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Welcome to SALIHIN The Preferred National Accountancy Firm of Malaysia
SALIHIN 15 Years Celebrating 15 Years of Quality Service and Business Excellence
SALIHIN At A Glance The Preferred National Accountancy Firm of Malaysia. As one of the largest and fastest growing home-nurtured and bumiputra firms, SALIHIN is the name of a group of 12 independent entities, having over 300 competent professionals. Learn More
Our Vision and Mission SALIHIN stands out as the only accountancy firm which has uniquely identified Islamic Accountability as its core philosophy. Learn More
Life at Salihin Our people are our core business. We exist to serve and take care of our people. Read
The Salihin Commitment Quality service delivery is our commitment and culture. To us, quality is never an accident. Rather, it is the result of high intention, sincere effor Read
The Salihin Experience focus on creating and making our clients enjoy memorable experience with us. Our approach puts customer choice at the heart of our business. We disagr Read
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Audit & Assurance We audit and review financial statements to give assurance that the financial statements are prepared in accordance with specified criteria Learn More
Goods and Services Tax (GST) We are trusted to help you minimise exposure to GST non-compliance risks that could cripple your businesses Learn More
Zakat and Waqf Services The alms are only for the poor and the needy, and those who collect them, and those whose hearts are to be reconciled Learn More
Teaching Accountancy Firm World's 1st Initiative in the accountancy fraternity. Bridging the gap between theory and practice. Learn More
Right Brain, Right Skill and Right Attitude are our Essentials At SALIHIN, we seek for people who are inspiring, talented, dedicated and passionate to work with like-minded people to deliver value. Learn More
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Teaching Accountancy Firm (TAF)

Posted on 17/01/2017 (admin)

TAFThe TAF is the unique hallmark of SALIHIN’s innovative practical solution to address the unmet needs and challenges commonly faced by the nation, the industry and the academia in nurturing and producing industry-ready graduates.



It is the accountancy world’s first initiative in the accountancy profession. It fosters a collaboration between SALIHIN and Universities aimed at providing a unique and advanced learning and training field for both accounting lecturers and students. It bridges the gap between theory and professional practice aimed at producing a world-class industry-ready and entrepreneurial accountants.



TAF provides avenue for students to be directly involved in the actual working environment within the university and to apply knowledge which has been learnt in the class; enhances quality of accounting graduates with necessary technical and soft skills in accountancy as deemed relevant, primarily involving accounting standards and applicable laws; and serves a platform for academicians to empower their knowledge with the latest development of the accountancy profession’s practices.



Presently, SALIHIN-UMT TAF is in operation and is jointly managed by both SALIHIN and University Malaysia Terengganu (UMT).  SALIHIN-UniKL TAF has been soft-launched while other universities are in the pipeline.



 



Entrepreneurship



 



Central to this university-industry collaboration is the production of entrepreneurial minded accounting graduates. In the era of stiff competition in business and graduate employment, it is a matter of necessity, on one hand, for businesses to have access to talents with entrepreneurial acumen to tap business opportunities, and on the other hand, for graduates to be self-employed. As a result, the TAF is to also establish and operate an Accountancy Student Business Incubator (“ASBI”).





The ASBI is an educational learning laboratory designed to identify, inspire and educate students in entrepreneurship. Students will have access to the full depth of and breadth of TAF’s expertise and resources in diverse businesses across the industry. As students grow through education and experimentation under the TAF, it will help spark and make their innovative dreams a reality. This implies that the ASBI offers the chance students before graduation to learn through experience by working via innovative business concept and exposure to real business issues in the TAF. It is all about innovative ideas in TAF. Hands-on entrepreneurial activities  allow students to learn, launch, grow, and sustain customer-centered and market-relevant businesses.





With in-house theoretical and technical support and experienced business mentors/trainers, the graduate students would be equipped with the relevant skills and experience necessary to create a positive influence on the society, the nation’s economy and beyond. Going beyond producing entrepreneurs, the TAF will assist the graduate entrepreneurs after experimentation of business ideas through Entrepreneurship Fund and Sourcing of Seed Capital





Market Research & Case Study



 



Blending academic with in-depth industry experience, the TAF is poised in conducting full range of market research for new entrants and existing market players in diverse industries. In any manner the research is needed, whether quantitative, qualitative or mixed. Businesses need an in-depth market information to succeed in today’s complex and challenging business landscape. The array of TAF’s market research services includes market entry demand studies, industry overview studies, consumer behaviour and habit studies, feasibility studies, opinion studies, economic studies, and many more.



Business case studies has to do with conducting a comprehensive study of a whole or section of an organisation to identify, issues, challenges, problems, and provide effective recommendation for competitive and yet sustainable business growth. Thus, the case study provides a complete diagnosis and relevant solutions for improvement.





Government/GLC Consulting



 



Drawing from the wealth of TAF’s private and public sector expertise, this practice area focuses on addressing most critical managerial and policy issues hindering national, state, and local government agencies, and government linked companies to better fulfill their mission to the public. Among others, the public sector consultancy service covers public finance, economic development, strategy design, execution and evaluation, organisational design, change management, cost and quality service improvements, performance and value for money audit, policy research, financial management, accrual accounting, human capital management, and project management.





Thus, we examine macroeconomic trends, perform expenditure analysis, assess and quantify risks and explore new efficient methods of revenue generation in public finance, e.g. public private partnership advice and support. In the area of economic development, the TAF assists government and public-sector institutions craft and implement large-scale strategies that promote sustainable economic development, inclusive and holistic growth.





In strategy, the TAF is set to help public sector organisations, build and implement strategies to achieve their policy and organizational goals through setting a vision for strategic outcomes, designing actionable plan and evaluating progress from design through implementation to ensure that strategies and projects have long term impacts. In terms of organization, the TAF is positioned to offer organizational diagnostics and transformational change management.





Most importantly,  the TAF’s accrual accounting expertise supports and advises public sector organizations in the design and implementation of accounting system as required by the international public sector accounting financial reporting standards. This also includes the design and execution of accrual budgeting and monitoring of expenditure for prudent use of public resources. Apart from accrual accounting policy design and implementation, the TAF offer public sector policy research on the policy/intervention effectiveness, outcome and impact. The human capital manages addresses skills shortage and efficiency concerns of the public sector.



 



Research Commercialisation



 



Commercialization under the TAF also includes creating spin-off ventures and licensing of research outputs. The creation of spin-off ventures will largely be centred on greenfields. This involves the founding of a firm with the objective to commercially exploit a patented invention or establishing firms in untapped areas of the market with the sole aim of generating revenue for the university and lecturers. Lecturers are to be involved in generation of spin-off firms through consultancy engagements or transfer of tacit knowledge. This is designed to motivate researchers to commercialize research outputs while simultaneously supporting the basic research of the university. Students involvement in spin-offs is as covered in under the entrepreneurship drive in previous section. The impact of the TAF’s commercialisation activities rests on positive influences on research and teaching, provision of more exciting learning atmosphere in the university due to new career opportunities that are evident.





Greenfield/StartUp



 



We focus on viable projects in a marketplace that is completely untapped. We search for commercially untapped areas to undertake projects through our established entrepreneurs or new entrants into the market.

Effect of Tax Reduction

Posted on 27/12/2016 (admin)

If we take a cut in income tax, it could also have an effect on the supply side of the economy.




  • Lower income tax rates may encourage people to work longer. Overtime is more worthwhile if you get to keep more of your income. This is the substitution effect – work is more attractive with lower tax rates.

  • However, there is also the income effect. With lower tax rates (and effectively higher wages), it is easier to get your target income by working fewer hours. Therefore, tax cuts may not increase labour supply because people don’t need to work more, if work is more highly paid.



There is much debate about the extent to which tax cuts increase productivity and economic growth. If marginal tax rates are very high e.g. 80%, cutting tax rates is likely to have some increase in labour supply and productivity. But, with tax rates of 20 or 30%, cutting income tax rates is no guarantee of increasing productivity and growth.



Source:



http://www.economicshelp.org/blog/13566/economics/the-effect-of-tax-cuts/

Rahmat Di Sebalik Kejatuhan Ringgit

Posted on 27/12/2016 (admin)

Kerajaan tidak gagal dalam menangani kejatuhan nilai ringgit bahkan lebih bijak serta berhemah dan memahami erti sebenar tentang penyusutan nilai ringgit ini apabila kejadian sebegini berlaku di setiap 10 atau 20 tahun sekali.



 



Apabila nilai ringgit jatuh secara mendadak maka kerajaan mungkin akan menyekat beberapa aktiviti berat seperti pembelian barangan dari negara asing dan dari luar negara untuk mengekang sedikit prasarana asing supaya dapat membuat sejumlah pembelian berkos tinggi secara perlahan dan berhemah sehingga nilai ringgit kembali pulih.



 



Kerajaan tidak berhasrat untuk menyangga nilai ringgit walaupun perangkaan menunjukkan jelas bahawa ringgit mulai menyusut secara drastik ke paras yang kritikal atau ke paras terendah kerana inilah waktunya yang dapat memberi sedikit peluang bagi pengurup wang negara atau mereka yang berurus niaga hadapan wang dapat meraih keuntungan.



 



Para pelancong asing terutamanya yang datang dari negara-negara Eropah dan negara-negara di blok barat dapat menikmati pertukaran wang mereka yang lebih baik apabila mereka datang untuk melancong ke Malaysia.



 



Begitu juga kepada penduduk dalam negara sendiri dapat menikmati keuntungan yang berlipat ganda dari hasil perniagaan matawang bersama negara-negara jiran seperti Thailand, Indonesia yang sememangnya boleh menjadikan satu tarikan terhadap ekonomi apabila mereka melancong ke negara tersebut dengan dapatan penambahan dari nilaian Rupiah atau Bath yang jauh lebih menguntungkan apabila berlakunya penyusutan nilai matawang tersebut.



 



Sewaktu berlakunya era penyusutan nilai ringgit ini penulis lebih kepada memberi cadangan kepada kerajaan Malaysia supaya dapat mengandakan untuk lagi usaha untuk membina 'satu empayar pelancongan negara' ke tahap yang lebih tinggi ertinya kerajaan Malaysia perlu membuat berbagai 'promosi pelancongan ' yang hebat terhadap seluruh warga Barat dan Eropah untuk datang melawat Malaysia sebagai 'Tahun Melawat Malaysia sepanjang Tahun ' .



 



Apabila berlakunya penyusutan nilai ringgit sebegini maka 'promosi pelancongan Eropah ' menjadi satu agenda tahunan negara untuk memperkenalkan secara drastik promosi sebagai ' Malaysia Indah ' di mata dunia dan sekali gus menarik pelancong untuk datang ke Malaysia.



 



Pelancong dari Eropah tentu tertarik dari pakej tawaran yang kerajaan berikan dan akan bertambah gembira apabila pertukarn wang mereka lebih menguntungkan apabila mereka datang ke Malaysia.Sebagai contoh satu pinggan nasi lemak berharga 5 ringgit Malaysia namun bagi pelancong yang datang dari 'Great Britain mereka akan berkata ' wow! Ini nasi lemak cuma 1 URO, oh! very cheap!'.



 



Begitu juga sesakali bagi rakyat Malaysia yang pergi melancong ke Bali Indonesia dan harga makanan di sana amat murah berbanding dengan tukaran wang ringgit Malaysia.Sebab pernah berlaku di suatu ketika nilaian pertukaran ringgit berbanding dengan nilai rupiah mencecah sehingga 5000 kali ganda .Contohnya 200 ringgit Malaysia bersamaan dengan satu juta rupiah Indonesia.



 



Sebenarnya berlakunya penyusutan nilai ringgit ini adalah juga sebagai satu ' Rahmat ' bukanya satu bentuk. ' Alamat Kiamat' terhadap ekonomi di sesebuah negara.



 



Oleh itu belajarlah dengan erti 'kesabaran' .Seluruh para pemimpin negara perlu bersikap positif terhadap apa yang berlaku untuk berdepan dengan unjuran dari penyusutan nilai ringgit ini ke arah satu bentuk pendekatan yang lebih realistik dan boleh membawa kepada sesuatu yang lebih menguntungkan.



 



Bagi seluruh badan perusahaan dan perniaga besar , natijah dari keadaan penyusutan nilai ringgit ini mungkin akan membawa sedikit kerugian namun kerugian ini bersifat sementara bahkan akan dapat sesuatu yang lebih menguntungkan secara keadaah yang dapat mengatasi permasalaan dengan membuat suatu 'post mortem ' semula dengan suatu cara perniagaan yang akan mendapat lebihan keuntungan mungkin yang berlipat kali ganda dalam jangka masa pendek atau panjang apabila keadaan nilai ringgit kembali stabil.

SALIHIN Strategic Reflection Retreat 2017

Posted on 27/12/2016 (admin)

Bersediakah anda untuk cabaran ekonomi 2017 ? 



kredit : Cabaran ekonomi 2017



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SALIHIN Premier Solutions (SPS) Accounting Software is driving a new development in the role of the corporate accountant

Posted on 20/01/2017 (admin)

In this new era of globalization and technology, software savvy is now among the most marketable job skills a professional accountant can possess. As what has been said by Sarah Perrin in AB Magazine, “technology will support more real-time reporting and analysis, as well as a transition from retrospective to predictive analysis”. Thus, from that connotation, it can be predicted that by time, software is changing the role of tomorrow’s accountants. To keep up with the changes, there are number of things every future accountant should know about how software is affecting their profession.



Therefore, SALIHIN-UMT Teaching Accountancy Firm (TAF) has conducted training on accounting software namely SALIHIN Premier Solutions (SPS). This training is aimed to produce  highly qualified students with vast knowledge in accounting software targeting accounting students of Faculty of Business and Management in Universiti Malaysia Terengganu (UMT) and also Universiti Sultan Zainal Abidin (UniSZA).



Beyond core accounting modules such as the general ledger, accounts payable, and accounts receivable, SPS functionality exists for bank reconciliations, cash management, financial statement compilation, asset depreciation, and beyond. With experienced consultants in area of accounting, taxation and IT, the students are equipped with necessary skills in exploring how accountants work and experience real data with real assessment. Upon completion of this training with passing marks in the assessment given, a certificate of completion is given to the students.The two-days training has yield a professional student that is industry-ready and efficient in accounting skills.

Salihin Strategic Reflection Retreat 2017

Posted on 05/01/2017 (admin)
06/01/2017 - 08/01/2017
Gombak

SALIHIN Strategic Reflection Retreat 2017 with theme "Stay Focused, Improve Productivity and Together We Can".

Keep Updated, Knowledge is never enough

Posted on 30/12/2016 (admin)

Get the latest development here with our latest publication, research, online library and many more. Guided by Iqra (read), we begin with an in-depth knowledge of what whatever we do. We cherish and strive for competency, skill, continuous learning and innovation to better serve the dynamism of stakeholders’ expectation.



To the people of SALIHIN, the true foundation of who and what we have become, you deserve to share every honor we receive today. You have continuously strengthened and inspired SALIHIN, without which SALIHIN would have never come to reach this moment. I acknowledge that "a single tree does not make up a forest". You have all given much to see this day, and I hope that in some ways SALIHIN has made you proud.



We are inspired by divine principle of consistent perfection in everything we do. We assemble the best of the best team and resources to deliver superior service experience to the satisfaction or our client. We do not believe in self-congratulatory remarks, our clients say it all. 

Incentive and Recognition

Posted on 30/12/2016 (admin)

SALIHIN provides performance and merit-based rewards. We recognise and appreciate every contribution to the success and growth of both SALIHIN and you. We recognise and appreciate people of different background, diverse capabilities, experience and expertise.



SALIHIN offers you full sponsorship opportunity for you to pursue your preferred professional qualification including but not limited to ACCA, CPA Australia, CIMA, ICAEW, and MICPA-ICAA. The sponsorship package covers the entire educational expenditure, monthly allowance and study as well as exam leaves.



Beyond that, we have various programs designed to proper or provide a platform to develop your career.

Right Brain, Right Skill and Right Attitude Are Our Essentials

Posted on 30/12/2016 (admin)

At SALIHIN, we seek for people who are inspiring, talented, dedicated and passionate to work with like-minded people to deliver value. We are what we are today because of our people with the right brain, right skill and the right attitude. Our working atmosphere people are treated with respect and giving a helping hand to one another to succeed.



At SALIHIN, we offer responsibility not a job because it is the responsibility that will contribute directly to the success of SALIHIN and our clients. It is also a responsibility guided by Islamic accountability to Allah and consistent perfection in whatever we do.



Working at SALIHIN comes with endless opportunities to grow your career. As one of the fast growing accountancy firms in Malaysia, we welcome talents, capabilities, and expertise with strong leadership qualities, flexible and dynamic, self-initiators, positive attitude to change and able to work with diverse team of professionals.



Looking for a vibrant and dynamic environment to contribute value while advancing your career above the limit of the sky?. Whether you are intern, fresh graduate or experienced we have a responsibility for you with an attractive compensation package. Learn more about all the responsibilities within SALIHIN to see how your capabilities can help us grow and where you can develop your career.



 

World's 1st Initiative in the accountancy fraternity Bridging the gap between theory and practice.

Posted on 30/12/2016 (admin)

The TAF is the unique hallmark of SALIHIN's innovative practical solution to address the unmet needs and challenges commonly faced by the nation, the industry and the academia in nurturing and producing industry-ready graduates.



It  is the accountancy world's first initiative in the accountancy profession. It fosters a collaboration between SALIHIN and Universities aimed at providing a unique and advanced learning and training field for both accounting lecturers and students. It bridges the gap between theory and professional practice aimed at producing a world-class industry-ready and entrepreneurial accountants.



TAF provides avenue for students to be directly involved in the actual working environment within the university and to apply knowledge which has been learnt in the class; enhances quality of accounting graduates with necessary technical and soft skills in accountancy as deemed relevant, primarily involving accounting standards and applicable laws; and serves a platform for academicians to empower their knowledge with the latest development of the accountancy profession's practices.




"TAF brings corporate culture in university"



- Minister





 "Enhancing quality of Accounting graduates with technical competencies in line with Malaysian Education Development Plan 2015-2025"



- Vice Chancellor




Presently, SALIHIN-UMT TAF is in operation and is jointly managed by both SALIHIN and University Malaysia Terengganu (UMT).  SALIHIN-UniKL TAF has been soft-launched while other universities are in the pipeline.

IT is indispensable in business, utilizing it optimally to achieve business goals requires expertise

Posted on 30/12/2016 (admin)

Today’s business landscape is largely dictated by Information Technology (IT). Competitive pressures mounted on companies by IT are cushioned by sound, efficient and effective IT management and governance. Thus, our services are aimed at helping clients on how they can utilise their IT to optimally achieve their business and governance goals. We also assist and guide our clients to enable them implement new and improved IT solutions, software, IT systems, and security measures.



IT Consulting is not something every consultant can do efficiently and effectively. It requires strong technical IT expertise and a high level of communication to deliver quality service. Therefore, SALIHIN has assembled a competent and experienced team of IT professionals to assist clients to remain competitive and to minimize IT related risks.



SALIHIN offers the following IT management and consultancy services:




  • Enterprise Resource Planning (ERP)

  • IT Strategy and Assessment

  • IT Governance and Planning

  • IT Project Management and Advisory

  • Data Management

  • Data Analytics

  • Personal Data Protection

  • IT Sourcing/Outsourcing

  • Business Intelligence

  • IT Internal Audit

  • IT Risk Management and Assurance

  • Business Process Automation

  • Software Development and Customisation

  • Systems Integration and Enterprise Architecture.

  • Systems Implementation and IT Enterprise Security



 

Against complexity in business transactions, we ensure proper accounting for GST and financial reporting

Posted on 30/12/2016 (admin)
30/12/2016 - 31/12/2016

With the implementation of GST, accounting treatment has even become more complex and is time consuming to accurately capture the GST accounting treatment of each transaction. The monthly or quarterly submission of GST returns implies the need for up to date bookkeeping and at all times. 



Not only GST, but the move to the adoption of Malaysian Financial Reporting Standards (MFRS) and Malaysia Private Entity Reporting Standards (MPERS) has change the way certain transactions are accounted for. 



Coping with these changes, requires adequate knowledge and preparation. Especially for SMEs, the MPERS is applied for financial year beginning or after 1 January 2017. More needs to be done in this transition period particularly for first time adopters.



SBM is well positioned to assist clients in:




  • Preparation and submission of GST-03; be it quarterly or monthly

  • GST accounting and review for users of Salihin Premier Solutions (SPS) accounting software.

  • Preparation of annual financial reports (full sets of accounts for audit purposes) according to MPERS or MFRS and relevant regulatory requirements in Malaysia.

  • Preparation of management accounts or reports.

  • Training and education for MPERS or MFRS.

  • Forensic accounting engagements.

  • Installation and implementation of computerized Accounting Systems and controls.



SBM is the exclusive distributer of the SPS accounting software. With SPS, GST and full-set accounting is made easier. It is simple, efficient and professionally designed by accountants for any businessman. SPS comes into two distinct kinds. SPS v.14.01 and SPS Lite. For more information,Click here



We are committed to offering a consistent and reliable system of tracking and reporting finances and financial performance to help companies grow and plan for the future.

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