TEACHING ACCOUNTANCY FIRM (TAF)
Category   ARTICLE
By   ADMIN   (17/01/2017)
Tags   taf
Teaching Accountancy Firm (TAF)

TAFThe TAF is the unique hallmark of SALIHIN’s innovative practical solution to address the unmet needs and challenges commonly faced by the nation, the industry and the academia in nurturing and producing industry-ready graduates.

It is the accountancy world’s first initiative in the accountancy profession. It fosters a collaboration between SALIHIN and Universities aimed at providing a unique and advanced learning and training field for both accounting lecturers and students. It bridges the gap between theory and professional practice aimed at producing a world-class industry-ready and entrepreneurial accountants.

TAF provides avenue for students to be directly involved in the actual working environment within the university and to apply knowledge which has been learnt in the class; enhances quality of accounting graduates with necessary technical and soft skills in accountancy as deemed relevant, primarily involving accounting standards and applicable laws; and serves a platform for academicians to empower their knowledge with the latest development of the accountancy profession’s practices.

Presently, SALIHIN-UMT TAF is in operation and is jointly managed by both SALIHIN and University Malaysia Terengganu (UMT).  SALIHIN-UniKL TAF has been soft-launched while other universities are in the pipeline.

 

Entrepreneurship

 

Central to this university-industry collaboration is the production of entrepreneurial minded accounting graduates. In the era of stiff competition in business and graduate employment, it is a matter of necessity, on one hand, for businesses to have access to talents with entrepreneurial acumen to tap business opportunities, and on the other hand, for graduates to be self-employed. As a result, the TAF is to also establish and operate an Accountancy Student Business Incubator (“ASBI”).


The ASBI is an educational learning laboratory designed to identify, inspire and educate students in entrepreneurship. Students will have access to the full depth of and breadth of TAF’s expertise and resources in diverse businesses across the industry. As students grow through education and experimentation under the TAF, it will help spark and make their innovative dreams a reality. This implies that the ASBI offers the chance students before graduation to learn through experience by working via innovative business concept and exposure to real business issues in the TAF. It is all about innovative ideas in TAF. Hands-on entrepreneurial activities  allow students to learn, launch, grow, and sustain customer-centered and market-relevant businesses.


With in-house theoretical and technical support and experienced business mentors/trainers, the graduate students would be equipped with the relevant skills and experience necessary to create a positive influence on the society, the nation’s economy and beyond. Going beyond producing entrepreneurs, the TAF will assist the graduate entrepreneurs after experimentation of business ideas through Entrepreneurship Fund and Sourcing of Seed Capital


Market Research & Case Study

 

Blending academic with in-depth industry experience, the TAF is poised in conducting full range of market research for new entrants and existing market players in diverse industries. In any manner the research is needed, whether quantitative, qualitative or mixed. Businesses need an in-depth market information to succeed in today’s complex and challenging business landscape. The array of TAF’s market research services includes market entry demand studies, industry overview studies, consumer behaviour and habit studies, feasibility studies, opinion studies, economic studies, and many more.

Business case studies has to do with conducting a comprehensive study of a whole or section of an organisation to identify, issues, challenges, problems, and provide effective recommendation for competitive and yet sustainable business growth. Thus, the case study provides a complete diagnosis and relevant solutions for improvement.


Government/GLC Consulting

 

Drawing from the wealth of TAF’s private and public sector expertise, this practice area focuses on addressing most critical managerial and policy issues hindering national, state, and local government agencies, and government linked companies to better fulfill their mission to the public. Among others, the public sector consultancy service covers public finance, economic development, strategy design, execution and evaluation, organisational design, change management, cost and quality service improvements, performance and value for money audit, policy research, financial management, accrual accounting, human capital management, and project management.


Thus, we examine macroeconomic trends, perform expenditure analysis, assess and quantify risks and explore new efficient methods of revenue generation in public finance, e.g. public private partnership advice and support. In the area of economic development, the TAF assists government and public-sector institutions craft and implement large-scale strategies that promote sustainable economic development, inclusive and holistic growth.


In strategy, the TAF is set to help public sector organisations, build and implement strategies to achieve their policy and organizational goals through setting a vision for strategic outcomes, designing actionable plan and evaluating progress from design through implementation to ensure that strategies and projects have long term impacts. In terms of organization, the TAF is positioned to offer organizational diagnostics and transformational change management.


Most importantly,  the TAF’s accrual accounting expertise supports and advises public sector organizations in the design and implementation of accounting system as required by the international public sector accounting financial reporting standards. This also includes the design and execution of accrual budgeting and monitoring of expenditure for prudent use of public resources. Apart from accrual accounting policy design and implementation, the TAF offer public sector policy research on the policy/intervention effectiveness, outcome and impact. The human capital manages addresses skills shortage and efficiency concerns of the public sector.

 

Research Commercialisation

 

Commercialization under the TAF also includes creating spin-off ventures and licensing of research outputs. The creation of spin-off ventures will largely be centred on greenfields. This involves the founding of a firm with the objective to commercially exploit a patented invention or establishing firms in untapped areas of the market with the sole aim of generating revenue for the university and lecturers. Lecturers are to be involved in generation of spin-off firms through consultancy engagements or transfer of tacit knowledge. This is designed to motivate researchers to commercialize research outputs while simultaneously supporting the basic research of the university. Students involvement in spin-offs is as covered in under the entrepreneurship drive in previous section. The impact of the TAF’s commercialisation activities rests on positive influences on research and teaching, provision of more exciting learning atmosphere in the university due to new career opportunities that are evident.


Greenfield/StartUp

 

We focus on viable projects in a marketplace that is completely untapped. We search for commercially untapped areas to undertake projects through our established entrepreneurs or new entrants into the market.

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SALIHIN FIT RUN'17

Posted on 19/10/2017 (ayed)

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Hari : Sabtu

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MIA Appoints Salihin Abang As New President

Posted on 29/08/2017 (admin)

KUALA LUMPUR, Aug 25 (Bernama) -- The Malaysian Institute of Accountants (MIA) has appointed Salihin Abang as President and Datuk Narendra Kumar Jasani as Vice-President, effective today.



"Salihin Abang succeeded Datuk Mohammad Faiz Azmi, whose term ended on July 26, 2017, while Narendra succeeded Datuk Zaiton Mohd Hassan, whose term ended on July 15, 2017," said MIA in a statement today.



Salihin, who is the Founder and Managing Partner of SALIHIN, was elected as MIA Council member on Sept 19, 2015.



He is also the president of the Malaysian Accounting Firms Association, a member of the Association of Malay Chartered Accountants Firms committee, a member of Malaysian Association of Tax Accountants, a fellow member of Chartered Tax Institute of Malaysia and an associate member of Certified Practicing Accountant (Australia).



 



Salihin received his Bachelor of Accounting from International Islamic University Malaysia in 1997 and obtained his Masters of Science in Accounting from the same university in 2008.



 



Source : http://www.bernama.com/bernama/v8/newsindex.php?id=1385525

Effect of Tax Reduction

Posted on 27/12/2016 (admin)

If we take a cut in income tax, it could also have an effect on the supply side of the economy.




  • Lower income tax rates may encourage people to work longer. Overtime is more worthwhile if you get to keep more of your income. This is the substitution effect – work is more attractive with lower tax rates.

  • However, there is also the income effect. With lower tax rates (and effectively higher wages), it is easier to get your target income by working fewer hours. Therefore, tax cuts may not increase labour supply because people don’t need to work more, if work is more highly paid.



There is much debate about the extent to which tax cuts increase productivity and economic growth. If marginal tax rates are very high e.g. 80%, cutting tax rates is likely to have some increase in labour supply and productivity. But, with tax rates of 20 or 30%, cutting income tax rates is no guarantee of increasing productivity and growth.



Source:



http://www.economicshelp.org/blog/13566/economics/the-effect-of-tax-cuts/

Rahmat Di Sebalik Kejatuhan Ringgit

Posted on 27/12/2016 ()

Kerajaan tidak gagal dalam menangani kejatuhan nilai ringgit bahkan lebih bijak serta berhemah dan memahami erti sebenar tentang penyusutan nilai ringgit ini apabila kejadian sebegini berlaku di setiap 10 atau 20 tahun sekali.



 



Apabila nilai ringgit jatuh secara mendadak maka kerajaan mungkin akan menyekat beberapa aktiviti berat seperti pembelian barangan dari negara asing dan dari luar negara untuk mengekang sedikit prasarana asing supaya dapat membuat sejumlah pembelian berkos tinggi secara perlahan dan berhemah sehingga nilai ringgit kembali pulih.



 



Kerajaan tidak berhasrat untuk menyangga nilai ringgit walaupun perangkaan menunjukkan jelas bahawa ringgit mulai menyusut secara drastik ke paras yang kritikal atau ke paras terendah kerana inilah waktunya yang dapat memberi sedikit peluang bagi pengurup wang negara atau mereka yang berurus niaga hadapan wang dapat meraih keuntungan.



 



Para pelancong asing terutamanya yang datang dari negara-negara Eropah dan negara-negara di blok barat dapat menikmati pertukaran wang mereka yang lebih baik apabila mereka datang untuk melancong ke Malaysia.



 



Begitu juga kepada penduduk dalam negara sendiri dapat menikmati keuntungan yang berlipat ganda dari hasil perniagaan matawang bersama negara-negara jiran seperti Thailand, Indonesia yang sememangnya boleh menjadikan satu tarikan terhadap ekonomi apabila mereka melancong ke negara tersebut dengan dapatan penambahan dari nilaian Rupiah atau Bath yang jauh lebih menguntungkan apabila berlakunya penyusutan nilai matawang tersebut.



 



Sewaktu berlakunya era penyusutan nilai ringgit ini penulis lebih kepada memberi cadangan kepada kerajaan Malaysia supaya dapat mengandakan untuk lagi usaha untuk membina 'satu empayar pelancongan negara' ke tahap yang lebih tinggi ertinya kerajaan Malaysia perlu membuat berbagai 'promosi pelancongan ' yang hebat terhadap seluruh warga Barat dan Eropah untuk datang melawat Malaysia sebagai 'Tahun Melawat Malaysia sepanjang Tahun ' .



 



Apabila berlakunya penyusutan nilai ringgit sebegini maka 'promosi pelancongan Eropah ' menjadi satu agenda tahunan negara untuk memperkenalkan secara drastik promosi sebagai ' Malaysia Indah ' di mata dunia dan sekali gus menarik pelancong untuk datang ke Malaysia.



 



Pelancong dari Eropah tentu tertarik dari pakej tawaran yang kerajaan berikan dan akan bertambah gembira apabila pertukarn wang mereka lebih menguntungkan apabila mereka datang ke Malaysia.Sebagai contoh satu pinggan nasi lemak berharga 5 ringgit Malaysia namun bagi pelancong yang datang dari 'Great Britain mereka akan berkata ' wow! Ini nasi lemak cuma 1 URO, oh! very cheap!'.



 



Begitu juga sesakali bagi rakyat Malaysia yang pergi melancong ke Bali Indonesia dan harga makanan di sana amat murah berbanding dengan tukaran wang ringgit Malaysia.Sebab pernah berlaku di suatu ketika nilaian pertukaran ringgit berbanding dengan nilai rupiah mencecah sehingga 5000 kali ganda .Contohnya 200 ringgit Malaysia bersamaan dengan satu juta rupiah Indonesia.



 



Sebenarnya berlakunya penyusutan nilai ringgit ini adalah juga sebagai satu ' Rahmat ' bukanya satu bentuk. ' Alamat Kiamat' terhadap ekonomi di sesebuah negara.



 



Oleh itu belajarlah dengan erti 'kesabaran' .Seluruh para pemimpin negara perlu bersikap positif terhadap apa yang berlaku untuk berdepan dengan unjuran dari penyusutan nilai ringgit ini ke arah satu bentuk pendekatan yang lebih realistik dan boleh membawa kepada sesuatu yang lebih menguntungkan.



 



Bagi seluruh badan perusahaan dan perniaga besar , natijah dari keadaan penyusutan nilai ringgit ini mungkin akan membawa sedikit kerugian namun kerugian ini bersifat sementara bahkan akan dapat sesuatu yang lebih menguntungkan secara keadaah yang dapat mengatasi permasalaan dengan membuat suatu 'post mortem ' semula dengan suatu cara perniagaan yang akan mendapat lebihan keuntungan mungkin yang berlipat kali ganda dalam jangka masa pendek atau panjang apabila keadaan nilai ringgit kembali stabil.

SALIHIN Strategic Reflection Retreat 2017

Posted on 27/12/2016 ()

Bersediakah anda untuk cabaran ekonomi 2017 ? 



kredit : Cabaran ekonomi 2017



Recent Articles

Sustainability Reporting Service

Posted on 24/02/2017 ()

 



Sustainability: Why does it matter?



The dynamism of business environment has resulted in challenges along social, environmental, ethical, and economic atmospheres. Specifically, World Economic Forum reported in 2016 that about 60% of global risks profile of major business organisations emanated from environmental and societal issues such as energy prices and availability, supply chain reach and resilience, regulation, and public sentiment.



 



No immunity



 



No business organization is immune to these systemic challenges and societal responses. Changing these threats to opportunities is possible through sustainability reporting as this would ensure the continual improvement of business operations that guarantee long-term resource availability through environmental, socially sensitive, and transparent performance.



Sustainability is about developing solid, all-inclusive growth based on a foundation of economic, social, and environmental commitment




  • Social (e.g. religious and ethnic diversity, community, employee rights)

  • Economic (e.g. shareholder and stakeholder value, corporate governance)

  • Environmental (e.g. emissions, water, energy)



"Development that meets the needs of the present without compromising the ability of future generations to meet their own needs."



 



Sustainability service offerings



 



At SALIHIN, we aspire to leverage our deep expertise in sustainability reporting to bring significant insights that are most valuable to your business.



 



Our competences and capabilities



 



Expertise and thought leadership




  • Our Sustainability practitioners are recognised expertise in the industry with requisite experience in assurance, reporting, carbon, energy management, risk, supply chain, and strategy.



 



External engagement and collaboration




  • SALIHIN demonstrate her commitment to Sustainability through active participation in various initiatives with various national regulatory authorities and professional association like Bursa Malaysia Securities, MIA, MAFA, ACCA, and CPA Australia.



 



Credentials




  • SALIHIN has extensive technical expertise and experience in both Advisory and Assurance delivering engagements across our portfolio of Sustainability offerings.



 



Inter-functional synergies




  • SALIHIN has dynamic model that enables leveraging of synergies across our functions of risk advisory services, tax, audit, IT consulting, Sharia and financial advisory services to bring most value to clients



 



Tools and methodologies




  • SALIHIN possesses dynamic set of methodologies and tools that are deployed to deliver successful outcomes on client projects.



 



Speak To Us Today!



 



 

Enterprise Risk Management

Posted on 24/02/2017 ()

 



Risk within an enterprise can come from various sources. By implementing an enterprise risk management (ERM) framework, organization can reduce the likelihood of unexpected disruptive business events in their environment.  By focusing resources on critical areas of your operations, we at SALIHIN will help you to identify control deficiencies and other threats to your business goals and remediate the problems. 



 



















Risk Management Process



 


 

Our offering covers:



 


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  • Organizational risk tolerance and risk management objectives

  • Organizational governance and control structures

  • Risk management policy and procedures

  • Audit risk management programs

  • Best practices to resource-constrained public entities

  • Trading and hedging strategies

  • Selecting & implementing risk information systems

  • Best practice risk gap analysis

  • Risk modeling

  • Real options modeling

  • Decision analysis modeling

  • Custom analytics

  • Hedge and portfolio optimization

  • Trader coaching

  • Corporate training




 



 



 



 

Integrated Reporting Services

Posted on 23/02/2017 ()

 



The economy is facing a new value paradigm. These changes, however, are not reflected in the way we measure or report value. Traditional corporate reporting models have failed to adapt to an uncertain economy and account for the increase in intangible assets. Traditional metrics for measuring value and economic progress no longer provide a complete picture.





Responding to these challenges, through integrated reporting (IR) in which financial statements serve as concise communication about how an organization’s strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value over the short, medium and long term, become paramount.





An integrated report benefits all stakeholders interested in an organization’s ability to create value over time, including employees, customers, suppliers, business partners, local communities, legislators, regulators and policy-makers.



 



So, where do you begin?



 



To begin with companies need to generate relevant and reliable financial and non-financial information with an objective way of measuring their progress towards more integrated reporting and integrate the business activities with value creation processes.



 



Important questions...




  • Would I invest in my company or choose to work for it based on what is presented externally?

  • Is the market value of my company a fair reflection of the business?

  • Are we telling a consistent story to all of our stakeholders? 



 



How can SALIHIN be of help?



As Malaysian firms have been slow to adopt integrated reporting, Salihin consulting aspires to leverage our great expertise in integrated reporting to bring significant insights that are most valuable to your business.



 



Services offering



Our specialists can help you at each step of your integrated reporting journey. Specifically, we can service in all the six areas of integrated as follows:













































 



Organisational overview and the external environment


 

  • Establish vision, strategy and goals as per integrated reporting

  • Design systematic framework to assist in identifying your major stakeholders

  • Engage with your internal and external stakeholders to highlight what they want and identify current gaps Service offerings

  • Facilitate workshop for stakeholder engagement process



 



Opportunities and risks


 

  • Set up reporting framework to identify risks and opportunities

  • Advise on enterprise risk management 

  • Process and risk mapping facilitation



 



Strategy and resource allocation


 

  • Measuring your total impact along your value chain to identify risks and demonstrate contribution across economic, social and environmental dimensions



 



Business model


 

  • Establish a comprehensive business value chain 

  • Set up system to measure, value and track performance targets

  • Design your internal and external integrated reporting



 



Governance


 

  • Assistance with designing and development of combined assurance Approach

  • Internal Audit based control reviews



 



Future outlook


 

  • Develop a blueprint for the future, reflecting risks and opportunities across the value chain

  • Assurance on process and assumptions leading to forward looking statements


     

Our competences and capabilities



 



Expertise and thought leadership




  • Our practitioners are recognised expertise in the industry with requisite experience in financial and non-financial reporting skill in areas such as financial capital, human capital, social capital, intellectual capital.



 



External engagement and collaboration 




  • SALIHIN demonstrate her commitment to integrating reporting through active participation in various initiatives with various national regulatory authorities and professional association like Bursa Malaysia Securities, MIA, MAFA, ACCA, and CPA Australia. 



 



Credentials 




  • SALIHIN has extensive technical expertise and experience in both Advisory and Assurance delivering engagements across our portfolio of integrated reporting offerings. 



 



Inter-functional synergies 




  • SALIHIN has dynamic model that enables leveraging of synergies across our functions of risk advisory services, tax, audit, IT consulting, Sharia and financial advisory services to bring most value to clients.



 



Tools and methodologies 




  • SALIHIN possesses dynamic set of methodologies and tools that are deployed to deliver successful outcomes on client projects. 




 



Speak to us today



 

Sustainability Reporting: A Snap look!

Posted on 17/02/2017 ()

 














 



The sphere of economy has been characterised by capitalism where the soul aim of business is“business”.



The feature of this phase of economy as be the of use of labour has machinery, little or no consideration for immediate environment as business believe that the only responsibility it has is to pay taxes and government is responsible with the “rest”.  Hence, the financial reports are prepared based on a set of guidelines and rules (GAAP) to showcase the financial performance and return to the owners.



 























Growing by the understanding that corporate organisations are responsible to wide range of stakeholders, especially the general public, the concept of sustainability was coined.  As defined by the World Commission on Environment and Development (1992), it is “a development that meets the needs of the present without compromising the ability of future generations to meet their own needs."  In essence sustainable development is about five key principles: quality of life; fairness and equity; participation and partnership; care for our environment and respect for ecological constraints - recognising there are 'environmental limits'; and thought for the future and the precautionary principle".


   
Sustainability was basically built on three pillars namely economic, social and environments.
   


 



 



 



 



 



 



 



 



 



 



 



 



 



 



 


















Environmental Sustainability

Ecological integrity is maintained, all of earth’s environmental systems are kept in balance while natural resources within them are consumed by humans at a rate where they are able to replenish themselves.



 


Economic Sustainability

Human communities across the globe are able to maintain their independence and have access to the resources that they require, financial and other, to meet their needs. Economic systems are intact and activities are available to everyone, such as secure sources of livelihood.
   























Universal human rights and basic necessities are attainable by all people, who have access to enough resources in order to keep their families and communities healthy and secure. Healthy communities have just leaders who ensure personal, labour and cultural rights are respected and all people are protected from discrimination. The concept was well accepted by the organisations from global north and south, especially the ethical once. It cut across all the disciplines such as engineering, economic, finance, human resource, and accounting
     

We cannot just add sustainable development to our current list of things to do but must learn to integrate the concepts into everything that we do." [i]


     


































From accounting point of view, the incorporation of sustainable effort of corporate entities in the financial statements is the main concern. In order to achieve this, a new format of account, sustainability report, was developed. A sustainability report is a report published by a company or organization about the economic, environmental and social impacts caused by its everyday activities. A sustainability report also presents the organization's values and governance model, and demonstrates the link between its strategy and its commitment to a sustainable global economy.
   
Sustainability reporting is a systematic presentation of financial and non-financial data in order to compare the present with past and progress concerning the predetermined yardsticks. While financial information is majorly drawn on the firm’s financial accounting system in line the enabling financial reporting standards and framework, non-financial information means that it is not presented in monetary terms and is not based on an accounting standard. Though, non-financial information can be both quantitative, such as tons (or units) of greenhouse gas, or qualitative, such as governance processes, the reputation of an organization or the organization’s impact on the state of biodiversity.
   
“The importance of sustainability now goes far beyond environmental issues, as the need to behave responsibly becomes a key aspect of strategy and operations.” [ii]
   
As a result, for sustainability to be measurable and reportable, performance indicators need to be developed and consistently adhered to by the respected organisations.  For sustainability reporting to be meaningful, it needs to be connected to the strategy of an organization.  Therefore, the indicators need to be relevant for the organization. Few of the important elements of sustainability reporting compared with financial reporting are presented in Table 1
   















































                      Table 1: Differences between sustainability reporting and financial reporting



 


  Financial reporting viewpoint Sustainability reporting viewpoint
Time-scale Backward looking Forward looking
Basic Accounting Standards No Standard
Focus Issues that organization directly controls Wider sustainability impacts
Economic View Material Non-tangible
Data Financial Non-financial
Materiality Financial importance All relevant information to readers
Users Shareholders and investors Known and unknown Stakeholders


 



Sustainability reporting has taken many different forms. There are stand-alone reports that can be published annually or biannually. Alternatively, sustainability reporting can happen via a suite of reports that are also published online. Although currently it is most common for organizations to publish environmental or social information in separate reports, there are also approaches that combine them with the annual financial report . Sustainability reporting can be considered as synonymous with other terms for non-financial reporting; triple bottom line reporting, corporate social responsibility (CSR) reporting, and more. It is also an intrinsic element of integrated reporting; a more recent development that combines the analysis of financial and non-financial performance.



 



Significance of Sustainability Reporting



There are benefits corporate organisation would have by practising sustainability reporting. These are not limited to the following:





Financial performance





The advocators of sustainability reporting contended that disclosure offers reporting companies a wide spectrum of intangible benefits, such as employee loyalty and consumer reputation which could improve the financial performance of firms directly or indirectly.





Building trust 





Transparency about non-financial performance can help to reduce reputational risks, open up dialogue with stakeholders such as customers, communities and investors, and demonstrate leadership, openness and accountability. 





Improved processes and systems 





Internal management and decision-making processes can be examined and improved, leading to cost reductions by measuring and monitoring such issues as energy consumption, materials use, and waste. 





Progressing vision and strategy 





Comprehensive analysis of strengths and weaknesses, and the engagement with stakeholders that is necessary for sustainability reporting, can lead to more robust and wide-ranging organizational visions and strategies. Importantly, companies can make sustainability an integral part of their strategies. 





Reducing compliance costs





Measuring sustainability performance can help companies to meet regulatory requirements effectively, avoid costly breaches, and gather necessary data in a more efficient and cost-effective way. 





Competitive advantage 





Companies seen as leaders and innovators can be in a stronger bargaining position when it comes to attracting investment, initiating new activities, entering new markets, and negotiating contracts.



 



 



________________________________________________________________________________________



[i] Bruntland Report for the World Commission on Environment and Development (1992)



[ii] The Dorset Education for Sustainability Network



[iii] PWC



[iv] Eccles & Krzus (2010).

Financial Reporting Standards Services

Posted on 10/02/2017 ()

 



The globalisation of capital markets and quest for improved foreign direct investments have enhanced harmonisation of financial reporting standards across the world. Hence, on 1 August 2008, the FRF and MASB announced their plan to bring Malaysia to full convergence with International Financial Reporting Standards (IFRSs) by 1 January 2012 as the changeover from Financial Reporting Standards (FRSs) to Malaysian Financial Reporting Standards (MFRSs), equivalent to IFRSs will help place Malaysian businesses on a level playing field with its international counterparts.



The challenge is to keep updated with the changes and new standards that are being released on a regular basis as successful MFRS compliance requires efficient systems and hands-on advisory.  Responding to these challenges will take productive time and efforts to be utilised in your core business activities.



 



How can SALIHIN be of help?



 



SALIHIN's dedicated professionals leverage on years of experience of IFRSs to provide standardized reporting services, as well as the industry’s highest levels of insight and technical knowledge.



 



Services offering



 



Our IFRS specialists can assist you navigate the complexity of the Standards so you can focus your time and effort on running your business. SALIHIN provides services in the following areas:





  • Reporting and Compliance




  • Designing financial reporting system based on MFRSs




  • Advising on accounting polices based on MFRSs framework




  • Conducting staff training on MFRSs at your convenience





 



Our competences and capabilities



 



Expertise and thought leadership





  • Our practitioners are recognised expertise in the industry with requisite experience in financial and non-financial reporting skill in areas such as financial capital, human capital, social capital, intellectual capital.





 



External engagement and collaboration





  • SALIHIN demonstrate her commitment to integrating reporting through active participation in various initiatives with various national regulatory authorities and professional association like Bursa Malaysia Securities, MIA, MAFA, ACCA, and CPA Australia.





 



Credentials





  • SALIHIN has extensive technical expertise and experience in both Advisory and Assurance delivering engagements across our portfolio of integrated reporting offerings.





 



Inter-functional synergies





  • SALIHIN has dynamic model that enables leveraging of synergies across our functions of risk advisory services, tax, audit, IT consulting, Sharia and financial advisory services to bring most value to clients





 



Tools and methodologies





  • SALIHIN possesses dynamic set of methodologies and tools that are deployed to deliver successful outcomes on client projects.



SALIHIN Premier Solutions (SPS) Accounting Software is driving a new development in the role of the corporate accountant

Posted on 20/01/2017 (admin)

In this new era of globalization and technology, software savvy is now among the most marketable job skills a professional accountant can possess. As what has been said by Sarah Perrin in AB Magazine, “technology will support more real-time reporting and analysis, as well as a transition from retrospective to predictive analysis”. Thus, from that connotation, it can be predicted that by time, software is changing the role of tomorrow’s accountants. To keep up with the changes, there are number of things every future accountant should know about how software is affecting their profession.



Therefore, SALIHIN-UMT Teaching Accountancy Firm (TAF) has conducted training on accounting software namely SALIHIN Premier Solutions (SPS). This training is aimed to produce  highly qualified students with vast knowledge in accounting software targeting accounting students of Faculty of Business and Management in Universiti Malaysia Terengganu (UMT) and also Universiti Sultan Zainal Abidin (UniSZA).



Beyond core accounting modules such as the general ledger, accounts payable, and accounts receivable, SPS functionality exists for bank reconciliations, cash management, financial statement compilation, asset depreciation, and beyond. With experienced consultants in area of accounting, taxation and IT, the students are equipped with necessary skills in exploring how accountants work and experience real data with real assessment. Upon completion of this training with passing marks in the assessment given, a certificate of completion is given to the students.The two-days training has yield a professional student that is industry-ready and efficient in accounting skills.