The accounting practices of heritage assets
Accrual-based accounting is introduced to the government agencies with the intention to hold prudent fiscal management and improve the efficiency of financial management and accounting of the Malaysian Government.For that purpose, Malaysian Public Sector Accounting Standards (MPSAS) was introduced a...
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2016
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my.uum.repo.208632017-02-07T03:03:06Z http://repo.uum.edu.my/20863/ The accounting practices of heritage assets Hassan, Nor Laili Saad, Natrah Ahmad, Halimah @ Nasibah Mohammed Salleh, Mohammed Suhaimi Ismail, Mohamad Sharofi HF5601 Accounting Accrual-based accounting is introduced to the government agencies with the intention to hold prudent fiscal management and improve the efficiency of financial management and accounting of the Malaysian Government.For that purpose, Malaysian Public Sector Accounting Standards (MPSAS) was introduced as a main reference in applying the accrual-based accounting.MPSAS 17 which deals with heritage assets, will take effect in 2017.The study intended to discover how do overseas’ museums report their heritage assets.By doing so, it is hoped that a benchmark can be set for the local museums.The study found that the museums abroad are also facing problems in delivering good accounting practices.In case of museums in Malaysia, these issues can be tackled through specific legal provisions, benchmarking and well-established Standard Operating Procedures (SOP) in assisting museums to improve their reporting practices at par with reputable museums in overseas. EconJournals 2016-05 Article PeerReviewed application/pdf en http://repo.uum.edu.my/20863/1/IJEFI%206%20S6%202016%2080%2083.pdf Hassan, Nor Laili and Saad, Natrah and Ahmad, Halimah @ Nasibah and Mohammed Salleh, Mohammed Suhaimi and Ismail, Mohamad Sharofi (2016) The accounting practices of heritage assets. International Journal of Economics and Financial Issues, 6 (S6). pp. 80-83. ISSN 2146-4138 http://www.econjournals.com/index.php/ijefi/article/view/3120 |
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HF5601 Accounting Hassan, Nor Laili Saad, Natrah Ahmad, Halimah @ Nasibah Mohammed Salleh, Mohammed Suhaimi Ismail, Mohamad Sharofi The accounting practices of heritage assets |
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Accrual-based accounting is introduced to the government agencies with the intention to hold prudent fiscal management and improve the efficiency of financial management and accounting of the Malaysian Government.For that purpose, Malaysian Public Sector Accounting Standards (MPSAS) was introduced as a main reference in applying the accrual-based accounting.MPSAS 17 which deals with heritage assets, will take effect in 2017.The study intended to discover how do overseas’ museums report their heritage assets.By doing so, it is hoped that a benchmark can be set for the local museums.The study found that the museums abroad are also facing problems in delivering good accounting practices.In case of museums in Malaysia, these issues can be tackled through specific legal provisions, benchmarking and well-established Standard Operating Procedures (SOP) in assisting museums to improve their reporting practices at par with reputable museums in overseas. |
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Article |
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Hassan, Nor Laili Saad, Natrah Ahmad, Halimah @ Nasibah Mohammed Salleh, Mohammed Suhaimi Ismail, Mohamad Sharofi |
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Hassan, Nor Laili Saad, Natrah Ahmad, Halimah @ Nasibah Mohammed Salleh, Mohammed Suhaimi Ismail, Mohamad Sharofi |
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Hassan, Nor Laili |
title |
The accounting practices of heritage assets |
title_short |
The accounting practices of heritage assets |
title_full |
The accounting practices of heritage assets |
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The accounting practices of heritage assets |
title_full_unstemmed |
The accounting practices of heritage assets |
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accounting practices of heritage assets |
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EconJournals |
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2016 |
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http://repo.uum.edu.my/20863/1/IJEFI%206%20S6%202016%2080%2083.pdf http://repo.uum.edu.my/20863/ http://www.econjournals.com/index.php/ijefi/article/view/3120 |
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