Basic Accounting for Non-Finance Managers

Basic Accounting for Non-Finance Managers is a one‐day public workshop which aims to provide an overview of the accounting knowledge and essentials to assist the line-managers and executives in their daily activities. Learn about external financial statements, internal managerial accounting reports, income tax systems and how they interact in business decision-making. End of the day, you will how to use accounting to aid decision making, and how income taxes figure into business and personal decisions.

Topics include:

• What is accounting?
• Working with balance sheets and income statements
• Determining the costs of products
• Performing break-even analysis
• Determining average and marginal tax rates
• Understanding tax deductions and credits

HRDF SBL Claimable for Employers Registered with HRDF
For more information about this course please visit:
https://www.tertiarycourses.com.my/basic-accounting-for-non-finance-managers-malaysia.html

Module 1. Basics of Accounting

• What is accounting?
• Bookkeeping 
• Financial accounting
• Managerial accounting
• Income taxes

Module 2. Financial Accounting

• Financial accounting
• Overview of the balance sheet
• Balance sheet example
• Limitations of the balance sheet
• Differences between the balance sheet and income statement
• Overview of the income statement
• Income statement example 
• Overview of the cash flow statement
• Cash flow example
• Summary of financial reporting
• Real life examples of financial accouting

Module 3. Managerial Accounting

• A closer look at managerial accounting
• Product costing
• Break even 
• Budgets 
• Real life examples of managerial accounting

Module 4. Income Taxes

• Tax brackets and tax rates
• Tax deductions and credits
• Capital gains vs. ordinary income
• Income tax summary

Module 5. Quickbooks Introduction

• What is Quickbooks?
• What are the various versions of Quickbooks
• What are the basic features in Quickbooks