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Diverse nature of accounts from various company types / Fatin Nur Elisha Md Robi and Saflina Azis

Implementing standardized accounting methods across diverse industries, sizes, and operational models presents significant business challenges. The complexity inherent in this diversity makes it difficult to devise a uniform approach to accounting, affecting the consistency and accuracy of financial...

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Main Authors: Md Robi, Fatin Nur Elisha, Azis, Saflina
Format: Article
Language:English
Published: Universiti Teknologi MARA, Negeri Sembilan 2024
Subjects:
L Education (General)
Online Access:https://ir.uitm.edu.my/id/eprint/105736/1/105736.pdf
https://ir.uitm.edu.my/id/eprint/105736/
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spelling my.uitm.ir.1057362024-11-30T23:05:53Z https://ir.uitm.edu.my/id/eprint/105736/ Diverse nature of accounts from various company types / Fatin Nur Elisha Md Robi and Saflina Azis Md Robi, Fatin Nur Elisha Azis, Saflina L Education (General) Implementing standardized accounting methods across diverse industries, sizes, and operational models presents significant business challenges. The complexity inherent in this diversity makes it difficult to devise a uniform approach to accounting, affecting the consistency and accuracy of financial reporting. Inaccurate reporting can lead to regulatory non-compliance, financial discrepancies, and impediments in strategic decision-making processes. Addressing these challenges requires a nuanced understanding of each business's specific accounting needs, encompassing legal requirements, reporting obligations, and operational intricacies. Flexibility is paramount in developing tailored accounting processes, whether through sector specific principles or enhanced training programs for professionals. Additionally, leveraging adaptable technological solutions and fostering cross-departmental communication can provide valuable insights into specialized accounting requirements, ultimately enhancing efficiency and accuracy in financial reporting. Navigating the complexities of accounting processes in diverse business environments necessitates a multifaceted approach. Businesses can overcome challenges and enhance accounting efficiency by embracing flexibility, industry-specific knowledge, ongoing education, and technological advancements. This comprehensive strategy empowers organizations to improve financial reporting accuracy, mitigate regulatory risks, and effectively manage diverse industry landscapes, fostering sustainable growth and success. Universiti Teknologi MARA, Negeri Sembilan 2024 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/105736/1/105736.pdf Diverse nature of accounts from various company types / Fatin Nur Elisha Md Robi and Saflina Azis. (2024) Buletin FPN S3 <https://ir.uitm.edu.my/view/publication/Buletin_FPN_S3/>. ISSN 2805-4539
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic L Education (General)
spellingShingle L Education (General)
Md Robi, Fatin Nur Elisha
Azis, Saflina
Diverse nature of accounts from various company types / Fatin Nur Elisha Md Robi and Saflina Azis
description Implementing standardized accounting methods across diverse industries, sizes, and operational models presents significant business challenges. The complexity inherent in this diversity makes it difficult to devise a uniform approach to accounting, affecting the consistency and accuracy of financial reporting. Inaccurate reporting can lead to regulatory non-compliance, financial discrepancies, and impediments in strategic decision-making processes. Addressing these challenges requires a nuanced understanding of each business's specific accounting needs, encompassing legal requirements, reporting obligations, and operational intricacies. Flexibility is paramount in developing tailored accounting processes, whether through sector specific principles or enhanced training programs for professionals. Additionally, leveraging adaptable technological solutions and fostering cross-departmental communication can provide valuable insights into specialized accounting requirements, ultimately enhancing efficiency and accuracy in financial reporting. Navigating the complexities of accounting processes in diverse business environments necessitates a multifaceted approach. Businesses can overcome challenges and enhance accounting efficiency by embracing flexibility, industry-specific knowledge, ongoing education, and technological advancements. This comprehensive strategy empowers organizations to improve financial reporting accuracy, mitigate regulatory risks, and effectively manage diverse industry landscapes, fostering sustainable growth and success.
format Article
author Md Robi, Fatin Nur Elisha
Azis, Saflina
author_facet Md Robi, Fatin Nur Elisha
Azis, Saflina
author_sort Md Robi, Fatin Nur Elisha
title Diverse nature of accounts from various company types / Fatin Nur Elisha Md Robi and Saflina Azis
title_short Diverse nature of accounts from various company types / Fatin Nur Elisha Md Robi and Saflina Azis
title_full Diverse nature of accounts from various company types / Fatin Nur Elisha Md Robi and Saflina Azis
title_fullStr Diverse nature of accounts from various company types / Fatin Nur Elisha Md Robi and Saflina Azis
title_full_unstemmed Diverse nature of accounts from various company types / Fatin Nur Elisha Md Robi and Saflina Azis
title_sort diverse nature of accounts from various company types / fatin nur elisha md robi and saflina azis
publisher Universiti Teknologi MARA, Negeri Sembilan
publishDate 2024
url https://ir.uitm.edu.my/id/eprint/105736/1/105736.pdf
https://ir.uitm.edu.my/id/eprint/105736/
_version_ 1817847329803206656
score 13.223943

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