Wednesday, December 7, 2011

Financial Management for NPOs

In our effort to enhance our international collaboration, two Accounting Research Institute (ARI)researchers met up with CPA Australia Senior Policy Adviser Dr Mark Shying at the CPA Australia office in Kuala Lumpur. The meeting was essentially to discuss the possibility of adapting or benchmarking Dr Shying's framework on "Financial Planning & Management for Non Profit Organizations" for emerging economies in this region. Dr Shying developed the financial planning framework for CPA Australia and it was adopted successfully by the state of Victoria. As the two ARI researchers: Prof Dr Normah Omar and Associate Professor Dr Roshayani Arshad are currently undertaking a research project involving NPOs in Malaysia, Dr Shying's framework would certainly be handy to be adapted by the group.

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