Financial Reporting Disclosure: Evidence from Malaysian Non Profit Organizations

British Journal of Economics, Finance and Management Sciences, Vol. 4, No. 2, 2012

15 Pages Posted: 16 Oct 2012

See all articles by Norli Ali

Norli Ali

Universiti Teknologi MARA (UiTM)

Jamaliah Said

Universiti Teknologi MARA (UiTM)

Normah Omar

Universiti Teknologi MARA (UiTM)

Rashidah Abdul Rahman

Universiti Teknologi MARA (UiTM) - Bureau of Research and Consultancy (BRC)

Radiah Othman

Massey University

Date Written: October 15, 2012

Abstract

This study examines the current state of financial reporting disclosure practices by 60 non-profit organisations that have registered under the Companies Commission of Malaysia (CCM). Subsequently, this study examined the factors influencing the non-profit organisations on their level of financial reporting disclosure. The results show that all non-profit organisations that submitted their annual reports for financial year ended 2010 prepared the Statement of Income and Expenditure, Balance Sheet and Cash Flow Statement although the level of financial reporting disclosure differs. The results also show that total revenues and total assets influencing the level of disclosure. Non-profits organization with high total assets and total revenue tends to disclosed more details items in the Income and Expenditure and Balance Sheet Account. This study provides initial understanding of the state of financial reporting practices that reflects the transparency and accountability practices among non-profit organisations in Malaysia.

Keywords: Financial terrorism, non-profit organisations, financial reporting disclosure, Malaysia

Suggested Citation

Ali, Norli and Said, Jamaliah and Omar, Normah and Rahman, Rashidah Abdul and Othman, Radiah, Financial Reporting Disclosure: Evidence from Malaysian Non Profit Organizations (October 15, 2012). British Journal of Economics, Finance and Management Sciences, Vol. 4, No. 2, 2012, Available at SSRN: https://ssrn.com/abstract=2162188

Norli Ali

Universiti Teknologi MARA (UiTM) ( email )

40450 Shah Alam
Johor
Dungun, Selangor 23000
Malaysia

Jamaliah Said

Universiti Teknologi MARA (UiTM) ( email )

Normah Omar

Universiti Teknologi MARA (UiTM) ( email )

Rashidah Abdul Rahman

Universiti Teknologi MARA (UiTM) - Bureau of Research and Consultancy (BRC) ( email )

40450 Shah Alam
Malaysia
+03 55442090 (Phone)

Radiah Othman (Contact Author)

Massey University ( email )

School of Accountancy
Palmerston North
New Zealand

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