TABLE OF CONTENT PAGE
3
PBL SESSION 1: REVENUE CYCLE
6
PBL SESSION 2: EXPENDITURE CYCLE
11
PBL SESSION 3: PAYROLL CYCLE
14
PBL SESSION 4: PRODUCTION CYCLE
PBL SESSION 5: GENERAL LEDGER AND REPORTING SYSTEMS 18
,PBL SESSION 1: REVENUE CYCLE
a. Prepare data flow diagram for the process above
, b. Quick and easy, e-wallet is one of the best 21st century inventions that allows people to
make payment in a single tick. However, under certain circumstances, the users might
have difficulties in using the application in Malaysia. Discuss.
E-wallet is one of the best 21st century inventions that allows payment to be made in
one click. It is a type of electronic card that is used through a computer or smartphone for online
transactions as its function is identical to a credit and debit card. The terms e-wallet, digital
wallet, mobile payment and other related terms are used interchangeably by customers and
sellers as its function is identical to a credit and debit card. The e-wallet trend has been on the
rise and many governments take the initiative by encouraging the establishment of a cashless
society in their country.
However, e-wallet applications have created difficulties for people in Malaysia to fully
utilize the accessibility of e-wallet. One of the difficulties when using an e-wallet is fear of
cyber-attacks. This is one of the main reasons why customers are reluctant to use e-wallet as
contactless payments have huge risk and fraud, such as leaked data, hacking and e-wallet
vulnerabilities. The owners of these e-wallet systems guarantee the best security protection
software, but they cannot guarantee with 100% assurance that the data would not be stolen.
In fact, with this new application, people will have problems managing their finances
as there will be no control of spending habits. People will easily lose track of how much they
spend and might leave people with a lower balance at the end of the month. This means that
using an e-wallet might encourage us to spend too much to throw our budget into chaos. Hence,
instead of using e-wallet, we can use physical cash to stop and track our spending. In the end,
cash remains optimistic, safe, trustworthy and has a tangible sense of value.
Besides that, the difficulty that Malaysians had to face is that e-wallet is not feasible in
Malaysia's rural areas. The rural population is not very educated, and they cannot use either
computers or smartphones. People who live in the area are not involved in electronic payments,
because they are not aware of advances in technological developments. Thus, people in rural
areas may have no interest in using the e-wallet as in the form of payment when they are out to
shop.
3
PBL SESSION 1: REVENUE CYCLE
6
PBL SESSION 2: EXPENDITURE CYCLE
11
PBL SESSION 3: PAYROLL CYCLE
14
PBL SESSION 4: PRODUCTION CYCLE
PBL SESSION 5: GENERAL LEDGER AND REPORTING SYSTEMS 18
,PBL SESSION 1: REVENUE CYCLE
a. Prepare data flow diagram for the process above
, b. Quick and easy, e-wallet is one of the best 21st century inventions that allows people to
make payment in a single tick. However, under certain circumstances, the users might
have difficulties in using the application in Malaysia. Discuss.
E-wallet is one of the best 21st century inventions that allows payment to be made in
one click. It is a type of electronic card that is used through a computer or smartphone for online
transactions as its function is identical to a credit and debit card. The terms e-wallet, digital
wallet, mobile payment and other related terms are used interchangeably by customers and
sellers as its function is identical to a credit and debit card. The e-wallet trend has been on the
rise and many governments take the initiative by encouraging the establishment of a cashless
society in their country.
However, e-wallet applications have created difficulties for people in Malaysia to fully
utilize the accessibility of e-wallet. One of the difficulties when using an e-wallet is fear of
cyber-attacks. This is one of the main reasons why customers are reluctant to use e-wallet as
contactless payments have huge risk and fraud, such as leaked data, hacking and e-wallet
vulnerabilities. The owners of these e-wallet systems guarantee the best security protection
software, but they cannot guarantee with 100% assurance that the data would not be stolen.
In fact, with this new application, people will have problems managing their finances
as there will be no control of spending habits. People will easily lose track of how much they
spend and might leave people with a lower balance at the end of the month. This means that
using an e-wallet might encourage us to spend too much to throw our budget into chaos. Hence,
instead of using e-wallet, we can use physical cash to stop and track our spending. In the end,
cash remains optimistic, safe, trustworthy and has a tangible sense of value.
Besides that, the difficulty that Malaysians had to face is that e-wallet is not feasible in
Malaysia's rural areas. The rural population is not very educated, and they cannot use either
computers or smartphones. People who live in the area are not involved in electronic payments,
because they are not aware of advances in technological developments. Thus, people in rural
areas may have no interest in using the e-wallet as in the form of payment when they are out to
shop.
