There have been updates from the old MASB standards and old FRS of 2004 to present Financial Reporting Standards.

For easy reference, append below is a snapshot of the summary of complete listing of the Financial Reporting Standards. It traces the origin back to the old MASB and the old FRS 2004 and have included comments […]

Assuming a situation when you just joined the Finance department, your management felt that something is wrong with its existing structure and would like you to review its existing organization chart.

Append below is an hypothetical trading based finance organization chart (assuming IT and administration is under the Head of Finance):

· Controllership
· Treasurer
· Financial Planning
· Order […]

GO TO MAIN PAGE FOR ALL TOPICS COVERED UNDER CASH CONVERSION CYCLE/CASH OPERATING CYCLE 
In my earlier article on working capital management, we noted that days inventory outstanding forms one part of the component of the cash conversion cycle.

This article attempts to explore the further detailed use of DIO in stock management:

If we look at DIO, […]

As part of the role to assist senior management, the financial executive needs to find the best metric to measure the financial performance of his organization.
Normally, many companies are still using Earnings per share, Returns on Assets as the key performance metric.
 
Introduction:

Economic value-added (EVA) has increasingly gain acceptance amongst many top-notched organization. Those who used […]

As part of cost management, you might be queried by management on the escalation of audit fees.
Generally, audit fee increased due to the direct result of more audit hours being expended by the external auditors.

To reduce or at least maintain the audit fee we should proactively:

· Provide more assistance to the auditors, including preparation of […]