It’s important that readers should be able to do proper report writing whether it is used to tackle examination questions or in their working lives. Obviously, there are certain rules/ principles/ formalities that need to be adhere to when doing proper report writing. Append below a listing of articles under report writing:- Performance Reports For … Read more
Inventories though not really considered as liquid asset are also being used as collaterals to obtain short term loan from lenders. From the lender’s standpoint, in the event of borrower’s default, the lenders can still dispose off the inventories at book value ( assuming those inventories items are easily marketable with stable pricing) The quantum … Read more
Append below features of Revolving Credit, the advantages and disadvantages of using Revolving Credit: Features & Salient Points Borrowing for a short period of time say ninety days but renewable when expiry date is due; Has the feature of both short-term and medium-term loans as the borrower can keep repaying and borrowing for a few … Read more
Append below features of Trade credits or Accounts Payable, the advantages and disadvantages of using trade credits: Features & Salient Points Credit extended by the supplier of goods and/ services; Normally for a period of 30 to 90 days; Credit term given by suppliers will depend on the company’s financial position and whether … Read more
Append below features of Short Term Loan, the advantages and disadvantages of using Short Term Loan: Features & Salient Points Fixed amount and have a fixed period of time to repay the loan; Interest rate is fixed; Duration from few months to few years; Repayments either in installments or bullet type meaning one lump … Read more
Append below features of Invoice Discounting, the advantages and disadvantages of using Invoice Discounting: Features & Salient Points Similar to factoring. The lender will advance a percentage of the trade debt The collection and management of the trade debt is done by the company and not the lending institution The borrower to repay amount advanced … Read more
Append below features of Bridging Loan, the advantages and disadvantages of using Bridging Loan: Features & Salient Points Normally applies to property based or project financing Loans are given for a specified period of time and coincides with the date the funds to repay. For example, in a housing project, a bridging loan … Read more
Append below features of Bank overdraft, the advantages and disadvantages of using Bank overdraft: Features & Salient Points Simplest and most flexible type of short term finance for most business; Given a maximum limit; Interest is charged only on those utilized; Unutilized amount is charged a small % of commitment fee; This facility is … Read more
Refer to my earlier article linking to the MIA’s membership database for readers to seek articleship or work in all the Auditing firms in Malaysia under the umbrella of MIA. Here, I provide two links specifically to MICPA’s website, for Malaysian CPA’S List of Auditing firms MICPA’s Approved Employer listing/search where the … Read more
Some major benefits from decentralization are as follows: BENEFITS FROM DECENTRALIZATION Improves morale and motivation as managers at lower level are able to see by themselves the results of their own decision making and actions The company can benefits from better breed/quality of managers as they are exposed to making the decision making. It helps … Read more