Understanding Cash Conversion Cycle (CCC)
Business owners may use the cash conversion cycle to measure the time the company requires to…
Types of Audit – Statutory Audit and Non-statutory Audit
A statutory audit is an engagement of a financial statement audit between an entity and an…
How To Calculate Return on Capital Employed (ROCE)?
Return on capital employed is a profitability ratio. By using this ratio, you can measure your…
What is Audit Materiality?
When an audit firm in Johor Bahru is performing an audit, audit materiality is crucial. It is because…
An Overview of Suspense Account
When the accountants in an accounting firm Johor Bahru is not sure about where they should…
How Does Internal Control Help in Overcoming Payroll Fraud?
Based on a study that the Association of Certified Fraud Examiners conducted in 2012, more than…
Understanding Year-end Adjustments
The journal entries that the accountants would make to some general ledger accounts when a…
The Purpose of Reconciling Bank Statement
As a business owner, you need to conduct a bank reconciliation to compare the bank’s records…
Understanding Cash Collection Cycle
The cash collection cycle refers to the number of days the company needs in collecting its…
Financial Statements That Financial Accounting Generates
Financial accounting will produce some financial statements which are general-purpose and can be…