OVERVIEW
Managing your finances and planning your taxes can be daunting tasks, but they are essential for achieving your financial goals. This course is designed to provide you with the knowledge and skills needed to manage your personal finances effectively and plan your taxes in accordance with Malaysian laws and regulations. Through a combination of lectures, discussions, case studies, and exercises, you will learn the fundamentals of financial management, investing, risk management, and tax planning. You will also gain practical insights into how to invest for major life events, such as buying a house, starting a family, and preparing for retirement. By the end of the course, you will be able to integrate financial management and tax planning strategies to achieve your long-term financial goals.
At the end of the training, participants would be able to:
- Develop a fundamental understanding of financial management, including the ability to analyze financial statements and ratios to make informed financial decisions in the Malaysian context.
- Understand Malaysian tax laws and regulations, and identify the different types of taxes in Malaysia to effectively plan and manage personal taxes.
- Identify different types of investments available in Malaysia, and develop diversification strategies to achieve long-term financial goals.
- Apply financial management and tax planning strategies to achieve long-term financial success in Malaysia, including investing for major life events such as buying a house, starting a family, and preparing for retirement.
- Typically spans 2 days (9am to 5pm).
- Nonetheless, we can customize both the program’s duration and schedule to cater to unique client requirements (e.g., compact 1-day workshops or extended sessions beyond 3 days).
- Graduates and Entry-Level Employees
- HR and Employee Benefits Managers
- Middle Managers and Supervisors
- Small Business Owners and Entrepreneurs
- Financial Advisors and Consultants
PROGRAM OUTLINE
- Introduction to Financial Management in Malaysia
- Defining financial management and its importance in Malaysia
- Understanding Malaysian financial statements and financial ratios
- Developing financial goals in the Malaysian context
- Budgeting and Cash Management
- Creating a budget in Malaysia
- Tracking expenses in Malaysia
- Cash management techniques in Malaysia
- Controlling cash flow in Malaysia
- Investing and Risk Management for Fresh Graduates
- Importance of investing for employees in Malaysia
- Different types of investments available in Malaysia
- Risks and returns for employees in Malaysia
- Diversification strategies for employees in Malaysia
- Introduction to Individual Tax Planning in Malaysia
- Understanding Malaysian tax laws and regulations
- Identifying taxable income in Malaysia
- Types of taxes in Malaysia
- Tax planning strategies for Malaysians
- Deductions and Credits
- Standard deductions vs. itemized deductions in Malaysia
- Common tax deductions in Malaysia
- Tax credits and their benefits in Malaysia
- Maximizing tax savings in Malaysia
- Investing for Life Events of Fresh Graduates in Malaysia
- Investing for buying a house in Malaysia
- Investing for starting a family in Malaysia
- Investing for buying a car in Malaysia
- Financial planning for major life events in Malaysia
- Filing Taxes
- Understanding tax forms
- Filing deadlines
- Electronic filing options
- Common mistakes to avoid
- Tax filling “DEMO”
- Putting It All Together
- Integrating financial management and tax planning in Malaysia
- Real-life examples and case studies from Malaysia
- Tips for long-term financial success in Malaysia
PROGRAM METHODOLOGY
- Hands-on Activities: Practical exercises to reinforce theoretical concepts.
- Group Discussions: Opportunities for peer-to-peer learning and exchange of ideas.
- Role Plays: Simulations of realistic situations to build practical skills.
- Feedback Sessions: Reviews and reflections to encourage improvement.
- Problem-solving Exercises: Develop critical thinking and decision-making skills.
- Experiential Learning: Learning by doing, promoting active involvement.
- Interactive Lectures: Engaging presentations by experts in the field.
- Case Studies: Real-world scenarios for learners to apply their knowledge.
- Quizzes & Tests: Regular assessments to track learning progress.