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How to choose/select accounting software In earlier part 1, we learn the importance of choosing the correct business accounting software. This part 2 deals with the importance of planning ahead when buying the correct business accounting software as this will later save us time and money in the future. Plan ahead by making sure that your chosen business [...] How to choose/select an accounting software It is important to understand that there is no such thing as a standard business accounting software which can be applicable to all different industries. Businesses like restaurant/food business, manufacturing business, merchandise business and others need dedicated accounting software to resolve their day-to-day accounting and management information needs. Even in [...] Leading top business consultancy firm, PriceWaterhouseCoopers(PWC) in its recent report stated that: China could overtake the United States to become the world’s largest economy as early as 2020,  Accounting fraud in malaysia-Ho Hup Bhd Recently, the board of directors of PN17 Ho Hup has announced to Bursa Saham Malaysia that it will conduct an independent final investigative audit report relating to business losses recorded for financial years ended from 31 st December 2001 to 2008. The lengthy announcement which is self-explanatory to Bursa Saham dated 19 th January 2010 is as follows:
(1) Dato’ Low Tuck Choy (“LTC”) was suspended as the Company’s Managing Director on 28.8.2008 on the grounds of, among others, certain breaches of duties owed by LTC to the Company which had caused substantial business loss to the Company (“LTC’s Suspension”). The Company has made a general announcement in respect of LTC’s Suspension on 29.8.2008 and 3.9.2008; (2) LTC was not re-elected as the Company’s director at the Company’s annual general meeting of shareholders held on 23.10.2008; (3) on 1.7.2009 the Company has appointed Messrs Anuarul Azizan Chew & Co. (“Investigative Accountants”) to Continue reading Accounting Fraud/ Irregularities in PN17 Company Ho Hup Construction Company Bhd |
FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four, Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.
Also author to another very popular free educational accounting cum finance blog: http://basiccollegeaccounting.com under the branding of College Accounting Coach. |
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