Research Output
A study of earning quality among MESDAQ listed companies
The causes of global credit crisis
Basic accounting for non accounting student
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Publication
This study attempted to find out whether the size of audit firm, internal audit establishment and former senior auditor as company director have any significant effect on earning management. All data were extracted from the annual reports. The sample firms used in this study were all the companies listed on Bursa Malaysia under Malaysia Exchange for Securities Dealing and Automated Quotation (MESDAQ) technological sector in 2006. There were 128 MESDAQ Companies listed in 2006. However due to unavailability of reports, 113 were used for analysis. Earning Management can be viewed from financial reporting perspective. From a financial reporting perspective, managers may use earning management to meet analysts’ earning forecast, thereby avoiding the strong negative share price reaction that quickly follow a failure to meet investor expectations. Too much earning management, however, reduces the earning quality and the ability investor to interpret current net income as well, particularly if the earning management is buried in core earning or otherwise not fully disclosed. The reported net income is useful to investor in evaluating future firm performance but excessive earning management may reduce this usefulness. Thus this study is very important because from the research findings shows that the size of audit firm, internal audit establishment and former senior auditor as company director have no significant effect on earning management. An understanding of the earning management is also important to accountants because it enables an improved understanding of the usefulness of the net income, especially for reporting to investor. It also may assist them to avoid some of the serious legal and reputation consequences that arise when firms become financially distress where such distress is often preceded by serious abuse of earnings management.
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Publication
This paper discussed the chronology, indicators and causes of global credit crisis to the financial institution and firms. It begins with the background of global credit crisis and follows a discussion of the causes of the credit crisis, particularly the role of regulatory incentives underlying excessive international and domestic borrowing, lending and investment. The world economy is facing the most severe credit crisis since the Great Depression of the last century. The risk of global recession has heightened significantly and volatility of commodity prices, which is the mainstay of most developing countries like Malaysia has inclined. If this situation continues to deteriorate, developing countries could be in great jeopardy. This study discussed the causes of the credit crisis on global economy. It was discovered that the credit crisis will cause fall in commodity prices, decline in export, lower portfolio and fall in equity market and decreasing in remittance from abroad. From this basis, the paper looks to the international responses to the credit crisis.. In this context, it considers issues relating financial stability, with particular attention to possible regulatory changes and their causes.
Publication
Basic Accounting for Non-Accounting Student has been prepared to assist non accounting student, new accounting learners and also for those who requires an understanding in exploring very basic accounting principles and methods. Each leason includes the learning objectives whereby the users may target to achieve after finish learning. This book designed systematically to grow up the accounting knowledge through theoretical application by looking at reality world of business. At the each of each chapter, the student will be provided with the exercises in order to strengthen the knowledge after learning processed has been made.