Strengthening Accounting Competencies in Preparing Full Set of Accounts with E-Invoice and SST Integration

Accounting has always been recognized as a very key function in any organization. It provides the basis for information to help managers make a more informed and effective decision to increase organizational performance. Accounting will forever be an extreme asset and vital aspect to one’s career and organization success. It is a “NEED TO KNOW” subject matter. Under the SST framework, transactions involving Registered Manufacturers and Service Tax Registered Persons must be handled with care in their reporting to Customs. ALL non-SST registered organizations must be aware that SST on imported services applies to them as well, requiring them to file returns with Customs. New challenges have surfaced with the introduction of e-invoicing. The double-entry accounting methods for certain transactions may need to be re-examined. These include self- billed invoices, purchases of cash vouchers, top-up cards, cash vouchers used as commissions, payments made using an outlet's own vouchers or third-party vouchers, and consignment stocks. Therefore, this workshop will help accounting personnel increase their effectiveness in their daily work. Objective By the end of this program, participants will be able to: • Apply the various Accounting Concepts and Standards in Accounting • Apply Accounting Equations • Understand Key Accounting Terms in its Financial Statements and Transactions • Apply Accounting Treatment Capability for All Daily Business Transactions and its Accounting Double Entries • Apply Variance Analysis between Actual and Budget Strengthening Accounting Competencies in Preparing Full-Set of Accounts with E-Invoice and SST Integration HRD Corp Claimable (SBL-Khas) • Use basic Accounting Ratio Analysis to Analyse the Financial Statements Course Requirement • Stable Internet Connection • Webcam and Earphones • Calculator for hands-on exercises • Participants are encouraged to bring real-life working questions for discussions Course Content Module 1: Purpose of Accounting • What is Accounting, Book-Keeping, Transactions and an Account • Accounting Standards, Policies, Concepts and Equations • Matching concepts in timing and operational control • Users and benefits of accounting information • Hands-on exercise on Accounting Equation Module 2: Explanation of Key Accounting Terms Statement of Income • Revenue - in Accounting and Recognition criteria • Other income • Cost of Sales, Cost of Goods Sold, Operating Expenses, Finance Expenses • Difference between Revenue and Capital Expenditure • Different Classification of Cost & Operating Expenses in Company Account and Audited Financial Statement • EBITDA Statement of Other Comprehensive Income (OCI) • What are these and its importance Statement of Financial Position • Distinction between Non-Current and Current Assets • Property, Plant and Equipment Vs. Investment Assets • Subsidiary and Association Companies Accounting Treatment • Difference between Trade and Other Receivables • Financial Assets • Situation where Cash in Hand and at Bank will not tally to the closing Cash and Cash equivalent shown in the Cash Flow Statement • Biological Assets, Bearer Plant, Agriculture Produced • Right of Use Assets (RUA) • Hire Purchase, effective interest rate and interest amount calculations • Asset Depreciation, Amortization, Impairment, Fair Value and Appreciation Treatment • Deferred Tax Assets and Deferred Tax Liabilities • Intangible Assets • Difference between Trade and Non-Trade Payables • Treatment of Preference Shares - Liability or Equity Statement of Change in Equity • Common Components • Meaning of Prior Adjustment and the word Restated Statement of Cash Flow • Three main activities of cash flow and how they are derived, with examples • Preparation Methods • How to read and understand Cash Flow Statement easily Qualitative Information • Chairman and Directors report • Notes to the Accounts • Understanding the different Audit opinions Module 3: Daily Transactions Processing • Transaction Processing Framework • Transactional Documentation Processing for Sales, Purchase, Sales and Purchase Returns: o Matching Concepts - Timing and Documentations, o What document to match? o Checking and Approving, o Account Coding, Posting Module 4: Double Entry Accounting Systems • Concepts of Double Entry Accounting System • Chart of Accounts - Mother Rule of All Postings • Various Books of Account • Accounting Double Entries for Assets, Liabilities, Revenue, Expenditure and Capital • Examples of Double Entry Transactions • Double Entries for Non-Current Assets Disposals • Double Entries for selected SST Items - Payback of sales tax exemptions given earlier, Free Goods and Services, Service Tax for Imported Taxable Services, Service Tax Refund of Digital tax Incurred for Resales, Bad Debt Relief, Deregistration of Taxable Service Provider • Double Entries under E-Invoice Era • Declaration of Dividend • Connection of Errors • Double Entries for Withholding Tax Module 5: Month and Year End Closing Adjustments • Journal Double Entries for Monthly Adjustments such as Prepayments Adjustments, Accruals and Provisions for Expenses, Assets Depreciation and Amortizations • Journal Double Entries for Provisions for Bad and Doubtful Debts, Provision (increase & decrease) for Stock Obsolesces and Provision for Asset Impairment • Treatment of Non-Payable Expense Provisions • Closing Stocks Valuations from the monthly count • Cost of Sales Calculation Module 6: Financial Analysis of Business Performance from Financial Statements • Application of Financial / Accounting Ratios: Profitability, Liquidity, Over Trading and its Calculation, Efficiencies, Stability, Dupont Analysis • Key Cash Sufficiency Ratios • Basic Investment Decision Ratios Module 7: Budgetary Control - Variance Analysis between Actual and Budget • Sales Variance Analysis • Operating Expenses Analysis • Manufacturing Material Variance Analysis • Production Labour Variance Analysis • Overhead Variance Analysis • Variance Analysis contribution to Business Performance • Factors that give rise to Variances • Accounting Treatment on Disposal of Variances When & Where 24 & 25 Sept 2026 (Thurs & Fri) 9.00 am to 5.00 pm Remote Online Training - Zoom Who Should Attend Entrepreneurs, Directors, Accountants, Fresh Accountants, Book Keepers, Accounts Clerks, and all other individuals interested to enhance their practical accounting skills Training Investment RM 1,500 per participant (inclusive of Service Tax, Online Course Materials, E- Certificate of Attendance) Group Promo: Save 15% Register min. 3 pax for RM 1,275 per pax (Normal Rate: RM 1,500) HRD Corp Claimable (SBL-Khas) Trainer's Profile Tan Kok Tee Kok Tee has over 40 years of experience in financial, strategic and general management. He has held a variety of leadership and senior management roles in various organizations, the last being Group Chief Executive Officer. More than half of this time are spent in the Manufacturing, Marketing & Distribution and Services organization, including those with the then Inchcape Timuran Berhad, Metroplex Berhad, Perdana Industries Berhad. He is a Fellow member of the Association of International Accountants, UK; Member of the Institute of Public Accountants, Aust.; Certified Commercial Accountant, (M); Member of the Chartered Tax Institute of Malaysia; Member of the Malaysia Associations of Company Secretaries; holds a MBA in Finance from Charles Sturt University, Australia and a Gold Mastery Holder in Reinventing Strategic Planning and Management from the Haines Centre for Strategic Management, sponsored by University of San Diego, USA. He is also a Certified Trainer with PMSB’s Train The Trainer Certificate since 2009, a GST Agent registered with MOF and a life member with the Malaysian Institute of Directors. Kok Tee has also been involved in training and facilitation on a part-time basis from 2009-2013, and full time from 2014 to now. To date, he has conducted about 300 training workshops, of which more than half are for GST related covering including GST Accounting for both in-house as well as public, including Government Authorities, Chamber of Commerce, Government Link Companies, Banks, Malaysian Institute of Accountants, Chartered Institute of Management Accountants, Selangor state Human Resource Development Centre, Negeri Sembilan state Skills Development Centre, NGOs, political party as well as for various other training providers. He also developed and delivered an Entrepreneurship program (training) specially for MBA students from GC University, Pakistan in collaboration with Sunway Education Group for period 2010 to 2014. He was also an assessor for the UTAR’s NGO strategic planning program and an invited speaker for the Asian Financial Controller’s Congress in 2009, 2010 and 2011. Register HERE Other Programmes HERE Contact Us Carriera Academy Sdn Bhd www.carrieraacademy.com Tel: 017-3188539 (Steph) Email: trainings@carriera.com.my Carriera Academy Sdn Bhd