Berita

International Accounting Program (IPAcc) Yogyakarta Muhammadiyah University held a Public Lecture by presenting Assoc. Zakiah Saleh from Malaya University. The event, which was held at Amphitetaer E7.B, 5th Floor of UMY Integrated Campus, Tuesday (10/15) discussed the issues and challenges about the Government of Malaysia’s Journey in Applying Accrual Accounting.
Zakiah explained how exactly the changes made by the Malaysian Government in their government accounting system, from the Cash Basis to the Accrual Basis. “The Malaysian accounting system is inherited from the United Kingdom. After independence (1957) remained on a cash basis and budgeting traditional line items. Meanwhile, there was a change in the government transition. Modification of the Cash Basis was then carried out since 1974 which was changed to the Accrual Basis in 2010, “he said in front of the students present.

Cash Basis is a method of recording in accounting, in which every transaction made is recorded based on the nominal amount received. Whereas Accrual Basic Accounting is a method of recording in accounting with every transaction that occurs is recorded based on the concept of actual recognition. “Changes that must occur in the Malaysian government in accounting methods that are done require support from politicians and administrators. There is no way to go back to the old method, we must move forward for further improvement, “Zakiah added.
Meanwhile, Indonesia itself has embraced the Basic Accrual method for a long time compared to Malaysia which has recently been. “Our differences with the Malaysian accounting method use Ordinary Law in Indonesia with Civil Law,” said Secretary of the Study Program for IPAcc Arum Indrasari M.Buss., Ak., CA, met after the event.

This public lecture is a routine activity of IPAcc UMY, which is five times a year. Arum Get students who take part in this event to gain new knowledge about accounting, more than they can get during lectures. “Our hope students can benefit from the activities that have just taken place, published from today about the Malaysian Government’s accounting methods from Cash Basis to Accrual Basis. Students can later find out about the accrual basis accounting system between Indonesia and Malaysia so that it can be used as a student thesis material. Because Accrual Basis is also included in public sector accounting courses at IPAcc UMY, “Arum concluded.