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Franchise fees may cover the supply of initial and subsequent services,equipment and other tangible assets,and know-how Extracted from the appendix to Malaysia FRS 118 revenue,the following are noted in the event we need to recognize revenue from the varying aspect of franchising: Supplies of equipment and other tangible assets. The amount,based [...] Append below some useful which might of interest to those who wish to seek franchising opportunities:Linked to The Malaysian Franchise Association (articles,members,etc) http://www.mfa.org.my/ Linked to Matrade which assists Malaysian Franchisors to go overseas: http://www.matrade.gov.my/msianproducts/msianServFranchise.htm Sources of funding for franchising: http://www.smebank.com.my/franchise.asp Linked to the Global Franchise Association: http://www.franchisehandbook.com/associations/ Linked to the Global scene of [...] What does it take to set up a franchising business. Well,besides the unquantifiable “sweats of hard work” by the franchisees,we need to consider the initial set up costs and recurring costs to be paid to the franchisor or to its direct affiliates. Some of the most typical costs and fees include paying: a [...] Some investors instead of investing in the conventional stock markets,bonds or real estates prefer to look into getting a franchising business that can act as cash cow to generate recurring cash-flows . The following perhaps might be some reasons for sourcing a reputable franchise business rather than initiating one: It is the fastest way [...] In the late1980’s ex-Prime Minister Tun Dr Mahathir Mohammed in order to spur entrepreneurship activities amongst Bumiputeras initated the franchising concept in Malaysia. However,to date of writing,the Malaysian government has not been able to give much oomph to encourage the franchise industry’s growth. A little bit of background: In Malaysia,the franchise sector [...] |  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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