Challenges in accounting for heritage assets and the way forward: towards implementing accrual accounting in Malaysia

Improved reporting is a vital instrument to better discharge a government's accountability obligations, a trait crucial to a government’s integrity. The Federal Government of Malaysia’s announcement to shift from modified cash to accrual-based accounting can be seen as an effort to improve go...

Full description

Bibliographic Details
Main Authors:	Norida Basnan, Mohd Fairuz Md. Salleh, Azlina Ahmad, Azizah Mohd Harun, Ismail Upawi
Format:	Article
Language:	English
Published:	Faculty of Social Sciences and Humanities, UKM,Bangi 2015
Online Access:	http://journalarticle.ukm.my/9543/ http://journalarticle.ukm.my/9543/ http://journalarticle.ukm.my/9543/1/7x.geografia-okt15-norida-bi-edam.pdf

id	ukm-9543
recordtype	eprints
spelling	ukm-95432016-12-14T06:50:15Z http://journalarticle.ukm.my/9543/ Challenges in accounting for heritage assets and the way forward: towards implementing accrual accounting in Malaysia Norida Basnan, Mohd Fairuz Md. Salleh, Azlina Ahmad, Azizah Mohd Harun, Ismail Upawi, Improved reporting is a vital instrument to better discharge a government's accountability obligations, a trait crucial to a government’s integrity. The Federal Government of Malaysia’s announcement to shift from modified cash to accrual-based accounting can be seen as an effort to improve governmental reporting. This study examines the challenges facing the government in accounting for heritage assets with its shift to accrual accounting. Primary data were collected via interviews with representatives of one ministry and two relevant government departments. The study found that the major challenges in accounting for heritage assets were related to recognition and measurement as well as in the aspects of asset registry and staff competency. The findings and recommendations may assist the government in identifying specific measures to ensure the successful implementation of accrual-based accounting. Faculty of Social Sciences and Humanities, UKM,Bangi 2015-10 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/9543/1/7x.geografia-okt15-norida-bi-edam.pdf Norida Basnan, and Mohd Fairuz Md. Salleh, and Azlina Ahmad, and Azizah Mohd Harun, and Ismail Upawi, (2015) Challenges in accounting for heritage assets and the way forward: towards implementing accrual accounting in Malaysia. Geografia : Malaysian Journal of Society and Space, 11 (11). pp. 63-73. ISSN 2180-2491 http://www.ukm.my/geografia/v2/index.php?cont=a&item=2&thn=2015&vol=11&issue=11&ver=loc
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	Improved reporting is a vital instrument to better discharge a government's accountability obligations, a trait crucial to a government’s integrity. The Federal Government of Malaysia’s announcement to shift from modified cash to accrual-based accounting can be seen as an effort to improve governmental reporting. This study examines the challenges facing the government in accounting for heritage assets with its shift to accrual accounting. Primary data were collected via interviews with representatives of one ministry and two relevant government departments. The study found that the major challenges in accounting for heritage assets were related to recognition and measurement as well as in the aspects of asset registry and staff competency. The findings and recommendations may assist the government in identifying specific measures to ensure the successful implementation of accrual-based accounting.
format	Article
author	Norida Basnan, Mohd Fairuz Md. Salleh, Azlina Ahmad, Azizah Mohd Harun, Ismail Upawi,
spellingShingle	Norida Basnan, Mohd Fairuz Md. Salleh, Azlina Ahmad, Azizah Mohd Harun, Ismail Upawi, Challenges in accounting for heritage assets and the way forward: towards implementing accrual accounting in Malaysia
author_facet	Norida Basnan, Mohd Fairuz Md. Salleh, Azlina Ahmad, Azizah Mohd Harun, Ismail Upawi,
author_sort	Norida Basnan,
title	Challenges in accounting for heritage assets and the way forward: towards implementing accrual accounting in Malaysia
title_short	Challenges in accounting for heritage assets and the way forward: towards implementing accrual accounting in Malaysia
title_full	Challenges in accounting for heritage assets and the way forward: towards implementing accrual accounting in Malaysia
title_fullStr	Challenges in accounting for heritage assets and the way forward: towards implementing accrual accounting in Malaysia
title_full_unstemmed	Challenges in accounting for heritage assets and the way forward: towards implementing accrual accounting in Malaysia
title_sort	challenges in accounting for heritage assets and the way forward: towards implementing accrual accounting in malaysia
publisher	Faculty of Social Sciences and Humanities, UKM,Bangi
publishDate	2015
url	http://journalarticle.ukm.my/9543/ http://journalarticle.ukm.my/9543/ http://journalarticle.ukm.my/9543/1/7x.geografia-okt15-norida-bi-edam.pdf
first_indexed	2023-09-18T19:55:09Z
last_indexed	2023-09-18T19:55:09Z
_version_	1777406479968501760

Challenges in accounting for heritage assets and the way forward: towards implementing accrual accounting in Malaysia

Similar Items