Advanced Accounting Skills for Accounting Staff

Advanced Accounting Skills For Accounting Staff

(Incorporating Financial and Management Accounting)

This Workshop Is Designed For Accounting Personnel To Further Enhance Their Knowledge And Skills To Assist Their Finance Manager Towards The Completion Of Annual Accounts, Analyzing Monthly Accounts And Recommending Practical Counter-Measures. Participants Will Further Develop Their Business Acumen And Be Able To Apply Financial Management Knowledge To Work, Business And Personal Life.

Training Objective

The Aim Of This Two-Day Workshop Is To:

1. Prepare Full Set Of Accounts

2. Analyze Financial Statements And Understand And Their Relationships

3. See The Underlying Business Dynamics From A Financial Perspective

4. Make Better Business Decisions With A Keen Insight For The Business Numbers

5. Build The Necessary Confidence To Work With Professionals

6. Build Cooperative Working Relationships That Enhance Departmental Value

7. Build A More Productive Relationship With Other Sections, Suppliers & Clients

8. Become A Team-Player In Achieving Financial Goals

9. Think “Bottom-Line” And Help Transform Performance Measures Into Results

10. Apply Knowledge To Enhance Profit For The Organization

11. Extend Professional Skills And Career Value.

Who Should Attend

·  Accounts Executives

·  Accounting Supervisors

·  Senior Accounts Clerks

·  Accounting & Finance Personnel Due For Promotion

·  Staff Who Require Further Knowledge To Assists Their Finance Managers

·  Personnel Who Have No Academic Background In Accounting But Have Mastered Double-Entry Accounting

·  Non-Financial Person Heading The Finance & Admin Dept

Methodology

Interactive Lectures Plus Hands-On Approach, Case Studies & Discussions

Training Contents

I. Review of Financial Statements at Year-End

PROGRAM SCHEDULE
Day 1
8:30 a.m. – 9:00 a.m. / Registration
9:00 a.m. – 10:15 a.m. / Training Start
10:15 a.m. – 10:30 a.m. / Morning Break
10:30 a.m. – 1:00 p.m. / Training Continue
1:00 p.m. – 2:00 p.m. / Lunch
2:00 p.m. – 3:30 p.m. / Training Continue
3:30 p.m. – 3:45 p.m. / Tea Break
3:45 p.m. – 5:30 p.m. / Training Continue
5.30pm / End of Day 1
Day 2
8:30 a.m. – 9:00 a.m. / Registration
9:00 a.m. – 10:15 a.m. / Training Start
10:15 a.m. – 10:30 a.m. / Tea Break
10:30 a.m. – 1:00 p.m. / Training Continue
1:00 p.m. – 2:00 p.m. / Lunch
2:00 p.m. – 3:30 p.m. / Training Continue
3:30 p.m. – 3:45 p.m. / Tea Break
3:45 p.m. – 5:30 p.m. / Training Continue
5.30pm / End of Training

·  Errors and Adjustments at Year End

·  Accruals, Prepayments, Bad Debts and various Provisions

·  Inventory Valuation Methods and its impact on the Income Statement

·  Format of Financial Statements

·  Managing the year-end audit process

·  Understand “Creative” Accounting” and its implications

II.Accounting for Business Performance

·  Understanding Financial and Management Accounting

·  Costs Concepts

·  Identifying Direct and Indirect Cost

·  Understanding Cost Behavior – Fixed and Variable Costs

·  Cost Allocation, Apportionment and Absorption

·  Elements of Cost, Profit and their Behavior

III. Costing for Management Decision Making

· Cost-Volume-Profit Relationship

· Break Even Point

· Limitations of the CVP model

· Costs and Activities

Case Study – Short Term Decision Making

IV. Financial Analysis and Control

·  Effective use of Vertical Analysis and Horizontal Analysis

·  Ratio Analysis as a Tool to Measure Business Performance

·  Profitability

·  Working Capital & Liquidity

·  Capital and Solvency

·  Assets and Efficiency

TRAINER PROFILE

Mr. Winson Han CA (M) CA (NZ) B COM

Mr. Winson Han is a Chartered Accountant by profession and has over 30 years of experience having served in various roles as practicing accountant, company secretary, financial controller and management consultant.

Mr Han is actively involved in conducting public and in-house seminars in financial analysis, financial planning & budgeting, cost management, and credit and collections for clients like Sime Darby, TNB, TM, RHB Bank, Ambank Group, MIA, MIM, CIMA, FMM, PNB etc over the years. He was the principal facilitator for “Financial Analysis and Valuation”, a core paper for a post graduate diploma in applied finance and investment awarded by FINSIA, Australia.

Mr. Han holds a degree in commerce from New Zealand and is a member of the New Zealand Institute of Chartered Accountants, Malaysian Institute of Accountants and Malaysian Association of Company Secretaries.

He is the Managing Consultant of Arrow Consulting Team Sdn Bhd, a company that focuses on assisting SMEs to better manage their businesses through an integrated process covering strategic planning; tactical design, planning and implementation; and monitoring, review and analysis.

Advanced Accounting Skills for Accounting Staff

CLEVERBRIDGE TRAINING RESOURCES

No.9A, First Floor, Lintang Pekan Baru, Off Jalan Meru, 41050 Klang, Selangor

Tel: 03-3343 2180 Fax: 03-3341 5755