Thursday, February 23, 2012

AREC 2012 - Day Two

The second day of the Accounting Research and Education Conference (AREC 2011) continued with more parallel sessions in the morning. A wide range of conference papers from different areas of financial reporting, management accounting, corporate governance, forensic accounting, public sector accounting and Islamic accounting were presented. At the same time, judges were finalizing their evaluation of the products at the accounting innovation exhibition. There were a fairly good number of useful research products that could be potentially commercialized to the industry and the practitioners. After the lunch break, the final Panel Discussion was held. With the title “ETP: Roles, Expectations and Challenges of Accounting Graduates”, three panelists – Prof Datin Dr Hasnah Haron from Universiti Sains Malaysia (USM); Mr Stanley Teo , council member of MICPA and Mr Abraham from Ernst & Young and a council member of the Malaysian Institute of Accountants (MIA) were invited to speak at the forum. The director of Accounting Research Institute (ARI) moderated the panel discussion. Professor Hasnah highlighted the changing and challenging roles of today’s accountants. Not only should they be good in technical-related matters, they are also expected to acquire soft skills which include oral & written communication, leadership and the ability to work in teams. Next, Mr Abraham discussed the role of accounting firms and MIA in Malaysia. He further elaborated on the characteristics of accounting graduates that practitioners like to hire. The third speaker, Mr Stanley discussed the current challenges faced by the
profession which include frequent “job-hopping” among new accounting graduates and the increasing interest among graduates to secure job appointment overseas. Finally, the final slot was allocated to the “Closing Ceremony and Award presentations for “Best written paper”, “Best paper presenter” and “most innovative product”. Congratulations to Professor Dr Ibrahim Kamal Abdul Rahman for being re-elected as president of the Malaysian Accounting Academic Association (MyAA).

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