...INTRODUCTION Excel Poultry & Meat Sdn Bhd (EPM) was established in 1998 to carry on chicken farming and supplying of whole chickens to various outlets in Malaysia. It is a subsidiary of PCK Holding since 2005. The set up was a small and medium sized enterprise (SME) located in Kluang, Johor. EPM was a member of Federation of Livestock Farmers’ Association of Malaysia (FLFAM). Since there is no dietary prohibitions and religious restriction against chicken consumption, it was the most popular and cheapest source of meat protein among Malaysians. In addition, the surge of quick-service-restaurants (QSR) had facilitated significant growth in chicken consumption. Also, the traditional Malaysian delicacies were equally popular with patrons. Hence, EPM business was doing well. EPM starts the business with an initial capital of RM3.6 million and with 20 employees. Now, EPM had more than 200 employees and started positioning itself as the top 5 chicken suppliers within mid-tier producers in the country. The company was able to maintain its operations and started to make profits in the poultry and meat industry since the demand for chicken remained buoyant. Encik Selamat expand his business to the superstores that mushrooming throughout the country like Giant, Tesco, Macro, Carrefour and the like. Together with his management team, he established good promotional strategies and closely managed all functional units. Demand from superstores continued and was spread to institutional retailing...
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...Film Reaction (Chicken Run) On a chicken farm in England, Ginger and the other chickens have spent their lives repressed and awaiting a certain death at the hands of the Tweedys . They spend their lives laying eggs until they physically cannot and then are killed . Ginger , however , wants more . She is the leader of the chickens and creates elaborate plans to try and escape . Sadly , the plans do not work out and often end with her in solitary confinement . She refuses to accept that there isn’t more to life than just laying eggs . When Rocky the Rooster “flies” onto their farm , he seems like the answer to Ginger’s prayers . Desperately trying to hide from his circus owners , he agrees to teach the chickens how to fly in exchange for being hid . Unfortunately , Rocky does not know how to fly , which creates some problems for the chickens . To add to the trouble , the Tweedys decide to convert their egg business into a chicken pot pie business and the chickens are now racing against time to escape before the factory is up and running and they become chicken pies . After many other failed attempts at unsuccessful plans , Ginger decides that they should fly off the farm but in an airplane instead of using their wings . The chickens then build an airplane and narrowly escape the Tweedys and the threat of being turned into pies . After escaping, the chickens move to an open field where they can enjoy their freedom and not worry about laying eggs for anyone ever again...
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...interest issue) b. Balance of account do not tie to the confirmation. Customer complaint that the statement of accounts sent to him were incorrect, Encik Munir didn’t disclosed the receipt of payment from customer. SWOT Analysis Strengths: 1. High capital to be fully utilized. 2. More than 200 employees, has enough people to works in the organization. 3. Top 5 chicken supplier. | Weaknesses: 1. Decreased in demand caused a loss of the company. 2. Poor internal control | Opportunities: 1. FLFAM call for higher chicken prices to protect producers’ earnings in the face of the feed cost hike. 2. Chicken is most popular and cheapest source of meat protein. 3. Malaysia had a track record as an exporter of poultry. | Threats: 1. Increase in feed costs. | Ratio: Creditor or Payable Turnover Ratio = Net Credit Annual Purchase / Average Trade Creditors = RM 74.09million / 45.0 = 1.65 Lower creditor turnover ratio is not good because it will increase the average payment period. Strategies: 1. Hire internal auditor to ensure internal control system run efficiently by management. The internal auditor give advice to management that the company internal control system should consists of: a. Proper authorization. For example, the Supply department...
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...Name : Purani Nagarajan Matric no : BAC 00337 Case study : Chicken Run Overview Encik Selamat is the GM of EPM. Ms Choy is the credit controller of EPM. Puan Azura is the accounts executive. Encik Azman is the Director of Gold Sdn. Bhd. and also best friend of Encik Selamat. Encik Kassim is the Finance and Marketing manager of EPM. Encik Munir is the former staff of the Finance department. Mr Siva is a small-level retail customer. EPM is the subsidiary of PCK. Encik Selamat, the General Manager of Excel Poultry & Meat Sdn Bhd (EPM) had received a report which indicated that the operating cash flow of EPM was systematically running low. The company had to resort to significant increase in the short-term borrowing in order to meet its operating obligations thus increase the interest payments. The credit limit of its major customer, Cold Gold Sdn Bhd also had gone into its level and yet the marketing department continued to supply products to the company. Another problem faced by this company is Mr Siva, its retail customer complaining that the figures on the statement of accounts sent to him were incorrect. He had no outstanding balance in his account as cash payments had been made to Encik Munir, a former staff at finance department. All of these problems interrelated to each other and became the main issue in this company which is low liquidity of cash flow. Issues The main issue in this case is the low liquidity of cash flow in Excel Poultry & Meat (EPM)...
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...Behavioral Research Positive Era Normative Era Important to understanding, appreciation of present and future practices. Introduction General Scientific Period Accounting Pedagogy Development of Accounting Theory Need to study to contribute to Accounting Policy History Development Of Accounting Accounting Practices * Explain current practice to better understood accountant and non-accountant * Evaluate practice, provide frame and reference to judge current practice. * Facilitate the development of future practice Purpose Early History First double entry books known to exist are Massari of Genoa, 1340 Definition of Accounting Theory Age of record keeping Aimed at maintaining intergrity and discovering missappropriation Using Arabic numbers. More easy and slowly it prevailed. A set of broad principles that provide a general frame of reference by which accounting practice can be evaluated and guides the development of new practices and procedures. Has history about Roman numerals which made calculation and understanding more difficult which is no zero value and it can’t be adapted. The Birth of Double Entry Accounting Reasons to explain the role of double entry Factors that make bookkeeping presence in ancient. Luca Pacioli’s Contribution Double entry contributed to a new attitude towards economic life In 1494, they published Summa de Arithmetica, Geomeria, Proportioni et Proportionalita. The book include...
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...and Action Plan Executive summary: 1998, Excel Poultry & Meat Sdn Bhd (EPM) was a SME located in Kluang, Johor, operating business of chicken farming and supplying chicken throughout Malaysia. This subsidiary of PCK holding since 2005 was managed by Encik Selamat, a Certified Public Accountant (CPA). It became one of top 5 chicken suppliers within mid-tier producers in the country due to increasing demand in year 2000 from superstores and fast-food chains, high chicken consumption by Malaysian, and expansion of chicken industry. However, in 2008, cost of poultry production increased. EPM operating cash was low and severe, that it “had puzzled Encik Selamat” (p.4). Other problems were also identified. Decision Maker: Credit Controller Ms Choy is the decision maker as she has the responsibility to make the right decision regarding unethical conduct of Encik Selamat, she can convince Board of Directors about En. Selamat. If she failed to convince BOD to take action, she can then reveal the issue to the auditor, besides mentioning to the auditor the lack of segregation of duty in the business operation. She can execute and monitor implementation and performance of employees under her responsibility and convince her friend, Puan Azura to do the same. What should Ms. Choy do? Analysis: 1) SWOT analysis S – STRENGTHS * One of top 5 chicken suppliers * Continuing profitability and growth * Good promotional strategy * Qualified accountant (Encik Kasim) * Reliable Credit Controller...
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...As members of our modern, globalized society, we are continuously exposed to a variety of magazine articles, television and radio shows and other forms of online media that bombard—and often confuse—us with contradictory information. One research report negates what another confirmed to be proven true, leaving us in quite a quandary as we seek to form and follow healthy habits. I, too, was once lost in the quagmire of modern media when it came to health. Having encountered, studied, practiced and then taught Ayurveda, however, I now feel certain about how we can not only obtain, but sustain, amazing health. Ayurveda is a Time-Tested Science Whereas our modern medical system is relatively new, and therefore, continuously in a state of change and flux, Ayurveda, India’s ancient medical system, has been around for 5,000 years, proving as effective today as it was thousands of years ago. The reason many of us may not have heard of it is because Ayurveda was banned for many years by the British colonists. Because it delivers incredible results where other systems of medicine often fail, Ayurveda is seeing a great resurgence in our era. In my own life, I truly believe that only Ayurveda, with its four-dimensional approach to healing (addressing body, mind, soul and senses), could help me overcome anorexia nervosa: a problem that involves all four dimensions. Ayurveda Gives Equal Emphasis To Health Promotion While being a complete medical system (one of the original...
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...Chicken Run Case Study: En Selamat Key assumptions 1. En Munir had conducted cash skimming in the company which leaded to his resignation. 2. En Selamat has personal benefit from the deal with Cold Gold Sdn Bhd. Therefore although CG did not pay within the credit term, En Selamat did not stop the marketing department to continue supply products to the company. 3. There is possibility that the irregularities in the account balances is due to illegal transferring of a particular debtor’s balances to another debtor. 1. Financial • Cash flow not liquid. • Financial ratio analysis. • Apply for short term borrowings from bank and financial assistance → Skim Pembiayaan Perniagaan MARA, TEKUN. • To increase sales (new market, fully utilized=sell chicken poop and bulu ayam) → not only sell the meats. 1. Meats 2. Eggs 3. Fertilizer (poop) 4. Livestock (sell the chicks/breeds to other farmer) 5. Feathers • Improve marketing → use En Selamat’s skill in marketing. • Send reminder to debtor. • Give good credit term. • Cut cost → feed and labour expenses (hire relative). 2. Leadership • Autocratic → laissez faire. • Recommendation: democratic. 3. Conflict of Interest • En Selamat and En Azman (“personally benefit from the deal”). • En Selamat and BOD. Recommendations: • Establish a clear set of policies and procedures within the company. • Develop a whistle blowing policy. • Ensure the independency of the management team. ...
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...In year 1998, Excel Poultry & Meat Sdn Bhd (EPM) was established and the setup was a SME located in Kluang, Johor, operating business of chicken farming and supplying chicken throughout Malaysia. This subsidiary of PCK holding since 2005 was managed by Encik Selamat, a Certified Public Accountant (CPA). It became one of top 5 chicken suppliers within mid-tier producers in the country due to increasing demand in year 2000 from superstores and fast-food chains, high chicken consumption by Malaysian, and expansion of chicken industry. However, in 2008, cost of poultry production increased. EPM operating cash was low and severe, that it “had puzzled Encik Selamat”. Other problems were also identified in the management of EPM. The other issue that also important in this case study whereas the Credit Controller Ms Choy discovered from the aging analysis of customers that the credit limit of one of EPM major customers, Cold Gold Sdn Bhd had gone into its level and yet the marketing department still continued to supply products to the company. Ms Choy had discussed about Cold Gold Sdn Bhd with Puan Azura and also Puan Azura considered that it was timely to send reminders to customers with outstanding balances in respect of their accounts. Ms Choy has the responsibility to make the right decision regarding unethical conduct of Encik Selamat, she approached one of the company directors about Encik Selamat. The director was reluctant to take action against Encik Selamat since he was very...
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...How to Raise Meat Chickens ©2009 Scott Kelland Page 1 of 56 More New Terra Farm Books How to Raise Meat Chickens ©2009 Scott Kelland Table of Contents Introduction: Chickens on your small farm.....................................................................................4 Chickens fit this model................................................................................................................5 Chicken Raising Do' s and Don'ts....................................................................................................8 Getting Started...............................................................................................................................10 Planning – How many birds should you start with?..................................................................11 Chicken Raising Production Schedule...........................................................................................13 Planning subsequent batches.....................................................................................................14 Marketing – How will you sell your meat birds?...........................................................................15 Management – Where to raise your birds......................................................................................18 Production – Sources and supplies.................................................................................................20 Find a source for your...
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...Dow Instructor: Taylor Name: Allison Dow English 101 The Art and Joy in Raising Backyard Chickens Many people don’t know how easy and inexpensive it is to raise backyard chickens? This essay will go over choosing the correct chicken for the buyers climate, how to care and feed the chickens from chick to egg layer, the coop size the buyer will need for the amount of birds and the protection required from predators, and finally what to expect from the chickens once they are egg layers. Most people think all chickens are the same, well that would be incorrect. Most backyard chickens are dual purpose breeds but very rarely are they used for meat birds. A few chickens for different environments are, for those that live in area that get really cold in the winter the Black Jersey Giant is not a wise choice, they prefer a warmer climate to live in. Say the buyer lives in a very cold climate well the perfect bird to choose would be any type of Wyandotte chicken. These birds are very cold hardy and will continue to lay eggs during extremely cold months. There are also birds that can live in eitherType to enter text Type to enter text very hot climates or very cold climates. One type of bird that can live in these environments are any breed type of the Orpington. Once the buyer chooses the correct bird for there area the buyer will need to know how to care for them from chick to egg laying hen. A good temperature for chicks as what Jenna Woginrich wrote...
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...show on Wednesday, September 19 started with Eric Andre running out on stage throwing beer, sandwiches, what seemed to be chicken carcasses, and many other objects out into the crowd as he jumped off stage and began to run through the dense mass of people pushing, shoving, and simply making a riot amongst the observers. He disappeared and shortly after appeared back on stage fully naked running around the set. Things slowly settled down and it was time for his first guest, Russell Brandt. The crowd grew eager and when he finally came on stage, it was clear that it was in fact not he. Either that, or Russell Brandt changed his image to that of a malnourished Philadelphian homeless person. Once on stage “Brandt” sang a song, in what seemed to be English accompanied by a plastic guitar and a 2 liter bottle filled with some unknown foamy liquid that eventually also ended up in the crowd. His next two guests consisted of a local juggler and Freeway, who is a native rapper of North Philadelphia. It was clear that neither of the two were aware of what they were actually participating in. Right as the juggler was about to begin his performance, the lights dimmed and Doc Chicken emerged. This was nothing more than a rubber chicken with a stethoscope that was dropped from the ceiling, but it caused the crowd erupt in a frenzy shouting “Doc Chicken, Doc Chicken,” all while fist pumping and dancing. During this insanity, the juggler on stage clearly had no idea what was ensuing so...
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...America’s Obsession with Fast Food When people all over the world are looking for a quick, easy meal to grab on the go, fast food is the most popular solution. On any given day, about twenty-five percent of Americans visit fast food restaurants for burgers, fries, and sodas, the staples of the all-American fast food fix. The big question is, why? What lures so many people to purchase and consume food that is known to be grossly unhealthy, or better yet allow their families to consume? The answer is simple: it’s easy, it’s filling, it’s convenient and it’s inexpensive. In today’s world, most households are two- income households, meaning both parents work. Paired with after school activities and the shear time it takes to ensure that homework and bathes are done, driving through a fast food restaurant sounds pretty enticing. The bargain hunting mentality is one of the primary drivers in America’s fast food obsession. In today’s economic woes, Americans are always looking for deals. At this point, value becomes more important than nutrition. According to the U.S. Department of Agriculture, consumption of French fries, mainly purchased from fast food restaurants, increased by 63 percent between the 1970s and 1990s, and Americans consumed an average of 152 pounds of added sugars in 2000. Junk food is often high in unhealthy fats, sugar, sodium and/or calories, so gaining an understanding of what draws Americans to it is interesting and most can relate. ...
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...Organizational Structure Melissa Moran XMGT/230 July 5, 2015 Carol Dimopoulos The organizational structure that I choose is when I worked at Popeye’s Louisiana fried chicken. They had very strict set guidelines to follow and the outline of the structure was very obvious. Had the executive, managers, shift leads, employees and rookies. If any issues came up you had to talk to the manager or if the manager had issues with you they came and told you. Was very tense environment and didn’t seem like an employee or rookie could speak their minds. Now this structure compared to say a school environment and a dairy farm environment would be good to compare and contrast. Within a school environment everyone is treated the same with respect and everyone listens to each other and if someone has an idea to make the system run better they are open to it. Just because there is a high power (principle) doesn’t mean his way is the only way. He just is the deciding factor on whether it is going to be the right thing for the school or something that will harm the school too much. With working for the Dairy they are little in and out it seems on their organizations structure. With a dairy farm it is broken down from bosses to managers to shift leads and employees but there is little to no room for advancement within the company once an employee always an employee no matter the length of time that have worked for the company. That probably is the thing that stands out the most from Popeye’s, working...
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...ANALYSIS: CHASSEUR CHICKENS PTY LTD WEBINAR 2014 CASE STUDY 1 AUTHORS: SAMANTHA WINTER AND DELYTH SAMUEL Published by Deakin University on behalf of CPA Australia Ltd, ABN 64 008 392 452 © CPA Australia Ltd 2014 (Edition 14a) The contents and any information contained in this document (Information) are for general information only. They are not intended as professional advice. For any professional advice, please consult a suitable qualified professional. CPA Australia Ltd, Deakin University and the author(s) of the Information (Entities) make no representation about the content and suitability of this Information for any purpose. The Entities disclaim all warranties with regard to the contents and in no event will be liable for any loss and/or damage whatsoever resulting from loss of income or profits, whether in an action of contract, negligence or other tortious action, arising in connection with the use and performance of and/or reliance of the Information. CPA PROGRAM – PROFESSIONAL LEVEL GLOBAL STRATEGY AND LEADERSHIP CASE ANALYSIS: CHASSEUR CHICKENS PTY LTD WEBINAR 2014 CASE STUDY 1 AUTHORS: SAMANTHA WINTER AND DELYTH SAMUEL Contents Introduction 1 Case facts Industry information The global chicken meat processing industry The Australian poultry meat processing industry The production process Industry key success factors Competition in the Australian chicken meat farming and processing industry Chasseur Chickens Pty Ltd Chasseur Chickens Pty Ltd – Background...
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