admin

A company constitution is a contract which summarises the company’s relationships with its directors, corporate secretary, as well as all its members. It includes the duties that control a company. These include the appointment or removal of the company’s directors, the transfer of shares (Also see What is Share Certificate?), allotment of shares, dividend payment, … Read moreThe Importance of Company Constitution

Most people might have heard of the term “net worth of a company” quite often. To put it simply, it refers to the company’s net earnings and assets after the deduction of all expenses and liabilities. You can calculate a company’s net worth by using two different methods. The first method is by taking the … Read moreCalculating a Company’s Net Worth

Before establishing a new company, business owners must consider the types of business entities in Malaysia seriously. This is because they can organise a business in one of the ways and the type of business entity that they have selected will bring an impact on the owner’s and the company’s legal liability and the treatment … Read moreAn Overview of Sole Proprietorship

Typically, business owners (Also see Accounting Tips That All Business Owners Should Know) will make a significant investment in the company’s inventories. If most of the inventories are raw materials, you, as the business owner (Also see How to Track the Expenses and the Benefits It Brings to Your Business), should monitor them to ensure … Read moreControls for Inventory

Do you know how you should categorise the assets that your company owns and what are the characteristics of each type of them? When you look at the balance sheet that the accountants from an accounting firm in Johor Bahru have prepared for you, you will see that they have divided the assets into two … Read moreAn Overview of Quick Assets

Property, plant and equipment are non-current assets that business owners would use in the operation of the business for a more extended period. They fall under the category of fixed assets, and they are tangible assets which are physical in nature. This type of assets cannot be liquidated easily, and the accountants from an accounting … Read moreAccounting for Property, Plant and Equipment