Assessment Criteria

The areas of assessment include the following:

Leadership
Leadership describes the top management's commitment and responsibility in driving the organisation towards its vision and strategic goals. This section focuses on management support for the management accounting applications in the organisation.

Management Accounting Information
This section describes the strategic functions of management accounting in the formulation and implementation of organisational objectives. Effective management accounting information focuses on accessibility, reliability and timeliness of the information.

Resource Management
Resource Management focuses on the overall career development for accounting personnel within the organisation. Specifically, it addresses issues on career opportunity, training, recognition, incentives and other continuous improvements.

Customer / Market Focus
This section highlights the steps taken by the organisation in establishing its market niche and in fulfilling customers' needs and satisfaction. Strategically, it addresses techniques used to meet market demand.

Partnership Management
Partnership Management refers to the organisation's strategic approaches in managing relationships with its various stakeholders (e.g. Government, suppliers, customers, employees and the community at large) in achieving a win-win situation.

Value Creation
Value Creation focuses on the deliberate steps taken by top management as well as other personnel in promoting value added activities. The outcome is overall value enhancement for the company (financially or otherwise). Value Creation is the fourth stage of IFAC Management Accounting Evolution.

Business Results (Performance Measurement)
This section summarises the application of the various management accounting techniques to improve business results.

Corporate Social Responsibility
Corporate Social Responsibility is practised by many organisations and due recognition will be given. Items covered in this section include attributes such as environmental commitment including environment management accounting, community services and the like.

Assessment Process

The assessment process consists of 3 stages:
 

i)	Preliminary Assessment
ii)	Detailed Assessment
iii)	Site Visits (if required)

i)	Preliminary Assessment All completed applications will undergo the Preliminary Assessment process to ensure compliance with the Entry Requirements. An applicant will qualify for the next stage if the Entry Requirements have been fulfilled.
ii)	Detailed Assessment Assessors will be assigned by the Assessment Committee to review information submitted by the applicant in the format prescribed in the NAfMA Submission Report. The Assessors will review each submission on its own merit based on the 8 assessment criteria.
iii)	Site Visits The Assessors may conduct site visits to the selected applicants' premises to obtain confirmation and clarification on information submitted.

Panel of Assessors
The Panel of Assessors consists of persons who have been selected based on their qualifications and relevant experience in the management accounting areas.

The Panel of Assessors is divided into groups of two to three assessors who will carry out the assessment process under the supervision of the Assessment Committee.

The duties of the Panel of Assessors are:

i)	To evaluate the submissions made by the applicant against the NAfMA Assessment Criteria.
ii)	To conduct site visits to selected companies to obtain confirmation and clarification on the information submitted.
iii)	To recommend winners to the Panel of Judges.