Qualitative Characteristic of Accounting Information in the Financial Statements
TABLE OF CONTENTS
CONTENT PAGE NUMBER
INTRODUCTION 3-4
EXTERNAL USERS 4-5
FEEDBACK VALUES CHARACTERISTICS 6-7
FORECAST VALUES CHARACTERISTICS 7-9
SUMMARY 9-10
REFERENCES 11
Introduction
Bursa Malaysia was in the beginning started as the Singapore Stockbrokers’ Association back in the year 1930. For Malaysia, it is the first official securities business organization. After seven years, it was re-registered as Malayan Stockbrokers’ Association. From the years 1937 to 2004, many changes in the business procedures happened which includes name changes. Bursa Malaysia provides comprehensive exchange-related services which include trading, clearing, settlement and depository services (Dahmash, N., 1995).
There are numerous sectors listed under Bursa Malaysia; consumer products, technology, trading/services, industrial products, construction, plantation and more. Here in this paper, the discussion is focused on Zhulian Corporation Berhad, which is consumer product. The name Zhulian is originated from Chinese characters which means rapid growth and far sighted in the business contexts (www.zhulian.com). Zhulian was started in Malaysia on 2nd January 1997 following the compliances of Companies Act, 1995. It was started as a private limited company known as Zhulian Corporation Sdn Bhd.
Seven years after the formation of Zhulian Corporation Sdn Bhd, the company changes into a public limited company and the original name was accepted. Zhulian Corporation Berhad (ZCB) was initially listed on the Main Board of Bursa Malaysia Securities Berhad on 27th April 2007. Zhulian has been applying their vision and mission implementations in the business from the time they started their operation. The major vision of the ZCB was to emerge as the first principal company for health and beauty products. And they determined to achieve
CONTENT PAGE NUMBER
INTRODUCTION 3-4
EXTERNAL USERS 4-5
FEEDBACK VALUES CHARACTERISTICS 6-7
FORECAST VALUES CHARACTERISTICS 7-9
SUMMARY 9-10
REFERENCES 11
Introduction
Bursa Malaysia was in the beginning started as the Singapore Stockbrokers’ Association back in the year 1930. For Malaysia, it is the first official securities business organization. After seven years, it was re-registered as Malayan Stockbrokers’ Association. From the years 1937 to 2004, many changes in the business procedures happened which includes name changes. Bursa Malaysia provides comprehensive exchange-related services which include trading, clearing, settlement and depository services (Dahmash, N., 1995).
There are numerous sectors listed under Bursa Malaysia; consumer products, technology, trading/services, industrial products, construction, plantation and more. Here in this paper, the discussion is focused on Zhulian Corporation Berhad, which is consumer product. The name Zhulian is originated from Chinese characters which means rapid growth and far sighted in the business contexts (www.zhulian.com). Zhulian was started in Malaysia on 2nd January 1997 following the compliances of Companies Act, 1995. It was started as a private limited company known as Zhulian Corporation Sdn Bhd.
Seven years after the formation of Zhulian Corporation Sdn Bhd, the company changes into a public limited company and the original name was accepted. Zhulian Corporation Berhad (ZCB) was initially listed on the Main Board of Bursa Malaysia Securities Berhad on 27th April 2007. Zhulian has been applying their vision and mission implementations in the business from the time they started their operation. The major vision of the ZCB was to emerge as the first principal company for health and beauty products. And they determined to achieve
References: • Dahmash, N. (1995). Financial Statements and Accounting Standards Generally Accepted.. Amman-Jordan. • Kieso, D. E., Waygandt, J. J., & Warfield, T. D. (2005). Intermediate Accounting. (11 edition). Wiley Publisher. • ACCPA, (2006) Journal of Accountancy, (Monthly Journal) September 2006, p. 17. • Cheney, G. (2006). FASB, IASB request views on new reporting concepts. Accounting Today, Aug. 21-Sept. 3. • Singleton-Green, B. (2006). The gathering. Retrieved on Oct. 2006, from http://www.accountancymagazine.com • Al-Duneibat, A • Amir, E. and B. Lev (1996) 'Value-relevance of nonfinancial information: The wireless communications industry ', Journal of Accounting & Economics, Vol. 22, No. 1-3, pp. 3-30. • Goodwin, J. and K. Ahmed (2006) 'Longitudinal value relevance of earnings and intangible assets: Evidence from Australian firms ', Journal of International Accounting, Auditing & Taxation, Vol. 15, No. 1, pp. 72-91.