TY  - JOUR
T1  - A Case Study on Accounting for Heritage Assets
AU - Ahmad, Halimah Nasibah AU - Saad, Natrah AU - Hassan, Nor Laili AU - Ismail, Mohamad Sharofi Hj AU - Saleh, Md Suhaimi Md 
JO  - The Social Sciences
VL  - 11
IS  - 30
SP  - 7263
EP  - 7267
PY  - 2016
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2016.7263.7267
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2016.7263.7267
KW  - Heritage assets
KW  -accrual-based accounting
KW  -public sector
KW  -museum
KW  -approach
AB  - Malaysian Public Sector Accounting Standards (MPSAS) are introduced in tandem with the
implementation of accrual-based accounting in the public sector setting. The aim is to improve the efficiency
of financial management and accounting practices of the Malaysian Government. Based upon a case study of
a large museum in Malaysia this study aims to examine the current accounting practices of heritage assets in
order to reveal the gap between the current practice and the possibility of compliance with accrual based
accounting. A museum was selected as museums are the government agencies that are directly involved in
managing heritage assets. Qualitative approach involving interviews, observations and documentation review
were used to gather the data. The findings shows that the museum is in the process of preparing for the full
implementation of the accrual-based accounting. The findings of this study do not only contribute to the
existing literature on accounting for heritage assets in Malaysia but also to shed lights on loopholes in the
current accounting practices.
ER  -