HRDF HRD Corp Claimable Full Set Accounting Training
100% HRDF / HRC Corp Claimable Full Set Accounting Training
11 June 2024 – 9am till 5pm
Face-to-Face Classroom
This HRDF HRD Corp Claimable Full Set Accounting Training will teach you the fundamentals of accounting and finance, enabling you to do bookkeeping and generate a full set of financial accounts upon successful completion of the course. You will begin with the basics and work your way up to more advanced concepts as you progress through this course. You will be taught how to create a balance sheet, income statement, and cash flow statement, as well as how to analyse financial statements, calculate crucial ratios, and comprehend their meaning. In addition to this, you will gain an understanding of the importance of managerial judgement in the selection of accounting estimates and procedures.
Learners are expected to be able to advance forward within their organisations using the abilities they acquire in this course, which will allow them to climb up the first rung of the ladder.
“Full set accounting” from HRDF HRD Corp Claimable Full Set Accounting Training, refers to the process of documenting, categorising, summarising, and evaluating a company’s financial transactions. This technique must be followed by each organisation in order to assess their financial performance and make decisions based on correct data.
In general, the following employees need to understand Full Set Account:
- Accounting personnel are in charge of accounting. Accounting personnel is responsible for day-to-day accounting tasks such as recording financial transactions, generating financial statements, and managing accounts payable and receivable. They are also in charge of keeping proper financial records.
- A financial analyst’s job is to analyse a company’s financial data in order to help businesses make informed decisions. They must comprehend full set accounting in order to review financial statements and identify trends, patterns, and inconsistencies.
- Company Owners: In order to efficiently manage their companies’ finances, business owners must have a basic understanding of complete set accounting. They must be able to read financial statements, analyse financial data, and make decisions based on the facts they have analysed.
- Auditors are in charge of inspecting financial statements and records to ensure that they comply with applicable accounting regulations and standards. They must understand Complete Set Account in order to carry out their obligations properly.
- Tax Professionals: In order to properly prepare tax returns, coach clients on appropriate tax planning approaches, and monitor their own compliance with applicable tax rules and regulations, tax professionals must have a solid understanding of Full Set Accounting.
LEARNING OUTCOMES
You will be able to do the following by the time this HRDF HRD Corp Claimable Full Set Accounting Training is over:
- To have an understanding of the accounting concepts as well as the standards that regulate them;
- To provide a comprehensive definition of the terminology and lexicon that are fundamental to accounting
- In order to be familiar with the basic concepts and procedures of accounting
- To understand the distinctions between the balance sheet and the profit and loss statement;
- In order to gain an understanding of how the day-to-day operations of the company would impact its finances and vice versa;
- In order to gain an understanding of the many kinds of financial reports, cash flow, and investment analysis;
- To prepare final accounts
WHO SHOULD ATTEND
- Accounts/Finance Department
- Admin, Clerk, Credit Executive that perform accounting related tasks
- Business Owners, Enterpreneurs
- Managers who like to learn to interpret and understand financial statements
Full Set Accounting Training Course Outline
Module 1: Introduction to Accounting
• Understanding the basic concepts of accounting
• Types of accounting and their uses
• Overview of accounting standards in Malaysia
Module 2: Financial Statements
• Understanding the purpose of financial statements
• The components of financial statements
• Preparing and analyzing balance sheets and income statements
Module 3: Accounting for Assets
• Types of assets and their characteristics
• Accounting for fixed assets, depreciation, and disposal
• Accounting for inventory and its valuation
Module 4: Accounting for Liabilities and Equity
• Types of liabilities and equity
• Accounting for loans, bonds, and leases
• Preparing and analyzing statements of cash flows
Module 5: Cost Accounting
• Types of costs and their behavior
• Cost-volume-profit analysis
• Budgeting and forecasting
Module 6: Taxation
• Overview of Malaysian taxation system
• Tax compliance and reporting requirements
• Tax planning and optimization strategies
Module 7: Auditing
• The role of auditors and their responsibilities
• The audit process and procedures
• Types of audit reports and their implications
Module 8: Professional Ethics and Standards
• Understanding the importance of professional ethics in accounting
• Code of ethics for accountants in Malaysia
• Overview of accounting standards and regulations
To summarise, everybody who specializes in finance or accounting, or who must make financial choices for a firm, should have a basic understanding of Full Set Account.
