2-Day Course

Book Keeping Skills & How To Prepare

A Full Set of Account 

3 & 4 May 2010

(9.00 am to 5.00 pm)

Hotel Singgahsana Petaling Jaya 

Who Should Attend:  

Account Supervisors, New Financial Executives, Office Administrators, Secretaries, Account Assistants, Clerks & Non Financial Staff     

Benefits: 

• Learn the proper accounting process
• Understanding the principle of double entry in accounting system
• Obtain knowledge in basic accounting & practices
• Knowing the recording of business transactions & documents used in business transactions.
• Know how to prepare a full set of financial statements

  CALCULATOR REQUIRED 

Course Outline: INTRODUCTION 

• Purpose of bookkeeping and accounting. 
• The accounting process
• Accounting principles

RECORDING BUSINESS TRANSACTIONS 

• Analyzing business transactions
• Clarification and meaning of Assets, Liabilities, Owners Equity, Income, Expenditure
• Recording business transactions
• Rules of double entries

DOCUMENTS USED IN BUSINESS TRANSACTIONS 

• Purchase Order
• Delivery Order
• Invoice
• Official Receipt
• Debit Note
• Credit Note
• Statement of Accounts
• Payment Voucher
• Bank Statement 

BOOKS OF ORIGINAL ENTRY 

• General Journal
• Sales and Purchases Journal
• Sales and Purchases Returns Journal
• Cash Book 

TRIAL BALANCE  

• Purpose of trial balance
• Detectable errors
• Non-detectable errors
• Preparation of Trial Balance

ADJUSTING THE ACCOUNT 

• Need for adjusting the account
• Adjusting entries for prepayment and        
• Accrual expenses and income received in
• Advance journalizing and posting adjusting entries

RELEVANT ACCOUNTING ISSUES 

• Bad Debt
• Provision for bad debts
• Bank Reconciliation

ACCOUNTING FOR FIXED ASSETS 

• Methods of calculation
• Accounting entry for depreciation charges
• Revaluation of Fixed Assets
• Gain or loss disposal of assets   

INVENTORY ACCOUNTING 

• Methods of valuation – First in first out,
• Last in first out, weighted average,
• Replacement cost

PREPARING FINAL ACCOUNT  

• Manufacturing Account
• Trading account
• Income Statement
• Balance Sheet

Methodology 

Lecture, group discussions, exercises      

Course Leader:  

Mr. Tam Fook Cheong is a fellow member of the Charted Association of Certified Accountant (FCCA), Associate Member of the Chartered Institute of Management Accountant (ACMA) and a Chartered Accountant of the Malaysian Institute of Accountant (CA). Mr. Tam has more than 25 years of working experience in Finance, Accounting & Administration and has held various Managerial Position in the Oil and Gas industry. 

Mr. Tam has been a regular speaker for various seminars, workshops as well as in-house training organized by Management Consulting firm and Australia Society of certified public Accountant. As a prolific trainer, he has presented numerous papers in Accounting and Corporate Finance related topics throughout Malaysian and Singapore.

In addition, he has been lecturing extensively in various colleges for the past 20 years specializing in Strategic Finance Management, performance Measurement, Financial Reporting for various professional examinations, namely ACCA, MICPA and ICSA. Currently, Mr. Tam is also a local counselor in the Finance Module of MBA for a distance learning program and MSC Finance.  

Course Fee: 

CLAIMABLE UNDER HRDF / SBL SCHEME

• RM 950.00 per participant
• RM 900.00 per Participant for 2 or more participants