One way of raising short term financing is the use of Commercial Paper. Commercial Paper is one of the many money market instruments for raising funds. Before we proceed to understand Commercial Paper, let’s first understand what the term money market means. Money market is: A segment of the financial market in which financial instruments … Read more
Before you join any so called approved employer program whether under the Trainee Development or Professional Development, it is quite important that you should ask the supervisor of the company whether the company has been approved by ACCA body Under Trainee Development: ACCA recognises those employers who provide learning opportunities for ACCA students and affiliates … Read more
Extracted from ACCA’s Malaysia’s website the details of the Approved Employer Programme for your easy reference: http://malaysia.accaglobal.com/malaysia/employers/ OVERVIEW The programme is split into three main streams: Trainee Development Professional Development Practising Certificate Development (ignore not applicable) APPROVED EMPLOYER ASSESSMENT MATRIX Your organisation will be assessed against a number of best practice statements contained within our … Read more
Although, it is a common place to do articleship in auditing firm whether it is big accounting four and affiliates or reputable auditing firm, some however choose to article/work in another “stream” namely those commercial organisation who obtained the approval from the professional bodies like MICPA or ACCA to act as Approved Training Organization or … Read more
Some salient points that might be useful to student who intend to study Chartered Accountancy in India and wish to know a bit more on articleship with the auditing companies in India: Institute Of Chartered Accountants of India (ICAI) Salary · The institute prescribes a certain amount as remueration for the first, second and third … Read more
Very often, students are confused over such term as internship when applying to work in an auditing firm. Extracted below some pointers from one of the big Accounting Four, KPMG’s Malaysia pertaining to internship, graduates or experienced candidate This might be useful for readers to appreciate what’s required before they want to join any auditing … Read more
Append below some pointers on Centralization and Decentralization: Centralization The holding of formal authority and decision making at the higher echelons of management hierarchy. Decentralization When a larger part of authority is delegated down the level of management & Decision making is near the source of information Salient Points (1.0) Two important tests … Read more
Append below the answers to the questions on Financial Mathematics on Partnerships: ANSWERS TO QUESTION ON FINANCIAL MATHEMATICS ON PARTNERSHIPS 1. (a) Mr. A=$12,389 Mr. B=$6,111 (b) $11,100 © $63,624.00 2. Mr. A=$14,400 Mr. B=$10,800 Mr. C=$4,800 3. Profit: Mr. A=$12,000 Mr. B=$13,000 % : Mr. A=25% Mr. B=25% 4. Mr. A =$600 Mr. B … Read more
Append below the answers to questions on Financial Mathematic on depreciation based on straight line and reducing balance basis: FINANCIAL MATHEMATICS ANSWERS ON DEPRECIATION 1. $3,600 2. $2,375 3. (a) 32.55% (b) $2,415.34 4. (a) $131.53 (b) $304.83 5. 35.56% 6. (a) 15% (b) 24.21% CLICK HERE FOR ALL ARTICLES ON DEPRECIATION OF FIXED ASSETS
Append below the answers to the questions raised on Bills Of Exchange: FINANCIAL MATHEMATICS ANSWERS ON BILLS OF EXCHANGE 1. $192.80 2. (a) $76.71 (b) $3,924.73 3. (a)$9,840 (b) 6% 4. $429.65 5. $575.55 6. 4% 7. $3.06 8. $0.14