Title: Malaysian delicacy: the Story of Patin

Authors: Zaini Embong; Kamarul Baraini Keliwon; Yusasniza Mohd Yunus; Amizawati Mohd Amir

Addresses: Faculty of Economics and Management, Universiti Kebangsaan Malaysia 43600 UKM, 43600, Bangi, Selangor, Malaysia ' Faculty of Economics and Management, Universiti Kebangsaan Malaysia 43600 UKM, 43600, Bangi, Selangor, Malaysia ' Faculty of Economics and Management, Universiti Kebangsaan Malaysia 43600 UKM, 43600, Bangi, Selangor, Malaysia ' Faculty of Economics and Management, Universiti Kebangsaan Malaysia 43600 UKM, 43600, Bangi, Selangor, Malaysia

Abstract: The 'Story of Patin' is written based on a real situation of a fish farmer, Shah. The main objective is to help students to understand and apply the relevant accounting standards based on real-life situations. The case is based on Shah's difficulty in running his patin farm which is not making much profit despite being highly demanded. Improper record-keeping could be one of the contributing factors to the lack of adequate profitability. The case walks you through the process of determining revenue and expenses for the farm. The students are also required to identify assets and other costs related to the farm. Students' feedbacks reported that the case improved their understanding of the recognition and measurement of revenue, assets, and most importantly, accounting for agriculture.

Keywords: Patin fish; accounting standard; revenue; assets; accounting for agriculture; Malaysia; fish farming; accounting cycle; business cycle; expenses; accrual.

DOI: 10.1504/IJTCS.2022.122950

International Journal of Teaching and Case Studies, 2022 Vol.13 No.1, pp.15 - 32

Received: 24 Jun 2021
Accepted: 24 Dec 2021
Published online: 18 May 2022 *