TELEKOM MALAYSIA BERHAD WINS EXCELLENCE AWARD IN MANAGEMENT ACCOUNTING

Telekom Malaysia Berhad emerged as the Excellence Award winner of the National Award for Management Accounting (NAfMA) 2007, beating nine other finalists. YB Dato’ Shahrir Abdul Samad, Chairman of the Public Accounts Committee, presented the NAfMA awards at a grand dinner ceremony in Kuala Lumpur on 13 December 2007.

Also during the ceremony, six other companies received two different types of award – Best Practice Award and Practice Solution Award – under the three categories of public listed companies, non-listed companies and non-listed. Tenaga Nasional Berhad won the Best Practice Award in the public listed category while Bank Kerjasama Rakyat Malaysia Berhad won in the non-listed category. MM Vitaoils Sdn Bhd won the Best Practice Award in the SME category.

The Practice Solution Award was won by Sime Darby Property (previously known as Sime UEP Properties Berhad) in the public listed category while Faber Medi-Serve Sdn Bhd won in the non-listed category. Under the non-listed SME category, the winner was KEU Control Engineering Sdn Bhd.

Certificates of Merit were presented to Bukit Mertajam Specialist Hospital, Johor Specialist Hospital Sdn Bhd and LPI Capital Berhad for their commendable management accounting practices.

The NAfMA awards recognise best practices in management accounting by companies in Malaysia that lead to value creation and excellent business performance. The NAfMA awards also aim to promote the application of management accounting techniques and systems within organisations in Malaysia.

The NAfMA winners were assessed on eight criteria – leadership, management accounting information, resource management, customer / market focus, partnership management, value creation, business results and corporate social responsibility. These eight criteria are based on the management accounting concepts of the International Federation of Accountants (IFAC).

The awarding bodies for NAfMA are the Malaysian Institute of Accountants (MIA) and CIMA (The Chartered Institute of Management Accountants) Malaysia Division. The working partners are CIMA-UiTM Asian Management Accounting Research Centre (AMARC) and National Productivity Corporation (NPC).

NAfMA 2007 is supported by the Accountant General's Department of Malaysia, Bursa Malaysia, Federation of Malaysian Manufacturers, British Malaysian Chamber of Commerce, the Malaysian International Chamber of Commerce and Industry and SMI Association of Malaysia. Public Bank Berhad is the main sponsor for NAfMA while Malaysian Business is the Official Business Magazine.
 

YB Dato’ Shahrir bin Abdul Samad, Chairman of the Public Accounts Committee, presenting the NAfMA Excellence Trophy to Y Bhg Dato' Abdul Wahid Omar, Group CEO of Telekom Malaysia Berhad. Looking on is Mr Michael Eow, President, CIMA Malaysia Division and Mr B Chandra Mohan, Chairman, NAfMA Assessment Committee.

NAfMA 2007 Award Winners and Finalists posing with YB Dato' Shahrir bin Abdul Samad, the Guest of Honour at the NAfMA 2007 Award Presentation and Dinner.