Published: February 2019

By Associate Professor Dr. Azizah AbdullahProfessor Dr. Rozainun Haji Abd Aziz, and Dato' Sri Akhbar Sattar

Introduction

This paper highlights what seems to be a current issue in our country: lauding wrongdoings, breach of trust, power abuse, and money laundering, to name a few. Hot media topics are the cases that have surfaced one by one on corruption in leading organizations, government-linked in nature. When examining the crux of it all, everything seems to point to basic talent and people issues. As such, there is a need to mind the gap on addressing societal corruption. Accordingly, this paper shares some interesting data and statistics from various reliable sources, as indicated.

Further, a simple overview of corruption and insights are shared in this paper based on a talk by Dato Sri Akhbar Sattar. The talk titled "Corruption and Governance: The Rise and Fall” was organized by our faculty niche cluster, Forensic Fraud Risk Management, on 9 November 2018 in Shah Alam,.  Dato' Sri Akhbar Satar shared concerns over integrity amongst the citizens of Malaysia.  Integrity is defined as being honest, and having strong moral principles. This is followed by the call to action that one must not pursue personal interests.

Published: February 2019

By Dr. Kamaruzzaman Muhammad and Associate Professor Dr. Erlane K Ghani

Introduction

Revenue recognition has always been a controversial issue in accounting especially on long-term contracts or services (Silvia, 2014). For many entities, revenue is the largest single number in the financial statements and often used as a key determinant for many performance indicators such determination of key personnel remuneration package, future investment decisions, tax expenses and more importantly, their reputation (ACCA, 2011). Acknowledging the importance of revenue to be measured and presented fairly in the financial statements, the Malaysian Accounting Standards Board (MASB) has issued MFRS 15 Revenue from Contract with Customers in 2014. The objective of MFRS 15 is to establish principles for entities reporting on the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers (MASB, 2015; Delloite, 2016). Prior to the implementation of MFRS 15, the existing revenue standards such as MFRS 118 Revenue and MFRS 111 Construction Contracts have limited guidance particularly on complex transactions, resulting in different accounting treatments for similar transactions.. With MFRS 15, it addresses shortcomings of MFRS 118 and MFRS 111 asbetter guidance is laid down on how and when an entity shall recognise revenue from contract with customers and provide more information and disclosure in the financial statements. This standard is to be adopted for annual periods beginning on or after 1 January 2018, but earlier adoption is also permitted.

February 28th, 2019 

By Nor Suhailati Abdul Manan and Marshita Hashim

Teaching has been regarded as a noble and prominent profession in every society in almost every part of the world. The roles as a teacher have been done by many people for ages, either formally or informally. Everyone who is successful today must have learned from at least one good teacher. Mr. Narendra Modi, the prime minister of India once said “teaching is not a profession but ‘jeevan dharm’ or a way of life. Prime Minister Modi proposed that “if a society is to progress, teachers must always be two steps ahead of time. Teachers should understand changes that happening across the world and prepare the new generation accordingly.”

Published: February 2019

By Dr. Radziah Mahmud and Rosmini Mohd Aripin

An integrated reporting is a benchmarking free business report which is intended mainly for private sectors. However, it could be adapted for other reporting entities. This report highlights the organisation’s policy, governance, performance and prospects, which eventually increase business value over time.

Published: February 2019

By Dr. Aida Hazlin IsmailTs. Mohamad Ridhuan Mat Dangi, and Dr. Shukriah Saad

Rapid changes and advancement of technology have increased the importance and pervasiveness of digital environment in our life. Technology advancement has also revolutionized the education landscape where many students and educational institutions embrace digital technologies such as computers, laptops, internet and myriads of mobile devices. This revolution does not only enable students to quickly and easily access a huge range of digital resources and services but also use them effectively (Al-Htaybat, Von Alberti-Alhtaybat, & Alhatabat, 2018). In an educational perspective, digital teaching and learning are described as important tools used by educators who employ any technologies in their teaching practices (Voogt, Erstad, Dede, & Mishra, 2013). With this technology, it creates a vast amount of opportunities in a learning environment in terms of enhancing communication, promoting active learning and knowledge construction, and ensuring effective and efficient operational practice and processes, student engagement and delivery of content (Al-Htaybat et al., 2018).