1-Day Course

Creative Accounting

14 August 09

Time : 9.00 am to 5.00 pm /

 Venue : Hotels in PJ  

Objectives :  

• Understanding the intricacies of creative accounting.
• Knowing how crucial creative accounting  is in analyzing or reading financial statement.
• Learning how to comply strictly to accounting standard as well as grasping the limitation, policies adopted by company.
• Gaining information on how to look out for other factors that may also affect the various items found in financial statement.
• Learning to read beyond the financial statement and make effective business decision.
• Identifying  various methods of  presentation of facts and figures in the
  income statement.

Who Should Attend:      

Finance Executive, Credit Analyst, Loan Officer, Credit Controller, Research Analyst, Business Planner, Company Directors.  

Course Contents: 

CREATIVE ACCOUNTING IN CORPORATE FINANCIAL REPORTING 

• What is creative accounting
• Why does creative accounting occur
• Purpose of creative accounting

PRESENTATION OF FINANCIAL REPORTING  

• Component of financial statement
• Concept and disclosure of Income statement
• Limitation of Financial statement
• Value added statement

OPPORTUNITIES OF CREATIVE ACCOUNTING  

• Choice of accounting policy
• Off  balance sheet financing
• Internal cost and profit allocation
• Window dressing

• Depreciation policy
• Cost of recognition for property plant and equipment
• Revaluation reserve
• Gain and loss on disposal of property
• Inventories
• Borrowing
• Leases
• Impairment test of assets

CREATIVE ACCOUNTING AND BALANCE SHEET  

• Treatment of intangible assets
• Events after balance sheet
• Provision, contingent liabilities
• Accounting estimate
• Extraordinary and exceptional item

Methodology : 

Lecture, Discussion & Exercise 

Course Leader :  

Mr. Tam Fook Cheong is a fellow member of the Charted Association of Certified Accountant (FCCA), Associate Member of the Chartered Institute of Management Accountant (ACMA) and a Chartered Accountant of the Malaysian Institute of Accountant (CA). Mr. Tam has more than 25 years of working experience in Finance, Accounting & Administration and has held various Managerial Position in the Oil and Gas industry.   

Mr. Tam has been a regular speaker for various seminars, workshops as well as in-house training organized by Management Consulting firm and Australia Society of certified public Accountant. As a prolific trainer, he has presented numerous papers in Accounting and Corporate Finance related topics throughout Malaysian and Singapore. In addition, he has been lecturing extensively in various colleges for the past 20 years specializing in Strategic Finance Management, performance Measurement, Financial Reporting for various professional examination, namely ACCA, MICPA and ICSA. Currently, Mr. Tam is also a local counselor in the Finance Module of MBA for a distance learning program and MSC Finance.    

Course Fee: 

CLAIMABLE UNDER HRDF / SBL SCHEME

• RM 530.00 per participant
• RM 470.00 Per Participant for 2 or more  participants