Key Advantages and Challenges of Adopting IFRS in Malaysia Accountants adhere to a set of rules in the measurement and recording of financial transactions. These rules are what we call accounting standards. Before, different countries have their own set of accounting standards. Further, countries and organizations can also choose to adopt the rules of other…
Reasons Why Implementing IFRS in Malaysia is Necessary In 2006, the Malaysian Accounting Standards Board (MASB) adopted the International Financial Reporting Standards (IFRS). Accordingly, with this decision come the changes in how Malaysian companies measure and record economic transactions. Implementing IFRS in Malaysia is an action to unify accounting standards globally. Why is this IFRS…
How Acquiring Accounting Software Can Maximize ROI of SMEs Small businesses are usually hesitant to purchase accounting software. This is because accounting software is not cheap, and most SMEs are tight on their budgets. However, what most SME owners don’t recognize is that getting accounting software can be beneficial for the company in the long…
Malaysia Rises to Become a Global Accounting Hub Multinational companies are now looking into Malaysia to house their accounting and finance functions. This is because of the growing number of competent accountants in the country. As a result, Malaysia is rising to compete globally when it comes to the accounting profession. Malaysia becoming a global…
5 Bookkeeping Tips Every Singapore Startup Should Know Starting a business requires close attention to financial records. The capital is limited, so as much as possible, you would want to maximize your money for functional purposes. Further, if you are expanding on a new location, it is especially important to have tight control of how…
Learn What to Look for When Hiring a Company Secretary Now and Know the Qualities Essential to Your Company’s Operations! Like any position in a company, you cannot just hire at a whim. Much consideration is needed. This is especially so when you are looking to hire a company secretary who will oversee the many…
Learn Which Firms Can Act as Company Secretary Today and Get the Help Along With the Expertise You Need! If you own a registered company in Malaysia, you need a company secretary. There is also an alternative. You hire a firm to have the secretarial role fulfilled. In fact, conventional secretaries may make investments of…
Here Are Reasons to Outsource Company Secretarial Service in Malaysia and How You Will Gain More Over the Conventional Approach You can always hire your own company secretary, but that’s not without risks and challenges. There are just so many things to consider, invest and to filter if you are setting your mind on getting…