A new paradigm of franchise definition: franchising vs. licensing

For this study, we will view definitions and types of franchising from two perspectives: the West and Malaysia

Accounting Practice In Hospitality Industry : A Case Study At Palace Of The Golden Horses Hotel

Financial are the most important matters in the hospitality management. The financial and accounting matters are the core of the hotel liability that lead in planning, organizing and controlling the revenue and cost of the hotel. This research study concentrated on accounting practice in Account and Finance Department as a department that determine the hotel business as a profitable business and play a major role in strengthening the internal control relating to cost expenditure and improvement of the profit margin of the hotel. Specifically, this research study explore the accounting treatment, financial of the hotel operation that involving the internal control in the operation structure and the process of work at the Account and Finance Department, Palace Of The Golden Horses Hotel. This research study went through all the sections that under the supervision of Account and Finance Department, Palace of The Golden Horses Hotel such as Accounting Section, income Auditor Unit, Night Auditor Unit, Cashiering Unit, Credit Control Section, Account Receivable Section, Management Information System (MIS) Section, Account Payable Section, Payroll Section, Purchasing & Store (Inventory) Section and Food and Beverage Cost Control Section

Almanak 2011 panduan aktiviti UUM

Bagi memastikan jadual perancangan aktiviti pelajar selama setahun dapat direncanakan dengan sistematik, berstruktur dan tersusun, Jabatan Hal Ehwal Pelajar dan Alumni Universiti Utara Malaysia (UUM) mengorak langkah menerbitkan ‘Almanak 2011’ iaitu buku yang mengandungi 900 muka surat merangkumi 2,200 aktiviti yang dirangka untuk pelajar UUM sepanjang tahun ini

The financial and non-financial elements in the franchise disclosure document for a new franchise system

Franchising is the fastest growing method of doing business. In Malaysia in particular, franchising has been aggressively promoted by the government since the early 1990s. However, there is little academic research to guide or regulate industry practices. Thus, this research investigated the financial and non financial elements that should be in the franchise disclosure document. This research used action research methodology to for this purpose and benefited from the involvement and co-operation from the government department that regulates franchise industry in Malaysia. Three main action research cycles (with two mini-action cycles for each main cycle) were conducted with three new franchise systems seeking to register with the Registrar of Franchise. In order to triangulate the findings of the action research, the findings were presented them at the National Franchise Workshop. Final results show that the franchise disclosure document should comprise 25 elements: 9 financial and 16 non-financial elements. The Registrar of Franchise in Malaysia has since adopted these elements and requires these to be included in the franchise disclosure document for a new franchise system

Influential financial factors of employee engagement outcomes within SME business in Malaysia:A qualitative study.

A great deal of interest in employee engagement has been witnessed over the years. Even though previous researchers have established the relevance of employee engagement and their desired outcomes, an examination of the existing literature has revealed a gap. Against the backdrop of the importance of employee engagement within small-and-medium enterprises (SMEs), the purpose of this study was to qualitatively explore employee engagement outcomes at the organisational level, particularly the influential financial factors. Participants of this study shall include the top managers of SMEs in Malaysia. Eight financial factors namely profitability, productivity, revenue, business growth, account receivable, shrinkage, operating margin, and return-on-asset (ROA) were identified. This study will employ the snowball sampling technique and converging interviewing was suggested to be used to gather data to confirm the proposed conceptual framework. Finally, data will be analysed using content analysis

Using action research in business: developing new practical framework of financial planning process for a franchise system.

Franchising is the fastest growing method of doing business these days, however, there is little academic research to guide or regulate industry practices. Thus, this research investigated the financial planning process in developing a new franchise system. This study used action research methodology to develop a new practical framework of financial planning for a new franchise system within the Malaysian government department franchise regulators. Three main action research cycles were conducted with three new franchise systems seeking to register with the Registrar of Franchise Malaysia (ROF). To triangulate the findings of the action research, the researcher also presented them at a National Franchise Workshop (NFW). These activities showed that the process of financial planning for a new franchise system should comprise 14 elements with specific linkages. These practical frameworks for financial planning in a new franchise system were adopted by the ROF to be used as guideline in the process of developing a new franchise system and serve as evaluation tools for franchise registration

Kriteria pemilihan Lembaga Tabung Haji sebagai institusi kewangan dan perbankan: Perspektif pelanggan & ekonomi Islam

Hasrat Malaysia untuk muncul sebagai pusat perkhidmatan kewangan Islam bagi Asia Tenggara akan tercapai sekiranya setiap komponen yang terlibat terutamanya institusi institusi kewangan dan perbankan memainkan peranan mereka dengan berkesan dan memberikan komitmen yang tinggi. Lembaga Tabung Haji yang juga merupakan salah satu komponen institusi kewangan dan perbankan juga perlu menunjukkan prestasi yang baik dan berkesan. Oleh itu, satu penyelidikan mengenai Lembaga Tabung Haji telah dibuat dengan tujuan utamanya adalah untuk mengenalpasti kriteria-kriteria yang mempengaruhi pelanggan dalam memilih Lembaga Tabung Haji sebagai institusi kewangan dan perbankan mereka. Penyelidikan ini juga telah dibuat dengan mengambilkira keputusan-keputusan dan pandangan serta pendapat penyelidik-penyelidik yang terdahulu dan dapat dirumuskan bahawa hasil penyelidikan oleh penyelidik-penyelidik terdahulu telah menunjukkan bahawa terdapat 13 kriteria yang mempengaruhi pemilihan pelanggan terhadap sesebuah bank. Penyelidikan ini melibatkan kajian ke atas 16 orang responden yang terdiri daripada kakitangan Lembaga Tabung Haji itu sendiri dan pelanggan-pelanggan yang dipilih secara rawak di mana data-data yang diperolehi melalui temuduga tertumpu. Keputusan analisa data-data tersebut telah dapat mengenalpasti kriteria yang mempengaruhi pelanggan dalam membuat keputusa memilih Lembaga tabung Haji sebagai institusi kewangan dan perbankan mereka. Kajian ini juga telah mengenalpasti kelemahan-kelemahan yang perlu diberi perhatian, oleh Lembaga Tabung haji untuk muncul sebagai sebuah institusi kewangan dan perbankan Islam yang utama berapa cadangan telah dikemukakan untuk memperbaiki kelemahan-kelemahan tersebut. Cadangan-cadangan tersebut dikelaskan kepada dua iaitu dalam aspek polisi dan pengurusan

The turning process of financial crisis: Malaysia capital control vs. IMF supported programmes

The severity of the Asian financial crisis of 1997-98 had induced Thailand, South Korea, and Indonesia to request aid from the International Monetary Fund(IMF). Malaysia, however, announced capital control measures by imposing broad controls on capital-account transactions, fixing the exchange rate at RM3.80 per US$, cutting interest rates, and embarking on a policy of disinflation.This paper tries to resolve this particular research problem: which of these two corrective measures was more successful in calming down the financial woes? Although there were efforts to compare the effectiveness of the Malaysian capital control against the IMF measures in the immediate term, no attempt has been made to look into the intermediate effects.Therefore, the objective of this paper is to compare the effectiveness of the Malaysian capital control vis-a-vis IMF-supported programs (in South Korea, Thailand, and Indonesia) in terms of intermediate macroeconomic conditions.This research extends the immediate period defined by Kaplan and Rodrik (2001) and measures the financial market pressure index (FMPI) and several macroeconomic variables in order to compare" the effectiveness of the Malaysian capital control versus the IMF program in the other three countries.The results show that compared to the IMF measures, the Malaysian capital control is more effective in controlling the consumer price index, leveling the imports, and curbing excessive employment

Business financing for small and medium enterprise (SMEs): How to strike?

Small and medium enterprises (SMEs) constitute an important part of the business system in Malaysia. Although their role in the Malaysian national economy has been one of distinction and contribution, but SMEs possess a lack of financial to expand their business. Thus, the purpose of this research is to investigate the factors considered by banks in providing the financing to Small and Medium Enterprise (SMEs) in Malaysia. This study is focused on question: “Business financing for Small and Medium Enterprise (SMEs): How to strike?” To answer the research problem, this research employs the convergent interview with the commercial banks including SME Bank around Malaysia. This research have been used a cross case analysis technique to analyzed data. From this analysis, the result suggested that have 15 factors classified as a success factors in getting the business financing for SMEs

Financial management practices: An in-depth study among the CEO of Small and Medium Enterprise (SMEs)

The important contribution of small and medium-scaled enterprises in Malaysia’s GDP, employment, and industrialization has been well documented. Although their role in the economy is substantial, many SMEs are plaque by management problems (Hashim and Wafa, 2002).These management problems include human resource management, marketing management, operations management, financial management, and strategic management. Given that financial management is one of the key aspects of the well being and survival of a business, it is important that this topic is explored in depth. Thus, the main purpose of the present study is to investigate the financial management components and techniques practiced by the SMEs in Malaysia. The study comprises of two analyses, that is, in the first analysis, six financial management components were identified, namely financial planning and control, financial accounting, financial analysis, management accounting, capital budgeting, and working capital management. Subsequently, in the second analysis, various financial management techniques were identified under each component stated earlier.Data for the study is obtained by conducting a face-to-face interview using structured questionnaire with respondents from selected SMEs. The study sample comprised of 30 SMEs operating in the Kota Setar and Kubang Pasu district of Kedah Darul Aman.The findings of the study show that three components of financial management to be categorized as core components practiced by the SMEs, that is, financial planning and control, financial accounting, and working capital management.Three other components which are financial analysis, management accounting, and capital budgeting can be categorized as supplementary components practiced by the SMEs due to the small percentage of the SMEs using these components in the management of their business