This workshop 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 computerised accounting world, accounting staff may 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 too 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 computerised 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 organisation.

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 organisation.

This workshop will enable accounting staff to do the following:-

- Understand the accounting process and its concepts

- Improve their skills in recording accounting information 

- Appreciate how their job function contributes towards the preparation of financial statements

- Communicate more effectively with their superiors

- Contribute effectively towards management decision making

- Interpret financial statements to understand the financial strengths & weakness of the organization

- Understand the importance and determinants of cash flow and working capital

- Understand and assist in the budgeting process

• What is Accounting?

• The Accounting Equation 

• Transaction Analysis

• Basic Financial Statements

• Activity

 

• The Creditors Ledger

• The  Debtors Ledger

• The General Ledger

• Assets 

• Liabilities 

• Capital

• Revenue

• Expenses

• Extracting the Trial Balance

• Financial Statements

• Activity  

MODULE 3: ADJUSTMENTS AT THE END OF FINANCIAL PERIOD  

• Cash Versus Accrual Accounting

• Matching Principle

• Accruals

• Prepayments

• Impact on Financial Statements

• Activity

• Depreciation – Calculation & Recording

• Gain or Loss on Sale

• Impairment Loss

• Impact on Financial Statements

• Activity

MODULE 4: PREPARATION OF FINANCIAL STATEMENTS WITH ADJUSTMENTS  

• Income Statement

• The Balance Sheet

• Activity

• Profitability Ratios

• Efficiency Ratios

• Liquidity Ratios

• Gearing Ratios

• Case study

• The Operating cycle

• The Cash conversion cycle

• Importance of Working Capital 

• Accounts Receivable Management

• Accounts Payable Management

• Evaluating  short-term finance

• Activity

• Overview of Budgeting

• Sales and Collection Budget

• Material Purchases Budget

• Labour Budget

• Overhead Budget

• Cash Budget

• Budgeted Income Statement

• Activity

- Interactive lectures

- Discussions

- Practical Exercises & Case Study

- Accounts Clerks

- Accounts Assistants

- Costing Clerks

- New Accounting personnel

We Are An Approved Training Provider Under HRD Corp Claimable Course With Pembangunan Sumber Manusia Berhad (PSMB/HRD Corp)