Financial Accounting And Reporting Skills For Managers And Executives

26-27 Jul, 2023, Melia Kuala Lumpur

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Dr Wendy Tee has over fifteen years of experience in senior management and human resources positions for diversified industrial and business environments. Graduated with a Doctor of Business Administration (UUM), Master of Business Administration (UM), Master of Information Technology (UM), Certified Financial Planner (CFP), Certified Business Coach (UM), Registered Financial Planner (RFP), Certified Trainer (PSMB) and Certified Advance Human Resource Practitioner (MIHRM), she has undergone intensive academic training in various human development and knowledge improvement.

 

As a trainer, speaker and consultant, Dr Wendy had spent hundreds of hours in training, speaking and conducting training related to personal development and performance management over the years. Her training sessions are enhanced with trainees getting exposure to personal development, improve service productivity and performance toward productivity. She commits herself towards creating results in personal excellence and inspiring people to do their best at whatever they do. Her vast experience and exposure in different industry has given her an in depth understanding training and development needs which she delivers with passion, performance, positive, integrity and energetic .

 

Dr Wendy is actively involved in management consultancy, management training and research. Her latest responsibility involves the business coaching, financial training, management consultancy, Accounting and Financial lecturing of Degree programs for Kolej Universiti Tunku Abdul Rahman . She has experience managing training programs covering from local universities, in house training and public seminar training, from designing training needs assessment, developing training materials, monitoring and tracking of training programs successfulness and implementing training evaluation. Having been trained as a qualified trainer, her skill and knowledge has been enhanced in operations effectives, fitness analysis, gap analysis and needs assessments.

 

Dr Wendy is also a Human Resource consultant and certified trainer now appointed from Harrison Assessment Talent solutions (HATS), Pembangunan Sumber Manuasia Berhad (PSMB) and National Human Resources Centre (NHRC), providing comprehensive and independent Human Resource advisory to clients. In addition to consulting with and servicing clients, she is responsible for HR assessment, HR training, coaching & advisory for the company.

 

Dr Wendy completed and passed her GST and SST exams organized by Chartered Tax Institute of Malaysia (CTIM) with the cooperation and support from the Royal Malaysian Customs Department (RMC). She has trained more than 75 SME companies in Malaysia for getting prepared on the post implementation of GST and SST, mainly dealing with the tax authorities over various indirect tax issues, elements and scope of indirect tax, cycle and operations, rulings, registration, administration, audit and investigations on behalf of her clients.

Venue Details

Melia Kuala Lumpur
16 Jalan Imbi, 55100 Kuala Lumpur, - 55100
Phone : (603) 2785 2828

https://www.melia.com/en/hotels /malaysia/kuala-lumpur /melia-kuala-lumpur

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 : Comprehending Financial Statements
  • Module 2 : Classification of Revenues, Expenses and Cost Centres
  • Module 3 : Classify Assets, Liabilities & Equity
  • Module 4 : Statement of Cash Flow
  • Module 5 : Corporate Financial Planning and Control
  • Module 6 : Getting to Grip with the Numbers Preparing A Financial Budget for
    Business Organization
  • Module 7 : Financial Analysis
  • Module 8 : Financial Analysis Case Study
INTRODUCTION

Organizations are increasingly seeing the importance of accurate and efficient financial statement analysis technique in shaping a more successful and prosperous organization overall.

Users of the financial statement of the company is usually concerned with and need to be informed about the financial position, results of operations and changes in financial position as a whole.

This course is intended to familiarize participants with the revised approved international standards on accounting as well as presentation of the financial statements. Participants will be able to apply financial management knowledge to their work, business and personal life.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Reading and interpreting any financial statements confidently.
  2. Applying financial tools and techniques to measure and evaluate business performance including those of competitors.
  3. Identifying the various uses of financial statements.
  4. Understanding how financial statements are used to assess company performance.
  5. Knowing how to improve business performance and profitability through the understanding of cash flow statement.
  6. Being better able to use and present financial information.
  7. Knowing the different techniques for preparing cash flow projections
  8. Calculating and interpreting liquidity, managerial efficiency, financial stability and profitability ratios.
  9. Recognizing the current financial reporting practices by companies in Malaysia.
  10. Applying financial statement analysis to assess the performance of a business.
  11. Establishing improvements to corporate management and reporting.
  12. Developing skills in analyzing accounting reports and evaluating organizational performance through statement of change in financial position.
  13. Being able to gain knowledge of master corporate financial planning, forecasting and budgeting, learning how to manage the financial management effectively in organization.
WHO SHOULD ATTEND
Financial professionals, accounts assistant manager or executives who are interested in understanding the application of company accounting and financial statement so that they can make some decisions on their own and can participate in the financial decisions of their business.
METHODOLOGY
Interactive lectures, practical exercises & discussion on all relevant aspects of company accounts and financial statements to ensure participants grasp clearly aspects presented.
Day 1
9:00

MODULE 1: COMPREHENDING FIANANCIAL STATEMENTS 

  • The importance to understand accounts
  • Business Activities
  • Objectives of financial statements
  • Users of financial statements
  • Quality Characteristics of financial statements
  • Constraints on relevant and reliable information
  • Elements of financial statements
  • Measurement of elements of financial statements


10.45

MODULE 2: CLASSIFICATION OF REVENUES, EXPENSES AND COST CENTRES

  • Contents of the Profit and Loss
  • Various types of expenses in the profit and loss
  • The difference between CAPEX and OPEX
  • Capital expenses definition and examples
  • Operating expenses definition and examples
  • Understanding depreciation and other non cash expenses
  • Treatment of accruals, prepayments and provisions
  • Types of costing- Fixed, variable, direct and indirect, service or operating costing
  • Inventory costing- FIFO, LIFO, average costing
  • Difference between cost centre and profit centre
  • Comprehending the profit and loss
  • Profit distribution and dividend policy 

 

1:00 Lunch
2:00

MODULE 3: CLASSIFY ASSETS, LIABILITIES & EQUITY

  • Elements of Balance Sheet
  • Current assets, fixed assets and intangible assets
  • Current Liabilities & long term liabilities
  • Working capital – inventory, receivables & payables
  • Contents of statement of changes in equity
  • Measurement of Shareholders Equity
  • Return of equity, capital structure, liquidity, solvency and flexibility
  • Comprehending the Balance Sheet

 

3:45

MODULE 4: STATEMENT OF CASH FLOW

  • Cash Flow Planning And Projection
  • Discovering the linkage between profit and cash
  • Usefulness of the statement of cash flow
  • Preparing the statement of cash flows – indirect and direct method
    - Cash and its relationship with other items in the Balance Sheet
    - Operating, investing and financial activities
    - Using cash flows to evaluate a company
    - Foreign currency cash flows

 

5:00 End of Day 1
Day 2
9:00

MODULE 5: CORPORATE FINANCIAL PLANNING AND CONTROL

  • The basis for corporate control
  • Resource assessment, gap analysis and financial modeling
  • Overview of corporate financial planning flow
  • Developing a long term and short term financial plan
  • The financial planning process
  • The role of managers in the operations and financial budgets
  • Cash Planning – Preparing a Cash Budgets
  • Profit planning- Proforma income statement and balance sheet
  • Evaluation of Proforma statements


10.45

MODULE 6: GETTING TO GRIP WITH THE NUMBERS PREPARING A FINANCIAL BUDGET FOR BUSINESS ORGANIZATION

  • Concepts of budgeting
  • Benefits of budgeting
  • Choosing the budget period
  • Participative budget system
  • Responsibility accounting
  • Budget committee
  • The role of managers in the operations and financial budgets
  • Preparing The master budget- components
    - Sales budget
    - Purchase budget
    - Overhead budget
    - Inventory budget
    - Selling and administrative expense budget
    - Variance analysis and performance report

 

1:00 Lunch
2:00

MODULE 7: FINANCIAL ANALYSIS 

  • Effective use of vertical analysis and horizontal analysis
  • Ratio analysts for business performance measurement and as an asset management and liability regulating tool
  • Methods of financial statement analysis – horizontal, vertical, common size statements, trend analysis ratio analysis
  • Types of ration comparisons- time series analysis, cross sectional analysis, benchmarking
  • Liquidity ratio
  • Activity ratio
  • Debt ratio
  • Profitability ratio
  • Limitation of ratio analysis

 

3:45

MODULE 8: FINANCIAL ANALYSIS CASE STUDY

  • How to read the financial pages
  • How to interpret and analysis financial statement
  • Suggests how the performance of the company can be improved
  • Comments the overall performance of the selected company and discusses the limitation of the report in analysing the performance of the company

 

5:00 End of Course