Road to NAfMA 2009 Excellence

Today the assessors met for the second moderation meeting of NAfMA 2009. The competition is getting better year after year. The national award for management accounting (NAfMA) was introduced in 2004 and this is the 6th year competition. NAfMA competition is basically divided into five phases. In the first phase, interested companies from three categories - public listed, non-listed and SMEs submitted their self assessment questionnaire. If they obtain at least 70% of the allocated points, they will be invited to the next phase. Phase two invites qualified participants to submit a written report known as NAfMA Submission Report (NSR). Assessors review the NSR and shortlist companies that would be selected for the first NAfMA site visits. Phase Three involves the first site visit. The visit normally will take the whole day and participants are to make a presentation and assessors will review evidences. Once the visits are completed the first moderation meeting would be held. Another shortlisting exercise will be made and selected companies would be informed of a second site visit. The fourth phase is the second site visit and the visits would be reviewed by the same team of assessors. The second visit would be for half a day. Once the second visit assessment is completed a second moderation meeting is held to nominate companies who are potential winners in different categories of the award.
The final stage is the deliberation by the judges (who are key industry players) and they will decide on the winners. The whole process is very stringent. The penicle event is the award ceremony. This year it will be held on 8th December 2009 at the One World Hotel in Bandar Utama. Congratulations to all who participated or are involved with the NAfMA 2009 activities.