[01] COURSE INTRODUCTION

This two-day workshop provides professionals with an integrated approach to e-invoicing, full accounting practices, and corporate tax compliance and planning. Through hands-on modules, participants will explore essential accounting systems, e-invoicing, and tax strategies, equipping them with the tools to streamline processes and ensure regulatory compliance.

On Day 1, participants will dive into the foundations of accounting, covering the main books, ledgers, and classifications to accurately track business transactions and avoid common tax issues. They’ll gain a thorough understanding of e-invoicing applications, including self-billed AP, consolidated invoicing, and real-world implementation challenges. By exploring these essential topics, attendees will learn how e-invoicing integrates with accounting workflows, enhances record-keeping, and supports effective financial reconciliation.

Day 2 shifts to corporate tax, focusing on income tax computation, allowable expenses, tax incentives, and strategic planning. Participants will learn practical approaches to tax computation, incentive application, and forecasting techniques, including "what-if" analyses and AI-driven cash flow planning. This workshop enables professionals to align their accounting, invoicing, and tax practices, leading to more efficient financial management and optimized tax outcomes.

[02] COURSE OBJECTIVES

By the end of this course you will be able to:

• Understand Overview of the e-Invoice Model

• Develop skills to Handled E-Invoice under different scenarios

• Gain guidance on actions to be taken to capture revenue and cost for your business operation and for tax deduction purposes.

• Understand the principles in computation of corporate tax.

• Updates on tax deductions (allowance vs non-allowance expenses)

• Guidance on Corporate tax planning

• Understand Cash flow planning using AI Solver (Multiple Strategies)

• Understand the principles in computation of Deferred Tax.

• Apply Tax planning using What-If analysis tool

[03] METHODOLOGY

Lecture, Case Study & Group Discussion.

SPECIAL FEATURE: Please bring laptop along.

[04] WHO SHOULD ATTEND

Accounts executive, Senior Account executives, Supervisors, Account assistants and all professionals who are interested in this topic.

[05] DATE, TIME & FEE

Date:           23-24 December 2024 (Mon-Tue)
Time:           9.00am - 5.00pm
Mode:          Online/ Interactive

Fee:  [HRDF CLAIMABLE]

   - Early Bird Offer (before 9 Dec 2024)      –      RM1400
   - Special Offer (before 16 Dec 2024)      –      RM1500
   - Normal Fee      –      RM1600

>> Fee incl. Course Notes, Certificate of Completion and 8% Service Tax

** OFFER **

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

[06] COURSE OUTLINE

DAY ONE - E-INVOICING/ ACCOUNTING

Module 1: Recording and Analysing Business Transactions

• Understanding Main Books of Accounting System for any type of Business Operations

• Journal, Ledger and Source Documents

• Ensuring Relevant Supporting Documents for Accounting Transactions

• Books of Original Entries – Types of Journals and Cash Book

• Ledger System – General Ledgers, Subsidiary Ledgers – Posting into Ledgers

• Proper Classification of Expenses to Avoid problems with Tax Authorities

Module 2: Issues Raised (Part 1)

• Disbursement or Reimbursement

• Employment Perquisites and benefits

• Certain Expenses incurred by Employee on behalf of the Employer

• Self–Billed E-Invoice

• Parties of Self-Billed E-Invoice

• Transactions which involve payments in Monetary Form to Agents, Dealers or Distributors

• Cross Border Transactions

• Profit Distribution (E.g. Dividend Distribution)

• Consolidated e-invoice

• Buyer’s Details in Consolidated E-Invoice

Module 3: Issues Raised (Part 2)

• Proforma deposit

• 72 hrs dateline

• Collecting Information from Suppliers & Customers

• CN, Trade Discount, free sample

• Transition period

• P&L Reconciliation

• Refund Note

• Delivery vs Billing

• Bad debts

• Intercompany Transactions

• Construction

• Migrant workers

• Directors

Module 4: Implementing E-Invoicing

• Listing down your common claims submitted

• Listed down all entities within your group & identify the implementation date

• Draw your current workflow and timeline of issuing Invoice

• How E-Invoicing impact on current workflow

• Listing down all types of your current invoicing transactions whether E-Invoice is required

• Listing down all types of your current payment whether E-Invoice is required

• Challenges you may face in the implementation of invoices and how you resolve them

Module 5: E-Invoicing System Application

• Myinvois E-Invoicing

• Consolidated E-Invoicing

• Self-billed AP

• Self-billed others

Module 6: P&L Reconciliation – E-Invoicing

• Sales

• Cost of sales

• GP

• Operational Cost

• Profit before tax

Q&A Session

End of Day One

DAY TWO - CORPORATE TAX

Module 7: Income Tax Computation

• Non-business income

• Allowable expenses

• Non-allowable expenses

• Special Deduction

• Double Deduction

• Balancing charge & allowance

• Unabsorbed Capital allowance b/f

• Current capital allowance

• Unabsorbed previous business loss b/f

• Approved donation

Module 8: Tax Incentives -Promotion of Investment Act

• Qualifying industry & Qualifying capital expenditure (MIDA)

• Tax incentives

o Pioneer status

o Investment tax allowance

o Reinvestment Allowance

Module 9: Corporate Tax Planning Strategies

• Use Business tools of What if analysis -goal seek to manage tax planning

• General Tax Planning

o Capex

o Review Opex

o Invest R&D

o Inventory write off

Module 10: Cash Flow Planning using AI Solver (Multiple Strategies)

• Collect more

• More sales

• Reduce expenses (cost of sales & opex)

• Change term of payments

• Inject capital

• Borrow more

• Review capex

Q&A Session

End of Training

[07] TRAINER PROFILE 

DR. STEVEN LIEW 

HRDF Certified 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 Corpo- ration (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. 

[08] ENQUIRY & REGISTRATION 
Enquiry: yes@sst2u.com
Contact:

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