Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

Copy of COMPARISON OF BUSINESS AND ETIQUETTE OF TWO CONTRIES

No description
by

UMMU NABILAH SAPAI

on 22 May 2014

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Copy of COMPARISON OF BUSINESS AND ETIQUETTE OF TWO CONTRIES

ACCOUNTING THEORY (FAR600)
CONSUMER VS INDUSTRIAL PRODUCT

BACKGROUND OF THE COMPANIES
DIFFERENCES AND SIMILARITIES
FRASER & NEAVE HOLDINGS BHD
Founded in 1883 by John Fraser and David Chalmers Neave
Operates in Malaysia, Brunei, Thailand and Indochina
Leadership in the nation’s beverages and dairy products sectors
Listed on Bursa Malaysia & subsidiary of Fraser and Neave Limited

NYLEX (MALAYSIA) BERHAD
Public limited liability company
Listed on the Main Market of Bursa Malaysia Securities Berhad
Two main business segments
Acquired the interest in Ancom Kimia Sdn Bhd
13 subsidiaries

Malaysian Financial Reporting Standards ("MFRS")
Bursa Malaysia Securities Berhad Listing Requirements
Responsible for the preparation of the supplementary information
Attended the training programmes
Statement on Risk Management and Internal Control: pursuant to the requirements of Paragraph 15.26(b)
Applied in preparing the financial statements
The significant accounting policies adopted consistent with audited financial statements for the financial year ended
SIMILARITIES & DIFFERENCES
Malaysian Financial Reporting Standards ("MFRS")
International Financial Reporting Standards ("IFRS")
Bursa Malaysia Securities Berhad Listing Requirements
Finance Act 2007
Strata Management Act 2013
Whistle Blowing Policy
Environmental Quality Act 1974

NURUL HIDAYAT BT YUSUP
UMMU NABILAH BT SAPAI
SITI NUR AFIQAH BT MD IDRIS
NOR ATHIRAH BT MUHAMAD FAUZI
NIK NOOR ASYILAH BT NIK MOHD NASIR
Polymer
Chemical Industry
CORPORATE GOVERNANCE
COMPOSITION AND BOARD BALANCE
BOARD PROCESSES AND BOARD COMMITTEES’ ACTIVITIES
DIRECTORS’ TRAINING
REMUNERATION
ACCESS TO INFORMATION
INTERNAL CONTROLS AND RISK MANAGEMENT
FINANCIAL REPORTS
COMPOSITION AND BOARD BALANCE
SIMILARITIES
At least two directors or one-third of the board are independent directors
Caliber and credibility with extensive expertise and experience
DIFFERENCES
Number of board of director
F&N
11 MEMBERS
NYLEX (M)
6 MEMBERS
BOARD PROCESSES AND BOARD COMMITTEES' ACTIVITIES
SIMILARITY
Minimum attendance
DIRECTORS’ TRAINING
SIMILARITY
Continuing an education programme
REMUNERATION
SIMILARITY
Remuneration of directors
DIFFERENCE
In term how many function had been formed by Board
F&N
NYLEX
Remuneration
Committee
Combination with Nomination Committee
ACCESS TO INFORMATION
SIMILARITY
Unrestricted access to the advice and information
Direct access to the advice and services of the Company Secretary
INTERNAL CONTROLS AND
RISK MANAGEMENT
SIMILARITY
Board take the full responsibility in ensuring internal controls system and risk management framework
DIFFERENCE
Internal audit
F&N
NYLEX
Established own internal audit
Appointed Deloitte Enterprise Risk Services Sdn Bhd
FINANCIAL REPORTS
SIMILARITY
Both the Directors’ company take responsibility in ensuring that the financial reports present true and fair view of the Group’s financial performance
FINANCIAL RATIO ANALYSIS
CORPORATE SOCIAL
RESPONSIBILITY
COMMUNITY
ENVIRONMENTAL
MARKETPLACE
BUSINESS AND ECONOMIC LITERATURE REVIEW OF INDUSTRY
CONSUMER PRODUCTS
Comprised of the variety of products
Powerful industry
Source of a significant portion of the gross domestic product (GDP)
Few regulatory agencies
INDUSTRIAL PRODUCT
International Financial Reporting Standards (IFRS)
01/01/2012 - MFRS converged with the IFRS
All entities other than private entities are required to comply with MFRS Framework
SIMILARITIES
DIFFERENCE
The Standards, Amendments & IC Interpretations
SIMILARITIES
Bursa Malaysia Securities Berhad Listing Requirement
DIFFERENCES
F&N
Reviewed consolidated FS & announcements of the Group
Nylex (M)
Audit Committee Report
Review & report Statements
CSR Statements
Statement of responsibilities by Directors
Statement of CG
Finance Act 2007
SIMILARITIES
The treatment of return earning
Full imputation system adopted
Single-tier system
Strata Management Act 2013 & Whistle Blowing Policy
F&N
SMA 2013
Compelling developers to established & file share unit & parcel plans of commercial components
WBP
Channel to employees to report in good faith and in confidence
Environmental Quality
Act 1974
NYLEX (M)
Initiated various sustainable environmental conservation efforts
Kualiti Alam
Recycling centres
Alam Sekitar Malaysia Sdn Bhd
ISO 14000
CONCLUSION
Prepare annual report in the way which are interesting, understandable and eye appealing
Well return, clear and succinct
Include every affairs in the organization
Manufacturing, mining & utilities
Contribute only small portion to GDP
Highly sensitive to interest rates and consumers demand
80% of the industry's output worldwide
Consumes 26% of its own output
EU & US
33% of basic chemical
Full transcript