Preface The Malaysian Financial Reporting Standards (MFRS Framework) has been issued by the Malaysian Accounting Standards Board (MASB). These standards are basically in the line with the International Financial Reporting Standards (IFRSs) which issued by the International Accounting Standards Board (IASB) for the preparation and the presentation of financial statements. It is effective for annual periods beginning on or after 1 January 2012. Begin on or after 1 January 2012, all non-private entities were required to apply the MFRS Framework, with the exception of entities that are within the scope of the MFRS 141 Agriculture and those within the scope of the IC Interpretation 15 Agreements for Construction of Real Estate. The objective of
; What are its impacts on civil society in Vietnam?, and How can the young people and/or CSOs formed by the youth in Vietnam be well prepared for the new development era of the country? 2. Body 2.2. Political aspect On the other hand, globalization also has its drawbacks in term of political aspect. After twenty-two years of Doi Moi, Vietnam’s achievements are unquestionable; the country has accomplished impressive economic development
Introduction In the past couple of years, policymakers, especially in the developing countries or regions, have come to the conclusion that foreign direct investment (FDI) is of great need to the improvement the growth in their economies. It is argued that FDI can create employment, increase technological development in the country to which the investment is being made and improve the economic condition of that country in general (Adewumi, 2006). In most African countries, there is a great evidence that insufficient resource to finance long term investment is a main problem. This lack of investible funds is a great hindrance to economic growth and this problem of insufficient resources is making it very hard to achieve the millennium development
FINCA designed the evaluation methodology, which was connected to a planning tool that set operational and strategic goals. Basing on the assessments, a strengthening programme was created for each affiliate, responding to the most important weaknesses undermining their potential for sustainability and expansion. These institutional evaluations also had influence on access by affiliates to commercial funding, mainly because they were used to assess eligibility for credit-enhancement facilities, like loan guarantees, presented by FINCA’s Village Bank Capital
International monetary fund (IMF) is an international organization that oversees the global financial system by influencing the macroeconomic policies of its members, in particular those with an impact on the exchange rates and balance of payments. The IMF functions with a stated objective of stabilizing international exchange rates and facilitating development by enforcing liberalising economic policies. IMF tracks global economic trends and performances of the members, alerts them whenever there is any problem on the horizon, and provides a forum for policy dialogue and passes on the know-how to governments on how to overcome their economic difficulties. The Fund offers members in economic difficulties policy advice and financing with varying
A budget is an estimation of the revenue and expenses over a specified future period of time. A budget can be made for a person, family, group of people, business, government, country, multinational organization or just about anything else that makes and spends money. It is an economic instrument for facilitating and realizing the vision of the government in a given fiscal year. If a national budget is to serve as an effective instrument for promoting growth and development of a country, there should be proper linkage and management of all the stages of budgeting. A Budget must be very much outlined, successfully and effectively executed, enough observed and its execution all around assessed with a perspective to guaranteeing the accomplishment of sought targets, viably, monetarily and productively.
3. Stakeholder Impact Analysis Government Institutions The Bangladeshi Government has a number of institutions that play specialized roles: • The Department of Labor (DOL) is a body of the Ministry of Labor and Employment who is responsible for implementation and monitoring all labor and industrial laws. • The Ministry of Commerce is responsible for regulating both domestic and international trade. They set export and import policies which must fall within the guidelines. • The Ministry of Industry develop new policies and strategies for promotion, expansion and sustainable development of RMG sector of Bangladesh.
The new economic policy was a method of series of government on the first outline perspective plan from 1971 to 1990. The main objectives of the new economic policy was to eradicate poverty by increasing income levels and increasing employment opportunities. In addition, based on the project paper the NEP focusing on the process of restricting the Malaysian society based on racial issues consist of Malay, Indian and Chinese. In order, to provide more benefits to the Malays, the government implemented quota systems for all races to pursue higher studies in local public universities especially in the field of medicine, engineering and science. Therefore this policies were able to increase the number of Malays in professional fields.
BUDGET PROCESS OF THE PROVINCE OF ILOILO For this task, I researched about the Sangguniang Panlalawigan ng Iloilo. I have downloaded the Annual Budget for calendar year 2016 as submitted by the Province of Iloilo in compliance to the Full Disclosure Policy of the Department. As I have been reading and analyzing the excerpts from the minutes of the 51st Regular Session of the 11th Sangguniang Panlalawigan ng Iloilo, held in the Session Hall of the new Iloilo Provincial Capitol, Iloilo City on 01 December 2015, below are my reactions: The Province of Iloilo is one of the provinces in Region VI – Western Visayas. It covers 1 component city—Passi City and 42 municipalities. In totality, it is composed of 1, 721 barangays in all 5 districts.
According to the provisions of the Act, this two institutions are responsible for setting the accounting standards for Malaysia. The Financial Reporting Act 1997 have this new financial reporting framework, the role of standards formulate is commissioned to a statutory body independent of the accounting profession MASB. Then, FRF is responsible for overseeing the operation and performance of the MASB, also including financial results. Besides, FRF also serves as a detection board for the MASB, so that FRF will be the first to survey MASB’s the technical statement before goes to the public. MASB has been approved and issued accounting standards, formerly known as Malaysian Accounting Standards Board (MASB) be regarded as MAS B.