Delima Case Study
BACHELOR OF ACCOUNTANCY (HONS)
AC220
INTEGRATED CASE STUDY (MAF 680)
CASE 1: A DELIMA
Table of Content
No.
Particular
Page No.
1
Introduction : Company Background & Case Summary
3
2
Identified Issues In DESB
4 - 8
3
Questions & Answers
9-13
4
Recommendations
14 - 17
5
Conclusion
18
6
Reference
19
7
Appendix
20-26
INTRODUCTION
Company Background
Delima Enterprise was set up by Encik Zayed in 1981. It engaged in trading and supplying related products including manpower supplies to the oil and gas industries. In 2004, the enterprise was incorporated as Delima Enterprise Sdn. Bhd. Both Encik Zayed and Puan Hashimah (husband and wife) were the two principal shareholders and controlling directors of the company. The company expanded its activities into provision of engineering services while its corporate mission was to become a leading service contractor who provide quality products and excellent services. The company had been awarded with several engineering projects since 2006.
Delima Enterprise Sdn. Bhd. (DESB) had maintained a very lean organization with basic functional positions. En Zayed and his wife Pn Hashimah were the Managing Director and Chief Operating Officer respectively. He and his wife only had secondary school background. They employed their own family members to work in DESB with minimal education background and no job experience. Puan Balqis, the Operation Manager and En Salam, the Human Resource and Administrative Manager were their relatives who only had secondary school background as well. Cik Amy, a young Accounting graduate was employed as Finance Executive responsible for maintenance of the accounting and financial matters of the company although she did not have working experience.
Case Summary
DESB had applied for banking facilities to implement the contract it had secured. The banks required the company’s Audited Financial Statements for the last two years. It was then when En Zayed
AC220
INTEGRATED CASE STUDY (MAF 680)
CASE 1: A DELIMA
Table of Content
No.
Particular
Page No.
1
Introduction : Company Background & Case Summary
3
2
Identified Issues In DESB
4 - 8
3
Questions & Answers
9-13
4
Recommendations
14 - 17
5
Conclusion
18
6
Reference
19
7
Appendix
20-26
INTRODUCTION
Company Background
Delima Enterprise was set up by Encik Zayed in 1981. It engaged in trading and supplying related products including manpower supplies to the oil and gas industries. In 2004, the enterprise was incorporated as Delima Enterprise Sdn. Bhd. Both Encik Zayed and Puan Hashimah (husband and wife) were the two principal shareholders and controlling directors of the company. The company expanded its activities into provision of engineering services while its corporate mission was to become a leading service contractor who provide quality products and excellent services. The company had been awarded with several engineering projects since 2006.
Delima Enterprise Sdn. Bhd. (DESB) had maintained a very lean organization with basic functional positions. En Zayed and his wife Pn Hashimah were the Managing Director and Chief Operating Officer respectively. He and his wife only had secondary school background. They employed their own family members to work in DESB with minimal education background and no job experience. Puan Balqis, the Operation Manager and En Salam, the Human Resource and Administrative Manager were their relatives who only had secondary school background as well. Cik Amy, a young Accounting graduate was employed as Finance Executive responsible for maintenance of the accounting and financial matters of the company although she did not have working experience.
Case Summary
DESB had applied for banking facilities to implement the contract it had secured. The banks required the company’s Audited Financial Statements for the last two years. It was then when En Zayed