FACULTY OF ACCOUNTANCY

UNIVERSITI TEKNOLOGI MARA (UiTM)

FAR661: ACCOUNTING THEORY & EMERGING ISSUES

SEMESTER MARCH – AUGUST 2024

TUTORIAL: GROUP PRESENTATION

Instructions:

1. Form a group of max five (5) members and minimum of three (3).
2. All members must register for the same tutorial group
3. Each group will present twice. The first presentation takes place for Tutorial 3-8. The
second presentation takes place for Tutorial 9-14. The second presentation will be assessed
as part of the course works assessment, carrying 15% of the total Coursework (50%)

FAR661ACCOUNTING THEORY AND EMERGING ISSUESSMA/UITM/PA

PART 1

TUTORIAL: WEEK 1-8

Tutorial Week Activities/Question/ Topics Remark:

GROUP
1 No tutorial
1 2 Introduction and briefing by Tutor
Registration of tutorial assignment
2 3 QUESTION 1 GROUP 1

Look for an accounting research article (you may go to

any of the databases available at UiTM Library or visit
scholar.google.com). Prepare a 40-minutes presentation
describing what the research article is about and whether
it uses an Inductive, Deductive, Positive, or Normative
theoretical approach. Describe also any scientific method
utilized in the research article.

3 4 QUESTION 2 GROUP 2
Review business newspaper/magazine articles, Bursa
Malaysia, and the Securities Commission websites.
Choose the news about a Malaysian company that has a
management-shareholder dispute. Prepare a 40-minutes
presentation describing the company and the nature of
the dispute. Discuss how the agency theory explains and
solves the dispute.

4 5 QUESTION 3 GROUP 3
Prepare a 40-minutes presentation on the role of the
following entities in managing agent-principal disputes
and reducing opportunistic behavior in the Malaysian
capital market

1- Securities Commission
2- Minority Shareholders Watch Group
3- Audit Oversight Board

Please indicate your opinion (supported with relevant

theories) if you are agreed with the regulatory
(roles/intervening) in our accounting setting and
landscape

FAR661ACCOUNTING THEORY AND EMERGING ISSUESSMA/UITM/PA

 5 6 QUESTION 4 GROUP 4
Students need to review the Malaysia CF on the MASB
website. Prepare a 40 minutes presentation and report the
important findings from the Malaysia CF. Please also
explain the similarities or differences between the
Malaysia CF and the IASB framework.

6 7 QUESTION 5 GROUP 5

Some argue that the development of a conceptual

framework is inappropriate because accountants
constantly deal with specific issues that will not be
envisaged by an overall, general conceptual framework.
In particular, the accounting conceptual framework
makes no allowance for differences in the social contexts
where accounting is applied. They also argue that it
would be preferable to develop case-specific solutions to
accounting issues, based on case study research, and
bearing in mind the social contexts of all accounting
decisions. Required: Select one of the following topics
and discuss in a 40-minutes presentation whether the
conceptual framework is helpful in solving them

1- Accounting for Islamic Financial Instruments

2- Accounting for Agriculture
3- Accounting for Property Development

7 8 QUESTION 6 GROUP 6
The accounting process consists of dealing with many
matters of judgment and of resolving conflicts between
competing approaches to the presentation of the results
of financial events and transactions. This flexibility
provides opportunities for manipulation, deceit, and
misrepresentation. This activities-practised by the less
scrupulous elements of the accounting profession – have
come to be known as ‘creative accounting’ (Michael
Jameson, 1988). Analyse at least FOUR (4) motives for
creative accounting and support your analysis within
relevant theories.

FAR661ACCOUNTING THEORY AND EMERGING ISSUESSMA/UITM/PA