Mastering Accounting Skills for Manufacturing

At the end of the training program, participants will be able to:

• Acquire sound understanding of the basic accounting principles and their applications in the workplace.
• Having clear understanding on 5 major groups of accounts and its equation in making up the financial statements.
• Applying double entry system and procedure in recording business transactions.
• Learning how to prepare full set of accounts, trial balance and Financial Statements.
• Understanding relevant and important Malaysian Financial Reporting Standards to enhance the credibility and transparency of financial reporting.
• Accounting for inventories and learn its method of evaluation.
• Accounting for transactions and activities related to Property, Plant & Equipment
• Applying analysis of financial statements for management accounting, taxation and audit.

All personnel with a keen interest to apply the effective accounting principles in their manufacturing-related fields.

DAY 1: 9:00 AM – 5:00 PM

9.00AM - 10.30AM 
Module 1: Introduction to Accounting

• Understanding Accounting
• Purpose of Accounting and Its Importance
• Differences between Accounting and Finance
• Accounting Cycle

Module 2: Accounting Assumption, Principles & Assumptions

• Accounting Assumptions
• Accounting Principles
• Accounting Conventions

10.30AM - 10.45AM Break

10.45AM - 1.00PM 
Module 3: Understanding Basic Financial Reporting Standards

• MFRS 101: Presentation of Financial Statements
• MFRS 102: Inventories
• MFRS 116: Property, Plant & Equipment
• MFRS 124: Related Party Disclosures
• MFRS 137: Provisions, Contingent Liabilities & Contingent Assets
• MFRS 138: Intangible Assets

1.00PM - 2.00PM Lunch

2.00PM - 3.30PM 
Module 4: Accounting Process & Procedures

• Accounting Process
• Getting the Right Perspective
• A Bird’s Wings Balancing
• Completing Traditional Financial Layout
• Value Cycle of a Business

3.30PM - 3.45PM Break

3.45PM - 5.00PM 
Module 5: Preparing Full Set of Accounts & Trial Balance

• Double Entry System Through Accounting Duality
• Accounting Typical Business Transactions
• Prepare Accounts and Trial Balance
• Accrual & Matching Concept

Module 6: Accounting for Adjustment Entries

• Adjusting Entries During Closing of Accounts
• Methods to Identify Errors & Omissions to Ascertain Necessary Adjustments
• Typical Year-End Adjustments & Exercise

DAY 2: 9:00 AM – 5:00 PM

9.00AM - 10.30AM 
Module 7: Accounting for Property, Plant & Equipment

• Ascertainment of Acquisition Cost
• Methods of Calculating Depreciation
• Accounting for Depreciation Charges
• Accounting for Gain or Loss on Disposal of Assets
• Accounting for Revaluation & Impairment

10.30AM -10.45AM Break

10.45AM - 1.00PM 
Module 8: Preparing & Analysing Financial Statements

• Income Statement
• Balance Sheet
• Cash Flow Statement
• Telling a Business Story from Financial Statements
• Analyze Financial Performance Through 5 Categories of Financial Ratios: Activity, Profitability, Efficiency, Liquidity & Solvency

Module 9: Management Accounting

• Costing & Management Accounting
• Classification & Elements of Cost
• Costing Systems
• Costing Techniques

1.00PM - 2.00PM Lunch

2.00PM - 3.30PM
Module 10: Cost Volume Profit (Break Even)

• Decision Making: Make or buy or outsource
• Keep or drop, limiting factor & resources
• Breakeven Point

Module 11: Taxation

• Overview of Company Income Tax in Malaysia
• Tax Deductions
• Computation of Chargeable Income
• Differences between Income Tax and Deferred Tax
• Temporary Difference & Consequence of Temporary Difference
• Understanding Transfer Pricing in Malaysia
• MFRS 15: Revenue from Contracts with Customers
• MFRS 16: Leases

3.30PM - 3.45PM Break

3.45PM - 5.00PM
Module 12: Internal Auditing

• Overview of Internal Audit
• Types of Internal Audit
• Internal Audit Process
• The Importance of Internal Audit
• Internal Audit Vs External Audit

END

This training program will feature interactive presentations, practical exercises, group discussions and games for a stimulated learning environment.

En Suhaini Kasmuri (SK)

Chartered Accountant
MBA from Asia E University Malaysia
Bachelor Degree in Accounting, University Technology MARA

SK is a certified corporate trainer and business consultant specializing in design thinking and leadership development. He speaks passionately on people development, leadership behavioral change and innovation skills development for leaders and managers, particularly with a finance focus. 

SK is currently a Senior Consultant at DT Leadership focusing on innovation development apart from being a trainer on finance-related programs. He has 24 years of corporate working experience in a diverse range of industries. He has held several key senior management level positions including Chief Financial Officer of ACASIA Communications Sdn Bhd, and Fiberail Sdn Bhd, a subsidiary company of Telekom Malaysia.

He carries with him over 2 decades of experience as a business controller with extensive exposure in financial management, corporate finance, and planning. He was also involved in several corporate exercises including merger and acquisition, due diligence reviews and restructuring of companies.

His highest achievements include helping to grow a medium-sized organization from RM50 million to RM250 million turnover over a period of 10 years by building on innovative
business focused on continuous improvement and also through merger and acquisition exercises. 
He has trained hundreds of representatives from large and medium-sized organizations that include:
DHL
Bank Muamalat Malaysia Berhad
DRB-Hicom Group
Tenaga Nasional Berhad

Among his participants, SK is known for his practical and applicable job-related content that is delivered in an interactive and engaging manner. He exerts considerable influence on design thinking focusing on finance and innovation skills with his pleasant persona during training to ensure an accelerated learning experience. When he is not training, SK consults on business on leadership development, business innovation, and corporate services. SK is a registered trainer with PSMB/HRDC.

Upon successful completion of this program, you will receive a Certificate of Achievement.

1. Online Payment by Credit card: You can opt to register and pay online with our latest payment integration system through our website.

2. Bank Transfer- You can also opt to use GIRO or telegraphic transfer of payment via international banks.

3. HRD Corp Claimable Courses Skim Bantuan Latihan Khas - Applicable to Malaysian Employer Only

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