ACCOUNTING PRINCIPLES AND PRACTICES



29718000FMM Institute (475427-W)Penang Branch228600149225FINANCE FOR NON- FINANCE EXECUTIVE/MANAGER23-24 May 2018 (MONDAY)9.00AM – 5.00 PMTraining Venue: Olive Tree Hotel,PenangSBL SCHEME100% CLAIMABLE FROM PSMB00FINANCE FOR NON- FINANCE EXECUTIVE/MANAGER23-24 May 2018 (MONDAY)9.00AM – 5.00 PMTraining Venue: Olive Tree Hotel,PenangSBL SCHEME100% CLAIMABLE FROM PSMBINTRODUCTION Finance impacts on all segments of an organization. It acquires fund, allocates resources, and tracks performance. In a profit-oriented company, the financial statements form the basis for the shareholder’s assessment of management’s record; in a not-so-profit-oriented organization, analysis may constrain management from meeting all the desires of its constituents. In either case it becomes a focal point for managerial attention, decision making, and accountability. Methods utilized by finance in performing these functions are important and relevant to executives who do hold a financial function in multi-business environment.CONTENTSINTRODUCTION TO ACCOUNTING AND FINANCE ? Financial accounting and Management accounting ? Financial terms/jargons ? The Accounting Equation ? Basic accounting principles ? Accounting assumptions BUSINESS SIMULATION 1: ? Join the simulation competition ? Set up a successful business entity ? Manage your budget to invest ? Decide how much to invest in research and development ? Decide sales and marketing strategies and expenses ? Decide how many units to manufacture ? Decide at what price to sell your products ? Manufacture and sell your products ? Review the financial reports ? Review performance versus competitors UNDERSTANDING FINANCIAL STATEMENTS ? Income Statement ? Balance Sheet ? Statement of Cash Flows ? Statement of Changes in Equity ? Understanding why some companies make profit/loss BUSINESS SIMULATION 2: ? Analyze the market and competition ? Manage your excess inventories ? Price your products carefully ? Manufacture and sell your products ? Review the financial reports ? Review performance versus competitors FINANCIAL STATEMENT ANALYSIS ? Common ratios in business ? Analyzing and Interpreting the financial Reports ? Understanding, Interpreting and making sense of internal reports ? Financial ratios and making sense of them ? Understanding the financial impact of various business scenarios BUSINESS SIMULATION 3: ? Analyze the market and competition ? Product Line and Brand Advertising ? Manufacture and sell your products ? Review the financial reports ? Review performance versus competitors ? Competency quiz COST ACCOUNTING PRINCIPLES ? Concept of costs and understanding costs behavior ? Direct & indirect costs ? Variable & fixed costs ? Contribution margin statement ? Making Decision with Break Even Analysis ? The importance of the analysis BEA BUSINESS SIMULATION 4: ? Analyze the market and competition ? Manage employee numbers, salaries, benefits and programs, and training ? Manufacture and sell your products ? Review the financial reports ? Review performance versus competitors ? Competency quiz PREPARING FINANCIAL BUDGETS AND FORECASTS ? Types of budget ? Steps in preparing budgets ? Cash flow projection ? Profit forecast BUSINESS SIMULATION 5: ? Analyze the market and competition ? Running Out of Money? ? Manufacture and sell your products ? Review the financial reports ? Who is the winner?OBJECTIVESThis programme is designed to help the participant to:Use knowledge of finance, to effectively manage the business outfits.Explain the concepts, languages and basic rules of accounting and finance.Apply the practical financial tools learnt to evaluate investment, finance and make other business decisions.Analyze accounting data, evaluate strategic options and interpret corporate financial performance.Take the hunches out of the decision making and reduce the unknown.Develop a solid financial background needed to hold one’s position in any financial discussion.THE FACILITATORMr Lok Char Lee holds a Bachelor of Accounting Degree (Hons) from Universiti Malaya and a Masters Degree in Information Technology from Universiti Sains Malaysia. He obtained his Accounting / Finance experience while working as Statutory Auditor, Business Advisor and Tax Consultant. His working experience encompassed various Accounting, Auditing, Costing and Taxation aspects for clients ranging from small and medium companies to multinational companies which consist of manufacturing, property development, construction and financial institutions. He is currently a partner for an auditing firm in Penang.Mr Lok has conducted many professional and degree courses such as ACCA, AIA and Australian University programme at Kolej Damansara Utama and TAR College, and he is currently appointed as Lecturer for Management School of USM. His training experience includes areas such as Malaysian and International Accounting and Auditing Standards, Income Tax Act, Taxation, Costing, Budgeting, Information Technology, Financial Management and Management Accounting. Mr. Lok is a member of Malaysian Institute of Accountants (MIA) and an Associate Member of the Malaysian Institute of Taxation (MIT).TARGET GROUPThis course is suitable for non-finance related Managers and Executives who have had little knowledge in finance, but find it important and relevant to have some knowledge pertaining to finance. ADMINISTRATIVE DETAILSCOURSE FEERM1100(FMM Member) / RM1250 (Non-Member) per participant(The fee includes luncheon, coffee/tea breaks and notes)DRESS CODE Office AttireREGISTRATIONParticipation in the programme is based on a first-come-first-served basis. Cheques made in favour of the “FMM Institute” should be forwarded on or before programme date to the FMM Institute, Northern Branch, Bandar Seberang Jaya. Participants who registered but did not attend, will be billed accordingly.CANCELLATIONThere will be no refund for cancellation within 2 days prior to the programme, 50% for cancellation between 3 – 6 days and full refund for cancellation 7 days prior to the programme. Please inform in writing if you intend to cancel. A replacement can be accepted at no additional cost.DISCLAIMERThe FMM Institute reserves the right to change the facilitator, date and to vary / cancel the programme should unavoidable circumstances arise. All efforts will be taken to inform participants of the changes. Upon sending the registration form, you are deemed to have read and accepted the terms and conditions.ENQUIRIESMs Nazliza / Mr Haffiz / Mdm RahayuFMM Institute No 2767, Mukim 11, Lebuh Tenggiri 2, Bandar Seberang Jaya, 13700 Seberang PeraiTel?: 04-6302052 ( Nazliza ) / 04-3992057 ( Haffiz )Fax?: 04-6302054 / 04-3994863 Email : nazliza@.my HYPERLINK "mailto:norazwani@.my" norazwani@.my REGISTRATION FORMFINANCE FOR NON-FINANCIAL EXECUTIVE /MANAGERTo : Ms Nazliza / Haffiz( Fax : 04-6302054/04-3994863 / nazliza@.my / norazwani@.my ) FMM Institute (Penang Branch) 1. Name :______________________________________________ Designation : __________________________________________Email:_________________________________________________2. Name :______________________________________________ Designation : __________________________________________Email:_________________________________________________3. Name :______________________________________________ Designation : __________________________________________Email:_________________________________________________4. Name :______________________________________________ Designation : __________________________________________Email:_________________________________________________Enclosed cheque / bank draft no. ________________ for RM__________________________ being payment for participant(s) made in favour of “FMM Institute”*Submitted By :Name:________________________________________ Designation:___________________________________Company:_____________________________________Address:________________________________________________________________________________________________________________________________Tel :_________________________________________ Fax:_________________________________________ Email:________________________________________GST Number:__________________________________ ................
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