Genting Berhad

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Recommended: Objectives of financial statements and the concepts underlying their preparation

Kuala Lumpur Stock Exchange (KLSE) or more familiar to be known as Bursa Malaysia is an exchange holding company approved under Section 15 of the Capital Markets and Services Act 2007. It operates a fully integrated exchange, offering the complete range of exchange-related services including trading, clearing, settlement and depository services. In 1930, the Singapore Stockbrokers’ Association was established to operate the first formal securities business in Malaya. It was subsequently re-registered as the Malayan Stockbrokers’ Association in 1937. In 1960, the Malayan Stock Exchange was established and the public trading of shares commenced. Bursa Malaysia is a significant entity in Malaysia Capital Market. Bursa Malaysia is a very influential financial institution in Malaysia which acted as a main reference in the country’s capital and share market. (Alilarocha, 2011).

As it is, Genting Berhad is a company which entered Bursa Malaysia whereby the shares of Genting Berhad were listed on the Main Market of Bursa Malaysia Securities Berhad in 1971. A restructuring exercise was undertaken in 1989, which involved the initial public offering and listing of Genting Malaysia Berhad on Bursa Securities and resulted in Genting Berhad's becoming an investment and management company. (Genting Berhad). Genting Group is a leading multinational corporation committed to enhancing shareholder value and maintaining long-term sustainable growth in their core businesses.

Genting Berhad Malaysia’s leading corporation is the holding company of the Genting Group, one of Asia’s best-managed conglomerates. The Group comprises four listed entities namely Genting Berhad and its subsidiaries, Genting Malaysia Berhad (“Genting Malaysia”), Genting Pla...

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... The objectives focus financial reporting on a particular kind of economic decision committing (or continuing to commit) cash or other resources to a business enterprise with expectation of future compensation or return, usually in cash but sometimes in other goods or services. Suppliers, lenders, employees, owners, and, to a lesser extent, customers commonly make decisions of that kind, and managers continually make them about an enterprise’s resources.

REFERENCES

Alilarocha. (2011, March). Bursa Malaysia. Retrieved October 18, 2013, from Study Mode: http://www.studymode.com/essays/Bursa-Malaysia-606882.html

De Franco, G., Kothari, S. and Verdi, R. S. (2011). The Benefits of Financial Statement Comparability. Journal of Accounting Research , 55.

Genting Berhad. (n.d.). Retrieved October 18, 2013, from http://www.genting.com/groupprofile/gent.htm

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