(MC) Maintaining A Full Set of Accounts, Withholding Tax & Corporate Tax

15-16 Feb, 2023, Armada Hotel

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Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD. in international finance with Rushmore University of USA.


Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period.

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and had successfully completed the Custom examination.


Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd, Singapore, Lexis Nexis, Proton Edar Malaysia, Brunei Investment Agency, Small Medium Industries Development Corporation, Asia Business Forum Pte Ltd, Hong Kong, Ministry of Development, Brunei, BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam. Continental Tyres, Sime Darby Bhd, Sony Malaysia Sdn Bhd, Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, SYNERGY RMS PTE LTD, India; UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) Sdn Bhd; Dialog Group Bhd; SEDCO, KK; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd & VMAC Business Group (M) Sdn Bhd, China.


He is currently providing management consultancy and training specialising in Forecasting, Fast Closing Monthly, Leadership, Strategic Planning, Budgeting, Accounting, Finance, Cost Reduction, Credit Management & Loan Recovery.

Venue Details

Armada Hotel
Lot 6, Lorong Utara C, Section 52, 46200 Petaling Jaya. Selangor Darul Ehsan,
Phone : 03 7954 6888
Fax : 03 7958 5593

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

FOCUSING ON
  • Module 1: Understanding Accounting Terms
  • Module 2: Managing P&L & Cash Flow (Simulation Exercise)
  • Module 3: Recording And Analysing Business Transactions
  • Module 4: Accounts Receivable (AR) & Accounts Payable (AP)
  • Module 5: Adjusting Accounts And Preparing Financial Statements
  • Module 6: Preparation Of Final Accounts
  • Module 7: Cash Flow Statement
  • Module 8: Financial Ratios Analysis
  • Module 9: Withholding Tax
  • Module 10: Understanding Tax

    Special Feature: Participants Will Receive a Set of Practical Templates suitable for all sectors.

    INSTITUTE OF PROFESSIONAL ADVANCEMENT IPA as a professional body is dedicated to continuing education, training and development of all success-driven organizations and individuals. Certificate of Completion with 14 hours CPD points will be awarded upon completion.
OBJECTIVES

The primary goal of this course is to help professionals who have little or no knowledge in finance and accounting in developing sound financial knowledge to read and understand financial reports.

Participants are required to prepare a full set of accounts i.e. preparation of journals, posting to ledger, preparation of trial balance, preparation of month-end adjustments, preparation of income statement and balance sheet. Real-current accounting cases will be analyzed and scenario solutions will be discussed in the course.

COURSE LEARNING OUTCOMES (CLO)
  1. Report a full set of accounts i.e., preparation of journals, posting to ledger, preparation of trial balance, prepare month-end adjustments, prepare income statement and balance sheet.
  2. Classify how to read Profit & Loss Statement
  3. Distinguish Profit and Loss Statement to evaluate performance
  4. Perform Managing Account Payables & Account Receivable
  5. Follow Corporate Tax Computation
  6. Understanding the relationship between cash flow statement and balance sheet
  7. Knowing how to look for information efficiently in the annual report
  8. Learning how to size up a company quickly by reading their financial ratios
  9. Knowing how will the Withholding Tax Changes Affect My Business?
WHO SHOULD ATTEND
Accounts Executive, Senior Account Executives, Supervisors, Accounts Assistants and all Professionals who are interested in Accounting.
METHODOLOGY

Interactive Lectures, Case Studies & Group Discussions.


Special Feature: Participants Will Receive a Set of Practical Templates suitable for all sectors. These templates;4

  • Ease in planning, reporting & decision making process
  • Snapshot of overall issues & problem
  • Financial modeling using goal seek strategies for cash flow, profit, sales target, budgeting & working capital requirements.
DAY 1
9:00

MODULE 1: UNDERSTANDING ACCOUNTING TERMS

  • How is financial accounting different from management accounting?
  • Which do you need to know?
  • Accounting terms, concepts, double entry rule and accounting cycle
10.45

MODULE 2: MANAGING P&L & CASH FLOW (SIMULATION EXERCISE)
Objective:

  • with little or zero accounting knowledge, will walk you through Your business or new business on sales, purchases, operating expenses, investment, capital injection, depreciation & interest payment
  • you see your own P&L, Balance sheet, cash flow & equity
  • provide strategies (using goal seek) to improve your cash flow & P&L position
12.00

MODULE 3: RECORDING AND ANALYSING BUSINESS TRANSACTIONS

  • Understanding Main Books of Accounting System for any type of Business Operations
  • Journal, Ledger and Source Documents
  • Ensuring Relevant Supporting Documents for Accounting Transactions
  • Books of Original Entries – Types of Journals and Cash Book
  • Ledger System – General Ledgers, Subsidiary Ledgers – Posting into Ledgers
  • Proper Classification of Expenses to Avoid problems with Tax Authorities
1:00 Lunch
2:00

MODULE 4: ACCOUNTS RECEIVABLE (AR) & ACCOUNTS PAYABLE (AP)

  • Understanding How AR & AP Work & Relate to General Ledger
  • Performing AR, AP Reconciliation
  • Timely payment due incomplete documents
  • Received invoices late from vendor/outlets
  • PO not stated on the invoice
  • Timely closing of AP/accruals
  • PO issued but invoice never reached AP
  • Cancellation of PO was never informed
3:45

MODULE 5: ADJUSTING ACCOUNTS AND PREPARING FINANCIAL STATEMENTS

  • Accrual Basis versus Cash Basis
  • Recognizing Revenues & Expenses
  • Adjusting Accounts
  • Unearned (Deferred) Revenues
  • Accrued Expenses
  • Links to Financial Statements
  • Preparing Financial Statements
5:00 End of Course
DAY 2
9:00

MODULE 6: PREPARATION OF FINAL ACCOUNTS

  • Balancing Accounts and preparing Trial Balance to ensure accuracy of double entry system
  • Detectable / Non Detectable Errors
  • Trading Accounts / Profit & Loss Accounts / The Financial Position
  • Final Accounts with Adjustment
  • The closures of books and transfer of balances to next financial year
  • Dealing with Bad / Doubtful Debts / Provisions, etc
10.45

MODULE 7: CASH FLOW STATEMENT

  • Lifeblood of business – Cash Flow Statement
  • Relationship between cash flow statement and balance sheet
  • 3 streams of cash flow, Operating ,Investing & Financing
  • How to determine financial health from cash flow pattern
  • Determining if the company is using internal cash flow to finance growth or relying on external financing
12.00

MODULE 8: FINANCIAL RATIOS ANALYSIS

  • Learn how to size up a company quickly by reading their financial ratios
  • Liquidity
  • Solvency
  • Efficiency
  • Profitability
  • Asset Management
  • Assessing drivers of company profitability and growth: -
  • Operations and investment strategies: operating and investment management
1:00 Lunch
2:00

MODULE 9: WITHHOLDING TAX

  • How Will the Withholding Tax Changes Affect My Business?
  • Withholding tax case study
3:45

MODULE 10: UNDERSTANDING TAX

  • Income tax computation
  • Non allowable deduction
  • Special deduction
  • Double deduction
  • Capital allowance
  • Approved Donation
  • Tax rate
5:00 End of Course