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12 October 2007 This is an E-mail Alert from the Support and Consultation Centre for SMEs (SUCCESS) of the Trade and Industry Department.

SUCCESS Training Course :
Basic Financial Management Course for SMEs

Information:

Organisers:
- Support and Consultation Centre for SMEs (SUCCESS)
- CPA Australia
Date and Time:
Session I: 22 October 2007 (Monday) 2:30 - 5:30 p.m.
Session II: 29 October 2007 (Monday) 2:30 - 5:30 p.m.
Venue:
CPA Australia, Rooms 1201-06, 12/F, Tai Yau Building, 181 Johnston Road, Wanchai (MTR Wanchai Station Exit A3)
Content and Speakers for Session I:
Speakers:

Mr Dennis Ko, BBA, PCEd, MCom, PGDLL, CPA (Aust.), ATIHK,
Instructor, School of Continuing and Professional Studies, The Chinese University of Hong Kong and
Member of CPA Australia Public Sector Committee


Introduction to Accounting (Business Management Perspective)
- Function of accounting in small businesses' perspective;
- Compliance regulations in Hong Kong;
- Double entry accounting vs. cash accounting;
- Financial & management accounting basics;
- General use of accounting information; and
- Business advices from professional accountants

Accounting for Assets
- Definition and recognition of assets;
- Receivables and prepaid expenses;
- Deferred income;
- Financing of property plant & equipment;
- Depreciation expense and its tax implication; and
- Recognition and valuation of intangible assets

Dr. Sammy Chung, DBA, FCPA (Practising), ACA, FCCA, CPA (Aust.),
Managing Director, Chung & Partners Limited, and
Member of CPA Australia Public Practice Committee


Interpretation and Preparation of Financial Statements
- Introduction to financial statements;
- Bookkeeping, chart of accounts;
- Compliance;
- Preparation of balance sheet, profit & loss and income statements; and
- Interpretation of financial statements

Accounting performance measurements for small businesses
- Measurement of company’s financial health;
- Ratios calculations and implications; and
- Liquidity, funding gap
Content and Speakers for Session II: Speakers:

Ms Lydia Wong, MBA, CPA (Practising), CPA (Aust.),
Sole Proprietor, Lydia W K Wong & Co, and
Member of CPA Australia Public Practice Committee


Auditing and Taxation
- Company formation and recognition of business expense for tax purposes;
- Introduction to profit tax;
- Loss cases;
- Company formation (local or offshore); and
- Hiring and paying employees

Quantitative Management Decision Making
- Utilisation of ratios;
- Breakeven (Cost – Volume – Profit);
- Net present value for acquisition of assets; and
- Electronic accounting systems

Mr Vincent Fok, CPA (Aust.),
Executive Director, Ferrier Hodgson, and
Member of CPA Australia Public Practice Committee

Costing

- Activity based costing;
- Profitability analysis;
- Capital budgeting; and
- Cost control

Management of Working Capital and Financial Risks
- Managing cash flow;
- Managing receivables;
- Source of capital (fund raising for small business);
- Banking and loan; and
- Hedging 
 
Target Audience:
Owners and finance staff of SMEs
Language:
Cantonese
Admission:
Free of Charge

For activity details and registration, please click here.

For enquiries, please contact SUCCESS at tel: 3403 6111 or e-mail: success@tid.gov.hk

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