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TEACHING ACCOUNTANCY FIRM (TAF), THE FIRST INITIATIVE IN MALAYSIA AND IN THE WORLD ACCOUNTING FRATERNITY BY SALIHIN AND UMT, BRIDGING THE GAP BETWEEN THEORY AND PRACTICE

Posted by : fana | 19/01/2017

TERENGGANU, March 6 (Bernama) -- SALIHIN and Universiti Malaysia Terengganu (UMT) is pleased today to announce the official launching of the world’s first Teaching Accountancy Firm (TAF) at Universiti Malaysia Terengganu (UMT), by guest of honor, Minister of Higher Education, YB Dato’ Seri Idris Jusoh.

The TAF, which is a branch of SALIHIN and located at UMT’s School of Maritime Business and Management, is a joint collaboration between SALIHIN and UMT to provide a unique and advanced learning and practical training platform for both accounting lecturers and students. “It is a hallmark of SALIHIN’s innovative practical solution addressing the unmet needs and challenges facing the nation, the industry and the academia in nurturing and producing industry-ready graduates,” said Salihin Abang, Managing Partner of SALIHIN, Chartered Accountants.

He believes that accountancy related subjects, such as financial accounting, direct taxation, GST, auditing, company secretarial practice and the like, are practical in nature, yet students and lecturers are not adequately exposed to real-life industry practice in the learning process. Ironically, these students are expected to meet industry standards and ready for absorption in the profession. Concerns about skill-mismatch, incompetency and other graduate employability issues are best addressed with the concept of TAF, just like a Teaching Hospital.

The TAF is a great platform SALIHIN and UMT introduced in the world accounting fraternity to integrate real-life industry environment with teaching and learning environment for holistic engagement with students and lecturers. Thus, it will provide strong, effective, efficient, and sustainable capacity building to both lecturers and students.

The uniqueness of this initiative is that it is jointly managed and ran by SALIHIN and UMT. SALIHIN is made up of a group of distinct entities tailoring unique and independent consulting services in the areas of auditing and assurance, taxation (direct and indirect), shariah auditing, business advisory and corporate finance. Meanwhile UMT is the focused-marine based university that has undergone various transformations for better quality of human capital formation.

This marriage between SALIHIN and UMT is expected to contribute immensely in nurturing and producing quality employable accounting graduates by bridging the gap between theory and practice in a real-industry atmosphere.

By BERNAMA
Sunday 06/03/2016

Articles in Category "News" See More

Student Engagement with the industry

Posted by : fana | 19/01/2017

In Malaysia, higher education is integral to the professionalisation of financial accounting area. However, the traditional separation between academia and practice in tertiary curriculum does not necessarily equip students with the skills required to apply the content in a professional context.
Thus, this platform is being utilised to bring industry-experience to the students so that it can convey encouraging vibes to them especially to the final year students. SALIHIN’s consultants engaged with the accounting students via exposing to them the reality of working life in an accountancy firm. Students are also given chances to learn hands-on experience of working environment as they can undergo practical training in TAF Office located in UMT

Malaysian Private Entity Reporting Standard (MPERS) Training

Posted by : fana | 19/01/2017

The Malaysian Accounting Standards Board (MASB) issued the Malaysian Private Entities Reporting Standard (MPERS) to replace the existing Private Entity Reporting Standards (PERS) commencing 14 February 2014. MPERS is applicable to all private entities for financial statements beginning on or after 1 January 2016.
The MPERS is principally based on the International Accounting Standards Board (IASB)’s International Financial Reporting Standards (IFRS) for Small and Medium sized Entities (SMEs) issued in July 2009, except for the requirements on income tax and property development activities. With the issuance of MPERS, private entities have the option to apply the MPERS or the Malaysian Financial Reporting Standards (MFRS) in its entirety.
Realizing the significance of MPERS, SALIHIN-UMT TAF took this initiative to provide MPERS Training to lecturers of Universiti Malaysia Terengganu (UMT) and also Universiti Sultan Zainal Abidin (UniSZA) to cater the needs for adopting MPERS for both the industry and also the academic practitioner.  
Trained with a vast-experienced trainer in area of Auditing and Assurance, Faizul Nizan Zulkefli, Audit Executive Director of SALIHIN AF1426 has delivered his best in making sure all the lecturers experienced the improvisation and latest amendment in auditing framework within the proper guideline in MPERS.

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

Posted by : fana | 19/01/2017

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.

Program 2u2i tingkatkan kemahiran siswazah tempatan

Posted by : fana | 19/01/2017

KUALA NERUS - Pelaksanaan Program Dua Universiti + Dua Industri (2u2i) di universiti awam tempatan mampu meningkatkan kebolehpasaran, persediaan dan kemahiran pelajar universiti untuk memasuki alam pekerjaan.
Menteri Pendidikan Tinggi, Datuk Seri Idris Jusoh berkata, maklum balas daripada peserta Teaching Accountancy Firm (TAF) di Universiti Malaysia Terengganu (UMT) mendapati pelajar sangat teruja mengikuti program 2u2i itu.
2u2i merupakan program belajar sambil bekerja yang memperuntukkan penuntut untuk belajar selama dua tahun dan menimba pengalaman dalam industri selama dua tahun lagi.
Buat permulaan, sejumlah enam pelajar UMT menyertai TAF dengan firma perakaunan bertauliah, Salihin, katanya kepada pemberita selepas merasmikan program temu duga terbuka Skim Latihan 1Malaysia Zon Pantai Timur 2016 di UMT, di sini hari ini.
Hadir sama, Menteri di Jabatan Perdana Menteri, Datuk Seri Abdul Wahid Omar; Naib Canselor UMT, Prof Datuk Dr Nor Aeni Mokhtar dan rakan kongsi utama firma perakaunan bertauliah Salihin, Salihin Abang.
Dalam pada itu, Abdul Wahid berkata kerjasama antara UMT dan Salihin itu adalah selaras dengan hasrat kerajaan melahirkan lebih ramai akauntan bertauliah di negara ini.
Beliau dalam masa sama berharap lebih banyak firma-firma akauntan bertauliah dan universiti dapat menjalinkan kerjasama yang serupa agar matlamat itu tercapai.
"Sekarang kita mempunyai kira-kira 32,000 akauntan profesional dan diharap dengan adanya program seperti ini di universiti-universiti lain, ia dapat meningkatkan jumlah tenaga akauntan bertauliah kepada 60,000 orang dalam masa lima tahun ini.
"Dengan kerjasama ini, ia dapat membantu penuntut yang mengambil kursus perakaunan tidak berhenti setakat tamat pengajian tetapi menyambung hingga memperoleh pentauliahan daripada badan perakaunan profesional," katanya. - Bernama

 

By Sinar Harian

6 Mac 2016

TAF: Inisiatif pertama dunia dilancar

Posted by : fana | 19/01/2017

KUALA TERENGGANU 6 Mac - Firma Pengajaran Perakaunan (TAF) di Universiti Malaysia Terengganu (UMT) yang me­rupakan inisiatif pertama seum­pamanya di dunia dilancarkan hari ini.

TAF merupakan hasil kerjasama firma perakaunan Salihin dan UMT dengan mengambil pendekatan unik sebagai satu pemangkin de­ngan mengintegrasikan proses pe­ngajaran dan pembelajaran, teori dan praktikal bagi melahirkan siswazah yang boleh diserapkan terus ke dalam industri.

Pelancaran TAF yang beroperasi pada awal tahun ini sebagai firma cawangan Salihin di Pusat Pengajian Perniagaan dan Pengurusan Maritim UMT disempurnakan oleh Menteri Pendidikan Tinggi, Datuk Seri Idris Jusoh.



Ghazali Mohd. Yusoff (kanan) menyerahkan replika cek RM1.2 juta sebagai tabung wakaf kepada Nor Aeni Mokhtar (dua dari kiri) dalam Majlis Gempak Keusahawanan Kerjaya dan SL1M Zon Pantai Timur di UMT, Kuala Nerus, semalam. Turut hadir Idris Jusoh (dua dari kanan), Abdul Wahid Omar (tengah) dan Jebasingam Issace John. BERNAMA

Yang hadir sama Menteri di Jabatan Perdana Menteri, Datuk Seri Abdul Wahid Omar; Naib Canselor UMT, Prof. Datuk Dr. Nor Aeni Mokhtar; Ketua Pegawai Eksekutif, Majlis Pembangunan Wilayah Ekonomi Pantai Timur (ECERDC), Datuk Seri Jebasingam Issace John serta Pengerusi Eksekutif dan Pe­ngarah Urusan Nusantara Techno­logies Sdn. Bhd., Datuk Dr. Ghazali Mohd. Yusoff.

Bercakap kepada pemberita, Idris berkata, penubuhan TAF di UMT merupakan antara contoh pelaksa­naan program belajar sambil be­kerja yang digalakkan Kementerian Pendidikan Tinggi di bawah inisiatif Dua Universiti + Dua Industri (2u2i).

Menurut Idris, perkembangan terbaharu itu lebih membanggakan apabila kerjasama akademia-industri yang dipelopori UMT de­ngan Salihin turut melakar sejarah tersendiri selepas muncul universiti pertama seumpamanya di dunia yang mengetengahkan konsep sebagaimana Hospital Pengajar.

Katanya, kewujudan kemudahan terbaharu itu secara tidak langsung dapat mendedahkan pelajar kepada cabaran sebenar bidang perakaunan sekali gus mempersiapkan mereka terhadap perkara asas dalam profesion seorang akauntan termasuk berkaitan cukai, audit diikuti cukai barang dan perkhidmatan (GST) serta lain-lain lagi ke arah meme­nuhi kehendak industri.

“Kelebihan di UMT, pelajar pe­rakaunan tidak perlu keluar dari kampus untuk bekerja kerana TAF yang juga cawangan firma perakaunan Salihin telah dibuka khusus di sini. Buat permulaan saya difahamkan enam pelajar terpilih untuk mengikuti program di TAF,” katanya yang turut menyempurnakan Majlis Penutup Gempak Keusahawanan Kerjaya (G2K) dan Skim Latihan 1Malaysia (SL1M) Zon Pantai Timur 2016.

Idris berkata, selain UMT, program 2u2i juga akan dilaksanakan di Universiti Malaysia Kelantan (UMK) dengan tumpuan pada bidang keusahawanan diikuti Universiti Putra Malaysia (UPM) menerusi pertanian dan Universiti Teknologi Mara (UiTM) (komunikasi).
Sementara itu, Abdul Wahid memberitahu, negara mampu mencapai sasaran melahirkan seramai 60,000 akauntan menjelang 2020 dengan adanya usaha yang dirintis TAF.

Katanya, perakaunan adalah satu daripada bidang utama negara yang masih kekurangan tenaga kerja de­ngan jumlah ketika ini hanya seramai 32,000 akauntan di Malaysia.

By Utusan Malaysia - March 7, 2016

UMT cipta sejarah dunia laksana program TAF

Posted by : fana | 19/01/2017

KUALA NERUS: Universiti Malaysia Terengganu (UMT) mencipta sejarah apabila menjadi universiti pertama di dunia melaksanakan program 'Firma Pengajaran Perakaunan' (TAF).  

Program TAF itu dilaksanakan hasil kerjasama dengan sebuah firma audit berlesen di negara ini, Salihin Chartered Accountants.

Naib Canselor UMT, Prof Datuk Dr Nor Aieni Mokhtar, berkata program TAF dilaksanakan bagi merealisasikan hasrat kerajaan dalam Pelan Pembangunan Pendidikan Malaysia (PPPM) 2015 hingga 2025 bagi Pendidikan Tinggi.

Beliau berkata, sejajar dengan matlamat kerajaan, UMT mengorak langkah menjalikan hubungan erat dengan pihak industri bagi mewujudkan program 'Industri@UMT'.



"Projek pertama di bawah program ini adalah menubuhkan TAF bertujuan memperkasakan program Sarjana Muda Perakaunan di UMT.

"Kita harap, program TAF yang pertama dilaksanakan di dunia ini mampu meningkatkan kualiti graduan UMT dengan kemahiran teknikal terutama dalam bidang perakaunan.  

"Malah, kita yakin kerjasama UMT dan Salihin Chartered Accountants ini diharap mampu melonjakkan peratusan gred universiti ini daripada 70 peratus kepada 90 peratus dalam tempoh enam bulan hingga setahun akan datang," katanya. Beliau berkata demikian selepas Majlis Menandatangani Memorandum Perjanjian (MoA) antara UMT dan Salihin Chartered Accountants di Auditorium Mahyuddin UMT, di sini, hari ini.   

Sementara itu, Pengurus Bersama Salihin Chartered Accountants, Salihin Abang, berkata pihaknya membuka pejabat di dalam kampus itu yang akan digunakan sebagai TAF dan diuruskan secara bersama dengan UMT.

Katanya, TAF akan menawarkan perkhidmatan seperti pengauditan, penyediaan akaun, kesetiausahaan, percukaian dan khidmat nasihat di dalam UMT.

 

By Berita Harian

SELASA, 29 DISEMBER 2015

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TEACHING ACCOUNTANCY FIRM (TAF), THE FIRST INITIATIVE IN MALAYSIA AND IN THE WORLD ACCOUNTING FRATERNITY BY SALIHIN AND UMT, BRIDGING THE GAP BETWEEN THEORY AND PRACTICE

Posted on 19/01/2017 (fana)

TERENGGANU, March 6 (Bernama) -- SALIHIN and Universiti Malaysia Terengganu (UMT) is pleased today to announce the official launching of the world’s first Teaching Accountancy Firm (TAF) at Universiti Malaysia Terengganu (UMT), by guest of honor, Minister of Higher Education, YB Dato’ Seri Idris Jusoh.



The TAF, which is a branch of SALIHIN and located at UMT’s School of Maritime Business and Management, is a joint collaboration between SALIHIN and UMT to provide a unique and advanced learning and practical training platform for both accounting lecturers and students. “It is a hallmark of SALIHIN’s innovative practical solution addressing the unmet needs and challenges facing the nation, the industry and the academia in nurturing and producing industry-ready graduates,” said Salihin Abang, Managing Partner of SALIHIN, Chartered Accountants.



He believes that accountancy related subjects, such as financial accounting, direct taxation, GST, auditing, company secretarial practice and the like, are practical in nature, yet students and lecturers are not adequately exposed to real-life industry practice in the learning process. Ironically, these students are expected to meet industry standards and ready for absorption in the profession. Concerns about skill-mismatch, incompetency and other graduate employability issues are best addressed with the concept of TAF, just like a Teaching Hospital.



The TAF is a great platform SALIHIN and UMT introduced in the world accounting fraternity to integrate real-life industry environment with teaching and learning environment for holistic engagement with students and lecturers. Thus, it will provide strong, effective, efficient, and sustainable capacity building to both lecturers and students.



The uniqueness of this initiative is that it is jointly managed and ran by SALIHIN and UMT. SALIHIN is made up of a group of distinct entities tailoring unique and independent consulting services in the areas of auditing and assurance, taxation (direct and indirect), shariah auditing, business advisory and corporate finance. Meanwhile UMT is the focused-marine based university that has undergone various transformations for better quality of human capital formation.



This marriage between SALIHIN and UMT is expected to contribute immensely in nurturing and producing quality employable accounting graduates by bridging the gap between theory and practice in a real-industry atmosphere.



By BERNAMA

Sunday 06/03/2016

Rahmat Di Sebalik Kejatuhan Ringgit

Posted on 27/12/2016 (wak anip)

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.

Retreat Salihin

Posted on 27/12/2016 (wak anip)

Bersediakah anda untuk cabaran ekonomi 2017 ? 



kredit : Cabaran ekonomi 2017



Recent Articles

TAF-UMT Courses

Posted on 20/01/2017 (fana)



Public universities in Malaysia has been mandated by The Ministry of Higher Education (“MOHE”) to escalate the industrial knowledge to the students of Degree of Accountancy in achieving the holistic conceptual of 2u2i Program.



Therefore, UMT through the School of Maritime Business & Management has successfully fulfilled the requirements of 2u2i Program. 



This program, namely TAF-UMT introduced five elective course modules which cover accounting, audit and assurance, taxation (direct and indirect), company secretarial and other advisory services. These courses will be assessed through elements of workplace based assessment, written assignment report, portfolio and presentation in which will be evaluated by the respective lecturer and TAF supervisor. 



Details of the courses are as follow:



1) ACT4993: Accounting Work Integrated Learning Attachment

Provide students with first-hand experience as an accountant and the development of professional skills required in the future profession especially in financial accounting. 



2) ACT4994: Taxation Integrated Learning Attachment

Equip students with first-hand experience as a tax assessor and developing the necessary professional skills for tax advisory tasks.



3) ACT4995: Audit Work Integrated Learning Attachment

The attachment will allow students to apply their theory on audit knowledge and concepts from the syllabus to develop a practical understanding through experiencing the real case scenario.



4) ACT4996: Secretarial Integrated Learning Attachment

Inculcate students with real experience as a Company Secretary and develop a practical understanding of other secretarial work.



5) ACT4997: Business Advisory Integrated Learning Attachment

Instill the student's consultancy skills to allow them to actively cooperate and consult the clients which will be required in business nature.

What are the benefits of TAF?

Posted on 20/01/2017 (fana)

TAF provides a platform to integrate a real-life industry environment with teaching and learning environment for both students and lecturers since they have the opportunity to work on real projects.

What are the current issues faced by the accounting students and lecturers in the academic sector?

Posted on 20/01/2017 (fana)

Students and lecturers are not adequately exposed to real-life industry practice and could not meet the needs and challenges faced by the academia industry. Concerns about skill-mismatch, incompetency and other graduate employability issues are best addressed with the concept of TAF.

What is Teaching Accountancy Firm (TAF)?

Posted on 20/01/2017 (fana)

TAF is a joint collaboration between SALIHIN and Universiti Malaysia Terengganu (UMT) to provide a unique and advanced learning and practical training platform for both accounting lecturers and students.

It is also a marriage between academia and the professional practice aimed at producing “thinking and enterprising accountants” relevant to industry and national.

TAF Objectives

Posted on 19/01/2017 (fana)

TAF Objectives



 




  1. As avenue for students to be directly involved in the actual working environment.

  2. To enhance the quality of UiTM’s accounting graduates with necessary technical skills in accounting.

  3. To heighten the set of soft skills of accounting students.

  4. As a platform for academicians to empower their knowledge.

Student Engagement with the industry

Posted on 19/01/2017 (fana)

In Malaysia, higher education is integral to the professionalisation of financial accounting area. However, the traditional separation between academia and practice in tertiary curriculum does not necessarily equip students with the skills required to apply the content in a professional context.

Thus, this platform is being utilised to bring industry-experience to the students so that it can convey encouraging vibes to them especially to the final year students. SALIHIN’s consultants engaged with the accounting students via exposing to them the reality of working life in an accountancy firm. Students are also given chances to learn hands-on experience of working environment as they can undergo practical training in TAF Office located in UMT