Accounting for Branches

Front

Identify relationships between the head office & its branches.

Back

Understanding the connections and interactions between the main office and its subsidiary locations.

Front

Prepare the accounting treatment of specific transactions using 2 methods for branches.

Back

Learn how to handle financial transactions for branches using two distinct accounting methods.

Front

Liability of the foreign parent company

Back

The foreign parent company is liable and responsible for all the debts incurred by the branch in Malaysia.

Front

Selling Agency control

Back

HQ has direct control over the branch

Front

Autonomous Branch control

Back

HQ has no direct control over the branch

Front

Staff management in Autonomous Branch

Back

Involves large branch places under charge of manager

Front

Entity status of Autonomous Branch

Back

Treated as a separate entity

Front

Books record in Autonomous Branch

Back

Two sets of books: one in HQ and one in branch office

Front

Dependent Agency vs Autonomous Branch

Back

Dependent Agency is controlled by HQ; Autonomous Branch operates independently

Front

Branch Inventories Account (BIA)

Back

An account used to track the inventory held at a branch.