Accounting Services in Johor Bahru
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admin According to the requirement by the board of directors, the intention of the management, or by law, companies will usually engage an independent audit firm in Johor Bahru to audit their financial statements yearly. Generally, if the auditors did not find any crucial problems on the financial statement of the company, they are going to … Read moreWhat is an Unqualified Audit Report?
Paid-in capital is the capital that the investors have contributed to a company by purchasing the stock from that company in the primary market, but not from the secondary market. This is because if the investors buy the shares directly from the company, the party that receives the fund is the company, and the sum … Read moreDo You Know What is Paid-in Capital?
In accounting, a historical cost refers to a measure of value, where a company will record the value of an asset at the price it acquired that asset on its balance sheet. Most companies would record most of their long-term assets at historical costs. The concept of historical costs follows the conservatism principle in accounting … Read moreUnderstanding Historical Costs
The word “audit” refers to the process of examining the accuracy of financial records of an individual or a business. Usually, an audit is a high-stakes process as a business may have to face severe legal and financial consequences if LHDN found out that it did not pay enough taxes in an audit. Thus, companies … Read moreIntroduction to Pre-audit
Mark-to-market is an approach that people may use to measure the fair value (Also see Introduction to Fair Value Accounting) of accounts which may vary as time passes. Assets and liabilities are two good examples. The objective of mark-to-market accounting is to give a practical evaluation of the financial condition of a company according to … Read moreUnderstanding Mark-to-market
For some of the small businesses, payroll may contribute to about half of their expenses. Thus, it is reasonable for them to audit their payroll regularly. For example, the company may engage an audit firm in Johor Bahru and schedule a payroll audit when each quarter ends, which is a suitable timing to have an … Read moreProcedures in Payroll Audit