia Associations of Company

Secretaries (M) and a Gold Mastery Holder in Reinventing Strategic

Planning and Management from the Haines Centre for Strategic

Management, sponsored by University of San Diego, USA.

He is also a Certified Trainer with PMSB’s (HRDF) Train The Trainer Certificate since 2009, a GST Agent registered with MOF

and Holder of the GST MyGCAP certificate from RMCD and a Life Member of the Malaysian Institute of Directors.

Kok Tee has been involved in Advisory, Training and Facilitation on a part-time basis from 2009-2013, and full time from 2014

to now.

To-date he had conducted about 400 training workshops throughout Malaysia on topics on GST; SST; Practical Accounting

for Accounting Staffs; Reading, Analysing and Interpreting Financial Statement; Accounting and Finance for non-Accounting

Managers; Customers Credit Evaluations and Collection Strategies; Incoterms, LC Operations and Trade Financing; Mastering

Strategic Planning and Management and Financial Statement Hands On Application to MBRS, for both in-house as well as

public, including to Government Authorities, Chamber of Commerce, Government Link Companies, Banks, Malaysian

Institute of Accountants, Chartered Institute of Management Accountants, CPA Australia, Malaysian Institute of Chartered

Secretaries and Administrators, Selangor State Human Resource Development Centre, Negeri Sembilan State Skills

Development Centre, NGOs, Bintulu Port as well as for various public training providers.

To-date more than 15,000 executives has been trained by him and was a Lead GST Trainer for Malaysia Export Academy in

2014-2015. Kok Tee has also been a hands on SST practitioner during the SST01 regime until its abolition.

He also developed and delivered an entrepreneurship program specially designed for MBA students from GC University,

Pakistan in collaboration with Sunway Education Group for period 2010 to 2014 and was an invited speaker for the Asian

Financial Controller’s Congress in 2009, 2010 and 2011.

METHODOLOGY:

Lecture, power point presentation, questions & answers session

As this is a training workshop, participants besides attending lectures are also required to work together in pairs

and groups to have hands on exercise to recap the learnings together. Hence a Calculator is required. Participants

are also encouraged to bring their real working questions for discussions.

Target Participants

• Fresh Accountants / Accounting Graduates,

• Junior Accounts Executives & Accounts Supervisors,

• Accounts and Administrative Assistants,

• Book Keepers & Accounts Clerks

• All other persons who are involved in and/or interested to enhance their

practical accounting skills to support their business operations.

HRDF Registered Company

(If Yes, please tick)

Course Fee No. of participants Total Fees

Normal Fee RM1,388.00/pax

Register before 12th November 2021 Early Bird Rate RM1,288.00/pax

Total pax RM

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Cheque should be crossed and made payable to YOUNG TITANS ENTERPRISE. Payments can be deposited into

our account - MBB: 512754-555 259. A copy of the bank-in slip should be scanned and emailed to

seminar.young.titans@gmail.com.

Cancellation/ transfer policy: Payment is refundable for cancellation if cancellation is in writing received 7 working days before the event. You can substitute an alternative participant, particulars of which should be given to us in writing before the event. If any participant is absent on the event day, full payment is chargeable.

YOUNG TITANS ENTERPRISE (YTE) reserves the right to change the venue(s), date(s) speaker(s) or cancel the event due to circumstances beyond its control. YTE also reserves the right to alternative arrangements whatsoever without prior notice to you, should it be necessary to do so. Upon signing the registration form, you are hereby deemed to have read and agreed to the terms and conditions herein.

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DETAIL

PAYMENT METHOD

Should you have any further enquiries, please do not hesitate to contact us.

• Email : seminar.young.titans@gmail.com

• Contact : Mr Teoh Contact No: 011- 1057 3088 • Address: Pelangi Damansara, Petaling Jaya, Selangor

Workshop Title: Practical Accounting Skills in Handling Full Set of Accounts For

Accounting Supervisors, Executives, Assistants and Clerks

Event & Date: 16th & 17th November 2021, Tuesday & Wednesday (9.00AM – 5.00PM)

Venue: Hotel Armada, Petaling Jaya, Selangor