Management accounting in the Malaysian public sector: Analysing the adoption of financial and risk analysis

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.

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Abstract

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

Item Type:	Article
Keyword:	Management accounting, public sector accounting, financial statement analysis, risk management, public sector accountants.
Subjects:	H Social Sciences > HF Commerce > HF1-6182 Commerce > HF5001-6182 Business > HF5601-5689 Accounting. Bookkeeping H Social Sciences > HJ Public Finance > HJ9-9940 Public finance
Department:	FACULTY > Faculty of Business, Economics and Accounting
Depositing User:	ABDULLAH BIN SABUDIN -
Date Deposited:	29 Apr 2024 10:47
Last Modified:	29 Apr 2024 10:47
URI:	https://eprints.ums.edu.my/id/eprint/38581

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