[01] COURSE OUTCOMES

Upon successful completion, participants will be able to:

• Technical Skills – Demonstrate the ability to record, classify & summarize business transactions in compliance with accounting principles

• Analytical Thinking – Critically interpret financial statements to make informed business and management decisions

• Problem-Solving – Apply practical financial tools to simulate scenarios, manage uncertainties, and recommend strategies for performance improvement

• Compliance Awareness – Recognize tax audit risks and develop appropriate responses to disputes and investigations

• Professional Competence – Confidently manage financial records from initial transaction recording to the preparation of final accounts and tax treatment

[02] COURSE OBJECTIVES

By the end of this course, participants will be able to:

• Prepare a complete set of accounts, including journals, ledgers, trial balances, adjustments, income statements, and balance sheets

• Interpret and analyze Profit & Loss (P&L) statements to evaluate business performance

• Understand the relationship between cash flow statements and balance sheets

• Apply financial planning tools (goal seek, solver, what-if analysis) to improve cash flow and profitability

• Identify potential areas of dispute in tax audits and investigations, and apply best practices to resolve them

[03] WHO SHOULD ATTEND

• Accounts Executives & Senior Accounts Executives

• Accounts Supervisors & Assistants

• Finance Officers

• Professionals interested in Financial Accounting, Cash Flow Management, and Tax Audit Readiness

[04] METHODOLOGY

• Practical case studies

• Group discussions

• Hands-on financial exercises

[05] PREREQUISITES

Please bring laptop along equipped with Microsoft Excel 2016 or above.

[06] DATE/ TIME/ FEE

Date:    19 September 2025 (Fri) 
Time:    9.00am - 5.00pm
Mode:   Online/ Interactive

Fee:  [HRD Corp Claimable]

   - Early Bird Offer (before 1 Sep 2025) – RM 700
   - Special Offer (before 15 Sep 2025) – RM 750
   - Normal Fee – RM 800

- Fee includes Course Notes, Certificate of Completion and 8% Service Tax

OFFER

- 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied.

Register for this training and win a trip to Japan. Click Here

[07] COURSE OUTLINE

Module 1: Managing P&L & Cash Flow (Business Planning)

• Linking P&L, balance sheet, cash flow, and equity

• Strategies to improve cash flow and financial position

• Practical use of “goal seek” for scenario planning

Module 2: Improving Cash Flow & Profitability (Case Study)

• Applying “what-if” analysis, goal seek, and solver

• Profitability Strategy Management Framework (Formulation . Execution . Evaluation)

Module 3: Recording & Analysing Business Transactions

• Understanding journals, ledgers, and source documents

• Books of original entries (cash book, journals)

• Classification of expenses to avoid tax authority disputes

Module 4: Preparation of Final Accounts

• Trial balance preparation and error detection

• Preparing trading, P&L, and financial position statements

• Year-end adjustments and closing entries

• Handling doubtful debts and provisions

Module 5: Practical Tax Cases

• Reviewing real-life tax cases

• Grounds of appeal and documentation

• Lessons learned for compliance

Module 6: Tax Audit & Investigation Issues (Q&A Discussion & Group Learning)

• Common audit scenarios: director’s loans, property commissions, medical benefits, compensation, SST treatment, legal fees, and more

• Identifying allowable vs. non-allowable expenses

• Practical strategies for audit readiness

  ○ Director’s loan to company to cover MCO period cash flow problem. Does it require to charge interest to the company?

  ○ If I owned a property and I appoint an agent to manage it & pay commission to him. Do I have to declare this commission?

  ○ The company bought medical card for directors and managers. In YA 2018, one of the directors had treatment of heart. Is insurance compensation claimed taxable?

  ○ The company received compensation from the government for compulsory acquisition of company business location to cover for the income loss. Is this compensation taxable?

  ○ What if no building being reconstructed? (continue from item 6)

  ○ The Company rent a land and build a modular container store to increase the storage capacity. Is the RM300K claimable?

  ○ Can we use the limitation act 1953? Where trade debtors are irrecoverable after period of 6 yrs.

  ○ Attestation fee for audit report. Is it tax deductible?

  ○ Can employee medical card be charged out as expenses by company?

  ○ Is meal allowance paid to employees for outstation trip exempted? Do we need to include in FORM EA?

  ○ How to treat overprovision of director’s fee in the following year? For example, RM100,000 provided in 2019 but paid RM40,000 in 2020

  ○ A shareholder file minority oppression against company and other director. One of the requirements is to wind up the company. Why the tax agent said that it is disallowed deduction which has impacted on business operation?

  ○ Legal fee incurred during appeal to IRB for tax issues. Fee also incurred during appeal to Custom, GST issues. Is it deductible?

  ○ SST on secretary fee & tax fee for preparation tax computation. Is it deductible?

  ○ If trade creditor sue the company over a dispute, is the legal fee incurred tax deductible?

  ○ Is professional fee for TP documentation allowed for tax deduction?

Wrapping Up & Conclusion

End of Training

[09] TRAINER PROFILE

Dr. Steven Liew

HRDF Accredited Trainer, Consultant

Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA.

Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally managing multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period.

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and has successfully completed the Custom examination.

Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd, Singapore, Lexis Nexis, Proton Edar Malaysia, Brunei Investment Agency, Small Medium Industries Development Corporation, Ministry of Development Brunei, BICPA Asean Management Brunei, Risda Group Of Companies, Sales & Marketing Training Forum Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei, Ministry of Foreign Affairs Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam, Continental Tyres, Sime Darby Bhd, Sony Malaysia Sdn Bhd, Perodua Sdn Bhd, Credit Guarantee Corporation (M) Bhd, Fujixerox, UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI, Ministry of Finance, Seccom Sdn Bhd, Bridgestone Chemical Products (M) Sdn Bhd, Dialog Group Bhd, SEDCO KK, Hosiden Electronics (M) Sdn Bhd, STO Maldives, Indah Water Consortium Sdn Bhd, CPA Australia (M) Sdn Bhd.

He is currently providing management consultancy and training specializing in fast closing monthly, leadership, strategic planning, sales management, budgeting, accounting, finance, cost reduction, credit management & loan recovery.

[10] ENQUIRY/ REGISTRATION

Email： yes@sst2u.com

Contact:

   - Whatsapp Only (012 - 824 8874)
   - Teo (011 - 3178 9203)
   - Logesh (012 - 503 0346)
   - Siti (012 - 383 8603)
   - Nisa (019 - 851 5134)
   - Central Region (03 - 8604 7270)
   - Northern Region (04 - 222 6950)
   - Southern Region (07 - 213 3676)
   - East Malaysia (011 - 3178 9203)