Journal of Advanced Research in Business and Management Studies

Taxable Business Income in Palestine: Tax Treatment in Palestine for Depreciation Expense for Assets vs. Accounting Treatment According to International Accounting Standards

Zein F Y Dweikat — 2024-06-01

Accounting is the source of information that any facility's relevant body requires in order to make economic judgments because it arranges the facility's financial reports regularly. The administration, for example, benefits from financial accounting findings because it uses them to plan, direct, and supervise financial operations. Additionally, it oversees and decides on the affairs of lenders, investors, governmental organizations, and scientific research institutions [3] There is a need for unified accounting standards to govern measuring and releasing information whenever financial reports are made in the age of globalization, the expansion of global marketplaces, and the beginning of the industrial revolution. Beneficiaries will be able to quickly compare them to assess and evaluate financial reports and make the most accurate decisions. In 1973, the International Accounting Standards Committee (IASC) issued the first international standards, the International Accounting Standards (IAS). They also wanted to make global business comparisons easier, increase transparency, and restore faith in financial reports. Later, the International Financial Reporting Standards (IFRS) replaced the International Accounting Standards (IAS) [9]. Moreover, the primary goals of commercial accounting and taxation are not the same. The former requires a straightforward representation of the actual data because it involves gathering information to monitor and make decisions; the latter—even though its primary goal is to increase revenue is frequently employed as a tool for the state's economic and social objectives [16]. The taxation reconciliation process often begins with the financial report's 'net income before taxation', unless there are special purpose financial reports that directly result in 'net [taxable] income'. Subsequently, this value is modified by a range of factors to provide 'net income' [6]. Net profit prepared according to international accounting standards, amending reports based on the approved income tax act to account for any liabilities in Palestine. The purpose of the research is to identify issues in the computation of taxable income in Palestine about which assessors and taxpayers have different opinions in Calculating the issue of depreciation assets and what is tax-recognized and what is not tax-accepted.

Students’ Interest in Start Up Business: A Systematic Literature Review

Rika Verawati — 2024-06-01

To minimize the increasing unemployment rate in various countries, one solution that can be taken is to encourage students to start start-up businesses through increasing entrepreneurial interest. The formulation in this study is what countries have studied entrepreneurial interest in higher education and how to implement entrepreneurship education in various universities. This study aims to determine what countries have studied entrepreneurial interest in higher education and describe how entrepreneurship education is implemented in multiple universities. The steps of this review include searching, screening, evaluating, and synthesizing—30 articles published in popular Scopus journals. The study shows that 12 countries have examined the importance of entrepreneurial interest and the role of entrepreneurship education in developing a culture of innovation, risk-taking, and business creation among university students. The potential impact on economic development is significant, as entrepreneurial students create jobs for themselves and generate innovations that can drive overall economic growth.

From Homemaking to Money Making: A Mixed-Methods Exploration of Financial Literacy Empowerment in Women’s Home-Based Entrepreneurial Ventures

Nur Iylia Syafiqah Abdul Malik — 2024-06-01

This study delves into the transformation of women entrepreneurs as they shift from traditional homemaking rules to establishing successful home-based business. With a notable rise in women embracing entrepreneurship from home, “From Homemaking to Money Making” explores this multifaceted journey, emphasizing the crucial role of financial literacy. The investigation aims to uncover how financial literacy acts as a catalyst, empowering women to navigate the intricacies of entrepreneurship within their homes. Despite the recognized importance of financial literacy in entrepreneurship, a significant gap exists in understanding the specific challenges faced by women transitioning from home making to entrepreneurship. The research landscape lacks a focused exploration of how financial literacy serves as a dynamic force, equipping women with skills to make inform decision, efficiently manage resources, and sustain profitable home-based enterprises. Employing a mixed-methods approach, including qualitative interviews and quantitative surveys, the study involves women entrepreneurs who successfully navigated the transition from homemaking to money-making ventures. By extracting valuable insights into their experiences, challenges, and the perceived impact of financial literacy, the research aims to illuminate the correlation between financial literacy and the success of women entrepreneurs. Preliminary findings highlight the essential skills acquired through financial education, including effective budgeting, strategic financial decision-making, and proficient cash flow management. In conclusion, "From Homemaking to Money Making" underscores the transformative role of financial literacy in the entrepreneurial journey of women from home. The study advocates for ongoing initiatives to integrate financial education into support programs for aspiring women entrepreneurs, promoting economic empowerment and challenging established gender norms.

Online Medium of International Linkage; Entrepreneurs and Youngsters

Mohamad Zaki Mohamad Saad — 2024-06-01

Since 2016, the Fourth Industrial Revolution (IR 4.0) has contributed a positive effect on current business and educational developments in Malaysia. Therefore, various organisations are actively engaged in sharing knowledge and information with the public as part of the impact of the establishment. Hence, higher education institutions (IPT) and non-governmental organisations are collaborating to provide early exposure to youth, particularly in the fields of education and business. Due to society's current interest in modernisation, particularly in this digitally driven period, business patterns have accelerated, powering the economies of nations. In response, the online International Linkage Entrepreneur and Youngster (ILEY) program was initiated to share thoughts with the youth and the public. ILEY provided an opportunity for students and fresh graduates to explore the concept of entrepreneurship. The platform focuses on the fundamental online business, as well as the latest technology and applications for online marketing. ILEY was held online, with the involvement of entrepreneurs from Malaysia and Indonesia. This research was conducted using the survey method. The survey form received responses from 110 participants based in Malaysia and Indonesia. The online participants were satisfied with ILEY. During the event, these speakers shared their viewpoints on small business management and strategies for dealing with business issues.

The Roles of Insurance on Economic Growth in Malaysia: An ARDL Approach

Nurhatiah Ahmad Chukari — 2024-06-01

Malaysia’s economic growth has been rising steadily over the years and one of the main contributors is the insurance sector. The literature has recorded mixed findings on the relationship between insurance and economic growth. This paper examines the relationship between the insurance sector and economic growth in Malaysia over an extended period of 1990-2021. This paper uses three proxies for the insurance sector i.e. life insurance premiums, nonlife insurance premiums, and total insurance premiums. The Autoregressive-Distributed Lag (ARDL) and Error Correction Model (ECM) approaches are employed to achieve the objective. While controlling for foreign direct investment, export, and import, this paper found that there is a positive long-run relationship between non-life insurance premiums and economic growth. Conversely, a negative short-run relationship is observed between life insurance premiums and economic growth. The total insurance premium has a negative short-run relationship with economic growth yet is insignificant for the long-run. The non-life insurance sector has a larger contribution compared to life insurance on Malaysia's economic growth as the market depends more on capital formation and investments, particularly in infrastructure, real estate, and capital markets. The insurance sector provides financial expansion in terms of payment for protection which results in an economic boost.