Management accounting systems,enterprise risk management and organizational performance: the case of financial institutions in Malaysia

In the latest development where organization functions are integrated with one another, management accounting systems (MAS), which function to provide information for decision making, should play an important role in risk management. Moreover, with the implementation of enterprise risk management...

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Main Authors:	Abdul Rasid, Siti Zaleha, Abdul Rahman, Abdul Rahim
Format:	Conference or Workshop Item
Language:	English
Published:	2009
Subjects:	HB Economic Theory HF5001 Business. Business Administration
Online Access:	http://irep.iium.edu.my/14589/ http://irep.iium.edu.my/14589/ http://irep.iium.edu.my/14589/1/Management_Accounting_Systems%2C_Enterprise_Risk_Management_And.pdf

id	iium-14589
recordtype	eprints
spelling	iium-145892012-05-02T03:37:15Z http://irep.iium.edu.my/14589/ Management accounting systems,enterprise risk management and organizational performance: the case of financial institutions in Malaysia Abdul Rasid, Siti Zaleha Abdul Rahman, Abdul Rahim HB Economic Theory HF5001 Business. Business Administration In the latest development where organization functions are integrated with one another, management accounting systems (MAS), which function to provide information for decision making, should play an important role in risk management. Moreover, with the implementation of enterprise risk management (ERM), where risks are to be aggregated across different types of risk and across business units to obtain enterprise-wide risk situations, financial institutions are integrating their business lines performance management with risk management. Hence, management accounting systems which are crucial for control and performance management will be closely linked to risk management. The aim of this study is to explore the linkages between MAS, ERM and organizational performance by examining the MAS information characteristics that match the ERM implementation and the joint effects of MAS and ERM on organizational performance. The research method involved administering a questionnaire to 106 financial institutions listed on the Malaysian Central Banks website and the respondents are the chief financial officer (CFO) or the most senior positions in the finance department of the institutions. 16 post-survey semi-structured interviews were conducted with selected respondents. The findings from the survey and the post-survey interviews show that MAS and risk management complement each other. However, there was not enough evidence to fully support the role of risk management in enhancing the relationship between MAS and organizational performance. The post-survey interviews provide some insights into this issue. 2009 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/14589/1/Management_Accounting_Systems%2C_Enterprise_Risk_Management_And.pdf Abdul Rasid, Siti Zaleha and Abdul Rahman, Abdul Rahim (2009) Management accounting systems,enterprise risk management and organizational performance: the case of financial institutions in Malaysia. In: International Management Accounting Conference 5, 19-21 October, 2009, Cititel Mid Valley, Kuala Lumpur. http://www.ukm.my/fep/imac/proceedingIMACV.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB Economic Theory HF5001 Business. Business Administration
spellingShingle	HB Economic Theory HF5001 Business. Business Administration Abdul Rasid, Siti Zaleha Abdul Rahman, Abdul Rahim Management accounting systems,enterprise risk management and organizational performance: the case of financial institutions in Malaysia
description	In the latest development where organization functions are integrated with one another, management accounting systems (MAS), which function to provide information for decision making, should play an important role in risk management. Moreover, with the implementation of enterprise risk management (ERM), where risks are to be aggregated across different types of risk and across business units to obtain enterprise-wide risk situations, financial institutions are integrating their business lines performance management with risk management. Hence, management accounting systems which are crucial for control and performance management will be closely linked to risk management. The aim of this study is to explore the linkages between MAS, ERM and organizational performance by examining the MAS information characteristics that match the ERM implementation and the joint effects of MAS and ERM on organizational performance. The research method involved administering a questionnaire to 106 financial institutions listed on the Malaysian Central Banks website and the respondents are the chief financial officer (CFO) or the most senior positions in the finance department of the institutions. 16 post-survey semi-structured interviews were conducted with selected respondents. The findings from the survey and the post-survey interviews show that MAS and risk management complement each other. However, there was not enough evidence to fully support the role of risk management in enhancing the relationship between MAS and organizational performance. The post-survey interviews provide some insights into this issue.
format	Conference or Workshop Item
author	Abdul Rasid, Siti Zaleha Abdul Rahman, Abdul Rahim
author_facet	Abdul Rasid, Siti Zaleha Abdul Rahman, Abdul Rahim
author_sort	Abdul Rasid, Siti Zaleha
title	Management accounting systems,enterprise risk management and organizational performance: the case of financial institutions in Malaysia
title_short	Management accounting systems,enterprise risk management and organizational performance: the case of financial institutions in Malaysia
title_full	Management accounting systems,enterprise risk management and organizational performance: the case of financial institutions in Malaysia
title_fullStr	Management accounting systems,enterprise risk management and organizational performance: the case of financial institutions in Malaysia
title_full_unstemmed	Management accounting systems,enterprise risk management and organizational performance: the case of financial institutions in Malaysia
title_sort	management accounting systems,enterprise risk management and organizational performance: the case of financial institutions in malaysia
publishDate	2009
url	http://irep.iium.edu.my/14589/ http://irep.iium.edu.my/14589/ http://irep.iium.edu.my/14589/1/Management_Accounting_Systems%2C_Enterprise_Risk_Management_And.pdf
first_indexed	2023-09-18T20:23:46Z
last_indexed	2023-09-18T20:23:46Z
_version_	1777408279677239296

Management accounting systems,enterprise risk management and organizational performance: the case of financial institutions in Malaysia

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