Understanding and Handling Full Set of Accounts in SST Environment

   HRD Corp Programme Number : 1000144447

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INTRODUCTION

This "Understanding and Handling Full Set of Accounts in SST Environment" programme enables participants to understand the bookkeeping process and how to prepare Full Set of Accounts leading to the preparations of financial statements. Participants will also understand the accounting principles and standards governing the preparation of the Full Set of Accounts and its Financial Statements and the accounting treatment of Sales and Service Tax (SST).

Download Brochure and Registration Form by clicking HERE

Training Date :
7th - 8th January 2025 (Hotel Armada Petaling Jaya, Selangor, Malaysia)
11th - 12th March 2025 (Dorsett Grand Subang, Subang Jaya, Selangor, Malaysia)
21st - 22nd April 2025 (Hotel Armada Petaling Jaya, Selangor, Malaysia)
12th - 13th May 2025 (Dorsett Grand Subang, Subang Jaya, Selangor, Malaysia)
10th - 11th July 2025 (Dorsett Grand Subang, Subang Jaya, Selangor, Malaysia)
7th - 8th August 2025 (Hotel Armada Petaling Jaya, Selangor, Malaysia)
6th - 7th October 2025 (Dorsett Grand Subang, Subang Jaya, Selangor, Malaysia)
6th - 7th November 2025 (Dorsett Grand Subang, Subang Jaya, Selangor, Malaysia)

LEARNING OUTCOMES

At the end of the "Understanding and Handling Full Set of Accounts in SST Environment" programme, participants will be able to:

  • Understand why accounting is important, the glossary of accounting terms, the fundamental accounting concepts used in Full Set of Accounts preparation, financial statements, journal entries, etc…
  • Explain the concept of double-entry (debit & credit) & able to perform the double-entry process
  • Better understanding of the relationship between the ledger accounts & the financial statements
  • Know how to provide for depreciation, bad debts & other entries, know how computerized accounting systems work
  • Prepare Statement of Financial Position and Statement of Profit or Loss Accounts and Other Comprehensive Income
  • Understanding the Impact of SST in the preparation of Full Sets of Accounts

Who Should Attend

  • Accountants
  • Accounts & Finance Executives / Clerks
  • Bookkeepers
  • Administration Executives / Clerks
  • Payroll Executives / Clerks
  • Credit Control Executives
  • General Clerks
  • IT personnel who are involve in Accounting System

and those who wish to obtain a Good Understanding on Preparation of Full Set of Accounts.

METHODOLODY

Lecture / Exercises / Group Discussion / Games / Videos

COURSE CONTENT

 DAY 1

THE NECESSITY OF BOOKKEEPING

  • Origin and brief background of bookkeeping
  • Why the Necessity of Bookkeeping
  • Difference between financial accounting and management accounting

ACCOUNTING CONCEPTS AND EQUATION

  • The fundamental Concepts and Assumption in Accounting
  • Accounting Equation
  • Rules of Double Entry System – Debit and Credit
  • The Accounting Cycle

RECORDING AND ANALYSING BUSINESS TRANSACTIONS

  • Understanding the Main Books of Accounting System
  • Journal, Ledger and Source Documents
  • Books of Original Entries – Types of Journals and Cash Book
  • Ledger System – General Ledgers, Subsidiary Ledgers – Posting into Ledger
  • Understanding How Accounts Receivable (AR) & Accounts Payable (AP) Work
  • AR, AP Reconciliation

FIXED ASSETS ACCOUNTING

  • Differentiate between Revenue Expenditure and Capital Expenditure
  • Depreciation Methods
  • Disposal of Fixed Assets

INVENTORY ACCOUNTING AND METHODS OF VALUATION

  • Reasons for keeping stock and the cost associated with the stock keeping
  • Different Valuation Methods of Inventory: FIFO, LIFO & Weighted Average
  • Advantages & Disadvantages of Each Method of Valuation

CAPITAL STRUCTURE 

  • Types of Share Capitals
  • Share Premium
  • How to record the Share Capitals including the Share Premium
  • Effect of Company Act 2016
  • How to record for IPO?

DAY 2

UNDERSTANDING THE CASH BOOK AND PETTY CASH

  • Understanding the layout of Cash book
  • Posting Cash Book Transactions into Ledgers
  • Preparing Bank Reconciliation Statements
  • Petty Cash and the system of controlling petty cash

PREPARATION OF FINAL ACCOUNTS

  • Balancing Accounts and preparation of Trial Balance
  • Detecting the errors or unbalance Trial Balance
  • Preparation Statement of Profit or Loss and Other Comprehensive Income / Statement of Financial Position
  • Final Adjustment - Bad Debts, Doubtful Debts, Provision of Taxation etc
  • The closures of books and transfer of balances to next financial year

COMPUTERIZED ACCOUNTING

  • Working in a Computerized Accounting Environment
  • Difference Between Manual & Computerized Accounting
  • Real Time vs Batch Processing

SST ENVIRONMENT

  • Sales Tax and Service Tax Legislations
  • Accounting for SST
  • Updates on SST

Click HERE to download the course content in pdf format

FACILITATOR

training provider malaysia, training programs, HRDF training provider , HRDF, training and development, employee training and development, human resource development, HR Training, train the trainer, corporate training, sales programmes, leadership programmes, effective business writing, coaching and mentoring, employee training, self improvement skills, employee development, staff training, finance for non finance managers, finance and accounting training courses in malaysia

Mr. Tan Chee Wan

PSMB Train-The-Trainer certificate no: TTT/6518

Qualifications:
Fellows Member of Chartered Management Accountant – FCMA (UK)
Chartered Accountant (Malaysia) – CA (M’sia)
Chartered Global Management Accountant – CGMA
Competent Toastmaster – CTM

Click Here to download Tan Chee Wan profile in PDF format

Tan Chee Wan is a Senior Member (FCMA) of the Chartered Institute of Management Accountants, CIMA and a member of Malaysian Institute of Accountants, MIA since 1992. He has been a Council Member of the CIMA Malaysia Divisional Council since 1998 until the Divisional Council dissolved in May 2012. Chee Wan is also a duly certified Competent Toastmaster of Toastmaster International.

Chee Wan has had a long and distinguished career as a Management Accountant in a number of well-known Malaysian and International Companies. He started his career in Finance as an Auditor. In 2000, he joined KNM Berhad as Group Financial Controller and played a pivotal role in KNM’s listing submission. In December 2005, Chee Wan returned to his hometown, Melaka and worked for Coats Thread (Malaysia) Sdn. Bhd. as Finance Manager / Director and retired in March 2012 to form Wanfah Prosper Training & Consultancy.

As the pioneer CIMA Global Membership Assessor from Malaysia, Chee Wan is actively involved in giving talks and doing workshops for potential members who wanted to apply for CIMA membership locally as well as in Singapore and has conducted in house training as well as public training programmes on Finance both locally as well as in Cambodia. With the expansion of more oversea Global Membership Assessors, Chee Wan has been mentoring two new Assessors in Malaysia.

After started his own business, Chee Wan has keep up todate of the current technology.  Among some of his achievement are created his own business websites, developed mobile apps and ventured into E-commerce.

All in, Chee Wan has more than twenty-five years of hands-on experience in different areas of management and functions in diverse industries such as in auditing, printing, construction, manufacturing, consultancy, engineering and trading. Other than the Finance, Accounting, Auditing, Taxation, Corporate Finance and Credit Control, some of the other functions include: general management, business development, business strategic planning, performance improvement, quality assurance, human resource management, information technology and management, budgeting and strategic cost management.

Chee Wan has attended the Train The Trainer Training conducted by PSMB and is a certified trainer under PSMB (Certificate No. TTT/6518).  Chee Wan is also a Certified GST Consultant / Trainer having attended the Royal Malaysia Custom GST training and passed its examination.

Comments from past participants :

 

"The content of the course very clear" - Ms Nur Natasha Faziera Binti Mohd Fadzil, Executive, Finance and Strategic Planning, UMW Corporation Sdn. Bhd.

 

 

" He change my thought about Accounting.  Accounts is easy when you know the concept" - Ms Nabilah Abu Bakar, Executive, Corporate Finance, Gas Malaysia Distribution Sdn. Bhd.

 

 

 

 

"Trainer present training very well.  Trainees can easily understand" - Ms Nursyuhada Binti Md Saleh, Accounts Executive, AFY Haniff Group (M) Sdn. Bhd.

 

    "Trainer's explanation is clear and easy to understand 😊" - Ms Ashley Chu Huey Ching, Senior Executive, Honda Trading Malaysia Sdn. Bhd.

 

TH Hotel staff attended Full Set Accounts in SST Environment  "It is very interactive and the trainer is very knowledgeable" - Cik Nik Nor Izzaty Binti Nik Md Nor Suhaimi, Finance and Admin Officer, TH Hotel & Residence Sdn. Bhd.

"Very knowledgeable and questions asked are well explained" - Ms Lee Li Yin, Finance Executive - Mobile Money International Sdn. Bhd.

 

 "Well done and Good Jobs! Keep going this course as it helps participants to understand the subject in-depth" - Mr. Harvinder Singh Dhillon, Assistant Accounts Manager - Emirates Shipping Malaysia Sdn. Bhd.

 

 "This course met my expectation"- Cik Suriati Binti Mohd Zawawi, Accounts Assistant - Voss Engineering Sdn. Bhd.

 

" Convenient, easy to learn and trainer well explain the content" - Cik Nur Amirah Mohamad Nasir, Accounts Assistant - Kinetics Systems Malaysia Sdn. Bhd.

 

Course Fees & Registration
FEE PAYABLE PER PARTICIPANT :

Normal Price                                          : RM2,518

Early Bird (15 days before event)       : RM2,298

Group Fee (>2 participants).               : RM2,078

Fee includes course materials, lunch, 2 tea breaks per day and Certificate of Attendance (upon completion of the training).

Download our Registration form Here and sent it to us by

Email : sales@wanfahprosper.com

WhatsApp : +60162634929

CANCELLATION / TRANSFER

Upon registering, participant(s) are considered successfully enrolled in the event.  Written cancellations / transfer notice (substitution or to later dates) received :

  • More than ten (10) working days before the event, a refund (less administrative charge of 15%) will be made.
  • Ten (10) working days or less before the event, no refund will be made.
  • For no show on the day of the event, full payment is required. If you cannot attend the event, you can nominate a substitute at any time without payment of an administration fee.
  • A full (100%) refund may be granted if the course is cancelled by Wanfah Prosper PLT (WFP). WFP reserves the right to postpone or cancel the event and / or change facilitator at any time should circumstances beyond its control arises. WFP also reserve the right to make alternative arrangements without prior notice should it be necessary to do so.

Payment

Please make cheque payable / direct credit to :WANFAH PROSPER PLT

Accounts Number : 3812930508

Bank : Public Islamic Bank Berhad

DATA PROTECTION

Personal Data is gathered in accordance with the Personal Data Protection Act 2010 (Act 709)