A closer look at accounting for Islamic financial institutions

This paper provides a discussion of a study that examines accounting in Islamic perspectives. The discussion includes an overview of the development of Islamic finance, accounting in Islamic perspectives, and four key accounting assumptions, namely ‘substance over form’, ‘time value of money’, ‘fair value’ measurement and ‘recognition based on probability’, which serve as important guides to preparers of financial information

The Mediating Effect of Representativeness Heuristic on Neurofinance and SME's Financial Decision Making

Financial decision-making is a crucial part of business survival, especially among SMEs. About 95% of the business are facing failures within five-year time. The financial decision making failure happened due to psychology and behavioural. This research aims to determine the mediating effect of representativeness heuristic on emotions and financial decision making. A pre-test and post-test experiment analyzes emotions, financial decision-making, and representativeness heuristic behaviour. In pre-testing, emotions and financial decision-making questionnaires are measured using questionnaires distributed to forty-two SMEs. Then, the video clips with 12 to 16 minutes duration are used in manipulating the emotions from neutral emotion to positive and negative emotions. Lastly, in post-testing, the data are gathered by repeating answered emotion and financial decision-making questionnaires, followed by the representativeness heuristic questionnaire. The data were analysed using General Linear Regression. The results showed that representativeness heuristic is partially effect on negative emotion towards financial decision making. From the analysis, neuro-behavioural of financial decision-making model has been proposed. The proposed models are incorporating with the brain components and working memory. It shows that System 1 and System 2 of the dual-process theory are activated for negative and positive emotions

Influential factors to pursue doctorate degree in Malaysia

AbstractThe production of doctorate graduates is important for new knowledge economy. In Malaysia, doctorate holders are still relatively small. Thus, there is a vital need to look into ways to boost up the number of admission and production of doctoral graduates. This study examined the underlying determinants for the choice of pursuing a doctoral degree? Using both quantitative and qualitative data from 888 and 7 usable responses, the study found the contributing factors to attract individuals into the doctorate program were (1) Opportunity; (2) Personal attributes; (3) Working Relevant Knowledge; (4) Financial support; (5) Program structures; and (6) Social Support