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Case Study: Westports Holdings Berhad

1199 Words5 Pages

Westports Holdings Berhad incorporated in Malaysia under the Companies Act as a private company limited by shares. “Westports Malaysia Sdn Bhd(WMSB)” was named after primarily involved in the plan of management services to company subsidiary and investment holding. As a private limited company under the name of “Kelang Multi Terminal Sdn Bhd” and its principal activity is port management and development of port operations. Westports core business is the container operation. WMSB is a numerous-cargo port which provides services like marine facilities with, ship calls, infrastructure developments and terminal operations. Furthermore the container operations play role in conventional terminal operation for liquid bulk, break bulk, and dry bulk. Westports also provides value added services for instance one stop business center, container freight station, refrigerated container or reefer, police port, bunkering, on deck depot, and bulk storage. Additionally deconsolidation of cargoes, warehousing, storage, consolidation and deconsolidation. Accounting principles and standards are very …show more content…

So, the financial information should more accurate and reliable. People who are users of these information are stakeholders, investors, management board of directors. This information is the key to making decision, so the information should be made appropriately and accurately. To enhance the investors to be confidence the accounting standard must be well designed. To ensure the stable operation of the business the accountant should be up to date about accounting standard and provide direction day-to-day. As an accountant is crucial duty to following accounting standard in order to provide financial information with reliability, exactness, relevant, neutral and

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