Essay regarding Roles and Function of Accounting

4. 3 Objects of the reviews.

Objective(s) in the report (state clearly) – What's the purpose of writing the report?

four. 4 Short introductory info.

OCB Berhad was set up in 29 Might of late 1950s, it presented the revenue of electronic and telecoms equipments plus the provision of system models and related engineering companies in Malaysia. It has 3 divisions, that are consumer food, bedding products and building supplies. Consumer meals division present instant noodles, garlic essential oil, seasoning-oil, sauces and so on, Bedsheets products department offered bedding, pillows, improves, etc . The division of building materials items building items for resorts, housing, medical institutions, prisons and educational establishments. Nowadays OCB has become the major role of offering instant noodle industry, bedsheets production sector and also building material supply industry.

4. 5 Functions and functions of accounting, financial declaration and accountants in organizing the gross annual report.

Accounting: Information for decision making in fact it is widely used to describe all types of business activity. Additionally , it has a number of functions which are interpret and record the effects of business orders, classify the consequence of similar orders in a manner that lets determination of the various totals and subtotals useful to administration and utilized in accounting studies, summarize and communicate the knowledge contained in the program to decision makers.

Economic statement: Economic statement is simply declaration of what is believed to be true about an organization, communicated in terms of a budgetary unit It summaries the top information of finance and profitability with regards to a company.

Accountancy firm in setting up annual report: Annual reviews provide a great deal of information about the firm and it is sent directly to all shareholders with the corporation and available to the population either through Internet, in collection or by simply writing or calling the investor associations department of corporation.

5. 6 Evaluation

(i) Business's assets, debts and equities.

|Year |Assets (RM) |= |Liability (RM) |+ |Equity (RM) | |2011 |336, 252, 1000 |= |123, 648, 500 |+ |212, 604, 1000 | |2010 |344, 031, 000 |= |132, 042, 000 |+ |211, 989, 000 | |2009 |402, 602, 1000 |= |184, 115, 500 |+ |218, 487, 000 | |2008 |411, 242, 000 |= |190, 143, 000 |+ |221, 099, 000

We can know from this desk: during the year of 2008 to 2011, this company's Asset was reducing from RM411, 242, 500 to RM 336, 252, 000, financial obligations was lowering from RM190, 143, 500 to RM123, 648, 1000, and its equities changed gradually. Assets are the resources that controlled with a business and from which foreseeable future economic rewards are expected to flow towards the business, financial obligations are bills or debts and they are all were decreased. So we can deduce that during these 4 years, this kind of company's economical activities ended uphad been reduced, it can total level was becoming narrow.

(ii) Firm's expenses and profits.

|Item |2011(RM'000) |2010(RM'000) |2009(RM'000) |2008(RM'000) | |Year | | | | | |Profit/Loss |4, 904 |(6, 998) |(1, 012) |(8, 855) | |Expenses |68, 898 |80, 039 |78, 092 |83, 362

Ratio of expense to net earnings across the 4 years period:

|Year |2011 |2010 |2009 |2008 | |Ratio |14. 05 |-11. 44 |-77. 17 |-9. 41...