Yusri Hazrol Yusoff, Tengku Puteri Nurqistina Tengku Md Hadzlan, Siti Salihah Ahmad Nazli, Suhartila Soid, Roslina Abdul Rahim, Norfatiha Mohd Mohd Nor
This study focuses on the implementation of Customer Due Diligence (CDD) requirements under Section 16 of the Anti-Money Laundering Act (AMLA) in Reporting Institutions (RIs). While RIs have established policies and procedures to comply with AMLA and mitigate risks associated with money laundering, there needs to be more emphasis on gathering information to address Environmental, Social, and Governance (ESG) Factors. ESG concerns have become increasingly important in the financial sector, but many institutions need help integrating ESG considerations into their due diligence processes. This study explores the incorporation of ESG due diligence within CDD practices, as it is crucial for long-term value creation, investor returns, and mitigating ESG risks that might be exposed to money laundering. This research aims to identify and propose practical strategies for integrating ESG factors into the customer evaluation process of RIs OR investigate factors that influence the role of due diligence in combating money laundering through the lens of ESG. This paper examines factors that influence the function of due diligence in tackling money laundering through the lens of ESG.
{"title":"Role of Due Diligence in Combating Money Laundering in Lens of ESG: A Concept","authors":"Yusri Hazrol Yusoff, Tengku Puteri Nurqistina Tengku Md Hadzlan, Siti Salihah Ahmad Nazli, Suhartila Soid, Roslina Abdul Rahim, Norfatiha Mohd Mohd Nor","doi":"10.5430/afr.v12n4p72","DOIUrl":"https://doi.org/10.5430/afr.v12n4p72","url":null,"abstract":"This study focuses on the implementation of Customer Due Diligence (CDD) requirements under Section 16 of the Anti-Money Laundering Act (AMLA) in Reporting Institutions (RIs). While RIs have established policies and procedures to comply with AMLA and mitigate risks associated with money laundering, there needs to be more emphasis on gathering information to address Environmental, Social, and Governance (ESG) Factors. ESG concerns have become increasingly important in the financial sector, but many institutions need help integrating ESG considerations into their due diligence processes. This study explores the incorporation of ESG due diligence within CDD practices, as it is crucial for long-term value creation, investor returns, and mitigating ESG risks that might be exposed to money laundering. This research aims to identify and propose practical strategies for integrating ESG factors into the customer evaluation process of RIs OR investigate factors that influence the role of due diligence in combating money laundering through the lens of ESG. This paper examines factors that influence the function of due diligence in tackling money laundering through the lens of ESG.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"38 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136068131","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Dalili Adlina Aisham, Nurfarah Hanis Ali, Raja Nurul Fatihah Raja Razlan, Suraya Qistina Ain, Muthyaah Mohd Jamil, Noor Afzalina Mohamad
The development of water audit practices in Malaysia is still in its early stages compared to other countries. The discussion on water audit has attracted the attention of research recently. Utilising 30 papers in water auditing literature, this study aims to highlight the roles of internal auditors in water audit practices. This paper identified two roles of internal auditors. This study also emphasises the benefits of involving an internal auditor in water audit practices, particularly for organisations. These benefits include enhancing cost efficiency by optimising water usage within the organisation, contributing to optimising water utilisation, and assisting organisations in improving decision-making regarding water management. This paper argued that the water audit is believed to be an alternative to cater to water management issues.
{"title":"Diving Deeper: Unlocking Benefits by Leveraging the Hidden Value of Internal Auditors in Water Audit Practice","authors":"Dalili Adlina Aisham, Nurfarah Hanis Ali, Raja Nurul Fatihah Raja Razlan, Suraya Qistina Ain, Muthyaah Mohd Jamil, Noor Afzalina Mohamad","doi":"10.5430/afr.v12n4p80","DOIUrl":"https://doi.org/10.5430/afr.v12n4p80","url":null,"abstract":"The development of water audit practices in Malaysia is still in its early stages compared to other countries. The discussion on water audit has attracted the attention of research recently. Utilising 30 papers in water auditing literature, this study aims to highlight the roles of internal auditors in water audit practices. This paper identified two roles of internal auditors. This study also emphasises the benefits of involving an internal auditor in water audit practices, particularly for organisations. These benefits include enhancing cost efficiency by optimising water usage within the organisation, contributing to optimising water utilisation, and assisting organisations in improving decision-making regarding water management. This paper argued that the water audit is believed to be an alternative to cater to water management issues.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136068348","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Money laundering poses a significant challenge globally, involving using cash to conceal the origins of funds. With the rise of digitalisation and the adoption of financial technology (FinTech), the financial sector has been compelled to adapt to these changes. The COVID-19 pandemic has further accelerated the use of FinTech services, including digital banking, to address social distancing concerns and enhance customer convenience. Despite having an index of risk considered moderate for money laundering, Indonesia continues to be a destination for these types of illegal activities. Anti-money laundering (AML) and counter-terrorism financing (CFT) programs must be implemented, especially in all financial service providers that Bank Indonesia oversees.Additionally, the internal audit function is crucial in identifying money-laundering activities within banks. However, there needs to be more research regarding integrating RegTech and evaluating internal audit functions in preventing money laundering in Indonesian banks. This paper aims to address this gap by examining the benefits of RegTech solutions and the role of internal audit functions in preventing money laundering. The findings can be used to enhance regulations and implement effective measurement to combat money laundering and illicit activitivities. Furthermore, the study highlights the importance of Indonesia's membership in the Financial Action Task Force (FATF) to strengthen the country's AML framework and contribute to global policies on AML and countering the financing of terrorism.
{"title":"Money Laundering Prevention through Regulatory Technology and Internal Audit Function in Indonesia Banking Sector","authors":"Yusri Hazrol Yusoff, Yossi Rosalina Oktaviani, Siti Handayani, Muhammad Safwan Ismail, Muhamad Ridzuan Hashim, Roszana Tapsir","doi":"10.5430/afr.v12n4p62","DOIUrl":"https://doi.org/10.5430/afr.v12n4p62","url":null,"abstract":"Money laundering poses a significant challenge globally, involving using cash to conceal the origins of funds. With the rise of digitalisation and the adoption of financial technology (FinTech), the financial sector has been compelled to adapt to these changes. The COVID-19 pandemic has further accelerated the use of FinTech services, including digital banking, to address social distancing concerns and enhance customer convenience. Despite having an index of risk considered moderate for money laundering, Indonesia continues to be a destination for these types of illegal activities. Anti-money laundering (AML) and counter-terrorism financing (CFT) programs must be implemented, especially in all financial service providers that Bank Indonesia oversees.Additionally, the internal audit function is crucial in identifying money-laundering activities within banks. However, there needs to be more research regarding integrating RegTech and evaluating internal audit functions in preventing money laundering in Indonesian banks. This paper aims to address this gap by examining the benefits of RegTech solutions and the role of internal audit functions in preventing money laundering. The findings can be used to enhance regulations and implement effective measurement to combat money laundering and illicit activitivities. Furthermore, the study highlights the importance of Indonesia's membership in the Financial Action Task Force (FATF) to strengthen the country's AML framework and contribute to global policies on AML and countering the financing of terrorism.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"26 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136103666","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Suhaily Hasnan, Aiyani Abdul Hakim, Anis Fatini Ab Rahaman, Fatin Nur Farzana Zulkifli, Nureen Haziera Mohd Hazimi, Anas Rayyan Muhammad Shaifuddin
Businesses must be innovative in the current "knowledge-based economy" if they intend to create and maintain a competitive advantage over rivals. The adoption of big data analytics (BDA) is thus revolutionary for precise decision-making and top performance in the present industrial environment. BDA application has attracted interest particularly due to the prospects and benefits that may be realized from its utilization in both academic and practical circles. Nevertheless, its adoption in small and medium-sized (SME) businesses is unknown thus far, prompting this study. To determine the determinants influencing SME preparedness to adopt BDA, the current study used the Technology Organization Environment (TOE) framework. The results supported the positive effects of BDA adoption on organizational marketing and financial performance in SMEs. Hence, understanding the factors influencing BDA acceptance enables managers to undertake the right initiatives, which are essential for its successful implementation. The outcomes also render it possible for BDA service providers to draw in and spread its prevalence among SME businesses.
{"title":"Determinants of Big Data Analytics (BDA) Adoption among Small and Medium Enterprises (SMEs)","authors":"Suhaily Hasnan, Aiyani Abdul Hakim, Anis Fatini Ab Rahaman, Fatin Nur Farzana Zulkifli, Nureen Haziera Mohd Hazimi, Anas Rayyan Muhammad Shaifuddin","doi":"10.5430/afr.v12n4p54","DOIUrl":"https://doi.org/10.5430/afr.v12n4p54","url":null,"abstract":"Businesses must be innovative in the current \"knowledge-based economy\" if they intend to create and maintain a competitive advantage over rivals. The adoption of big data analytics (BDA) is thus revolutionary for precise decision-making and top performance in the present industrial environment. BDA application has attracted interest particularly due to the prospects and benefits that may be realized from its utilization in both academic and practical circles. Nevertheless, its adoption in small and medium-sized (SME) businesses is unknown thus far, prompting this study. To determine the determinants influencing SME preparedness to adopt BDA, the current study used the Technology Organization Environment (TOE) framework. The results supported the positive effects of BDA adoption on organizational marketing and financial performance in SMEs. Hence, understanding the factors influencing BDA acceptance enables managers to undertake the right initiatives, which are essential for its successful implementation. The outcomes also render it possible for BDA service providers to draw in and spread its prevalence among SME businesses.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135731495","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Intan Suhaila Maulad Haji Md Isa, Raziah Bi Mohamed Sadique, Norhayati Alias, Noor Hasniza Haron
With the economy’s growth, the banking industry expands, and the competitiveness intensifies with the increased number of banks. Nevertheless, its non-payment also leads to huge losses for banks and the country. One of the critical determinants of the banking sector's performance is the loans advanced to get the profit. Therefore, the loans and their repayments are used as the comparison. Specifically, banks note their repayments seriously, and those default loans are declared non-performing loans (NPLs). Thus, NPL indicates a country’s banking system’s health. This study investigates the factors influencing Non-Performing Loans (NPLs) in the commercial banking sector of Malaysia from 2012 to 2021. NPLs are considered a crucial indicator of the banking system's health and the overall economic health of a country. The study examines the relationship between bank-specific and macroeconomic factors and their impact on NPLs. The bank-specific factors analyzed are loan-to-deposit ratios, capital adequacy ratios, and bank size. In contrast, macroeconomic factors are unemployment, inflation, and gross domestic product. Data were collected from published annual reports, the World Bank website, and DataStream navigators for ten years from 2012 to 2021, involving 26 commercial banks in Malaysia. Data analysis includes Descriptive Analysis, Correlation, Multicollinearity, and Multiple Regression Analysis using SPSS version 20 software. The result indicates that loan-to-deposit ratio, bank size, unemployment rate, and gross domestic product significantly impact the NPLs in the Malaysian Commercial Banks industry. Meanwhile, the capital adequacy ratio and inflation rate did not affect the NPLs in Malaysia.
随着经济的发展，银行业规模不断扩大，银行数量不断增加，竞争力不断增强。然而，它的不支付也给银行和国家带来了巨大的损失。银行业业绩的关键决定因素之一是为获得利润而提前发放的贷款。因此，我们用贷款和还款作为比较。具体来说，银行认真记录其还款，这些违约贷款被宣布为不良贷款(NPLs)。因此，不良贷款反映了一个国家银行体系的健康状况。本研究调查了影响马来西亚商业银行部门不良贷款(NPLs)的因素，从2012年到2021年。不良贷款被认为是银行体系健康状况和一个国家整体经济健康状况的关键指标。该研究考察了银行特定因素和宏观经济因素之间的关系及其对不良贷款的影响。分析的银行特定因素包括存贷比、资本充足率和银行规模。相反，宏观经济因素是失业、通货膨胀和国内生产总值。数据收集自已发布的年度报告、世界银行网站和DataStream导航器，时间跨度为2012年至2021年，涉及马来西亚26家商业银行。数据分析包括描述性分析、相关性分析、多重共线性分析和多元回归分析，使用SPSS version 20软件。结果表明，存贷比、银行规模、失业率和国内生产总值显著影响马来西亚商业银行行业的不良贷款。同时，资本充足率和通货膨胀率对马来西亚的不良贷款没有影响。
{"title":"Factors Affecting Non-Performing Loans of Commercial Banks in Malaysia","authors":"Intan Suhaila Maulad Haji Md Isa, Raziah Bi Mohamed Sadique, Norhayati Alias, Noor Hasniza Haron","doi":"10.5430/afr.v12n4p32","DOIUrl":"https://doi.org/10.5430/afr.v12n4p32","url":null,"abstract":"With the economy’s growth, the banking industry expands, and the competitiveness intensifies with the increased number of banks. Nevertheless, its non-payment also leads to huge losses for banks and the country. One of the critical determinants of the banking sector's performance is the loans advanced to get the profit. Therefore, the loans and their repayments are used as the comparison. Specifically, banks note their repayments seriously, and those default loans are declared non-performing loans (NPLs). Thus, NPL indicates a country’s banking system’s health. This study investigates the factors influencing Non-Performing Loans (NPLs) in the commercial banking sector of Malaysia from 2012 to 2021. NPLs are considered a crucial indicator of the banking system's health and the overall economic health of a country. The study examines the relationship between bank-specific and macroeconomic factors and their impact on NPLs. The bank-specific factors analyzed are loan-to-deposit ratios, capital adequacy ratios, and bank size. In contrast, macroeconomic factors are unemployment, inflation, and gross domestic product. Data were collected from published annual reports, the World Bank website, and DataStream navigators for ten years from 2012 to 2021, involving 26 commercial banks in Malaysia. Data analysis includes Descriptive Analysis, Correlation, Multicollinearity, and Multiple Regression Analysis using SPSS version 20 software. The result indicates that loan-to-deposit ratio, bank size, unemployment rate, and gross domestic product significantly impact the NPLs in the Malaysian Commercial Banks industry. Meanwhile, the capital adequacy ratio and inflation rate did not affect the NPLs in Malaysia.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136114111","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Siti Nur Shahirah Sahidan, Raziah Bi Mohamed Sadique, Norhayati Alias, Noor Hasniza Haron
This study intended to identify the determinants of the audit expectation gap in Malaysia. The expectation gap is defined as the different perspectives of what society thinks and what society wants the auditors to do. Previous Malaysian researchers prove the existence of audit expectations. However, only some studies identify determinants of the audit expectation gap in Malaysia. Recent studies show that the Malaysian public misunderstood auditors' duties and audit scope. This quantitative research addresses the relationship between auditors’ skills, auditors’ efforts, knowledge of society, and users' needs toward the audit expectation gap. Online questionnaires are used in this study as measuring tools to measure the variables expected to have a significant relationship with the audit expectation gap. The software used to conduct the analysis is SPSS 20 under the linear regression method. There was a total of 108 Malaysian auditors involved in this research. This study shows that auditors’ efforts and knowledge of society are significantly related to the audit expectation gap. The rest of the factors were tested, and it was found that they did not significantly affect the audit expectation gap. Therefore, auditors should utilize exemplary efforts and increase public awareness of the audit scope.
{"title":"The Determinants of Audit Expectation Gap in Malaysia","authors":"Siti Nur Shahirah Sahidan, Raziah Bi Mohamed Sadique, Norhayati Alias, Noor Hasniza Haron","doi":"10.5430/afr.v12n4p43","DOIUrl":"https://doi.org/10.5430/afr.v12n4p43","url":null,"abstract":"This study intended to identify the determinants of the audit expectation gap in Malaysia. The expectation gap is defined as the different perspectives of what society thinks and what society wants the auditors to do. Previous Malaysian researchers prove the existence of audit expectations. However, only some studies identify determinants of the audit expectation gap in Malaysia. Recent studies show that the Malaysian public misunderstood auditors' duties and audit scope. This quantitative research addresses the relationship between auditors’ skills, auditors’ efforts, knowledge of society, and users' needs toward the audit expectation gap. Online questionnaires are used in this study as measuring tools to measure the variables expected to have a significant relationship with the audit expectation gap. The software used to conduct the analysis is SPSS 20 under the linear regression method. There was a total of 108 Malaysian auditors involved in this research. This study shows that auditors’ efforts and knowledge of society are significantly related to the audit expectation gap. The rest of the factors were tested, and it was found that they did not significantly affect the audit expectation gap. Therefore, auditors should utilize exemplary efforts and increase public awareness of the audit scope.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136114097","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Suhaily Hasnan, Mohamad Zakwan Zabidi Adil Zaibidai Ad, Muhammad Haziq Danial Mohd Farmy, Muhammad Irfan Anuar, Muhammad Zulhelmy Mohd Nazri, Amir Rayyan Muhammad Shaifuddin
This study aims to further explore the factors that influence corporate environmental, social, and governance (ESG) reporting in public listed companies (PLCs) around the world. The information was gathered from prior studies, which were conducted globally. The results are in line with the legitimacy theory, which holds that companies should disclose more ESG information in order to justify their continued existence. Discussion and findings in this study are significant to businesses and stakeholders, as well as policymakers. While businesses may think of ways to improve ESG reporting in order to compete on the global stage, stakeholders may put pressure on businesses to reveal more information about ESG, and also on policymakers to create an egalitarian framework on ESG that is suitable for businesses in their respective regions. The findings suggest that several factors have played a crucial role in influencing PLCs to disclose ESG reporting in their annual reports. The factors include company size, profitability, board of directors’ attributes, economic sustainability performance (ESP), financial leverage, audit committee external members, and the existence of a female director (or directors) on the corporate board. Most prior studies have found that these determinants have positive relationships with the tendency of PLCs to include ESG aspects in their annual report.
{"title":"Factors Affecting Corporate Environmental, Social and Governance (ESG) Reporting: A Literature Review","authors":"Suhaily Hasnan, Mohamad Zakwan Zabidi Adil Zaibidai Ad, Muhammad Haziq Danial Mohd Farmy, Muhammad Irfan Anuar, Muhammad Zulhelmy Mohd Nazri, Amir Rayyan Muhammad Shaifuddin","doi":"10.5430/afr.v12n4p13","DOIUrl":"https://doi.org/10.5430/afr.v12n4p13","url":null,"abstract":"This study aims to further explore the factors that influence corporate environmental, social, and governance (ESG) reporting in public listed companies (PLCs) around the world. The information was gathered from prior studies, which were conducted globally. The results are in line with the legitimacy theory, which holds that companies should disclose more ESG information in order to justify their continued existence. Discussion and findings in this study are significant to businesses and stakeholders, as well as policymakers. While businesses may think of ways to improve ESG reporting in order to compete on the global stage, stakeholders may put pressure on businesses to reveal more information about ESG, and also on policymakers to create an egalitarian framework on ESG that is suitable for businesses in their respective regions. The findings suggest that several factors have played a crucial role in influencing PLCs to disclose ESG reporting in their annual reports. The factors include company size, profitability, board of directors’ attributes, economic sustainability performance (ESP), financial leverage, audit committee external members, and the existence of a female director (or directors) on the corporate board. Most prior studies have found that these determinants have positive relationships with the tendency of PLCs to include ESG aspects in their annual report.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135198243","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Micro entrepreneurs contribute significantly to economic growth, and poverty eradication through self-employment, and job creation. However, micro-entrepreneurs are believed to wrestle with effective financial recording and planning. In the absence of proper bookkeeping and accounting, business analysis, and hence future growth planning are difficult. This exploratory study draws on the Social Entrepreneurship Bookkeeping Program initiated by the Faculty of Accountancy, Universiti Teknologi MARA Cawangan Selangor, Malaysia, in 2018. This study examines whether the micro-entrepreneurs at Pasar Tani maintain a proper record of their business transactions, and if not, what are the reasons for not doing so. Using a purposive sampling design involving sixteen micro-entrepreneurs, this study finds a striking result that half of them did not record their business transactions at all. The other half recorded their transactions but to a very limited extent. Furthermore, most of them had no accounting background and were not aware of the importance of bookkeeping for their business growth. Interestingly, 62.5% of the micro-entrepreneurs indicated that they were keen to learn more about accounting even though only 37.5% of them claimed that such a learning opportunity exists. Together, the findings of this study suggest that more accounting short courses and training programs should be organized and promoted to assist the micro-entrepreneurs with their financial recording and planning.
{"title":"An Exploratory Study on the Accounting Practices among Pasar Tani Micro-Entrepreneurs in Malaysia","authors":"Halim Shuhaimi Yeop Johari, Cedrena Nadine Jius Awang, Seri Ayu Masuri Md Daud","doi":"10.5430/afr.v12n4p23","DOIUrl":"https://doi.org/10.5430/afr.v12n4p23","url":null,"abstract":"Micro entrepreneurs contribute significantly to economic growth, and poverty eradication through self-employment, and job creation. However, micro-entrepreneurs are believed to wrestle with effective financial recording and planning. In the absence of proper bookkeeping and accounting, business analysis, and hence future growth planning are difficult. This exploratory study draws on the Social Entrepreneurship Bookkeeping Program initiated by the Faculty of Accountancy, Universiti Teknologi MARA Cawangan Selangor, Malaysia, in 2018. This study examines whether the micro-entrepreneurs at Pasar Tani maintain a proper record of their business transactions, and if not, what are the reasons for not doing so. Using a purposive sampling design involving sixteen micro-entrepreneurs, this study finds a striking result that half of them did not record their business transactions at all. The other half recorded their transactions but to a very limited extent. Furthermore, most of them had no accounting background and were not aware of the importance of bookkeeping for their business growth. Interestingly, 62.5% of the micro-entrepreneurs indicated that they were keen to learn more about accounting even though only 37.5% of them claimed that such a learning opportunity exists. Together, the findings of this study suggest that more accounting short courses and training programs should be organized and promoted to assist the micro-entrepreneurs with their financial recording and planning.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135198248","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ateyah Mohammad Alawneh, Suleiman Daood Alosheibat
The study analyzes the relationship between technology and economic growth in Jordan during 2009–2018 and the data are treated via Views E program. ARDL methodology are used. Results showed a co-integration relationship between the study variables (computer use in general; computer use at work; and computer use in education, training, and economic growth) and the results presented that the deviation from long-term equilibrium is corrected using an error correction model which long-term corrected as a percentage correction (−0.06) each year from the short-term to the long-term and showed the results of the structural stability test of the (ARDL) model. It is a structural stability test for long and short-term coefficients, which showed that the data used in this study are free from any structural changes has stable parameters over time The study also used CUSUM's Squerse test, where the test results showed that the study model used is economically good and can be relied upon to anticipate economic solutions in Jordan according to the situation in the coming years, and among the most important recommendations of the study are the following: the need to encourage the use of technology in work, education, and training, and the need for expansion in using these technological means as a gateway to the digital economy and the digital state.
{"title":"Relationship between Technology and Economic Growth","authors":"Ateyah Mohammad Alawneh, Suleiman Daood Alosheibat","doi":"10.5430/afr.v12n4p1","DOIUrl":"https://doi.org/10.5430/afr.v12n4p1","url":null,"abstract":"The study analyzes the relationship between technology and economic growth in Jordan during 2009–2018 and the data are treated via Views E program. ARDL methodology are used. Results showed a co-integration relationship between the study variables (computer use in general; computer use at work; and computer use in education, training, and economic growth) and the results presented that the deviation from long-term equilibrium is corrected using an error correction model which long-term corrected as a percentage correction (−0.06) each year from the short-term to the long-term and showed the results of the structural stability test of the (ARDL) model. It is a structural stability test for long and short-term coefficients, which showed that the data used in this study are free from any structural changes has stable parameters over time The study also used CUSUM's Squerse test, where the test results showed that the study model used is economically good and can be relied upon to anticipate economic solutions in Jordan according to the situation in the coming years, and among the most important recommendations of the study are the following: the need to encourage the use of technology in work, education, and training, and the need for expansion in using these technological means as a gateway to the digital economy and the digital state.","PeriodicalId":34570,"journal":{"name":"Journal of Islamic Accounting and Finance Research","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135301717","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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