Management accounting in the Malaysian public sector: Analysing the adoption of financial and risk analysis
Purpose: This paper aimed to analyse the introduction of financial analysis and risk management for internal decision-making in the Malaysian public sector and determine the limitations/ gaps as well as areas for improvement. Design/ Methodology/ Approach: The paper was based on the analysis of docu...
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Institut Perakaunan Negara
2023
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Online Access: | https://eprints.ums.edu.my/id/eprint/38581/1/ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/38581/2/FULL%20TEXT.pdf https://eprints.ums.edu.my/id/eprint/38581/ https://doi.org/10.58458/ipnj.v13.02.07.0098 |
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my.ums.eprints.385812024-04-29T02:47:22Z https://eprints.ums.edu.my/id/eprint/38581/ Management accounting in the Malaysian public sector: Analysing the adoption of financial and risk analysis A.K Siti Nabiha Noriza Mohd Jamal M. Rozaidy HF5601-5689 Accounting. Bookkeeping HJ9-9940 Public finance Purpose: This paper aimed to analyse the introduction of financial analysis and risk management for internal decision-making in the Malaysian public sector and determine the limitations/ gaps as well as areas for improvement. Design/ Methodology/ Approach: The paper was based on the analysis of documents, government circulars and guidelines pertaining to financial statement analysis and risk management, including interviews with officers at two ministries. Findings: Policy and guidelines were established for financial analysis and risk management in the Malaysian public sector. However, given the complexities and unique context of each ministry, there is a need for clearer and more context-specific guidelines regarding financial and risk analysis. It is also crucial that the conducted financial and risk analyses are relevant and meet the specific needs of public sector entities. The usefulness of information relies on a comprehensive understanding of the context and types of decision needed. Therefore, fostering collaboration and engagement between the management accountant unit and other key units within a ministry is crucial to conduct an effective financial and risk analysis. Originality/ Value: This study offered insights into the financial and risk analysis reporting framework and its implementation in the Malaysian public sector Institut Perakaunan Negara 2023 Article NonPeerReviewed text en https://eprints.ums.edu.my/id/eprint/38581/1/ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/38581/2/FULL%20TEXT.pdf A.K Siti Nabiha and Noriza Mohd Jamal and M. Rozaidy (2023) Management accounting in the Malaysian public sector: Analysing the adoption of financial and risk analysis. IPN Journal of Research and Practice in Public Sector Accounting and Management, 13 (2). pp. 1-14. https://doi.org/10.58458/ipnj.v13.02.07.0098 |
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HF5601-5689 Accounting. Bookkeeping HJ9-9940 Public finance A.K Siti Nabiha Noriza Mohd Jamal M. Rozaidy Management accounting in the Malaysian public sector: Analysing the adoption of financial and risk analysis |
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Purpose: This paper aimed to analyse the introduction of financial analysis and risk management for internal decision-making in the Malaysian public sector and determine the limitations/ gaps as well as areas for improvement. Design/ Methodology/ Approach: The paper was based on the analysis of documents, government circulars and guidelines pertaining to financial statement analysis and risk management, including interviews with officers at two ministries. Findings: Policy and guidelines were established for financial analysis and risk management in the Malaysian public sector. However, given the complexities and unique context of each ministry, there is a need for clearer and more context-specific guidelines regarding financial and risk analysis. It is also crucial that the conducted financial and risk analyses are relevant and meet the specific needs of public sector entities. The usefulness of information relies on a comprehensive understanding of the context and types of decision needed. Therefore, fostering collaboration and engagement between the management accountant unit and other key units within a ministry is crucial to conduct an effective financial and risk analysis. Originality/ Value: This study offered insights into the financial and risk analysis reporting framework and its implementation in the Malaysian public sector |
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Article |
author |
A.K Siti Nabiha Noriza Mohd Jamal M. Rozaidy |
author_facet |
A.K Siti Nabiha Noriza Mohd Jamal M. Rozaidy |
author_sort |
A.K Siti Nabiha |
title |
Management accounting in the Malaysian public sector: Analysing the adoption of financial and risk analysis |
title_short |
Management accounting in the Malaysian public sector: Analysing the adoption of financial and risk analysis |
title_full |
Management accounting in the Malaysian public sector: Analysing the adoption of financial and risk analysis |
title_fullStr |
Management accounting in the Malaysian public sector: Analysing the adoption of financial and risk analysis |
title_full_unstemmed |
Management accounting in the Malaysian public sector: Analysing the adoption of financial and risk analysis |
title_sort |
management accounting in the malaysian public sector: analysing the adoption of financial and risk analysis |
publisher |
Institut Perakaunan Negara |
publishDate |
2023 |
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https://eprints.ums.edu.my/id/eprint/38581/1/ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/38581/2/FULL%20TEXT.pdf https://eprints.ums.edu.my/id/eprint/38581/ https://doi.org/10.58458/ipnj.v13.02.07.0098 |
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13.160551 |