Management Accounting Best Practices Award for Improving Corruption in Public Sector Agencies

摘要

Management accounting best practices are important on critical success factors in ensuring organizational survival and competitiveness, provide relevant financial and non-financial information at different levels to make informed decisions. Private sector organizations continue to apply more sophisticated management accounting technologies to support their complex structures and activities. Such practices have been regarded as mediums for enabling organizations to create long-term value emerging from excellent organizational performance. Numerous claims alleging that management accounting had somewhat lost its relevance as it failed to provide adequate support to managers who faced intense challenges within competitive world's economy which was characterized by globalization and rapid technological advancement. In essence, management accounting can be considered as "governance at source" that supports organizations through the provision of accounting information. This proposal aims to develop measures for Management Accounting Best Practices Award for Public Sector Organizations in improving Malaysia's CPI. Both quantitative and qualitative methods were used in data collections. Whilst showcasing management accounting excellence has been an important agenda, we believe that management accounting is also needed by public sector organizations, especially with the rising concerns on "poor" public service deliveries and "unfavorable" rating of the Corruption Perception Index (CPI). CPI is used to measure the transparency, accountability, and integrity, in view of these, the introduction of the Management Accounting Award for Public Sector Organizations is a must. This proposal also involves modifying existing measures used by National Award for Management Accounting (NAfMA) Best Practices for Private Sector Organizations on 2004, to stimulate effective and efficient decision making processes to suit public sector organizations' contexts. A proposed new framework should reflect the following as preliminary measures: leadership, management accounting information, resource management, community and customer focus, stakeholder partnership management, performance management and service delivery outcomes. The management accounting measures used to propose Award should promote mainly on transparency, accountability, and integrity among Public Sector Organizations.