Accounting Talk

One of our group’s activity in Accounting Path is Accounting Talk. This activity has been carried on the first say of Accounting Path which is on 5th of July 2014.

In this activity, we had explained to the participants of Accounting Path about accounting. It was a brief introduction on accounting to them. The aim of this activity is to introduce to the participants about accounting and its field since many of them are still blank on the fields and did not know on the direction that they should follow in order to be a successful person in accounting. This is one of the best activity to make them know accounting and to prevent them from choosing a wrong path as many of us too faced the problem.

Apart from that, we also aimed to encourage the participants which consists of both science stream and arts stream to choose accounting as their career. This will help to produce many quality accountants and make the accounting field more competitive. Furthermore, we also try to attract them to choose University Malaya(UM) as their choice of university to pursue their degree in accounting.

We had shared our experience and knowledge about accounting and accounting in University Malaya. For example, we had explained to them on the job prospects for an accountant that is available and the job scopes briefly to them. We also had introduced the Big Four’s as most of them are unaware of that. Furthermore, we also had explained on the pathways to become a qualified chartered accountants as well as the differences between an accountant and the chartered accountant.

Besides, we also felt that it is important for them to know about the international accounting bodies like ACCA and ICAEW and the accounting bodies in Malaysia like MICPA and MIA. Therefore, we too had explained about the bodies which includes the duties of the bodies briefly. In addition, we also had shared to them about the lifestyle in University Malaya(UM) to give them a clear picture on how to survive and excel in the university. This was an important sharing as experience shared is very valuable for them to choose the right university to pursue their tertiary educational level.

The response from the participants was outstanding as the students was very interested in listening to the talk and was eager to know more about accounting and University Malaya. Some of them took the input as a guideline for them to choose accounting. There was also some questions that was asked and we believe with this activity the knowledge about accounting for them has been raised. The details explained in Accounting Talk was then used to play the Trading Game which was a subsequent activity to Accounting Talk.

Trading Game

The trading game was held on the first day of Accounting Path which was on 5th July 2014. It was a subsequent activity for Accounting Talk.

The aim of the game is to make the participants to think of some strategies on how to earn more money by trading from other groups. Furthermore, this activity also aimed to test the level of accounting knowledge among the groups. The game flow was as follows:

Questions will be distributed by the FC’s Participants will be given 15 min to answer the questions The FC’s will then switch the groups and mark the questions The amount achieved by the groups will be written in a paper and put into an

envelope The participants will then allowed to trade among the groups

The game also had some strict rules which are as follows:

Participants will be given only 15 min to answer the questions Each tick obtained is worth RM100 The game consist of 2 rounds-

1st round- all groups must trade their money with other groups 2nd round- the groups can choose whether to trade or not

The group with the highest amount of money will win the game

In the game, question papers on accounting was distributed to each groups and they were given 15min to answer it. After the time was due, the question papers was collected and marked and the amount accumulated was stated in a paper and put into an envelope. The groups were then given the envelope which consist of the amount that the group gained by answering the questions. The groups then was allowed to trade with other groups. The trading involved 2 rounds. In the 1st round, all group are made compulsory to trade with other groups. In the 2nd round, the groups are given the choice whether to trade or not trade. Since the highest and the lowest amount was told to the groups, so this act as a platform for them to gain the highest money by trading with other groups.

The game went into an intense game whereby most of the groups wanted to trade with other groups to get the highest money and hence, win the game. The group with the best strategy had won the game and gain the highest amount.