The adoption and success of contemporary management accounting practices in the Malaysian co-operatives sector

Sharul Effendy Janudin

Abstract

Co-operatives in Malaysia have crucial roles in developing business systems, and making it possible for the country to join the global co-operatives society and sophisticated economies. Therefore, top management in Malaysian Co-operatives are aggressively designing and executing their strategic plan through management accounting practices. The purpose of this research is to examine the association between the contemporary management accounting practices and managerial performance in the Malaysian’ co-operative sector. An empirical survey via questionnaires conducted on a sample of 100 leading co-operatives in Malaysia and management team of each co-operatives were the respondents. Descriptive statistics on the adoption level and its relationship with the managerial performance has been analysed. The finding indicates the level of contemporary management accounting practices is high and there is significant relationship between contemporary management accounting practices and management performance among Malaysian Co-operatives. Perceived environmental uncertainty and organizational structure also have significant relationship with management performance.

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