Management Accounting Practices Among Bumiputra Furniture Manufacturing Small And Medium Enterprises

Abstract

The study examines the Management Accounting Practices (MAPs) among the Bumiputra Small and Medium Enterprises (SMEs). Specifically, this study examines five management accounting practices namely, costing system, budgeting system, performance evaluation system, decision support system and strategic management system in the furniture manufacturing enterprises. The respondents for the study are the Bumiputra Small and Medium enterprises that have registered with Malaysia Timber Industry Board (MTIB). The data was analysed by using descriptive and bivariate analysis. This study shows that there are some negative perceptions on the use of MAPs among the Bumiputra SMEs. Therefore, there is a need to provide more exposure on the application of MAPS to the Bumiputra SMEs. This can be done through training and couching for the Bumiputra SMEs in order to increase their knowledge on MAPs and subsequently, use this tool as one of the strategic management tools to increase their competitive advantage in the furniture industry market locally and internationally.