Basic Accounting Principles & Procedures

25-26 Apr, 2017, Vistana Kuala Lumpur

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Venue Details

Vistana Kuala Lumpur
9 Jalan Lumut, Off Jalan Ipoh, 5040 Kuala Lumpur - 50400
Phone : (603) 4042 8000
Fax : (603) 4041 1400

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Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

COURSE HIGHLIGHTS
  • The Accounting Process & Basic Concepts
  • The Principles Of Double-Entry
  • Extracting The Trial Balance
  • Preparation Of Financial Statements
  • The Accounting Cycle
  • Accrual Accounting & Adjustments
  • Accounting For Fixed Assets
WHO SHOULD ATTEND
  • Accounts Clerks
  • Accounts Officers
  • Accounts Assistant
  • Accounts Supervisors
  • Junior Executives
  • Administrators
  • Secretaries
  • This course is also suitable for new executives staffs without any accounting training
AFTER ATTENDING THIS COURSE,
YOU WILL RETURN TO YOUR JOBS …
  1. Learning the proper accounting process & concepts.
  2. Understanding the principles of double-entry in the accounting system.
  3. Understand the 5 elements of assets, liabilities, owners equities, incomes and expenses.
  4. Knowing how to prepare the trial balance.
  5. Learning to prepare a full set of financial statements.
  6. Understanding accrual basis of accounting and adjustments.
  7. Learning accounting practices for fixed assets.
 
DAY ONE
9:00 ACCOUNTING PROCESS & BASIC CONCEPTS
  • The Accounting Process :
    -- Identifying & Measuring
    -- Recording
    -- Communicating to users
  • Basic Concepts :
    -- Going-concern
    -- Accrual Basis & Matching
    -- Consistency & Uniformity
    -- Periodicity
    -- Materiality
10:45 THE PRINCIPLES OF DOUBLE-ENTRY
  • The Accounting Equation
  • Recording :
    -- Assets
    -- Liabilities
    -- Capital
    -- Incomes
    -- Expenses
11:30 EXTRACTING THE TRIAL BALANCE
  • To check the Arithmetic Accuracy of Double-entry Recording
  • Errors Revealed by the Trial Balance
  • Errors Not Revealed by the Trial Balance
1:00 Lunch

2:00 PREPARATION OF FINANCIAL STATEMENTS
  • The Trading Account
  • The Profit & Loss Account
  • The Balance Sheet
  • Using the Worksheet to Prepare Financial Statements
5:00 End of Day One

DAY TWO
9:00 THE ACCOUNTING CYCLE
  • Journalising & Source Documents :
    -- General Journal
    -- Specialised Journal
  • Source Documents :
    -- Receipts
    -- Vouchers
    -- Other documents such as rental agreement, S & P agreement
10:45 ACCRUAL ACCOUNTING & ADJUSTMENTS
  • Accrued Expenses & Accrued Incomes
  • Prepaid Expenses & Unearned Incomes
  • Writing off Bad Debts
  • Provision for Doubtful Accounts
1:00 Lunch

2:00 ACCOUNTING FOR FIXED ASSETS
  • Costs of Acquisition
  • Methods of Depreciation
  • Accounting for Depreciation
    Loss & Gains on Disposal of Fixed Assets
5:00 End of Course