Full Set Account Training with GST

Full Set Account Training with GST Full Set Account Training with GST
By Knowledge Hub Asia
Financial Management:

Preparing & Managing Full Set of Account in GST Regime

“Learn full set of account with the GST in mind”

By Knowledge Hub Asia


PSMB Certified Training Provider • ILM Approved Centre
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Email Customer Service [email protected] Contact Customer Service +6012-266-2728
Course Title:
Preparing & Managing Full Set of Account in GST Regime
Training Category:
Business Management
Target Audience:
Office administrators, account clerks, account supervisors, administrative assistant, account receivable (AR ) and account payable (AP) staff.
Duration:
2 Days
Public Training Events
May 2017 ›
Venue:
Armada Hotel, Petaling Jaya, Malaysia
Schedule:
Thu 25 May 2017 - Fri 26 May 2017
9:00AM - 5:00PM

Fee Per Person:
RM1,800.00
Promotions:
  • Please call for Discounts & Promotions.
Register Now!

* Other terms & conditions apply.
Dec 2017 ›
Venue:
Armada Hotel, Petaling Jaya, Malaysia
Schedule:
Mon 18 Dec 2017 - Tue 19 Dec 2017
9:00AM - 5:00PM

Fee Per Person:
RM1,800.00
Promotions:
  • Please call for Discounts & Promotions.
Register Now!

* Other terms & conditions apply.
For In-house Training
Request for Quotation Request for Quotation
For Other Inquiries
Contact Knowledge Hub Asia
Contact customer service +6012-266-2728
Email customer service [email protected]
Delivery Methods
  • Language: English
  • PowerPoint Presentation
  • Presentation Handouts
  • Lecture
  • Certificate of Participation
*Terms & Conditions
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Course Introduction ›

Maintaining good accounting records is an essential function in any business. Failing to do it may result in poor business decision. Accounting staffs need to compile the information in-line with the MFRS/MPER framework. Every enterprise faces the tedious task of keeping the accounting records in an orderly and disciplined manner, where accounting procedures are not adhered to thus making the wrong accounting entries and transaction omitted. Therefore equip your staffs with the knowledge in maintaining an accounting record is important. Adequate knowledge of understanding the GST concepts and mechanism is essential to enable accounting staffs to perform their task effectively and efficiently within their tight time constraints for submission of the GST return to the custom.

Course Objectives ›

This course aims to help participants:

  • Understand the accounting concept, equation and uses of accounting data
  • Fundamentals of double entry in business transactions
  • Managing account receivable, provision of doubtful debt and bad debt write off
  • Accounting for fixed asset and depreciation
  • Treatment of stock valuation
  • Prepare financial statements i.e. profit and loss and balance sheet
  • Understanding and applying GST concept on accounting entry
  • Accounting treatment of input tax and output tax
  • Adjustment of GST due to debit note and credit note
  • Time of supply and issuing of tax invoice
  • Value and place of supply for GST transaction
  • Understand the input tax claim mechanics

Course Outline ›

DAY 1

Module 1: Understand the purpose of accounting

  • Introduction to fundamentals of accounting
  • Accounting process, concepts and principles
  • users of accounting information

Module 2: Introduction to double entry accounting system

  • Rule of double entry system for assets ,liabilities , share capital, revenue and liabilities
  • Ensuring relevant supporting documents for accounting transactions
  • Distinction between revenue and capital expenditure
  • Purpose of Journal entry and its preparation

Module 3: Managing account receivable and accounting for bad debt and doubtful debt

  • Receivable ageing report and credit utilization report
  • Account receivable credit period
  • Circumstances for bad debt write off
  • Accounting for bad debt write off and provision of doubtful debt

Module 4: Accounting for fixed depreciation

  • Methods of computation of depreciation charges
  • Accounting entries for depreciation provision
  • Disposal of fixed asset
  • Impact on financial statement
DAY 2

Module 5: Inventory accounting

  • Methods used in inventory valuation i.e. First in first out. Last in first out , weighted average
  • Net realizable value
  • Impact on gross profit and closing inventory valuation

Module 6: Preparation of Financial statement

  • Income statement /Profit and loss account
  • Statement of financial position /Balance Sheet
  • Accrual of expenses and prepayment

Module 7: Understanding the GST concept and mechanism

  • Scope of GST
  • Types of supply for GST transaction
  • value and place of supplies
  • Accounting basis for GST e.g. cash or accrual

Module 8: GST in accounting treatment

  • Issuing full tax invoice and simplified tax invoice
  • Time of supply - basic tax point
  • 21 days rule and special time of supply
  • Output tax charge
  • Input tax credit claim mechanics
  • Blocked input tax
  • Taxable period
  • Adjustment of GST due to debit note and credit note

Contact Us Now ›

  • Course content customization
  • In-house training request
  • Available public program
  • Consultation services
  • Other inquiries
Contact Customer ServiceCall Us :
+6012-266-2728
Email Customer Service E-mail Us :
[email protected]

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