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Published by Afterschool.my on Sep 05, 2016, 03:11 pm
Malaysian Institute of Accountants (MIA) chief executive officer Dr Nurmazilah Mahzan said these technologies have the capability to crunch massive amount of data, analyse information and have the ability to enhance reasoning and professional judgement.
“By tapping into these technologies, accountants and financial professionals will be better supported when making complex decisions,” she said.
In Malaysia, trends in the accountancy profession are Big Data Analytics and Integrated Reporting.
“Irrespective of the industry, we generate tonnes of data every day. Accountants and financial professionals can leverage on Big Data. They have the ability to analyse data to help management make informed decisions.
"Accountants and financial professionals could play a strategic role in the organisation as their ability to interpret data could reveal business opportunities.”
Integrated Reporting is the next evolution of corporate reporting. Companies are encouraged to focus beyond financial performance, with an emphasis on the impact of their activities on the economy, environment and society. In doing so, organisations can create greater value over short to and long-term.
In Malaysia, the Integrated Reporting initiative is jointly promoted by various parties including the MIA, Securities Commission, Bursa Malaysia and PriceWaterhouse Coopers.
Aspiring accountants also need to keep pace with standards, particularly the International Financial Reporting Standards (IFRSs), a single set of accounting standards developed and maintained by the International Accounting Standards Board.
Malaysian Accounting Standards Board technical director Tan Bee Leng said with nearly 120 countries requiring the use of IFRSs by public companies while most other jurisdictions permit the use of IFRSs in at least some circumstances, knowledge of the standards will be most useful to aspiring accountants.
“It will enable them to stay relevant not only in Malaysia but also across international borders. For example, a Malaysian firm may do business with multinational clients or it may have subsidiaries overseas.
“In addition, IFRSs are developed based on clearly articulated principles and IFRSs concepts can help students develop critical analytical and thinking skills,” she added.
Shah Alam, 16 April 2019 – Carlsberg Malaysia invites young graduates who thirst for greatness to kick-start a career with one of the world’s largest breweries offering international opportunities with its Management Trainee Programme (MTP).The 2019 intake now open for applications till 30 May 2..
Read MoreGreat news for fellow students who are interested to work in the aviation industry, especially in piloting! Not only is AirAsia offering the cadet pilot programme this year, but Malaysia Airlines is on board this year too, with their Cadet Pilot Programme. Applications for the Malaysia Airlines..
Read MoreNot sure about which scholarships you’re eligible to apply for and when they’re closing? Are they even open yet? What are the criteria? Don’t fret just yet! We’re here to provide you with a complete list of scholarships that have opened, are closing soon, as well as those tha..
Read MoreKuala Lumpur, 26th March 2019:Team Vanguard Designs, comprising graduate and post-graduate students from First City University College, today won US$10,000 with their interior architecture design for the Salon Centre for Media Excellence Interior Architecture Competition.The Salon competition kicked..
Read MoreKuala Lumpur & Tokyo, March 22, 2019 – NEC Corporation and NEC Corporation of Malaysia today announced the successful completion of a Software-Defined Wide Area Network (SDWAN) trial with the Universiti Kuala Lumpur (UniKL) in Malaysia. The project, funded by Ministry of Internal..
Read MoreOne of the most sought-after recruitment programmes with one of the most recognisable companies in the world has officially opened. AirAsia, the budget airline that has transcended what a budget airline was capable of and changed the aviation landscape, has reopened its popular Cadet Pilot Programme..
Read MoreWhen SPM results are out, you will get lots of advice from various people about what you should do next.Basically, someone somewhere is trying to make decisions for you that you will have to live with for the rest of your life. Some of these advice and words of wisdom are very useful and you should ..
Read MoreDelegates from REPSOL Malaysia’s partner universities and the twenty studentsfrom geosciences and engineering disciplines who were awarded scholarshipsAs part of a growing and continuing commitment to provide opportunities to tertiary education students in becoming captains of industries in th..
Read MoreSPM results have been released! How are you feeling? If you're feeling pretty confident about your results and want to try a hand at applying for scholarships, we've compiled the top scholarships for SPM students open right now! Browse through the scholarships below and choose the most suita..
Read MoreAre you aspiring to become a teacher when you grow up? Ready to teach the world that comes after you, what you know? Then, be ready! Program Ijazah Sarjana Muda Perguruan (PISMP) applications open on 19th March 2019. PISMP is devoted to training future teachers in the Teachers Education Institute (I..
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