3E Accounting Malaysia Blog

Effective and Efficient Management of the Accounts Payable Process Management of the accounts payable process is one of the most important activities in business. You should pay what you owe to others, but ensure that this is done effectively and efficiently. Accounting and finance practices give out the concepts of what should be the most…

Understanding the Different Types of Assets and Liabilities Assets and liabilities play an essential role in ensuring the profitability and long-term sustainability of a business. The key to achieving these goals depends on how the company effectively manages its assets and liabilities. Therefore, it is crucial to understand each of their classifications to manage company…

Beginner’s Guide on How to Read and Understand the Balance Sheet The company’s balance sheet shows how the business is fairing at a particular time. The balance sheet, also known as the financial position statement, reveals company assets, liabilities, and owner’s equity. This report, along with the income statement, and statement of cash flows, makes…

Knowing Beneficial Ownership of Malaysian Companies and Following Legal Procedures What exactly is beneficial ownership in Malaysia, and why is it important to declare? The Companies Commission of Malaysia (CCM) has created a draft and subsequently published a guideline in the March of 2020. It became legally mandatory for every company and Limited Liability Partnerships…

Basics of How to Transfer Shares in a Malaysian Company and Do It Your Way “Nothing ishttps://www.hasil.gov.my/en/ permanent,” not even shares ownership. They switch hands, and they change. There can be many reasons as to why you might want to transfer your shares, ranging from giving them to your family to selling them to another…

A Brief Guide on the Differences Between Malaysia Ordinary and Preference Shares Buying or selling shares, but have no idea which to choose (yes, there are different types)? It can be tricky to decide at first on which is best. If you are buying, you may be interested to know what each type entails which…

Different Types of Malaysian Company Shares and the Advantages They Offer Shares can be invested in for potential future returns, but did you know they come in many forms? Indeed, shares can generally come in two forms (ordinary shares and preference shares) and their numerous sub-types. If you know a thing or two about how…

The Impact of Technology on Company Secretary in Malaysia: Is It Good or Bad? There have been mixed reviews from secretaries when it comes to the impact of technology on their jobs. On one side, most professionals think the proper use of technology can be beneficial to make their roles easier. On the other hand,…