2-Day Course

Advance Accounting Principles & Practices for Accounts Officer/Executive/ Manager 

16 & 17 Feb 09

9.00 am to 5.00 pm , Hotel Singgahsana P.J  

Who Should Attend: 

Account Supervisors/Officers/ Executives/Managers    

Benefits:  

CALCULATOR REQUIRED  

Course Outline :

THE FINANCIAL REPORTING FRAMEWORK IN MALAYSIA

• The Financial reporting Act and regulation
• Overview of the Malaysia Financial Reporting
• Approved Financial Reporting Standards
• The framework for the presentation of Financial statement
• Fair value basis of measurement  

FINANCIAL STATEMENT AND ACCRUALS BASIS OF ACCOUNTING 

• Income statement
• Balance Sheet
• Manufacturing account
• Prime cost
• Factory overhead
• Accrual
• Prepayment
• Bad debt and provision of bad debt
• Stock valuation  

ACCOUNTING FOR PROPERTY, PLANT & EQUIPMENT 

• Definition
• Determining cost
• Self-constructed project
• Depreciation and relevant accounting entries
• Disposal of asset  

IMPAIRMENT OF ASSETS(FRS 136)

• What is impairment of assets?
• Rules for impairment test
• Impairment test for Goodwill
• Recognizing and measuring an impairment loss  

ACCOUNTING FOR ACCOUNTING 

• Classes of share capital
• Share premium
• Reserve
• Bonus issues
• Issue of share via Right issues
• Loan Stock  

PREPARATION AND PRESENTATION OF FINANCIAL STATEMENT (FRS 101)

• Detailed analysis of preparing and presenting :
• Income statement
• Balance Sheet
• Statement of changes in equity
• Statement of recognized gains and losses
• Accounting policies
• Judgment  in applying accounting policy
• Notes to Financial Statement
• Illustration of Financial statement structures  

CASH FLOW STATEMENT  

• Advantages of cash flow statement
• Definition of cash and cash equivalents
• Classification of interest, dividend and taxation
• Presenting and reporting cash flow from operating activities, investing activities and financing activities
• Identifying non-cash transaction  

TECHNIQUES OF PREPARING CASH FLOW STATEMENT  

• Direct method
• Indirect method

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 900.00 per participant
• RM 850.00 Per Participant for 2 or more  participants