Finance For Non-Finance Executives/Managers (PDT118)

20 March 2017 - 21 March 2017

OBJECTIVE
• To enable non-finance executives to understand the finance and costing systems
• Assist in budgetary planning process
• Decision making to fully utilize limited resources
• Improving communication with finance department
• To develop skills in analyzing reports

COURSE OUTLINE
What is Accounting?
• Basic accounting concepts and rules
• Matching Principles, Accrued Expenses
• Accounting Process
• The Accounting Equation, Transaction Analysis
• Review and analyze Annual Report

Preparing Basic Financial Statements for Non-Profit Organization
• The contrast between Financial and Management Accounts
• A brief look at double entry system of recording
• Reading Profit & Loss Account and Balance Sheet

Accounting for Fixed Assets
• Historical Cost Concept
• Depreciation – Calculation & Recording

Introduction to Costing
• What is Costing?
• Classification of Costs: Fixed & Variable Costs
• Costing systems & techniques
• Allocation & appointment of overheads
• What is full cost recovery?

Internal Budgetary Process
• Budget preparation & budget as a management tool
• Internal control and its importance, generally-used controls in various business cycles
• What is under/over spending

Capital Investment
• Is the investment worthwhile?
• Return on investment
• Payback
• Net Present Values
• Internal Rate of Return


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

WHO SHOULD ATTEND
Senior management who have little or no knowledge of accounting

TRAINER’S PROFILE
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

DURATION
2 days (9am – 5pm)

COURSE FEE
Program 100% Claimable under SBL Scheme
PSDC Members: RM 800/pax
Non-Members:   RM 900/pax

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

DATES
10 – 11 March 2016
16 – 17 August 2016
17 - 18 November 2016

* Training dates are subject to change