e-journal

Management accounting systems in Islamic and conventional financial institutions in Malaysia

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Purpose – The purpose of this paper is to explore whether there is any difference in the management
accounting systems (MAS) of conventional and Islamic Financial Institutions (IFIs) in Malaysia.
Design/methodology/approach – The paper was based on a survey of 45 conventional and IFIs
listed on the Malaysian Central Bank’s web site. The respondents were the chief financial officers
(CFO). Post-survey semi-structured interviews were also conducted with eight respondents to gain
further insights into the survey findings.
Findings – The survey results indicate that IFIs use MAS information that is broader in scope, more
timely, more integrated and more aggregated than conventional financial institutions. The post-survey
interviews provide deeper and contextualised insights into this issue. The interview findings illustrate
that IFIs normally develop and adopt an integrated accounting and enterprise system. Within this
comprehensive enterprise system, the management accounting function is integrated with other
functions of the organization.
Research limitations/implications – Since this study was conducted in the context of Malaysian
financial institutions, the results may not be generalizable to other organizations. The findings of this
study highlight the importance for IFIs to have integrated enterprise systems. Besides assisting in
complying with Shari’ah and regulatory requirements, the integrated systems also support better
decision making.
Originality/value – The paper fills a gap in the literature, as very few studies have examined the
issue of management accounting in financial institutions. The paper is also one of the limited studies
that explore the issue of MAS in IFIs.

Keywords Malaysia, Islam, Financial institutions, Accounting systems,Management accounting systems, Shari’ah

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Ketersediaan

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Informasi Detail

Judul Seri

Journal of Islamic Accounting and Business Research

No. Panggil

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Penerbit

: Emerald Group., 2011

Deskripsi Fisik

Journal of Islamic Accounting and Business Research Vol. 2 No. 2, 2011 pp. 153-176

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

AKUNTANSI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

Lampiran Berkas

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