2-Day Course 

Practical Accounting Principles & Practices & How to Prepare a Full Set of Account 

28 & 29 Oct 09

Time: 9.00 am to 5.00 pm 

 Venue: Hotel Singgahsan Petaling Jaya   

Who Should Attend?  

Account Supervisors, New Financial Executives, Office Administrators, Secretaries, Account Assistants, Clerks & Non Financial Staff who are interested to learn more about preparing full set of account and practical accounting practices.    

Objectives:  

• 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.
• Learn the proper accounting process
• Know how to prepare a full set of financial statements

Course Outline:  

INTRODUCTION 

• Purpose of book-keeping 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

THE DOUBLE ENTRY BOOK-KEEPING SYSTEM 

• Ledger Account for Assets, Liabilities
• Accounting for Fixed Assets
• Depreciation Methods
• Disposal of Assets
• Revaluation of Assets

BALANCING THE ACCOUNTS AND CLOSING ENTRIES 

• Balancing Account
• Closing Entries for Nominal Account
• Extraction of Trial Balance

 ADJUSTING THE ACCOUNTS 

• Need for Adjusting Entries
• Types of adjusting
• Prepayment
• Accrual
• Writing off and Provision of Bad Debts
• Income Received in advance

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

 COMPLETING THE ACCOUNTING CYCLE 

• Stock Valuation using FIFO, LIFO and weighted average

Methodology: 

Lecture & exercise  

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