The general ledger refers to the main set of accounts, and it aggregates all the business transactions that a company has recorded. When the accountants from an accounting firm in Johor Bahru is doing the general ledger reconciliation, they will review all the accounts in it to make sure that the balances of the accounts … Read moreAccounting – General Ledger Reconciliation
Also known as the conservatism principle, the prudence concept is a concept that most accountants, including the accountants from an accounting firm in Johor Bahru, would follow. This accounting principle ensures that the company has not overstated its income and assets. It also makes sure that the company has made provisions for all determined losses … Read moreAccounting – Prudence Concept
Dividend refers to the share of profit that a company distributes to its shareholders (Also see Do You Think Dividend is an Expense?). It is a return that the company’s shareholders obtain for making investments in that business. The board of the company will decide on the amount of distribution, and the shareholders will need … Read moreWhat is Dividend?
Assets refer to anything that has some value. They can be owned by an individual or a company with an expectation to bring them economic benefit in the future. Assets are something basic that businesses should own to ensure that they can function smoothly, and they represent the value of ownership that a company can … Read moreHow Do Tangible and Intangible Asset Differ from Each Other?
Many lawyers suggest their clients conduct human resource audit regularly as it is an effective way of keeping the companies away from issues about legal matters, for example, unjustified termination litigation. Human resource audits are essential as they help in identifying the strength and weaknesses of the human resource department. A company should necessitate the … Read moreThe Importance of Conducting Human Resource Audits
An audit engagement is the engagement of audit services, which means the process by which the customer engages an audit firm in Johor Bahru before they start performing any audit activity. In the audit engagement process, both parties will sign the engagement letter, which contains all the essential terms and conditions of their engagement. The … Read moreIntroduction to Audit Engagement