Proceedings of the 2013 International Conference on Advanced Computer Science and Electronics Information (ICACSEI 2013)

The Presentation Formats of Malaysian Local Authorities’ Financial Statements

Authors
Nafsiah Mohamed, Mohd Hairy Mohd Yusof, Rozaiha Ab Majid
Corresponding Author
Nafsiah Mohamed
Available Online August 2013.
DOI
https://doi.org/10.2991/icacsei.2013.110How to use a DOI?
Keywords
Local authorities, public sector accounting, financial reporting analysis, accounting transformation, Malaysia.
Abstract
Malaysian local authorities play a crucial role in providing services to the community. However, the performance of local authorities has been subjected to various criticisms which include poor services rendered to the locals and the inefficiency of local authorities’ management1. Malaysia is experiencing rapid development with a vision of becoming a fully developed nation by 2020. In order to achieve this, an efficient financial management system is required in all government agencies including the local authorities. The efficiency depends on the effectiveness of the financial management and the quality and reliability of the financial reports prepared. A study was carried out to compare the formats of financial statements formats adopted from 2004 to 2008. 75 local authorities (out of 96 local authorities in West Malaysia) responded by sending their audited financial statements. The trend analysis revealed that the local authorities were not consistent in the formats adopted.
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Proceedings
2013 International Conference on Advanced Computer Science and Electronics Information (ICACSEI 2013)
Part of series
Advances in Intelligent Systems Research
Publication Date
August 2013
ISBN
978-90-78677-74-1
ISSN
1951-6851
DOI
https://doi.org/10.2991/icacsei.2013.110How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Nafsiah Mohamed
AU  - Mohd Hairy Mohd Yusof
AU  - Rozaiha Ab Majid
PY  - 2013/08
DA  - 2013/08
TI  - The Presentation Formats of Malaysian Local Authorities’ Financial Statements
BT  - 2013 International Conference on Advanced Computer Science and Electronics Information (ICACSEI 2013)
PB  - Atlantis Press
SN  - 1951-6851
UR  - https://doi.org/10.2991/icacsei.2013.110
DO  - https://doi.org/10.2991/icacsei.2013.110
ID  - Mohamed2013/08
ER  -