ISSN: 2222-6990
Open access
Analysis ratio is an important concept that students who study Business Finance need to capture when they enroll in the Diploma of Business Management program in vocational colleges. However, students are facing difficulties in calculating the ratios correctly which handicaps their understanding of the topic and consequently makes wrong decisions in determining a company’s performance. It has been identified that the reason for their struggles is the many ratio formulas that they need to remember. Therefore, researchers took the initiative to create the OME System to assist students to memorize financial ratio formulas and evaluate a company’s performance correctly. In terms of originality, the OME system is the first innovation in the vocational education setting for the Business Finance course. This study aims to describe the OME System and the perception of students and lecturers towards using the OME system in learning analysis ratios in business finance. Quantitative data were gathered from 80 students and 17 lecturers from nine vocational colleges located in the states of Penang, Pahang, and Negeri Sembilan, Malaysia by using a survey. The sampling technique used in this study was convenient sampling. The findings showed that the OME system could serve as instructional and learning materials for Business Finance educators and students in vocational colleges. Besides, the system helped strengthen the memorization of financial ratio formulas among lecturers and students. In addition, students were able to evaluate and make appropriate decisions on a company’s performance based on the application of the system accurately. On top of that, students could compare financial statements across timeframes and industry average ratios efficiently. The system is time-saving in determining financial ratios instead of calculating them manually. Further research will be taken into consideration to extend the potential of the OME system across business programs offered by vocational colleges in Malaysia.
Agyei, D. D., & Voogt, J. M. (2014). Pre-service mathematics teachers’ learning and teaching of activity-based lessons supported with spreadsheets. Technology, Pedagogy and Education, 25(1), 39-59. doi: 10.1080/1475939X.2014.928648
Alias, S. Z. M., Alavi, K., & Selamat, M. N. (2022). Effectiveness of training methods on technical education and vocational students: A systematic review. International Journal of Academic Research in Progressive Education and Development, 11(1), 545–558. doi: http://dx.doi.org/10.6007/IJARPED/v11-i1/12223
Almehrzi, M. (2022). Cloud computing based in knowledge management in higher education institutions: Benefit and risks. Lecture Notes in Networks and Systems, 360, 636-650. doi: 10.1007/978-3-030-89912-7_49
Bastos, S. M., Girardi, S., & Schvirck, E. (2022). Technology 4.0 in accounting: What future for education? Smart Innovation, Systems and Technologies, 256, 281–288. doi: 10.1007/978-981-16-5063-5_23
Creswell, J. W. (2015). Educational research: Planning, conducting, and evaluating quantitative and qualitative research (5th ed.). Boston, MA: Pearson.
Dania, A., Anakwe, B., & Ruf, B. (2019). Student preference for spreadsheet-based learning. Accounting and Finance Research, 8(3), 16-26. doi:10.5430/afr.v8n3p16
Ghani, J. A., & D'Mello, J. P. (1993). Spreadsheets in financial education: Balancing the challenges. Financial Practice & Education, 3(1), 65-71.
Haron, H. @ N., Masrom, M., Ya’acob, S., & Sabri, S. A. (2021). The challenges and constraints of online teaching and learning in the new normal environment. International Journal of Academic Research in Business and Social Sciences, 11(4), 1284–1295. doi: http://dx.doi.org/10.6007/IJARBSS/v11-i4/9825
Helal, M. S. A., Ahmed, I., & Bhuiyan, M. E. M. (2021). Impact of education management information system (EMIS) on teaching-learning development. International Journal of Academic Research in Progressive Education and Development, 10(2), 948–956. doi: http://dx.doi.org/10.6007/IJARPED/v10-i2/10443
Kadar, R., Wahab, N. A., Othman, J., Shamsuddin, M., & Mahlan, S. B. (2021). A study of difficulties in teaching and learning programming: A systematic literature review. International Journal of Academic Research in Progressive Education and Development, 10(3), 591–605. doi: http://dx.doi.org/10.6007/IJARPED/v10-i3/11100
Khoo, Y. Y., Yusof, R., & Zakariya, Z. (2020). A cybergogy model for promoting financial literacy among secondary school students. International Journal of Innovation, Creativity and Change, 14(8), 151-164, available at:
https://www.ijicc.net/images/Vol_14/Iss_8/14814_Yin_2020_E_R.pdf
Kivunja, C. (2015). Innovative methodologies for 21st century learning, teaching and assessment: A convenience sampling investigation into the use of social media technologies in higher education. International Journal of Higher Education, 4(2), 1-26. doi:10.5430/ijhe.v4n2p1
Mail, R., & Noordin, R. (2015). Penyelidikan peringkat sarjana: Pendekatan kualitatif sebagai alternatif. Universiti Malaysia Sabah: Penerbit Universiti Malaysia Sabah.
Malone, K. L., Schuchardt, A. M., & Schunn, C. D. (2018). Improving conceptual understanding and representation skills through Excel-based modeling. Journal of Science Education and Technology, 27(1), 30-44.
Mat, H., Mustakim, S. S., Arshad, M. M., & Razali, F. (2022). Exploring the implementation of teaching and learning using virtual learning among elementary school science teachers in Malaysia. International Journal of Academic Research in Progressive Education and Development, 11(1), 595–605. doi: http://dx.doi.org/10.6007/IJARPED/v11-i1/12118
Mezhennaya, N. M., & Pugachev, O. V. (2019). On perception of computer algebra systems and microsoft excel by engineering students. Problems of Education in the 21st Century, 77(3), 379-395. doi: 10.33225/pec/19.77.379
Osman, N. H. C. H. K. (2021). Teaching and learning by using online application during movement control order. International Journal of Academic Research in Business and Social Sciences, 10(2), 605-614. doi: http://dx.doi.org/10.6007/IJARPED/v10-i2/10143
Serra, R. M. A., Bikfalvi, A., Soler, J., & Poch, J. (2018). A generic tool for generating and assessing problems automatically using spreadsheets. International Journal of Emerging Technologies in Learning (iJET), 13(10), 23-41.
Ribeiro, S., Chorao, G., & Tavares, C. (2022). Translation fit for purpose: A digital collaborative experience using project-based learning. Smart Innovation, Systems and Technologies, 256, 777–788. doi: 10.1007/978-981-16-5063-5_63
Sekaran, U., & Bougie, R. (2010). Research methods for business: A skill building approach (5th ed.). New York, NY: John Wiley & Sons Ltd.
Thohir, M. A. (2018). Designing optical spreadsheets-technological pedagogical content knowledge simulation (S-TPACK): A case study of pre-service teachers course. TOJET: The Turkish Online Journal of Educational Technology, 17(1), 24-36.
Totanan, C., Indriasari, R., & Laupe, S. (2018). An effect of perceived usefulness and user's attitude to the intention of using the technology-based cost of production calculation system. Advances in Social Science, Education and Humanities Research, 231, 439-441. doi: 10.2991/amca-18.2018.121
Yin, K. Y., Yusof, R., & Abe, Y. (2022). Integrating financial literacy into economics courses through digital tools: The finlite app. Journal of International Education in Business. doi: 10.1108/JIEB-06-2021-0068
Yin, K. Y., Yusof, R., Lok, S. Y. P., & Zakariya, Z. (2018). The effects of collaborative mobile learning using edmodo among economics undergraduates. International Journal of Academic Research in Progressive Education and Development, 7(3), 40-47. doi: 10.6007/IJARPED/v7-i3/4283
Yusof, M. M. M., Alias, N. A., Luaran, J. @ E., & Jain, J. (2019). The integration of techno-pedagogical approach in teaching and learning among lecturers in public universities in Malaysia. International Journal of Academic Research in Business and Social Sciences, 9(13), 232–250. doi: http://dx.doi.org/10.6007/IJARBSS/v9-i13/6258
Zakaria, W. N. W., Abas, H., Masrom, M., Mohdali, R., & Mohamed, N. N. N. (2019). Mobile app for learning economics terminologies. International Journal of Academic Research in Business and Social Sciences, 9(10), 191–202. doi:
http://dx.doi.org/10.6007/IJARBSS/v9-i10/6477
In-Text Citation: (Oh et al., 2022)
To Cite this Article: Oh, Z. J., Kamar, M. H., Rahman, M., Ramli, S. K. A., Mohamad, S., and Chin, H. C. (2022). The Perception of Students and Lecturers towards Using The OME System in Learning Business Finance in Vocational Colleges, Malaysia. International Journal of Academic Research in Business and Social Sciences. 12(6), 459 – 472.
Copyright: © 2022 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode