UBD students learn Ikhlas accounting system

National 1 minute, 59 seconds


AS PART of their preparation for the workplace, more than 30 final-year students from the Universiti Brunei Darussalam’s School of Business and Economics (UBD SBE) were trained on the basics of Ikhlas, an online accounting solution system, by BAG Networks Sdn Bhd.

The training, which was held for two days on April 20-21, is a collaboration between BAG Networks and UBD SBE to help transition undergraduates to the current realities of the local business environment, and to make accounting easier for them to start-up their own businesses or for financial management of small and medium enterprises (SMEs).

Ikhlas (www.ikhlas.com.bn) makes it easy for SMEs to produce online business reports, BAG Networks said in a press statement.

The use of _ikhlas _can help companies “transform the way they execute, manage, and track their critical financial transactions and related activities”, it added.

This system, the statement said, can be used easily by “non-accountants” or the “average businessman”, regardless of their understanding of accounting fundamentals.

The statement added that the introductory presentation was part of value-added services provided by BAG Networks to UBD SBE as the first educational institution in Brunei to subscribe to the advanced cloud accounting application for its students.

“UBD SBE sees practical applications of solutions, such as ikhlas, will prepare our final year students to enter into the workplace upon graduation. This online platform can also align the undergraduates’ academic learning to today’s innovative ways of managing a business,” said a lecturer at UBD SBE, Noor Amal Hayati Hj Mohd Salleh.

Noor Amal Hayati also noted that the presentation enabled the undergraduates to engage in a hands-on demonstration, such as creating and maintaining daily business accounting records, customer/supplier records, quotations, purchase orders, invoices, profit & loss, balance sheets and even Key Performance Indicators for running a business.

According to the Head of Operations at BAG Networks, Raymond Tang, ikhlas is “an enabling technology that will aid the development of youths as future influencers of the economy”.

Tan said that solutions like ikhlas will give essential tools to young people to succeed within a challenging working environment and to develop a strong sense of business ingenuity and innovation.

“We are here in support of UBD’s Next Generation Graduates, instilling tomorrow’s technology is today’s key to success,” said the head of operations of BAG Networks.

The Brunei Times