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Further to my earlier article on management fee/transfer fee and the type of management services to be rendered,append below is a very comprehensive list of management services issued by our Malaysian Custom Authorities who is also in charge of the service tax:
(i) Corporate Affairs Management
- coordination of group-wide strategic and business planning;
- coordination of group-wide management policies;
- monitoring of group-wide performance and coordination;
- mergers and acquisition;
- privatization proposal/studies;and
- feasibility studies.
(ii) Human Resource Management
- Management/organization studies;
- Compensation structures;
- Group key manpower planning and control;
- Recruitment of key/senior management staff;
- Training planning and administration;and
- Group manpower development and planning (at group planning centre)
(iii) Internal Audit
- Financial audit;
- Management audit;
- EDP audit;and
- Special investigations.
(iv) Management Information Systems
- Group management information services;
- Support in EDP System development and implementation;
- Office automation;
- Outsourcing-contract to do all the work on information system;and
- Facilities management-managing of computer department/staff.
(v) Productivity and Quality Improvements
- Productivity improvement and control programmes
- Quality management;
- Customer services enhancement;and
- Operational system and control.
(vi) Administrative/Secretarial
( Secretarial services cover services provided by company secretaries,accountants,lawyers,etc)
- Accounting;
- Liaison with government/other agencies;
- Filing of statutory forms and returns;
- Maintain and update statutory records;
- Preparation of agenda,issue notice of statutory meeting and board resolutions;and
- Attending to share registration
- Formulation of marketing plans/strategies;
- Planning/co-ordination of promotion materials;
- Set up sales offices;
- Co-ordinate with lawyers on sale and purchase agreement;and
- Assist in billing as well as debt collection.
- High-rise building/condominiums;
- Business centre/shopping complexes;
- Stadium/sport/exhibition complexes;and
- Recreation/theme parks and gardens.
- Preparation and management of accounting systems and reports;
- Tax administration;
- Budgetary controls;
- Preparation of payments,banking documents and management of cash flow;and
- Monitoring utilization of banking facilities.
- Acting as receivers and liquidators;
- Trustees;and
- Management of estates.
- Feasibility study/investigation and research;
- Recommendation/proposal;and
- Preparation of agreement
- Management facilities;
- Project planning and control;
- Project implementation and administration;
- Coordination with relevant authorities-for approvals,certificates,etc
- Supervision;and
- Regular report on work progress.
- Establish tendering procedures;
- Call for submission of tender quotations;
- Co-ordination with relevant authorities for inspection of sites,etc
- Overall administration of progress and collection of contract works;
- Monitor costing and site expenses;and
- Control and supervision at site.
(vii) Sales &Marketing Management
(viii) Property Management
Financial Management
(x) Asset Management
Project Management Services include the following:
(xi) Preliminary Development Services
(xii) Project Management Services
-appointment of staff/consultants
-secondment of staff;
(xiii) Construction Management Services
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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.
[...] Refer to another article on a more comprehensive list of management services. [...]