Managerial accountability

A review through orphanages' financial record practices

Research output: Contribution to journalArticle

Abstract

The most significant role of non-for-profit (NFP) is to alleviate or to provide remedy to discrepancies in the delivery of social benefits by the private or the public sector. Thus, the accountability rendered by particular management group has become a crucial element to all stakeholders, particularly the donors (contributors). The purpose of this study was to examine the practices of accounting record of a few orphanages located in the district of Hulu Langat, Selangor. Through systematic and proper accounting records, the orphanage management could prove its accountability and satisfy the custodial role. This study employed survey to the orphanage management which had been selected through convenience sampling technique. From the analysis, it was concluded that the orphanage management has maintained their book-keeping which comprises of a simple list of income and expenses. However, the reporting standard requires for improvement so as to increase its usefulness and to allow accurate judgement on donation decision-making. In addition, an improved financial record will lead to a higher level of custodianship of the entrusted resources.

Original languageEnglish
Pages (from-to)589-600
Number of pages12
JournalPertanika Journal of Social Science and Humanities
Volume20
Issue number3
Publication statusPublished - Sep 2012

Fingerprint

responsibility
management
social benefits
donation
remedies
public sector
profit
stakeholder
district
decision making
income
Accountability
Orphanage
resources
Group
Income
Stakeholders
Social benefits
Bookkeeping
Profit

Keywords

  • Accountability
  • Agency relationship
  • Ethics
  • Financial
  • Non-profit organization

ASJC Scopus subject areas

  • Arts and Humanities(all)
  • Business, Management and Accounting(all)
  • Economics, Econometrics and Finance(all)
  • Social Sciences(all)

Cite this

Managerial accountability : A review through orphanages' financial record practices. / Ishak, Suraiya.

In: Pertanika Journal of Social Science and Humanities, Vol. 20, No. 3, 09.2012, p. 589-600.

Research output: Contribution to journalArticle

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