Thursday, December 20, 2012

Groom Big PSB Furniture

PSB Furniture Sdn Bhd is a Johor-based "Class A" contractor company, that has been specifically identified by the Malaysian Productivity Corporation (MPC) and Ministry of International Trade (MITI) in the later's "Groom Big" program.  The Groom Big initiative nurtures potential small and medium enterprises for the export and global market.  The Accounting Research Institute (ARI) participated in the 2012 Groom Big program by providing three accounting-based training modules for the enterpreneurs.  Yesterday ARI researchers conducted site visit to PSB's Furniture Factory in Johor Bharu.  PSB's Director/Owner, Mr Awang and his team made a presentation of both financial and management accounting data of the company.  As accounting is the "language" of business, it can be used as a strategic tool to control and monitor manufacturing costs as well as to make strategic decisions on pricing and profitability.  As a Class A contractor company, PSB has invested in "state of the art" manufacturing facilities.  Naturally, the company is on its way to penetrate the international markets.  Mr Awang shared with the researchers, his plans and vision for the company.  Congratulations Mr Awang and PSB...