ATC Full Sets of Accounts Course

Course Objectives

This Full Set Accounts is a course specially designed by ATC. The objectives of this Full Set of Accounts is to train those trainees which already has some basic accounting knowledge to hands-on to prepare one year accounts using computerised Accounting System. Trainee can choose one out of four accounting software we specialise in i.e. Sage UBS, Million, SQL or Autocount Accounting to practise Full Set of Accounts. Those trainees without basic accounting knowledge are welcome to apply and special guidance will be given in order to train to able to prepare Full Set of Accounts independently.

Course Contents

1. Company Setting

• Setting of financial period
• Maintain Chart of Accounts
• Classification of accounting documents

2. Accounts Receivable

• Debtor’s maintenance
• Credit Sales
• Sales Debit Note and Credit Note

3. Accounts Payable

• Creditor’s maintenance
• Credit Purchase
• Purchase Debit Note and Credit Note

4. Bank Receipts

• Cash Sales Receipt
• Customer Payments
• Other Investment – Rental Income, Dividend Income, Interest Income
• Cheque Returned

5. Bank Payments

• Supplier’s Payments
• Cash Purchases
• General expenses
• Bank Charges
• Bank Overdraft Interest
• Petty Cash Reimbursements
• Other Investments
• Acquisition of non-current assets

6. Bank Reconciliation Statement.

7. Cash Receipts

• Cash Sales Receipt
• Customer Payments

8. Cash Payments

• Supplier’s Payments
• Cash Purchases
• General Expenses
• Petty Cash Payments

9. Journal Entries and Adjustments

• Acquisition of Non-Current Assets,
• Depreciation of Non-Current Assets,
• Gain or Loss on Disposal of Non-Current Assets,
• Allowance for doubtful debts and Bad debts,
• Investment Income Receivable - Rental Income Receivable, Interest Income Receivable.
• Hire Purchases transactions, Hire Purchase Interest in Suspense & Hire Purchase Interest.
• Handling of Term Loan
• Term Loan interest
• Usage of Suspense Accounts
• Correction of errors

10. Maintain Stock Value.

11. Management Reports

• Analysis and interpretation of Profit & Loss (Statement of Comprehensive Income) and
• Balance Sheet (Statement of Financial Position).
• Preparation of Final Accounts and Audit Schedules.

1. Others – Discussion on accounting issues that trainee facing during work.

Who should attend

Accounts Assistant, Accounts Clerk, Accounts Executives, Accountant, Director, Financial Controller

Learning Outcome

Upon completion of this course, trainee will be able to prepare yearly accounts independently including the following with minimum guidance:

1. Update accounting transactions into Cash Book, Purchases, Sales, Sales Return, Purchases Return, Debit Notes, Credit Notes and General Journal into Accounting System.
2. Process accounts payable and receivable and analysis of payable and receivable aging report.
3. Process cheques for payments and issuing receipts upon collection.
4. Close accounts at month end and year end.
5. Perform bank reconciliation.
6. Prepare and able to analysis and interpret the financial and management reports such as Income Statement, Trial Balance, Balance Sheet.

Contact

ATC Business Education Sdn Bhd (My Co ID 1075807-P)

07-434 9150/ 011-5531 9269/012-7051696/017-7225518