2 Days Workshop
Introduction
The primary goal of this workshop is to help professionals who have little or no knowledge in finance and accounting in developing sound financial knowledge to read and understand financial reports.
With effect from 1/6/2018, Minister Order on the rate of GST of 6% has been changed to 0%. The zero rated order and various order has been repeal at the same time for paving the way for the re-introduction of Sales Tax and Service Tax. (SST).
This training seminar also help GST registered and NON-GST registered persons (as the threshold for SST registration is lower) to prepare and assist them in their management during this migration transition period and planning for their eventual migration from the current GST mechanism to that of the SST mechanism, with ease.
Course Objectives
By the end of this course you will be able to:
How to manage your profit & loss & cash flow position
How to design your working capital requirement
How to plan your budgets
Using goal seek to hit management expectations on sales, profit & cash flow
Recognise at least 3 different methods of preparing Operating budgets, and the strengths and weaknesses of each method
Understand the difference between GST & SST?
Understand What does this mean for my business?
Highlight the SST IMPLEMENTATION process
Preparing and addressing critical transition issues for businesses
Methodology
Case Study & Group Discussion.
Who Should Attend
Entrepreneurs, Business Managers, Marketing Managers, Supervisors, Executives and Managers and all professionals who are interested in Finance for non-Finance & SST implementation
Special Feature:
NOTE: Please bring laptop along ( Practical Templates are provided )
Programmed Outline
Day 1
Module 1: Managing P&L & Cash Flow (Simulation exercise)
Objective:
with little or zero accounting knowledge, will walk you through
Your business or new business on sales, purchases, operating expenses, investment, capital injection, depreciation & interest payment
you see your own P&L, Balance sheet, cash flow & equity
provide strategies (using goal seek) to improve your cash flow & P&L position
Module 2: Improve Cash Flow & Profitability Position (Practical Case Study)
Applying what if analysis (goal seek)
Applying profitability strategy management framework
Formulation stage
Execution stage
Evaluation stage
Module 3: Cash Flow Statement (simulation exercises)
Objective:
You will learn why you fund increase or decrease
What are the causes: operational, investing or financial driven?
Using goal seek will improve your cash flow position.
Module 4: Financial Ratios Analysis (Simulation on Real Listed Companies Case Studies)
Objective: you will understand how to reading the financial ratios
Liquidity
Solvency
Efficiency
Profitability
Asset Management
Day 2 ( SST Implementation)
Module 5: What is the difference between GST & SST?
Taxable Rate
Taxable period
Supply chain
Cash vs accrual system
Input tax
Module 6: BUSINESS PREPARATION
Is SST would be applicable to my organization?
Price adjustments to be done
How about on-going contracts with vendors and customers?
How about new Contracts to be signed?
Advance billings & prepayments
Final GST Returns
Final GST Audits
Managing Income, costing & profitability
Module 7: SST -Overview
Proposed Legislation
Scope and Charge
Sales Tax Mechanism
Interpretation of Manufacture
Module 8: SST – Administrative & Rates
Taxable Person
Taxable Goods
Rate of Tax
Module 9: SST – Valuation, Registration Returns & Payment
Sales Tax Valuation
Taxable Service
Registration
Returns / Payment
Module 10: SST – Exemption, facilities & Accounting
Exemption & Facilities
Special Rules
Accounting
Miscellaneous
Module 11: Key differences between the previous Sales Tax Act 1972 & Service Tax Act 1975, with the Sales Tax Model 2018
Legislation
Registration Requirements
Determination of Turnover
SST Return
Late payment
Exemption and Facilities
Accounting
Designated Areas
Dr Steven Liew Is A Fellow Member of The Chartered Institute of Management Accountants, Up 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 Managed Multi-National Corporations in South Asia And the Asean Region. He Has Accumulated More Than 28 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 Had Successfully Completed The Custom Examination
Dr Steven Liew Had Conducted Various Seminars For Corporate Clientele Including
Private Sector: 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 , Small Medium Industries Development Corporation , Bicpa Asean Management, Brunei, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei &, 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, Diners Club, Elk Desa Capital Bhd, Antah Schindler, Ucsi, Capital Mall Malaysia Trust, Suria Klcc, Hiap Teik Venture Berhad, Engtex Group Berhad, Cyberview Sdn Bhd, Johor Port Bhd, Hai O Enterprised Bhd, Dialog Group Bhd,
Public & Govt Ministries: Brunei Investment Agency, Risda Group of Companies, Ministry of Development, Brunei, Ministry of Foreign Affairs, Ministry of Finance, Ministry of Foreign Affairs, Syarikat Perumahan Negara Berhad, Malaysia External Trade Development Corporation, Sedco, KK, Seccom Sdn Bhd, Ukm, Perbadanan Kemajuan Negeri Kedah, Perbadanan Kemajuan Negeri Perak & Petronas
Overseas Training: Maldives, Sri Lanka, India, Hong Kong, China, Singapore, Brunei & Cambodia
He Is Currently Providing Management Consultancy and Training Specializing in Fast Closing Monthly, Leadership, Strategic Planning, Budgeting, Accounting, Finance, Cost Reduction, Credit Management & Loan Recovery.
Testimonials From Past Participants
“The SST were comprehensive enough and know what items that affect SST and also the rates of SST “Watertec (Malaysia) Sdn Bhd, Marketing Coordinator
“This SST truly meet my expectation. Got further details on Sales Tax Exemptions” Aquaspersions Sdn Bhd, Office Manager