publication . Article . 2016

The Accounting Practices of Heritage Assets

Nor Laili Hassan; Natrah Saad; Halimah Nasibah Ahmad; Md. Suhaimi Md. Salleh; Mohamad Sharofi Ismail;
Open Access
  • Published: 01 Aug 2016
  • Publisher: İlhan ÖZTÜRK
Accrual-based accounting is introduced to the government agencies with the intention to hold prudent fiscal management and improve the efficiency of financial management and accounting of the Malaysian Government. For that purpose, Malaysian Public Sector Accounting Standards (MPSAS) was introduced as a main reference in applying the accrual-based accounting. MPSAS 17 which deals with heritage assets, will take effect in 2017. The study intended to discover how do overseas’ museums report their heritage assets. By doing so, it is hoped that a benchmark can be set for the local museums. The study found that the museums abroad are also facing problems in deliverin...
free text keywords: Accrual accounting, Heritage assets, Government, accrual accounting, heritage assets, government, lcsh:Business, lcsh:HF5001-6182, lcsh:Economics as a science, lcsh:HB71-74
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