The document summarizes the presentation of 4 individuals on the financial statements of Systems Limited. It includes an introduction to the IT industry in Pakistan and Systems Limited. It then discusses important terms, the income statement, statement of financial position, statement of cash flows, and notes to the financial statements. The presentation covers the company overview, subsidiaries, solutions, and services provided.
The OLB Group is a FinTech company offering a suite of product
solutions in the merchant services and payment facilitator verticals,
including a cloud-based omni-channel commerce platform for SMBs,
electronic payment processing, and crowd funding services for
issuers and broker/dealers.
The OLB Group is a FinTech company offering a suite of product
solutions in the merchant services and payment facilitator verticals,
including a cloud-based omni-channel commerce platform for SMBs,
electronic payment processing, and crowd funding services for
issuers and broker/dealers.
ASC - Classification of micro small and medium enterprises (MSME) registratio...ASC Group
The micro small and medium enterprises (MSMEs) have been accepted as the engine of economic growth and for promoting equitable development. The MSMEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for major share of industrial production and exports. We have prepared a small presentation on MSME classification, benefits, compliances and special economic package provided to MSME by Government of India in Covid-19.
The OLB Group is a FinTech company offering a suite of product
solutions in the merchant services and payment facilitator verticals,
including a cloud-based omni-channel commerce platform for SMBs,
electronic payment processing, and crowd funding services for
issuers and broker/dealers.
The OLB Group is a FinTech company offering a suite of product
solutions in the merchant services and payment facilitator verticals,
including a cloud-based omni-channel commerce platform for SMBs,
electronic payment processing, and crowd funding services for
issuers and broker/dealers.
ASC - Classification of micro small and medium enterprises (MSME) registratio...ASC Group
The micro small and medium enterprises (MSMEs) have been accepted as the engine of economic growth and for promoting equitable development. The MSMEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for major share of industrial production and exports. We have prepared a small presentation on MSME classification, benefits, compliances and special economic package provided to MSME by Government of India in Covid-19.
AMCA is a leading Auditing firm in UAE with a decade long experience. We are listed with mainland (LLC) authorities and all major free zones including DMCC, JAFZA, DAFZA, DWC, DIFC, DSO, Abu Dhabi, Sharjah, RAK, Fujairah, Ajman & Umm al-Quwain.
AMCA is a leading Auditing firm in UAE with a decade long experience. We are listed with mainland (LLC) authorities and all major free zones including DMCC, JAFZA, DAFZA, DWC, DIFC, DSO, Abu Dhabi, Sharjah, RAK, Fujairah, Ajman & Umm al-Quwain.
The OLB Group is a FinTech company offering a suite of product
solutions in the merchant services and payment facilitator verticals,
including a cloud-based omni-channel commerce platform for SMBs,
electronic payment processing, and crowd funding services for
issuers and broker/dealers.
SME Network - is a unique Banking, Finance & Cost management forum of SME’s to cater to the business needs of the Small & Medium Enterprises and Corporate Segment. Professionally empanelled and networked by Ex - Bankers, Cost Accountants, Chartered Accountants and Engineers we blend analytical skills with practical application.
www.smenetwork.in is a web enabled interactive forum of SME’s to exchange & broadcast benefits / schemes, policies, best practices applicable and available for SME segment. Mentored by us, it connects entrepreneurs with the expert panel on various subjects for advice & clarification. For more details logon to www.smenetwork.in
Our services are tailored to the clients' needs so as to enable them to make the right decisions, in turn leading towards growth of their companies. We focus on strategic planning for long term growth by harnessing the inherent strengths of the client. By employing our services, our clients are assured of finding the right solution for their business needs and enabling them to benefit long after we have finished our work. We review existing business units to determine whether opportunities exist to improve the performance.
India being the preferred destination for world’s outsourcing services has created a favourable market for transforming business processes on account of cost reduction pressures, increased demand for implementing a new finance, accounting, payroll & business compliances operating model and in turn enable the management focus on their core business activities. Outsourcing helps all business lines by leveraging deep functional expertise with operational excellence aligned with global delivery service to clients.
In order to cater to this growing demand for business outsourcing for corporations to work smarter, faster and cheaper as an innovative step in strategic outsourcing, we’re delighted to launch our Business Outsourcing services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
“We are quoted in recent Economic Times news as among fastest growing risk consulting firms in India.”
India being the preferred destination for world’s outsourcing services has created a favourable market for transforming business processes on account of cost reduction pressures, increased demand for implementing a new finance, accounting, payroll & business compliances operating model and in turn enable the management focus on their core business activities. Outsourcing helps all business lines by leveraging deep functional expertise with operational excellence aligned with global delivery service to clients.
In order to cater to this growing demand for business outsourcing for corporations to work smarter, faster and cheaper as an innovative step in strategic outsourcing, we’re delighted to launch our Business Outsourcing services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
Accounting is a systematic process of recording, analyzing and summarizing transactions of an entity.
The transactions are recorded in the books of original entry
The transactions are then analyzed and posted in the Ledgers
Finally, the transactions are summarized in the Financial Statements
The Objective of Financial Statements is to provide information about the reporting entity’s financial position and financial performance that is useful to a wide range of users in making economic decisions.
An accounting as an information system (AIS) is a system of collecting, storing and processing financial and accounting data that are used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources.
AIS is a structure that a business uses to collect, store, manage, process, retrieve and report its financial data so that it can be used by accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators and tax agencies.
The guidelines of Islamic Banking issued by Bangladesh Bank through BRPD Circular # 15 dated 09.11. 2009
The Company Act 1994
The Bank Company Act 1991 (Amendment up to 2018)
The Securities and Exchange Rules ,1987
Bangladesh Financial Reporting Standards (BFRS)
International Accounting Standard (IAS) as adopted by the ICAB
The Financial Reporting Act 2015
Listing Regulation of Dhaka Stock Exchange & Chittagong Stock Exchange, and
Other applicable laws and regulations.
AMCA is a leading Auditing firm in UAE with a decade long experience. We are listed with mainland (LLC) authorities and all major free zones including DMCC, JAFZA, DAFZA, DWC, DIFC, DSO, Abu Dhabi, Sharjah, RAK, Fujairah, Ajman & Umm al-Quwain.
AMCA is a leading Auditing firm in UAE with a decade long experience. We are listed with mainland (LLC) authorities and all major free zones including DMCC, JAFZA, DAFZA, DWC, DIFC, DSO, Abu Dhabi, Sharjah, RAK, Fujairah, Ajman & Umm al-Quwain.
The OLB Group is a FinTech company offering a suite of product
solutions in the merchant services and payment facilitator verticals,
including a cloud-based omni-channel commerce platform for SMBs,
electronic payment processing, and crowd funding services for
issuers and broker/dealers.
SME Network - is a unique Banking, Finance & Cost management forum of SME’s to cater to the business needs of the Small & Medium Enterprises and Corporate Segment. Professionally empanelled and networked by Ex - Bankers, Cost Accountants, Chartered Accountants and Engineers we blend analytical skills with practical application.
www.smenetwork.in is a web enabled interactive forum of SME’s to exchange & broadcast benefits / schemes, policies, best practices applicable and available for SME segment. Mentored by us, it connects entrepreneurs with the expert panel on various subjects for advice & clarification. For more details logon to www.smenetwork.in
Our services are tailored to the clients' needs so as to enable them to make the right decisions, in turn leading towards growth of their companies. We focus on strategic planning for long term growth by harnessing the inherent strengths of the client. By employing our services, our clients are assured of finding the right solution for their business needs and enabling them to benefit long after we have finished our work. We review existing business units to determine whether opportunities exist to improve the performance.
India being the preferred destination for world’s outsourcing services has created a favourable market for transforming business processes on account of cost reduction pressures, increased demand for implementing a new finance, accounting, payroll & business compliances operating model and in turn enable the management focus on their core business activities. Outsourcing helps all business lines by leveraging deep functional expertise with operational excellence aligned with global delivery service to clients.
In order to cater to this growing demand for business outsourcing for corporations to work smarter, faster and cheaper as an innovative step in strategic outsourcing, we’re delighted to launch our Business Outsourcing services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
“We are quoted in recent Economic Times news as among fastest growing risk consulting firms in India.”
India being the preferred destination for world’s outsourcing services has created a favourable market for transforming business processes on account of cost reduction pressures, increased demand for implementing a new finance, accounting, payroll & business compliances operating model and in turn enable the management focus on their core business activities. Outsourcing helps all business lines by leveraging deep functional expertise with operational excellence aligned with global delivery service to clients.
In order to cater to this growing demand for business outsourcing for corporations to work smarter, faster and cheaper as an innovative step in strategic outsourcing, we’re delighted to launch our Business Outsourcing services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
Accounting is a systematic process of recording, analyzing and summarizing transactions of an entity.
The transactions are recorded in the books of original entry
The transactions are then analyzed and posted in the Ledgers
Finally, the transactions are summarized in the Financial Statements
The Objective of Financial Statements is to provide information about the reporting entity’s financial position and financial performance that is useful to a wide range of users in making economic decisions.
An accounting as an information system (AIS) is a system of collecting, storing and processing financial and accounting data that are used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources.
AIS is a structure that a business uses to collect, store, manage, process, retrieve and report its financial data so that it can be used by accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators and tax agencies.
The guidelines of Islamic Banking issued by Bangladesh Bank through BRPD Circular # 15 dated 09.11. 2009
The Company Act 1994
The Bank Company Act 1991 (Amendment up to 2018)
The Securities and Exchange Rules ,1987
Bangladesh Financial Reporting Standards (BFRS)
International Accounting Standard (IAS) as adopted by the ICAB
The Financial Reporting Act 2015
Listing Regulation of Dhaka Stock Exchange & Chittagong Stock Exchange, and
Other applicable laws and regulations.
Expert Accessory Dwelling Unit (ADU) Drafting ServicesResDraft
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Transforming Brand Perception and Boosting Profitabilityaaryangarg12
In today's digital era, the dynamics of brand perception, consumer behavior, and profitability have been profoundly reshaped by the synergy of branding, social media, and website design. This research paper investigates the transformative power of these elements in influencing how individuals perceive brands and products and how this transformation can be harnessed to drive sales and profitability for businesses.
Through an exploration of brand psychology and consumer behavior, this study sheds light on the intricate ways in which effective branding strategies, strategic social media engagement, and user-centric website design contribute to altering consumers' perceptions. We delve into the principles that underlie successful brand transformations, examining how visual identity, messaging, and storytelling can captivate and resonate with target audiences.
Methodologically, this research employs a comprehensive approach, combining qualitative and quantitative analyses. Real-world case studies illustrate the impact of branding, social media campaigns, and website redesigns on consumer perception, sales figures, and profitability. We assess the various metrics, including brand awareness, customer engagement, conversion rates, and revenue growth, to measure the effectiveness of these strategies.
The results underscore the pivotal role of cohesive branding, social media influence, and website usability in shaping positive brand perceptions, influencing consumer decisions, and ultimately bolstering sales and profitability. This paper provides actionable insights and strategic recommendations for businesses seeking to leverage branding, social media, and website design as potent tools to enhance their market position and financial success.
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You could be a professional graphic designer and still make mistakes. There is always the possibility of human error. On the other hand if you’re not a designer, the chances of making some common graphic design mistakes are even higher. Because you don’t know what you don’t know. That’s where this blog comes in. To make your job easier and help you create better designs, we have put together a list of common graphic design mistakes that you need to avoid.
Book Formatting: Quality Control Checks for DesignersConfidence Ago
This presentation was made to help designers who work in publishing houses or format books for printing ensure quality.
Quality control is vital to every industry. This is why every department in a company need create a method they use in ensuring quality. This, perhaps, will not only improve the quality of products and bring errors to the barest minimum, but take it to a near perfect finish.
It is beyond a moot point that a good book will somewhat be judged by its cover, but the content of the book remains king. No matter how beautiful the cover, if the quality of writing or presentation is off, that will be a reason for readers not to come back to the book or recommend it.
So, this presentation points designers to some important things that may be missed by an editor that they could eventually discover and call the attention of the editor.
Hello everyone! I am thrilled to present my latest portfolio on LinkedIn, marking the culmination of my architectural journey thus far. Over the span of five years, I've been fortunate to acquire a wealth of knowledge under the guidance of esteemed professors and industry mentors. From rigorous academic pursuits to practical engagements, each experience has contributed to my growth and refinement as an architecture student. This portfolio not only showcases my projects but also underscores my attention to detail and to innovative architecture as a profession.
3. WE ARE GOING TO DISCUSS THE
FOLLOWING:
1. INTRODUCTION OF IT INDUSTRY IN PAKISTAN.
2. SYSTEMS LIMITED INTRODUCTION.
3. IMPORTANT TERMS TO KNOW
4. FINANCIAL STATEMENT
5. INCOME STATEMENT
4. IT INDUSTRY INTRODUCTION IN PAKISTAN
Information industry in Pakistan has been growing phenomenally for
the past 10-12 years
Its tremendous growth can be identified from its contribution to the
economy. IT industry has the potential to expand more in future.
IT is being used everywhere whether its online shopping, ware housing
data management, banking sector
IT sector has produced around 18000 jobs in Pakistan
IT sector share in total export accounts for 3.5 percent which is more
than double from 2006 which was 1.3 percent.
6. SYSTEMS LIMITED INTRODUCTION
Systems limited is the oldest first software house in Pakistan. Established in 1977.
Since its establishment, the company successfully completed the 600 projects.
Company took over Visionet company in USA in 1997. then visionet becomes a part of systems
Limited with the name of Visionet systems.
Systems limited has its head office in Pakistan duly its operates from different countries as well e.g.
UAE, Africa, Qatar, USA, and Germany.
Recently company is organizes its introduction session Saudi Arabia on 10th Dec 2019 to target
Saudi’s market as well.
Systems Limited is a public limited company. It has seven Board of directors.
Its board of directors as selected by share holders.
Systems limited is incorporated in Pakistan under the companies Act.2017 and is listed in the Pakistan
Stock Exchange.
7. SUBSIDIARY COMPANIES
Techvista Systems FZ-LLC a Limited liability company incorporated in Dubai. Technology and
media free zone. Authority of 100% owned subsidiary of Systems Limited. This company is
engaged in the development of software and providing ancillary services.
Techvista Systems LLC is a Limited liability Company registered in Emirates of Dubai under
Federal Law No.2 of 2015. this is 100% controlled by the Techvista FZ-LLC. This company is
licensed as software house.
SUS-JV Private Limited, a private limited company registered under the companies Act. 2017 is
a 95% owned subsidiary of system Limited.
E- Processing of Systems (Private) Limited.
Systems Venture (Private) Limited, a private limited company registered under the companies.
Techvista Systems Pvt LTD. Is fully owned and subsidiary of Techvista Systems FZ LLC andIs
incorporated in 2014 in Australia with the paid up share Capital of AUD 1.
8. SYSTEMS LIMITED PROVIDE SOLUTIONS
OF:
Microsoft Dynamics 365 ERP and CRM.
Cloud enablement and enterprises Architects.
AI and Process Automation.
Digital Commerce and UX Design.
9. SYSTEMS LIMITED PROVIDE SERVICES OF:
Application Development.
E-Commerce and Mobility
Data Warehousing and Business Intelligence.
Platform upgraded and reengineering.
Business Process Management.
Remote DBA.
QA Testing.
A smart e payment solution “One Load”.
11. Non-Current Assets represents long term investments that cannot be converted into cash
quickly like land, property, investments in other company, machinery and equipment.
Current Assets represents cash and other assets that can easily be converted to cash within
a year like accounts receivable, prepaid expenses & any other liquid assets.
Fixed Assets these assets are purchased for long term use and lies under the heading of
Non-Current Assets.
Intangibles these assets lack physical touch, in contrast to physical assets like software
license, copyrights & trademarks.
Deferred Taxation refers to either a positive (asset) or negative (liability) entry on a company's
balance sheet regarding tax owed or overpaid due to temporary differences.
Trade Debts refers to those customers who owe you money against billed invoices, also
known as accounts receivable.
Interest Accrued it shows the amount of interest earned on a debt but not yet collected the
earned value.
22. NOTES---FINANCIAL POSITION
Note 4 states that property and Equipment. operating fixed assets capital work in progress.
Description is land free hold, building, computers and mobile sets, other equipment and
installations, generators, furniture and fitting, vehicles, office equipment’s, and Leasehold
improvements.
Note 5 states that intangibles are computer software and license and software under
development.
Right of Use assets, set out below are the carrying amount of right of use assets recognized
and the movements during the year. Cost of revenue, distribution expenses, administration
expenses.
Note 7 states Unbilled revenue and retention money. e.g. export and local.
Note 8 states trade debits like considered good– unsecured.
Note 9 states like advances to staff: against salary and against expenses.
Note 10 states that trade deposits and short term prepayments. E.g. security deposits and
prepayments.
Note 11 states that other receivables. e.g. receivables for related parties.
23. NOTES – FINANCIAL POSITION
Note 12 states that short term investment. e.g. fair value through profit and loss—mutual fund unit. Term deposit receipts.
UBL Al Ameen asset Islamic Allocation Fund, Alfalalaha GHP Islamic income fund.
Note 13 states that Tax refunds due from the government. e.g. Income and sales tax.
Note 14 Cash and Bank Balances e.g. cash in hand, Current account and saving account.
Note 15: Issued, subscribed, and paid-up capital.
Note 16: Capital reserves. Share premium reserve, employee compensation reserve, gain on dilution of interest,
translation reserve on foreign operations.
Note 17: Long term Advances
Note 18: Long term Loans, MCB Bank Ltd., Unwinding of interest.
Note 19: Lease Liability ---Present value of Lease rentals.
Note 20: Trade and other payables.
Note 21: creditors, Bills discounted, accrued liabilities, provident fund contribution payables, withholding income tax
payables, sales tax payables, other payables.
Note 22: Short term borrowings.– MCB, Habib metro polytan bank limited, running finance facility @ NBP, running
finance facility @ Meezan bank limited.
24. NOTES– PROFIT AND LOSS
Note 24: Revenue on contract with customers ---types of good or services e.g. outsourcing
software trading, software implementation, sale of air-time and related service.
Note25 : Cost of Revenue– salaries, allowances and amenities, commission paid, E- Link
connectivity charges, printing and stationery, computer supplies, rent, rate and taxes, Electricity,
gas and water. Traveling and conveyance, repair and maintenance, entertainment, insurance,
depreciation, Amortization, depreciation of Right of Use.
Note 26: Distribution Expenses– Salaries, allowances, and amenities.
Note 27: Administration Expenses.
Note 28: other operating expenses---Allowances for ECL’s / provision for doubtful debts.
Note 29: Other Income– income from financial assets: profit on deposit accounts.
Note 30: Finance Cost—Markup on guaranteed commission, Markup on short term Borrowing.
25. NOTES– PROFIT AND LOSS
Note 31: taxation– income tax, current year and prior year.
Note 32: Geographical segments– North America, middle east, Europe, Pakistan.
Note 33: transaction with related parties.
Note 34: Remuneration of CEO, Directors and Executives.
Note 35: Earning per share- Basic and Diluted.