NAfMA as a value creation tool: Malaysian scenario / Suzana Sulaiman, Normah Omar and Ibrahim Kamal Abdul Rahman

The National Award for the Management Accounting (NAfMA) Best Practice 2004 is the first of its kind in the Asian region. For a start, NAfMA 2004 is open to Malaysian Multi-national and Public-Listed Companies (PLC). As Malaysia strives to become fully industrialized, it is believed that embracing b...

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Main Authors:	Sulaiman, Suzana, Omar, Normah, Abdul Rahman, Ibrahim Kamal
Format:	Article
Language:	English
Published:	Accounting Research Institute (ARI) & Faculty of Accountancy 2005
Online Access:	http://ir.uitm.edu.my/id/eprint/295/ http://ir.uitm.edu.my/id/eprint/295/1/AJ_SUZANA%20SULAIMAN%20MAR%2005.pdf

id	uitm-295
recordtype	eprints
spelling	uitm-2952019-03-08T02:24:50Z http://ir.uitm.edu.my/id/eprint/295/ NAfMA as a value creation tool: Malaysian scenario / Suzana Sulaiman, Normah Omar and Ibrahim Kamal Abdul Rahman Sulaiman, Suzana Omar, Normah Abdul Rahman, Ibrahim Kamal The National Award for the Management Accounting (NAfMA) Best Practice 2004 is the first of its kind in the Asian region. For a start, NAfMA 2004 is open to Malaysian Multi-national and Public-Listed Companies (PLC). As Malaysia strives to become fully industrialized, it is believed that embracing best practices in management accounting will ensure that businesses are using the appropriate tools and techniques to achieve optimum business performance, resulting in value creation. Through the spirit of sharing best practices and benchmarking amongst with other organisations it will also enable companies in Malaysia to move towards world-class recognition. The NAfMA Best Practice is assessed on the basis of the management accounting best practice conceptual framework proposed by the International Federation of Accountants (IFAC). The participating companies were assessed on criteria, which include management accounting information, leadership, resource management, customer/market focus, partnership management, value creating, business results/performance measurement and corporate social responsibility. These criteria were finalized after numerous discussions between several parties involved. An independent panel of assessors made a second site visit to those short-listed companies. Recommendations resulting from a team of independent assessors were then put to the panel of judges before the recipients were decided. Accounting Research Institute (ARI) & Faculty of Accountancy 2005-07 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/295/1/AJ_SUZANA%20SULAIMAN%20MAR%2005.pdf Sulaiman, Suzana and Omar, Normah and Abdul Rahman, Ibrahim Kamal (2005) NAfMA as a value creation tool: Malaysian scenario / Suzana Sulaiman, Normah Omar and Ibrahim Kamal Abdul Rahman. Malaysian Accounting Review, 4 (1). pp. 117-134. ISSN 1675-4077
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
description	The National Award for the Management Accounting (NAfMA) Best Practice 2004 is the first of its kind in the Asian region. For a start, NAfMA 2004 is open to Malaysian Multi-national and Public-Listed Companies (PLC). As Malaysia strives to become fully industrialized, it is believed that embracing best practices in management accounting will ensure that businesses are using the appropriate tools and techniques to achieve optimum business performance, resulting in value creation. Through the spirit of sharing best practices and benchmarking amongst with other organisations it will also enable companies in Malaysia to move towards world-class recognition. The NAfMA Best Practice is assessed on the basis of the management accounting best practice conceptual framework proposed by the International Federation of Accountants (IFAC). The participating companies were assessed on criteria, which include management accounting information, leadership, resource management, customer/market focus, partnership management, value creating, business results/performance measurement and corporate social responsibility. These criteria were finalized after numerous discussions between several parties involved. An independent panel of assessors made a second site visit to those short-listed companies. Recommendations resulting from a team of independent assessors were then put to the panel of judges before the recipients were decided.
format	Article
author	Sulaiman, Suzana Omar, Normah Abdul Rahman, Ibrahim Kamal
spellingShingle	Sulaiman, Suzana Omar, Normah Abdul Rahman, Ibrahim Kamal NAfMA as a value creation tool: Malaysian scenario / Suzana Sulaiman, Normah Omar and Ibrahim Kamal Abdul Rahman
author_facet	Sulaiman, Suzana Omar, Normah Abdul Rahman, Ibrahim Kamal
author_sort	Sulaiman, Suzana
title	NAfMA as a value creation tool: Malaysian scenario / Suzana Sulaiman, Normah Omar and Ibrahim Kamal Abdul Rahman
title_short	NAfMA as a value creation tool: Malaysian scenario / Suzana Sulaiman, Normah Omar and Ibrahim Kamal Abdul Rahman
title_full	NAfMA as a value creation tool: Malaysian scenario / Suzana Sulaiman, Normah Omar and Ibrahim Kamal Abdul Rahman
title_fullStr	NAfMA as a value creation tool: Malaysian scenario / Suzana Sulaiman, Normah Omar and Ibrahim Kamal Abdul Rahman
title_full_unstemmed	NAfMA as a value creation tool: Malaysian scenario / Suzana Sulaiman, Normah Omar and Ibrahim Kamal Abdul Rahman
title_sort	nafma as a value creation tool: malaysian scenario / suzana sulaiman, normah omar and ibrahim kamal abdul rahman
publisher	Accounting Research Institute (ARI) & Faculty of Accountancy
publishDate	2005
url	http://ir.uitm.edu.my/id/eprint/295/ http://ir.uitm.edu.my/id/eprint/295/1/AJ_SUZANA%20SULAIMAN%20MAR%2005.pdf
first_indexed	2023-09-18T22:44:23Z
last_indexed	2023-09-18T22:44:23Z
_version_	1777417127254294528

NAfMA as a value creation tool: Malaysian scenario / Suzana Sulaiman, Normah Omar and Ibrahim Kamal Abdul Rahman

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