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How To Select The Correct Accounting Software(Part 2of2)
In earlier part 1, we learn the importance of choosing the correct accounting software.
This part 2 deals with the importance of planning ahead when buying the correct accounting software as this will later save us time and money in the future.
Plan ahead by making sure that your chosen accounting software are able to be:
Modular/ Scalability:
The [...]
January 31, 2010
Tags: Accounting Software Posted in: Accounting Software 
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How To Select The Correct Accounting Software Or Package for your business(Part1of2)
It is important to understand that there is no such thing as a standard 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 the same industry, they may have [...]
January 31, 2010
Tags: Accounting Software Posted in: Accounting Software No Comments
China could overtake US by 2020: PWC
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,
By 2030 the top 10 world economies could be China, followed by the United States, India, Japan, Brazil, Russia, Germany, Mexico, France and Britain.{ The current 10 largest economies, [...]
January 21, 2010
Posted in: ASIA PACIFIC REGION No Comments
Accounting Fraud/ Irregularities in PN17 Company Ho Hup Construction Company 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
The lengthy announcement which is self-explanatory to Bursa Saham dated 19 th January 2010 is [...]
January 21, 2010
Tags: ACCOUNTING FRAUD IN MALAYSIA Posted in: ACCOUNTING FRAUD/SCANDALS, Malaysia & Asia Pacific No Comments
How Can Computerized Sales Ledger Assists In Credit Management
Earlier article describe why the need to keep proper sales ledger.
At all times, management must ensure that the finance/credit department should implement a properly run computerized sales ledger which should have the following features to assist in credit control:
 ageing of debtors by DUE DATE
on line enquires on- credit limits, individual order limits, whether the customer is ” [...]
December 31, 2009
Posted in: CREDIT MANAGEMENT/CONTROL No Comments
Why Do We Need To Keep A Proper Sales Ledger To Help In Credit Management
It is important for both accountant and credit controller to understand the importance of keepng a proper sale ledger. In fact the sales ledger is an essential source of internal information about credit performance and it should be regularly updated for new invoices, credit notes and cash received in order to:
produce accurate management information
recognize as [...]
December 29, 2009
Posted in: CREDIT MANAGEMENT/CONTROL No Comments
What is Sukuk-al-Ijara ( Sale and leaseback structure)
The sale and leaseback sukuk structure is the most widely used, as it has been tried, tested, and accepted by most Shariah scholars, both in the Gulf region and Asia. All sovereign sukuks issued to date have been based on the sale and leaseback structure. The documentation is fairly standard, with a broad consensus among [...]
December 9, 2009
Tags: sukuk Posted in: Islamic Capital markets No Comments
