Have you ever considered establishing a limited liability partnership (LLP) when you are choosing from the business (Also see The Impact Of Poor Business Records For A Business) entities available in Malaysia? This form of business entity has combined the traits that conventional partnerships and private companies possess. Besides providing flexible internal regulations by having […]
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Do You Know That the Value of Equity Can be Negative Too?
The assets, liabilities and shareholder’s equity are three crucial elements that can present the financial position of a company. The accounting equation is an equation that links them together, which states that the total assets that a company owns are equal to the sum of its liabilities and equity. Thus, if we want to calculate […]
Analysis of Balance Sheet – Analysing the Equity of a Company
When you look at the balance sheet that the accountants from an accounting firm in Johor Bahru prepared for you, you will see three sections, which are the assets, liabilities and shareholder’s equity. When it comes to the analysis of the balance sheet, some may think that they only need to analyse the assets if […]
Analysis of Balance Sheet – Analysing the Liabilities of a Company
As one of the most important financial statements that the accountants from an accounting firm in Johor Bahru would generate for the business owners, the balance sheet provides a lot of information to the entrepreneurs as well as the company’s stakeholders. Besides analysing the assets of the company, they should also focus on the company’s […]
Analysis of Balance Sheet – Analysing the Assets of a Company
Some of the business owners may choose to outsource their accounting-related tasks to an accounting firm in Johor Bahru as they do not know how they should deal with the financial statements. However, if they want to stay on top of the financial position of their business, they need to understand what the financial statement […]
An Overview of Partnerships
If you want to start a business in Malaysia, there are a lot of forms of business entities that you can choose from. Out of the choices, you may have decided to establish your business as a partnership. Before you start registering the business and proceed to the next steps, you need to have a […]
Do You Understand the Useful Life of Assets?
When you are dealing with the accounting tasks that are related to assets, you will often come across the phrase “useful life”. It refers to the amount of time the assets are expected to be functional and are suitable for its functions. Some people would call it as economic life, effective life or service life. […]
Accounting – Interest Expense
It is common knowledge that if a business wants to increase its profits, it should either increase its revenue or cut down its expenses. Interest expense is an expenditure that business owners would often neglect as it seems like a small amount that some of the business owners would not even calculate carefully. Others may […]
The Similarities and Differences between Sole Proprietorships and Partnerships
If you are one of those who want to run a business on a small scale, you may be choosing between establishing a sole proprietor or a partnership. Before you decide, you need to study their similarities and differences thoroughly, then only you can make the decision and engage a company incorporation service in Johor […]
Limited Liability Partnerships (LLP) in Malaysia
You might have heard of companies that are incorporated as a limited liability partnership (LLP), but you may not have an idea about what it is and how it works. A limited liability partnership is a form of business entity which is governed by the Limited Liability Partnerships Act 2012. It has merged the traits […]