Staff View: Heritage assets in Malaysia: perspectives of Malaysian government agencies / Mohamad Hafiz Rosli … [et al.]

Heritage assets in Malaysia: perspectives of Malaysian government agencies / Mohamad Hafiz Rosli … [et al.]

The accounting of heritage assets (HA) has become an important discussion topic consistent with the implementation of the Malaysian Public Sector Accounting Standards (MPSAS). Among the issues were recognition, measurement as well as the information needed to be disclosed. This study discovers how t...

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Main Authors:	Rosli, Mohamad Hafiz, Hasbolah, Farhana, Yahya, Nur Fauzana, Kamaluddin, Amrizah
Format:	Book Section
Language:	English
Published:	Faculty of Accountancy 2019
Subjects:	General works. Financial institutions Financial management. Business finance. Corporation finance Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
Online Access:	http://ir.uitm.edu.my/id/eprint/43866/1/43866.pdf http://ir.uitm.edu.my/id/eprint/43866/
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id	my.uitm.ir.43866
record_format	eprints
spelling	my.uitm.ir.438662021-04-05T02:47:15Z http://ir.uitm.edu.my/id/eprint/43866/ Heritage assets in Malaysia: perspectives of Malaysian government agencies / Mohamad Hafiz Rosli … [et al.] Rosli, Mohamad Hafiz Hasbolah, Farhana Yahya, Nur Fauzana Kamaluddin, Amrizah General works. Financial institutions Financial management. Business finance. Corporation finance Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure The accounting of heritage assets (HA) has become an important discussion topic consistent with the implementation of the Malaysian Public Sector Accounting Standards (MPSAS). Among the issues were recognition, measurement as well as the information needed to be disclosed. This study discovers how the government agencies respond to the accounting for HA particularly the valuation and disclosure aspect of it. This study adopted a semi-structured face to face interviews for data collection. Two government departments were identified as these departments have unique, special and rare assets as compared to other government departments. Their perspective towards accounting for HA reveals that they are ready for HA valuation and in the process to recognize and value their HA. On top of that, policymaker needs to provide clear accounting guidelines and strengthen the recognition and measurement process as well as the disclosure part of HA. Other factors such as lack of technical knowledge and understanding among the factors could be distorting the accounting process. The agencies perceived that recognizing HA and disclosing it is important for public knowledge and exposure towards the national valuable HA. The finding of this study contributes to the existing literature on HA and could be the guideline to the policymakers and preparers of public sector financial statements. Faculty of Accountancy 2019 Book Section PeerReviewed text en http://ir.uitm.edu.my/id/eprint/43866/1/43866.pdf Rosli, Mohamad Hafiz and Hasbolah, Farhana and Yahya, Nur Fauzana and Kamaluddin, Amrizah (2019) Heritage assets in Malaysia: perspectives of Malaysian government agencies / Mohamad Hafiz Rosli … [et al.]. In: ICAM2019 – International Conference on Accounting and Management. Faculty of Accountancy, Universiti Teknologi MARA Puncak Alam, Selangor, p. 72. ISBN 978-967-17038-0-9
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	General works. Financial institutions Financial management. Business finance. Corporation finance Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
spellingShingle	General works. Financial institutions Financial management. Business finance. Corporation finance Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure Rosli, Mohamad Hafiz Hasbolah, Farhana Yahya, Nur Fauzana Kamaluddin, Amrizah Heritage assets in Malaysia: perspectives of Malaysian government agencies / Mohamad Hafiz Rosli … [et al.]
description	The accounting of heritage assets (HA) has become an important discussion topic consistent with the implementation of the Malaysian Public Sector Accounting Standards (MPSAS). Among the issues were recognition, measurement as well as the information needed to be disclosed. This study discovers how the government agencies respond to the accounting for HA particularly the valuation and disclosure aspect of it. This study adopted a semi-structured face to face interviews for data collection. Two government departments were identified as these departments have unique, special and rare assets as compared to other government departments. Their perspective towards accounting for HA reveals that they are ready for HA valuation and in the process to recognize and value their HA. On top of that, policymaker needs to provide clear accounting guidelines and strengthen the recognition and measurement process as well as the disclosure part of HA. Other factors such as lack of technical knowledge and understanding among the factors could be distorting the accounting process. The agencies perceived that recognizing HA and disclosing it is important for public knowledge and exposure towards the national valuable HA. The finding of this study contributes to the existing literature on HA and could be the guideline to the policymakers and preparers of public sector financial statements.
format	Book Section
author	Rosli, Mohamad Hafiz Hasbolah, Farhana Yahya, Nur Fauzana Kamaluddin, Amrizah
author_facet	Rosli, Mohamad Hafiz Hasbolah, Farhana Yahya, Nur Fauzana Kamaluddin, Amrizah
author_sort	Rosli, Mohamad Hafiz
title	Heritage assets in Malaysia: perspectives of Malaysian government agencies / Mohamad Hafiz Rosli … [et al.]
title_short	Heritage assets in Malaysia: perspectives of Malaysian government agencies / Mohamad Hafiz Rosli … [et al.]
title_full	Heritage assets in Malaysia: perspectives of Malaysian government agencies / Mohamad Hafiz Rosli … [et al.]
title_fullStr	Heritage assets in Malaysia: perspectives of Malaysian government agencies / Mohamad Hafiz Rosli … [et al.]
title_full_unstemmed	Heritage assets in Malaysia: perspectives of Malaysian government agencies / Mohamad Hafiz Rosli … [et al.]
title_sort	heritage assets in malaysia: perspectives of malaysian government agencies / mohamad hafiz rosli … [et al.]
publisher	Faculty of Accountancy
publishDate	2019
url	http://ir.uitm.edu.my/id/eprint/43866/1/43866.pdf http://ir.uitm.edu.my/id/eprint/43866/
_version_	1696979079874478080
score	13.211869

Heritage assets in Malaysia: perspectives of Malaysian government agencies / Mohamad Hafiz Rosli … [et al.]

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