Introduction Excel Poultry & Meat Sdn Bhd (EPM) was established in 1998 to carry on chicken farming and supplying of whole chickens to various outlets in Malaysia. The company was one of the members of the Federation of Live-stock Farmers’ Associations of Malaysia (FLFAM). It was small and medium sized enterprise (SME) located in Kluang‚ Johor. Encik Selamat‚ a Certified Public Accountant (CPA) had been the General Manager of EPM. He was transferred from another subsidiary of the same group
Premium Accounts receivable
MAF680 INDIVIDUAL WRITE-UP (5%): 1 HOUR CASE STUDY 1 – CHICKEN RUN ANSWER ALL QUESTIONS QUESTION 1 (20 marks) Based on the case Chicken Run‚ Ms Choy has discovered that the credit limit of Cold Gold Sdn Bhd‚ one of its major customers had gone into its level and yet the marketing department continued to supply products to the company. Discuss two (2) possible implications of this issue. Answer: The implications if a major customers had gone into is level‚ it will affect the company
Premium Generally Accepted Accounting Principles Debt Internal control
Chicken Run Intro Chicken Run is a 2000 British stop-motion animation film made by the Aardman Animations studios‚ the production studio of the Oscar-winning Wallace and Gromit films. Set in Yorkshire‚ England in 1961‚ the film centres around a band of chickens‚ who seek a smooth-talking Rhode Island Red named Rocky as their only hope to escape from their certain death when the owners of their farm decide to move from selling eggs to selling chicken pies. Plot The Tweedys are a grumpy middle-aged
Premium Chicken English-language films World War II
Chicken Run Department of accounting Acc 4291: integrated case study Chicken run Section Semester 2 2011/2012 Members: Mastura hashim 0735072 Muhammad safwan mohamad 0723979 Siti aqilah talib 0733292 Table of Content Executive Summary Decision Maker What should Ms. Choy do? ~Analysis: 1) SWOT analysis 2) Fishbone diagram 3) Financial evidence ~Alternatives ~Recommendation and Action Plan Executive summary: 1998‚ Excel Poultry & Meat Sdn
Premium Management Inventory turnover Meat
ACCOUNTANCY AC 220 BACHELOR OF ACCOUNTANCY GROUP ASSIGNMENT INTEGRATED CASED STUDY MAF680 CASE 2 : CHICKEN RUN Prepared by: - Muhammad Idzham bin Kamaruddin (2010642718) Norazlina binti Mohd Sibi (2010431122) Ruzanna binti Razuan (2008371483) Nor Azzian binti Ayob (2008250456) Sofiana binti Osman (2010699074) Aziani binti Samadi (2010696998) Prepared for: Dr. Azmi Abd Hamid CASE STUDY 2 : CHICKEN RUN SCENE 1 - SUBMISSION OF REPORT SCENE 2 - AT PANTRY SCENE 3 -CUSTOMER COMPLAINT
Premium Cash flow Curry
MAF680 CASE: CHICKEN RUN GROUP MEMBERS AFIQ IZDIYAD BIN IBRAHIM 2008368767 AHMAD SABRAN JAMIL BIN MOHD AMIN 2008555807 MUHAMAD RUZAINI BIN AB RAHMAN DAYANG CASANDRA ASMALIA BT SAIDI ILI NAZIEERA BT MOHD SOHED 2008383779 2008333715 2008318359 CONTENTS Page Introduction 1. What were the problems/issues facing the company? 2. Who are the stakeholders and what their stakes are? 3. How were the affairs of the company managed? 4. How would you describe the system that existed within the company? 5.
Premium Accounts receivable Accountant Certified Public Accountant
1.1 Case Background This case is about the Small medium enterprises‚ Excel Poultry & Meat Sdn Bhd (EPM) that face management‚ production‚ financial and internal control problems. Besides that‚ In this case also show conflict of interest between General Manager of EPM‚ En Selamat with the main debtors. The lack of internal control causes bad financial performance since 2008. Other than that‚ this case also shows the external factors for the production process that cause “chicken run” crisis
Premium Internal control Management information system
smooth closing when the company he presently helmed faced operational crises. The “chicken run” saga pictured a case that was familiar in respect of management of SME industry‚ at the infant stage when there was a lack of focus on the important considerations for proper running of business operation. THE MALAYSIAN POULTRY INDUSTRY EPM was established in 1998 to carry on chicken farming and supplying of whole chickens to various outlets in Malaysia. The company was one of the members of the Federation
Premium Ethics Accountant Accountancy
Chicken Run Case Leading Strategy | Analysis/Issue | Recommendations | Audit & Investigations | The account of Cold Gold Sdn Bhd has been outstanding for a substantial period of time and its amount is relatively significant. | * To address the problem‚ delay doing transaction with Cold Gold immediately. Request for payment first to avoid the amount to be more significant. If there is a need to extend the credit before they pay the amount‚ further authorization from the credit controller
Premium Financial ratio Financial ratios
There is a conflict of interest-Between En. Selamat and the Director of Gold Cold S/B which is En. Azman. There were best friends and Gold Cold S/B is one of the major customer. Internal Control En. Selamat still continued to supply the chicken to Cold Gold S/B even though the customer credit limit has exceeded. The marketing department didn’t follow the procedure on credit sales term (to ensure the customer didn’t exceed the credit limit) Collection of payment from the customer (each
Premium Accounts receivable Money Balance sheet