Financial Budgets And

accounting standards • illustrate key issues in the treatment of revenues and expenses • review accounting policies and their implications on income s...

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8:45 am - 5:00 pm

Course Content


April 9 & 10, 2014

Financial Budgets And FINANCE/ACCOUNTING Creative Accounting – A Powerful Management Tool

Wednesday & Thursday

@ FMM Institute, Perak

Trainer Creative Accounting • What is Creative Accounting? • Accounting Standards and Statutory Requirements Variations In Accounting Policies • Valuation of Non-Current Assets • Accounting estimates • Revenue recognition • Depreciation and amortization • Inventory accounting Revenue Recognition • Sale of Goods – Trading and Manufacturing • Services – Fees and Commissions • Other Incomes – Interest, Dividends and Royalties Accounting Estimates and Provisions • Allowance for Doubtful Debts in Accounts • Provisions • Accruals • Contingent Liabilities • Written Down of Inventories Intangible Assets • Recognition and Measurement of Goodwill • Impairment of Goodwill • Research and Development Expenditures

Introduction • Practical Principles Of Budgeting • Purposes of Budgets • Types of budget Budgetary Control Principles • Cost Centres • Profit Centres • Investment Centres • Responsibility Accounting • Controllable and NonControllable Cost • Appraisal Systems for Manager Performance Cost Behaviours and Analysis • Fixed costs • Variable costs • Semi variable costs • Cost-Volume-Profit Analysis • Break-Even Analysis Flexible Budgeting • Variance and Control of Budgets Presentation Of Financial Budgets • Criteria for a Good Presentation • Important Facts in Budget Reports Budgeting Case Studies


Upon completion of this course, participants will be able to : • explain the purposes and principles of financial budgets • master the key features of good budget reports • explain creative accounting in accordance with approved accounting standards • illustrate key issues in the treatment of revenues and expenses • review accounting policies and their implications on income statement and balance sheet Who Should attend

Managers, Department Heads, Executives, Supervisors and others who have little or no training in Financial Budgets and Creative Accounting but need to prepare Budgets for manufacturing or business operations and be creative in the Accounting world.

registration Form

Administrative Details

FMM INSTITUTE PERAK (Centre for Professional Development)

Attn : Puan Eda / Ms Harvindar / Ms Nicole) No. 1, Lorong Raja DiHilir, Off Jalan Raja DiHilir, 30350 Ipoh, Perak. Fax. No. : (05) 548 8221 & (05) 548 8331 • Tel. No. : (05) 548 8660 (475427-W) Email : [email protected]


SBL Scheme Also available as an In-House Course

Please register the following participant(s) for the above programme: Name


I.C. No.

1. 2. 3. 4.

Submitted by:

(Please attach a separate list if space is insufficient.) Name: Company:

Designation: Tel:



Address: FMM Membership No:

Mr. Lok Char Lee holds a Bachelor of Accounting Degree (Hons) from Universiti Malaya and a Masters Degree in Information Technology from Universiti Sains Malaysia. He is a Chartered Accountant registered with Malaysian Institute of Accountants (MIA), a member of the Chartered Institute of Management Accountants (CIMA) and Fellow of the Chartered Tax Institute of Malaysia (CTIM). Mr. Lok has more than 17 years of working experience and obtained his accounting and finance experience while working as a statutory auditor and tax consultant in various local and international auditing firms. His work experience encompassed various accounting, auditing, costing and taxation aspects for clients ranging from small medium enterprises to multinational companies which consist of manufacturing, trading, property development, construction and financial institutions. Mr. Lok has trained directors, managers, executives, officers and clerks in the areas of management, accounting, finance, taxation, costing and budgeting. He is a regular trainer for small and medium sized enterprises, large companies and multinational corporations. Mr. Lok is senior lecturer in accounting at the School of Management, USM. He is also experienced in teaching professional courses such as CIMA, ACCA, ICAA, AIA and LCCI. Mr. Lok is co-author for the book “Principles and Contemporary Issues in Internal Auditing”.


Enclosed cheque / bank draft No. ______________________ for RM _______________ being payment for _______ participant(s) made in favour of the ‘FMM Institute’ .

Closing date: April 2, 2014 Medium of Instruction: English CPD: 14 hours Course fee (Fees include Course Materials, Refreshment, Lunch and Certificate of Attendance) FMM Members RM 500.00 per pax Others RM 600.00 per pax Registration: • Upon Faxing / Mailing the completed Registration Form to FMM Institute, Perak, you are deemed to have read and accepted the terms and conditions. The course would also be deemed as confirmed unless informed otherwise. • Will be based on First-Come-First-Served basis. Payment: • Cheques made in favour of FMM Institute should be forwarded to FMM Institute Perak. • For SBL Scheme, an Attendance of 100% is a MUST, in any case, employers will be billed in full. Cancellation: Must be in Writing with Reasons. • 7 days before the course ~ No Payment Charged • 3-6 days before the course ~ 50% Payment Charged • < 3 days before the course ~ Full Payment Charged • Participants who did not turn-up will be charged full payment. • Replacements can be accepted at no additional cost. Disclaimer: The FMM Institute reserves the right to change the facilitator, date and to vary / cancel the course should unavoidable circumstances arise. All efforts will be taken to inform participants of the changes.