...[pic] ACFI 3217 International Development in Accounting Comparing of the performance of Malaysia Airlines and China Southern Airlines Summary The purpose of this report was discovering and analyzing the performance of Malaysia Airlines and China Southern Airlines; and the benefits and problems in the U.S. adopting of IFRS will be mentioned. First, it evaluates the performance of Malaysia Airlines and China Southern Airlines through five ratios analysis which is profitability, liquidity/solvency, working capital efficiency, long term financial structure and investors’ perspective. Next, on basic of part one analysis, discuss the limitations of financial reporting, meanwhile, companies from different countries which are using different accounting standards should be noticed. Follow on; depend on the situation of financial report, using the SWOT methods to analyze the primary challenges faced by Malaysia Airlines and China Southern Airlines. Finally, discuss the positive and negative of U.S. adopting IFRS. Contents 1. Introduction 1 2. Ratio analysis of the MAS and CZ 1 3. SWTO analysis of the MAS and the CZ 12 3.1. Strengths 12 3.2. Weaknesses 13 3.3. Opportunities 15 3.4. Threats 16 4. The benefits and problems if US adopt IFRS 18 5. Conclusion 26 6. Reference 27 7. Appendices 36 7.1. Appendices 1—Analysis Current Ratio 36 7.2. Appendices 2—Analysis Quick Ratio 36 7.3. Appendices...
Words: 8151 - Pages: 33
...AVIAN INFLUENZA OUTBREAK: CHINA TO MALAYSIA 2 Avian Influenza A (H7N9) Virus was first noted in March 2013 in China. It was originally observed in poultry but human cases followed. In the spring of 2013, 132 human H7N9 infections were reported, with 44 leading to death. On February 12, 2014, the first case outside of China was reported. The case was located in Malaysia in a patient from an H7N9 exposed area of China. This traveler served as the vector for transmitting the virus from China to Malaysia. (Center for Disease Control, 2015). Most human cases seem to be linked to prolonged direct contact with contaminated living or dead poultry. People who are exposed to poultry or poultry markets in affected geographic areas are at risk. When possible, poultry exposure in those areas should be avoided. Proper hand hygiene should occur. Health care workers treating H7N9 may also be at an elevated risk, though human-to-human contact is rare at this point. Infected patients should be isolated with contact and droplet precaution orders. Personal protective equipment should be worn and excellent hand hygiene should be practiced by exposed health care workers. Most of the human cases have resulted in severe respiratory illness, with one-third of those cases leading to death. The illness does not typically spread person-to-person, however there is some limited evidence of a few rare cases that may have been caused by person-to-person contact...
Words: 701 - Pages: 3
...Japan, Korea, Malaysia, China, India and Korea are also sizable. Indian, China and Malaysia were second tier exchange in derivative market but growing rapidly. 2.0 Development of Derivative Market 2.1 Malaysia Malaysia start joining the derivative market trading community in October of 1980’s with the launched of crude palm oil futures at Kuala Lumpur Commodity Exchange (KLCE). KLCE was known as the first futures exchange in Malaysia and all of Southeast Asia, established in 1980. In December of 1995, Kuala Lumpur Options and Financial Future Exchange (KLOFFE) were officially licensed as a futures and options exchange, and trading on in its flagship stock index futures. In December 1998, KLCE and Malaysia Monetary Exchange (MME) were merged to establish Commodity and Monetary Exchange of Malaysian (COMMEX). Shortly after, in January 1999, KLOFFE became subsidiary of Kuala Lumpur Stock Exchange (KLSE). In June 2001, KLOFFE merged with COMMEX and form Malaysian Derivative Exchange (MDEX). Later Bursa Malaysia Derivative Berhad has listed in 2005. 2.2 China In 1980’s the relevant department study abroad to prepare and actively preparing for China's futures market .The China Zhengzhou Grain Wholesale Market, was the first commodities futures market opened at China in 1990 October. Due to the reason lack of unified management and understanding in future market and issues like illegal trading, market manipulation, China's futures market is in disarray. In 1993 China state council...
Words: 1002 - Pages: 5
...RELIGION IN MALAYSIA HISTORY OF MALAYSIA Situated in the heart of Southeast Asia at one of the world's major crossroads, Malaysia has always been pivotal to trade routes from Europe, the Orient, India and China. It’s warm tropical climate and abundant natural blessings made it a congenial destination for immigrants as early as 5,000 years ago when the ancestors of the aborigines, the indigenous peoples of Peninsular Malaysia, settle here, probably the pioneers of a general movement from China and Tibet. They were followed by the Malays, who brought with them skills in farming and the use of metals. As the beginning of Ancient Malaysia, the- Negrito aborigines are considered to be one of the first groups of people to inhabit the Malaysian peninsula. When the Proto-Malays, made up of seafarers and farmers, came to the peninsula they sent the Negritos into the jungles and hills. The Proto-Malays came from China and were technologically advanced, especially in comparison to the Negritos. After the Proto-Malays came the Deuteron-Malays, which were made up of many different people - Arabs, Chinese, Indians, Proto-Malays, and Siamese. The Deuteron-Malays were proficient in their use of iron and when they united with Indonesians, they combined to make up the people known today as the Malay. Around the first century BC, strong trading links were established with China and India, and these had a major impact on the culture, language and social customs of the country. During this...
Words: 4847 - Pages: 20
...chain and information systems. 70 Outlook 2000, Number 1 W hen it comes to toothpaste in China, Colgate is the market leader, according to a recent AC Nielsen Media International survey on China’s emerging consumer society. But in the shampoo category, a Colgate-Palmolive rival tops the list. Driving sales through brand-building and smart marketing is as necessary for fast-moving consumer products companies in China and the rest of Asia as it is in the mature markets of North America and Europe. But in Asia, with its fickle tastes, falling prices and unpredictable competitors, the pressure to keep ahead of the pack—and make a proper return—is relentless. The trick is to control tightly what can be controlled. The one area a consumer products company can be firmly in charge of is its own internal business processes. Eliminating waste and wringing out costs can have a dramatic effect, especially with the likes of shampoo, toothpaste and soap, where volumes are large but margins are tight. In the past two years ColgatePalmolive has rolled out an ambitious program to do just that in the Asia Pacific region. The company’s entire supply chain was reengineered and new back-office systems were put in place with stunning speed—all the more remarkable considering that the undertaking involved 57 sites across 11 different markets, including China. As a result, these far-flung operations were transformed into a single, closely integrated organization...
Words: 1381 - Pages: 6
...CHAPTER 1 1.1 INTRODUCTION MALAYSIA Malaysia is a federal constitutional monarchy located in Southeast Asia. It consists of thirteen states and three federal territories and has a total landmass of 330,803 square kilometers (127,720 sq. mi) separated by the South China Sea into two similarly sized regions, Peninsular Malaysia and East Malaysia (Malaysian Borneo). Peninsular Malaysia shares a land and maritime border with Thailand and maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia shares land and maritime borders with Brunei and Indonesia and a maritime border with the Philippines and Vietnam. The capital city is Kuala Lumpur, while Putrajaya is the seat of the federal government. With a population of over 30 million, Malaysia is the 44th most populous country. The southernmost point of continental Eurasia, Tanjung Piai, is in Malaysia. Located in the tropics, Malaysia is one of 17 mega diverse countries on earth, with large numbers of endemic species. SINGAPORE Singapore officially the Republic of Singapore, and often referred to as the Lion City, the Garden City, and the Red Dot, is a global city in Southeast Asia and the world's only island city-state. It lies one degree (137 km) north of the equator, at the southernmost tip of continental Asia and peninsular Malaysia, with Indonesia's Riau Islands to the south. Singapore's territory consists of the diamond-shaped main island and 62 islets. Since independence, extensive...
Words: 1585 - Pages: 7
...The degree of impact of China’s slowdown on Malaysian companies vary depending on the price competitiveness, availability of substitution, type of business and the management’s ability to minimise the impact (Malaysia Chronicle, 2015). 1. Export The slowdown in China’s economy will ultimately impact Malaysia’s exports demand. China is Malaysia’s second largest export market, accounting for 15 percent of its export economy (Springfield, n.d.), Malaysia-China two-way trade topped $100 billion in 2014 (Kurlantzick, 2015). Both goods and services industries are affected in line with slowdown in China’s domestic demand, namely key export products such as electronic component, transport equipment and palm oil, manufacturing sector; and services industries including trading, shipping and tourism which are externally oriented (Singapore Business Review, 2013). Slowdown in China’s economic growth also weakened its currency, thus consumers will consumed more locally-produced goods as imported goods becomes more expensive (Kok, 2015). 2. Import 1% drop in China’s growth rate is due to 4% appreciation in RMB as an act of shifting demand from export to consumption and 1% increase in wage. As labour cost and RMB becomes more expensive, China exports price rises, thus Malaysia import price increases, contributing to capital outflow and increased CPI (Bokyeong, n.d.). 3. Growth The fall in exports also caused slowdown in growth when loans are harder to get, and cost of borrowing...
Words: 1218 - Pages: 5
...National University of Malaysia Jurnal Hadhari Bil. 3 (2010) 61-84 Institute of Islam Hadhari CABARAN INTEGRASI ANTARA KAUM DI MALAYSIA: PERSPEKTIF SEJARAH, KELUARGA DAN PENDIDIKAN MOHD RIDHUAN TEE ABDULLAH ABSTRAK Kajian berkaitan dengan integrasi kaum di Malaysia agak kompleks. Ini kerana, sosio politik setiap kaum bersifat perkauman. Agen-agen seperti sejarah, pendidikan, media, parti politik dan pertubuhan bukan kerajaan amat kuat mencengkam budaya politik setiap kaum. Akhirnya, lahirlah setiap bangsa yang memperjuangkan kepentingan masing-masing. Bukti-bukti ini diperolehi melalui tinjauan yang dibuat ke atas kajian-kajian sebelum ini. Keadaan tidak banyak berubah sehingga ke hari ini. Kajian ini bertujuan menilai sejauh mana pengaruh agen sosio politik seperti sejarah, institusi keluarga dan pendidikan yang dilalui meninggalkan kesan terhadap hubungan antara kaum. Hasil kajian menunjukkan sosio-politik perkauman melahirkan sentimen perkauman yang tinggi. Integrasi masih lagi samar. Realitinya, sentimen perkauman masih kuat mencengkam budaya politik masyarakat berbilang kaum. Kata Kunci: Integrasi nasional, sosialisasi politik, politik etnik, agenda nasional, perpaduan ABSTRACT Study on integration and unity among races in Malaysia is quite complex. These are due to the facts that the political socialization agents process i.e. history, education, social, economy and politic, are race oriented. Every race fights for their own interest. Most of the past research...
Words: 8715 - Pages: 35
... Amway produced the brand of Artistry which debuts with 11 products and 37 shades. This product has grown to become one of the top five selling premium skin care brands. Another famous brand which is Nutrilite, which is belongs to Amway had developed their product line into home, beauty and nutrition sections. Nutrilite had grown to become the world’s leading brand of vitamin, mineral and dietary supplements. In Amway 80’s to 90’s century, it reaches an additional 20 countries through the power of more than one million distributors, included in Malaysia. The founder, Jay Van Andel had proudly announced that Amway had surpassing the $1 Billion sales mark. The company develops into 33 other markets in the region of the world, including Malaysia, China and South Africa. Amway would in excess of double in size during the decade; this is the result of hardworking by our distributors, employees and partners around the world. In Malaysia, Amway is the leading direct selling company. The company established during 1976 year,...
Words: 663 - Pages: 3
...whether to move the HCF operations to China or just manufacturing its own label for the Malaysian and Asean Market. Since he got the letters from KiKi and Houida, he needs to review his strategy quickly as both of the company are their best clients since its inception. STAGE 2 PART I: Decisions Key player | Jeffrey Cheong | No. | Main decision | Decision criteria | Alternatives | 1 | Decide whether to move HCF operations to China or not. | 1. if expand to china, HCF need to either operate their own factory or they can joint venture with Chinese manufacturer2. If they are going to stay in Malaysia, they need to shut down the factory in Chieng Mai which gonna risk them lose the China’s influence | 1. close down factory in Chieng Mai and Jitra2. produce their own label in new area such as Kuala Lumpur3. outsourcing | 2 | continue to retain HCF current customer base; KiKi and Houida | 1. Jeffrey need to consider moving to China and can supply the clothes at lower prices2. If they move to China, HCF will receive a reasonable resale value as its equipment were renewed from Butterworth and Penang factories.3. Substantial profit in selling the land as the factories located in fast developing area | 1. find new customers2. outsourcing3. close down Malaysian operations completely | Key player | Peter Tan | No. | Main decision | Decision criteria | Alternatives | 1 | He is keen with the option to set up their own factory in China | 1. He felt that HCF will lose...
Words: 717 - Pages: 3
...COMPANY PROFILE Sime Darby Berhad REFERENCE CODE: 5C1EB837-8775-459E-B821-AC170A84896A PUBLICATION DATE: 8 May 2015 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. Sime Darby Berhad TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts...............................................................................................................3 Business Description...........................................................................................4 History...................................................................................................................6 Key Employees...................................................................................................10 Key Employee Biographies................................................................................12 Major Products and Services............................................................................20 Revenue Analysis...............................................................................................22 SWOT Analysis...................................................................................................24 Top Competitors.................................................................................................30 Company View.............................
Words: 10629 - Pages: 43
...Foreign Direct Assessment: Analyzing the Mobility of FDI Models in Emerging Markets Kyle Himmelwright & Damian Zaccaria, Villanova Business School In this article, the authors will explore foreign direct investment in emerging markets. Applying a two prong investment model, they’ll assess three emerging Southeast Asian marketplaces; Indonesia, Thailand, and Malaysia. Additionally, they’ll explore the impact a variety of explicit and implicit factors have on the outcome. The research will indicate which of the three markets has the most potential for investment. Keywords: Foreign Direct Investment (FDI), emerging markets, investment, economic factors, growth, defense Foreign direct investment (FDI) plays a prominent and growing role in the global marketplace. FDI is defined as an investment made by a company or entity based in another country. The investment provides the firm with an opportunity to access new markets and marketing channels, cheaper production facilities, access to new technology, products, skills and financing (Goingglobal.com 2015). Accurately assessing marketplace factors is essential when evaluating whether to invest in a foreign market, especially when it comes to making decisions requiring foresight and conviction. “The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow.” Rupert Murdoch’s quote concisely illustrates the current state of the global marketplace; it simply isn't as big as...
Words: 10050 - Pages: 41
...Top 10 of Malaysia takes a brief look at some top Malaysian companies on the back of trials and tribulations experienced on a global scale last year. In 2011 many countries have been hit by challenges brought about by natural disasters, financial crises and political upheavals. Malaysia, as an emerging market, is expected to be still attractive to many investors, be they local or foreign. The start of 2012 has brought with it a myriad of new aspirations and resolve for companies in Malaysia. Maybank remained the company with the highest market valuation on Bursa, standing at RM62 billion while CIMB, at the number 2 spot in December 2011 with a market valuation of RM55 billion then, went down to the 4th spot on the current list after shedding some RM4 billion in market value. It was upstaged by Sime Darby and Petronas whose market valuations stood at RM55 billion and RM53 billion respectively. Maxis and Genting too, stood above Axiata which retreated about RM2 billion in its market value. Petronas hopes to improve its bottom line where natural gas is concerned with the operation of its gas import terminal at Melaka which is scheduled to be in operation in August this year and the acceptance of its proposal for a gas pricing mechanism. JCY International, a hard disk drive manufacturer, is again the top company in the technology sector with a market capitalisation of RM2.7 billion. Its share price has doubled in just over two months in recent times...
Words: 1080 - Pages: 5
...Analysis Of Malaysia 3 2.1 Economic Analysis of Malaysia 3 2.2 Cultural Analysis of Malaysia 3 2.3 Technology Analysis of Malaysia 4 3.0 Business Issues 5 4.0 Referencing 9 1.0 Introduction Malaysia is a multi-ethnic, multicultural and multilingual society. It is a fast growing state-oriented and newly-industrialised economy with liberal market policies aimed at promoting trade, entrepreneurship and industrial and economic development. Initiatives undertaken by the government and the private sector are investor-centric and business-friendly with the primary aim of encouraging market development. This has transformed Malaysia into one of the most dynamic business environments in South East Asia. Malaysia has a mixed economy with active participation in business by both the private and public sector. Although traditionally a commodities-led economy, services have contributed to the country's recent economic growth and now comprise the largest sector of the economy. Primary economic activities in Malaysia include manufacturing, export trade, services, tourism, and commodities such as petroleum, palm oil, natural rubber and timber. Information technology is also a growing industry. Despite being adversely affected by the economic crisis, the economy contracted by 1.7 per cent in 2009, the economy quickly recovered, experiencing positive growth rates in the years following; furthermore, growth is expected to remain resilient in 2015/16. The major trading partners of Malaysia are United...
Words: 1712 - Pages: 7
...coffee mix and have also expanded our export markets to Hong Kong for our instant coffee mix. In year 2002, White Cafe obtained a HALAL certification from the Islamic Religious Department of Perak for the Group’s beverages. This is part of our Group’s intentions, which is to produce our beverages in accordance with the Islamic law. In the same year, we successfully expanded our nationwide retail distribution of our 3-in-1 instant coffee mix to cover East and West Malaysia through major hypermarkets and supermarkets. In 2003, we also successfully commercialised our own formulated blend of 3-in-1 instant milk tea for the retail market under the ‘OLDTOWN’ brand name. Site Map | Find a Store In view of expanding our manufacturing activities, we incorporated Gongga Food in 2003 and commenced operations in 2004 manufacturing roasted coffee powder for the food services sector using the Group’s proprietary bean roasting process. We distributed our roasted coffee powder to traditional coffee shops in Ipoh and other states in Malaysia. In addition to the food services sector, our roasted coffee powder is also marketed to the retail sector under the ‘NANYANG’ brand. In 2004, we further penetrated the export markets for our 3-in-1 instant coffee to cover the United States, Canada and United Kingdom and subsequently in 2005, Taiwan and...
Words: 928 - Pages: 4