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Successful organisations worldwide use management
accounting to create value that leads to excellent
business performance. Management accounting with its
emphasis on strategic decision making and
performance management offers invaluable tools and
concepts towards attainment of global
competitiveness.
Towards this end, the Malaysian Institute of
Accountants (MIA) and The Chartered Institute of
Management Accountants (CIMA), Malaysia Division
have jointly initiated the National Award for
Management Accounting (NAfMA). The objectives of
NAfMA are to recognize organisations adopting best
practice in management accounting and creating value
that leads to business excellence; and to promote
the application of management accounting techniques
and systems within organisations in Malaysia in the
pursuit of world-class business performance.
NAfMA is a step towards answering the nation’s call
for corporate excellence and good corporate
governance. It is through the spirit of sharing best
management accounting practices within the
professional and business community that will enable
us to move together in tandem towards world class
recognition and stature.
In the international arena, NAfMA received an
international accolade when it won the Xerox
Innovation Award in the Invention, Innovation and
New Product Exposition (INPEX 2005) on 11 June 2005
in Pittsburgh, USA. In the local scene, NAfMA won
the UiTM Inventions, Innovations and Designs Gold
Award 2004.
NAfMA was officially launched by the MIA President,
YBhg Datuk Abdul Samad Haji Alias (Dr), and the CIMA
President, Mrs Claire Ighodaro FCMA, on 13 April
2004 in conjunction with the CIMA Management
Accounting Conference (CMAC 2004) in Kuala Lumpur.
The event was witnessed by the First Deputy Finance
Minister, YB Dato’ Dr Ng Yen Yen and Mr Bill Connell
FCMA, Chairman of the Professional Accountants in
Business Committee of the International Federation
of Accountants (IFAC).
The inaugural NAfMA award presentation ceremony was
graced by the Minister of International Trade and
Industry, YB Dato’ Seri Rafidah Aziz on 8 December
2004 in Kuala Lumpur.
NAfMA 2005 was officially launched by the Deputy
Minister of International Trade and Industry, YB
Dato’ Mah Siew Keong on 12 May 2005 in Kuala Lumpur.
The CIMA-UiTM Asian Management Accounting Research
Centre (AMARC) and National Productivity Corporation
(NPC) are our working partners sharing their
expertise to make NAfMA a success. Our supporters
include the Accountant General’s Department of
Malaysia, Bursa Malaysia Berhad, British Malaysian
Chamber of Commerce, Federation of Malaysian
Manufacturers, Malaysian International Chamber of
Commerce and Industry and SMI Association of
Malaysia. |
