Basic Accounting (PDT119)

19 September 2017 - 20 September 2017


This course provides participants with skills that are necessary to record business transactions and to maintain a complete set of financial statements for management and external parties.

This programme will equip participants with the skill and knowledge needed to:
• Understand basic accounting principles and concepts
• Understand related concepts of accounting information systems
• Understand different types of accounting books and documents
• Apply proper accounting techniques to record business transactions
• Demonstration and evaluation of accounting software in the market
• Accounting records for income tax purposes
• Practical principles of management and cost accounting

Module 1: History and the Necessity of Bookkeeping
• Origin and Brief Background of Bookkeeping
• Difference Between Financial Accounting & Management Accounting
• Why and Necessity of Bookkeeping
• Different Styles of Bookkeeping

Module 2: Glossary & Understanding of Terms (Depreciation, Financial Statements, Assets, Liability, Capital, Equity, Preference Shares, Debits & Credits, Amortisation, etc.)
• Understanding Financial Statements, Assets, Liability, Capital
• Explanation of Depreciation, Amortisation
• Understanding Share Capital, Debentures And Different Structures of Capital

Module 3: Concept of ‘Double-entry’ In Accounts
• What Is ‘Double-entry’?
• The Meaning of Balancing the Accounts And General Ledger
• Concept of Trial Balance and Financial Statements

Module 4: Accruals, Prudence and Matching Concepts
• Understanding Accounting Principles and Standards
• Understanding Accrual Concept
• Understanding Prudence Concept
• Knowing Matching Concept

Module 5: Journal Entries and Posting into Accounts; Non Current Assets Accounting
• The Concept of Journal Entries
• Concept of ‘Double-entry’ and Journal Postings
• Accounting for Property, Plant and Equipment
• Making Entries for Depreciation, Amortisations, Bank Charges, Interests, etc

Module 6: Accounts Receivable & Accounts Payable; Bank Reconciliation
• Accounting for Accounts Receivables
• Accounting for accounts Payable
• Performing Bank Reconciliation

Module 7: Inventory Accounting And Methods Of Valuation
• Calculating cost of sales
• Costing systems: FFO, LIFO & Weighted Average
• Disclosures for Raw Materials, WIP and Finished Goods

Module 8: Hire-purchase and Leases
• Understanding Hire Purchase and Leases
• Accounting Entries Relating to Hire Purchase and Leases

Module 9: Computerized / Automated Accounting
• Working In a Computerized Accounting Environment
• Difference Between Manual and Computerized Accounting
• Real Time vs Batch Processing

Module 10: Interpretation of Financial Statements (Quick Look at Ratio Analysis)
• Computation and Interpretation of Liquidity, Profitability and Investors’ Ration
• Ratio Analysis and Financial Statement Reading

Workshop, exercises, lectures, dialogue and Q&A sessions

Accounts/Finance - Executives, Officers, Clerks, Supervisors, Assistants and Secretaries

Mr. 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 is a Chartered Accountant registered with Malaysian Institute of Accountants (MIA), a member of the Chartered Institute of Management Accountants (CIMA) and Fellow of the Chartered Tax Institute of Malaysia (CTIM).

Mr. Lok has more than 15 years of working experience and obtained his accounting and finance experience while working as a statutory auditor and tax consultant in various local and international auditing firms. His work experience encompassed various accounting, auditing, costing and taxation aspects for clients ranging from small medium enterprises to multinational companies which consist of manufacturing, trading, property development, construction and financial institutions.

Mr. Lok has trained directors, managers, executives, officers and clerks in the areas of management, accounting, finance, taxation, costing and budgeting. He is a regular trainer for small and medium sized enterprises, large companies and multinational corporations. Mr. Lok is senior lecturer in accounting at the School of Management, USM. He is also experienced in teaching professional courses such as CIMA, ACCA and AIA at various private colleges.

Mr. Lok is co-author for the book “Principles and Contemporary Issues in Internal Auditing”.

Given below is the list of past assignments accomplished by Mr. Lok:
1. Finance For Non-Financial Managers and Executives
2. Developing Effective Accounts Personnel
3. Cost & Management Accounting Practices & Procedures
4. Preparation Of Financial Budgets & Creative Accounting
5. Advanced Financial Accounting Practices & Procedures
6. Effective Management Of Accounting Functions
7. Effective Management of Corporate Taxation
8. Effective Stocktaking and Evaluation (Conducted in Mandarin)
9. Understanding Financial Reporting Standards in Malaysia
10. Preparation of Corporate Financial Statements Under Financial Reporting Standards in Malaysia
11. Practical Accounting Principles and Practices
12. How to Prepare and Maintain Full Set of Accounts
13. Project Costing
14. Entrepreneurship Program
15. Technopreneurship Program

He brilliantly incorporates his knowledge and expertise it into his trainings. Some of the organizations that have benefited from his expertise include:
• Advanced Medical and Dental Institute (AMDI), Bertam
• APM Industries Holding Sdn Bhd
• BOH Plantations Sdn Bhd
• Goh Ban Huat Berhad
• Hovid Berhad
• Jabatan Pembangunan Koperasi Pulau Pinang
• Kaga Components (Malaysia) Sdn Bhd
• Latexx Manufacturing Sdn Bhd
• Malwira Manufacturing Sdn Bhd
• Rajang Port Authority, Sibu
• Santomas Sdn Bhd
• Tanaka Electronics Malaysia Sdn Bhd
• TRW Steering & Suspension (M) Sdn Bhd
• UAC Berhad

2 days (9am – 5pm)

Program 100% Claimable under SBL Scheme
PSDC Members: RM800/pax
Non-Members: RM900/pax

All prices listed above are subject to GST effective 1 April 2015.

* Training dates subject to change