The Shift from Cash to Accrual Budgeting in the Malaysian Public Sector
| Autor: | Wan Amalina Wan Abdullah, Wan Izyani Adilah Wan-Mohamad, Zaharah Salwati Baba, Mohd Hafiz Harun, Habsah Muda, Hashim Jusoh, Muhammad Takiyuddin Abdul Ghani |
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| Rok vydání: | 2021 |
| Zdroj: | IPN Journal of Research and Practice in Public Sector Accounting and Management. 11:103-125 |
| ISSN: | 2682-9347 2180-4508 |
| DOI: | 10.58458/ipnj.v11.01.06.0072 |
| Popis: | Purpose: This qualitative study mainly aims to examine the awareness of budget preparers on accrual-based budgeting in the Malaysian Public sector and their perception of its challenges. Specifically, the objectives of this paper are twofold. Firstly, to provide a critical review of the literature on the accrual-based budgeting. Secondly, to examine the awareness of budget preparers of the key concepts of accrual-based budgeting and its challenges to successfully implement accrual-based budgeting in Malaysia. Design/Methodology/Approach: This study employs face-to-face and semistructured interviews conducted with six (6) budget preparers who have been carefully identified and selected within the public sector in Malaysia. Findings: Our results indicate that there is a high level of awareness of accrual-based budgeting among budget preparers, but this is not the case with other employees who do not have hands-on practice in accounting. Our findings also reveal that knowledge and understanding, upper management enforcement and aggressive promotion is important in determining awareness of accrual budgeting. A further examination of implementation challenges reveals that understanding, cost increment, resistance to change, information and training are the main concerns in implementing accrual-based budgeting. Our results are very similar to studies in other countries. Practical Implications: This study sheds light on awareness of the concept of accrual-based budgeting among budget preparers in the Malaysian public sector and has certain implications pertaining to policy-making. Originality/Value: Our study is among the first to provide an in-depth analysis of accrual-based budgeting in the Malaysian setting. The findings of this study are expected to provide information to regulators and standard setters on the awareness and the implementation issue of accrual-based budgeting. Keywords: Accrual-based budgeting, public sector, qualitative, awareness, challenges |
| Databáze: | OpenAIRE |
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