Proceedings of the 1st International Conference on Applied Social Sciences, Business, and Humanity, ICo-ASCNITY, 2 November 2019, Padang, West Sumatra, Indonesia

Research Article

Implementation of Accrual Accounting : Evidence from Public Sector Accounting Department officers in Malaysia

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  • @INPROCEEDINGS{10.4108/eai.1-11-2019.2293993,
        author={Nor Aishah Mohd Ali and Zaharah  Abdullah and Rozaiha Ab Majid and Siti Aisyah Basri and Siti Fatimah Noor Minhad},
        title={Implementation of Accrual Accounting : Evidence from Public Sector Accounting Department officers in Malaysia},
        proceedings={Proceedings of the 1st International Conference on Applied Social Sciences, Business, and Humanity, ICo-ASCNITY, 2 November 2019, Padang, West Sumatra, Indonesia},
        publisher={EAI},
        proceedings_a={ICO-ASCNITY},
        year={2020},
        month={4},
        keywords={public sector understanding accrual accounting},
        doi={10.4108/eai.1-11-2019.2293993}
    }
    
  • Nor Aishah Mohd Ali
    Zaharah Abdullah
    Rozaiha Ab Majid
    Siti Aisyah Basri
    Siti Fatimah Noor Minhad
    Year: 2020
    Implementation of Accrual Accounting : Evidence from Public Sector Accounting Department officers in Malaysia
    ICO-ASCNITY
    EAI
    DOI: 10.4108/eai.1-11-2019.2293993
Nor Aishah Mohd Ali1,*, Zaharah Abdullah1, Rozaiha Ab Majid1, Siti Aisyah Basri1, Siti Fatimah Noor Minhad1
  • 1: Faculty of Accountancy, Universiti Teknologi MARA Melaka campus, Malaysia
*Contact email: aishah72@uitm.edu.my

Abstract

Understanding accounting standard in crucial for those bestowed with responsibility to record and prepare the required accounts and financial statements. Whilst the accountability to prepare those accounts and financial statement lies on the management, this task is responsibled to the accounts department of the organization. The importance of recording and reporting is equally crucial to the public sector as well as the private sector if not more. As the government agencies entities are subject to the public scrunity even though their performance if not measured by increase in the net profit, however, the way they manage the public fund is of prime concern. The Malaysian public sector agencies is in the transition of changing from cash accounting to accrual accounting in their recording and reporting of their accounts. A preliminary study has been performed to postulate the understanding of the accounting officers of the new method. To achieve the objective of the study, a questionnaire was distributed to the account staffs of local government agencies within the state of Melaka. A total of 131 questionaires were gathered from 16 state government agencies. The findings shows mixed responses have been received from the different level of positions for the change of the method as well as their understanding over the accrual accounting method.