Accounting For Business 2e: Caroline Yap, Sook Yin, Evelyn Wong and et al. (2023)

This book is written by eleven authors who have significant commercial experiences in diverse industries who are currently teaching accounting, auditing, and taxation disciplines in private universities. With first-year accounting and diploma students in mind, the content of this book is written based on generally accepted accounting practices, and where applicable, the Malaysian Financial Reporting Standards (MFRS). In addition to the general understanding of the purpose of financial reporting and the conceptual framework used in modern accounting, this book provides a comprehensive discussion of the processes involved in contemporary accounting functions as well as the use of accounting information for financial and business decision-making.

Although this book was written for accounting students, it is also a good reference book for students pursuing a business degree or diploma and are required to study introductory accounting. This book provides step-by-step calculations, supplemented with explanations, that are ideal for all accounting and non-accounting students seeking basic accounting knowledge.

ISBN 978-967-2711-12-4 – Contents in 4-colour

About the Authors

Caroline Yap Yu Li holds a Bachelor of Arts in Accounting and a Master in Education. She is also a member of CPA Australia and a Senior Fellow of Advance HE (UK). Caroline has more than 15 years of teaching experience in undergraduate programmes. In 2019, she was the recipient of the Award in Excellence in Teaching at Sunway University.

Choo Sook Yin is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) and an Associate of the Malaysian Institute of Accountants (MIA). She also holds an MBA from RMIT University, Australia and is a Fellow of Advance HE (UK). She is currently undertaking her Doctorate with the Sunway University Business School. After thirteen years of professional accounting work in England and Malaysia, with two firms in the ‘Big 4’ and seventeen years with a major consultative managing firm, she has now embarked in academia, teaching undergraduates audit and cost accounting.

Evelyn Wong Mei Ling is a member CPA Australia. She also holds a Master of Finance from RMIT University, Australia. Prior to her academic career, she has worked with one of the ‘Big 4’ accounting firms.

Ho Wai Kee is a Fellow of Advance HE (UK), PhD holder, Chartered Accountant (Malaysia) and Fellow of ACCA Malaysia with over 10 years of industry experience in accounting and auditing and more than 15 years of teaching experience.

Jaspal Singh holds a PhD in Accounting and is a Fellow of Advance HE (UK). He has been in academia for over 20 years and has held positions in a multinational corporation and in the public sector. He has published articles in peer-reviewed journals and book chapters focusing on accounting ethics, integrated reporting, technology adoption and corporate governance.

Ng Shir Li holds a PhD in Accounting from RMIT University, Australia. She has over 15 years of experience in both industry and academia. Her passion in education and excellence in teaching won her the Student Appreciation Teaching Award twice in 2016 and 2021. Prior to joining the academic field, she has worked in several notable accounting firms locally and in Australia. She has published articles in peer-reviewed journals and book chapters focusing on international financial reporting standards, corporate governance, and sustainability reporting.

Nor Irdawati Mahyuddin holds a PhD in Accounting from Universiti Malaysia Terengganu, and a Chartered Accountant with the Malaysian Institute of Accountants (MIA). She has over thirteen years of teaching experience with a number of public and private universities. Prior to joining the academia, she worked in a 'Big 4' accounting firm and Bank Negara Malaysia undertaking banking supervision. She has published in peer-reviewed journals focusing on corporate reporting and corporate governance.

Peter Pang Looi Fai holds a PhD in Economics and an MSc in Finance. He has over 20 years of experience in academia and has held positions in the areas of audit and accounting in industry. He is a Fellow of the Higher Education Academy (UK) and a member of the Malaysian Accounting Association (MyAA).

Tan Seng Lee is a Certified Public Accountant and Chartered Accountant (Malaysia) with over 40 years of professional experience in auditing, accounting, banking, finance and academia. For the past twelve years, he has been teaching undergraduate and postgraduate courses in the areas of auditing, accounting, finance and sustainability. His previous work experience includes being an auditor in a ‘Big 4’ accounting firm, head of finance and treasury in a financial institution, chief financial officer of a leading automotive group and executive director – finance in a water infrastructure and services group. He has led projects in corporate restructuring, fund raising, mergers and acquisitions, joint ventures and credit recovery.

Vivi Norazlina Mohd Sidik holds a Master's in Accountancy from UiTM. She has been teaching both financial and management accounting subjects for the past 19 years. Her previous working experience includes being an assistant auditor in an audit firm and an internal auditor for a large fast-food chain.

Wong Wing Tien is a Certified Public Accountant with the Malaysian Institute of Certified Public Accountants (MICPA) and a Chartered Accountant with the Malaysian Institute of Accountants (MIA). He also holds a degree in Master of Business Administration. He started his career in the audit profession and worked for over 10 years in two of the ‘Big 4’ before leaving the audit profession to join a public listed company to head the accounting and finance team. He has many years of working experience in diverse industries before embarking on a teaching career in a university.

Chapter 1 Accounting and Business
Chapter 2 The System of Accounting
Chapter 3 Analysing and Recording Transactions
Chapter 4 Adjusting Accounts and Preparing Financial Statements for Sole Traders
Chapter 5 Accounting for a Merchandise Business
Chapter 6 Accounts Receivables and Notes Receivable
Chapter 7 Inventories
Chapter 8 Accounting for Property, Plant and Equipment
Chapter 9 Accounting for Payables
Chapter 10 Internal Control
Chapter 11 Companies and Accounting for Share Capital
Index

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Accounting For Business 2e: Caroline Yap, Sook Yin, Evelyn Wong and et al. (2023)

About the Authors

Table of Contents

Instructors Supplements