Accounting

Accounting for Accounts Clerk training is designed to prepare candidates for entry- level position in the job market and to learn the fundamental accounting principles and to apply them methodically in future studies and at work.

Benefits of the Accounts Clerk Training:

• The candidate will learn in a work-like environment and will be assigned projects by the instructor – like in a real accounting job.
• No experience needed as full support and training provided.
• The candidate is trained with basic math, computer and accounting skills which you will put into practice through a hands-on project using Excel and accounting software – Quickbooks.
• The candidate will be prepared for an entry-level job in accounting, such as Accounts Clerk, Accounts Receivable, Accounts Payable, Payroll Clerks, Book Keeper, Junior Accountant and other related duties.
• Candidates who are already employed will now be more efficient in their day to day work.

The following topics are covered during the training:

• Company Formation including application process.
• Appointment and resignation of directors, shareholders, secretary and transfer of shares.
• Opening of Company Bank Account.
• Filing of purchase and sales invoices and keeping up to date with filing procedures.
• Basic Journal entries and implication on ledgers.
• Posting of sales and purchase invoices on excel and on Accounting Software-Quickbooks
• Vat Registration – Legal Requirements
• Monthly and Quarterly VAT Calculation and Return to the MRA.
• Calculation of Payroll including issuing of payslips, monthly NPF/NSF Return, PAYE.
• TDS and steps involved for calculation and monthly return.
• Corporate Annual Income Tax Return and Computation of Chargeable Income and Tax Computation.
• Statutory filing to Companies Division- Annual Return, No Change Return, Financial Summary and Audited Financial Statements.

Target Audience:

• Candidates with no accounting experience
• School Leavers (SC & HSC)
• Graduates
• ACCA, CIMA, ISCA and ACA Students
• Those who are working or intend to start a career in accounting and finance

The training is design to candidates who have completed the Accounts Clerk Training and anyone who works as Accounts Clerk and aspiring for a higher position.

Benefits of the Advanced Technical Training for Accounting and Finance:

• Candidate can work independently and be assigned to higher level projects.
• Those who are already employed Accounts Clerk and seek for a higher level position.
• We will build up the candidates’ creative thinking approach for the benefit of their career.

The following topics are covered during the training:

• Responsibilities of Directors, Shareholders, Accountants and Auditors.
• Source Documents Processing i.e Sales and Purchase Invoices on Excel and Software.
• Journal Entries and Implication i.e Accruals, Prepayments, Deferred Income and Accrued Income – Impact of Financial Statements
• Complete set of Financial Statements prepared on Excel using Extended Trial Balance, Income Statement and Statement of Financial Position- With comparison to Accounting Software- Quickbooks.
• Impact on Tax where accounts prepared using Cash and Accrual Basis. Analysis on Corporate Income Tax and VAT.
• Analysis of rules and regulation set by the MRA and other authorities and measures for compliance.
• Analysis of Financial Statements.

During the Advanced Training,

• You will learn in a work-like environment and will be assigned projects by the instructor – like in a real accounting job.
• You will be trained with math calculations, computer and accounting skills (unlike Accounts Clerk Training) which you will put into practice through a hands-on project using Excel and an accounting software – Quickbooks.
• You will be prepared for an entry-level job in accounting, such as Senior Accounts Receivable, Accounts Payable, or Payroll clerks.

Target Audience:

• Candidates who have completed the Accounts Clerk Training.
• Anyone working as Accounts Clerk and aspiring for a higher position.
• Candidates willing to gain additional working experience.

Upon completion of the advanced technical training, we will send your cv to potential employers where the recruitment and interview process will be managed by PSR (Professional Skill Recruitment Services Ltd)