Similarities And Differences Of MFRS119: Employee Benefits For Dutch Lady

2913 Words12 Pages
OUM BUSINESS SCHOOL BBFA 4403 Advanced Financial Accounting NAME: MUHAMMAD IZZUDDIN BIN DZULKIFLI MATRIC NUMBER: 820330035083001 NRIC: 820330035083 CONTACT NO: 012-9889012 E-MAIL ADDRESS: dean_031@yahoo.com TUTOR’S NAME: MOHAMAD YAZID B ISA LEARNING CENTRE: PUSAT PEMBELAJARAN WILAYAH KELANTAN (PPWK) SEMESTER JANUARY 2015 INDEX Introduction …………………………………………………………………………………. 3 - 6 Description on disclosure of MFRS119: Employee Benefits for Apollo …………………... 7 - 10 Description on disclosure of MFRS119: Employee Benefits for Dutch Lady ……………. 10 - 13 Similarities and differences of MFRS119 …………………………………………………… 14 Conclusion …………………………………………………………………………………… 15 References …………………………………………………………………………………… 16 INTRODUCTION…show more content…
Short-term employment benefit is one of category for employment benefit and this category is basic that required company to provide to employees as compensated or contribution for employees in exchange of service provided to company. Apollo and Dutch Lady also provide wages and salaries and annual leave paid to employees as basic in short-term employment benefits. Besides that, contribution to pension fund like EPF also statutory to company that operates in Malaysia in order to take care of employees benefit in post-employment and both company also show this contribution in their annual report. Long term employment benefits and termination benefits depend on company either to provide or not. From above amount of wages and salaries, contribution to pension fund and others benefit, we learnt that Dutch Lady have big market and more employees rather than Apollo and from that Dutch Lady provide more benefits to employees. In conclusion, Malaysia required companies to provide employment benefits to employees and discuss in annual report and accounts of the year. Employees will find those benefits and use as guidelines to choose what company should they choose to work and usually they choose company that have more employment benefits and suitable with the employee which will provide service to

    More about Similarities And Differences Of MFRS119: Employee Benefits For Dutch Lady

      Get Access