Today we (NAfMA Second Visit Assessors) visited two more shortlisted companies namely Faber Medi Serve and Bank Islam Berhad.
Both companies underwent some form of a corporate Reengineering or corporate rationalization exercise and management accounting techniques have been showcased as playing a significant role in both companies. It is interesting to note that traditional management accounting techniques such as financial statement analysis, standard costing and budgetary control are still very much used in today's organisations.
Similarly, the usage of contemporary tools such as Balanced Scorecard, Lean Six Sigma and Risk Management have been adapted by companies to suit their own organizational environment. Another non-financial measure often cited by the participating companies is "talent management".
Both companies underwent some form of a corporate Reengineering or corporate rationalization exercise and management accounting techniques have been showcased as playing a significant role in both companies. It is interesting to note that traditional management accounting techniques such as financial statement analysis, standard costing and budgetary control are still very much used in today's organisations. 
Similarly, the usage of contemporary tools such as Balanced Scorecard, Lean Six Sigma and Risk Management have been adapted by companies to suit their own organizational environment. Another non-financial measure often cited by the participating companies is "talent management".
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