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
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Mad Food Sdn Bhd (MF) has 50 members and has a market capitalization of RM5 million. The board of directors is desirous of converting MF into a limited liability partnership (LLP). The reasons are that MF is not very profitable‚ it is getting very costly to operate as a body corporate with a small capital and MF is restricted by its objects clause to pursue other business opportunities. iii. MF was advised that a partnership must not have more than 20 partners all of which must be individuals. MF
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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 SCENE
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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
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com/archive/index.htm [1983] Part 2 Case 5 [PC] | | | THE PRIVY COUNCIL | River Estates Sdn Bhd - vs - The Director General of Inland Revenue CoramLORD SCARMAN LORD ROSKILL LORD BRIDGE OF HARWICH LORD BRIGHTMAN SIR DENYS BUCKLEY | 5 DECEMBER 1983 | Judgment Lord Scarman (delivering the Judgment of the Board) 1. Ever since its incorporation in 1950 River Estates Sdn Bhd the appellant‚ has been engaged commercially in the extraction of timber and in plantation in north-east
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professional accountants have to be objectivity in evaluating the going concern issue. They have to investigate the relationship between Encik Selamat and Encik Azman. They should ask Encik Selamat to proceed to the legal suits against Cold Gold Sdn. Bhd. Professional Competence and due care Competence and due care means that avoid from conflicts of interest. A conflict of interest may exist when there is a significant relationship with a person‚ entity‚ product or services that could be viewed
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company. However‚ the Yummy Sdn Bhd had purchased the new machine for expanding their product lines purpose. Therefore‚ the company has no extra capital to allocate to R&D and they cannot borrow any fund from bank as well. Based on this circumstances‚ since Yummy Sdn Bhd can’t find the fund in any external wayfinding‚ so the company can attempt to find fund through internal wayfinding. The first way suggest to the company is do the cost saving project. Yummy Sdn Bhd can try to suggest and provide
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Contents INTRODUCTION Excel Pountry & Meat Sdn Bhd (EPM) which is small & medium sized enterprise (SME) was a subsidiary of PCK Holding and located in Kluang‚ Johor. EPM was established in 1998 with initial capital of RM 3.6 million and main business is to carry on chicken farming and supply of whole chickens to various outlets in Malaysia. Starting with 20 employees‚ EPM now had more than 200 employees and become amongst top 5 chicken suppliers in the mid-tier producers in the country
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• Introduction of the company WORLDGATE EXPRESS SERVICES SDN.BHD. Is a wholly Malaysian owned company‚ with experienced people‚ running a viable‚ dynamic organization. The company was established in the year 1999 as an International air & sea freight forwarder. We currently have a workforce of about 100 employees covering KUL airport‚ Port Klang‚ Penang‚ Pasir Gudang and Melaka. We also have a warehouse in Port Klang‚ 50‚000sq ft plus another one in KUL airport‚ both are bonded. Besides
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PLANNING AND STRATEGIC MANAGEMENT Basic strategies used to respond to uncertainty Hup Seng is a defender in responding to uncertainty. Hup Seng can be described as a market-leader in crackers as they are experts at producing and selling biscuit Hup Seng is quite active to produce new product for market. Other than crackers‚ Hup Seng also sells sweetened and unsweetened biscuits‚ other assorted biscuits and coffee products through its subsidiary‚ In-Comix. They also sell “Ong San Yong” Chinese
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