Impact of Financial Management System on Organizational Accountability and Responsibility: A Study of Corporate Entities

Authors

Nur Farhanah binti Marjuni, UTB School of Business, Universiti Teknologi Brunei, Jalan Tungku Link, Gadong, BE1410, Brunei DarussalamFollow
Junaid M. Shaikh, UTB School of Business Accounting, Universiti Teknologi Brunei, Jalan Tungku Link, Gadong, BE1410, Brunei DarussalamFollow

Abstract

This research investigates the impact of Financial Management Systems (FMS) on organizational accountability and responsibility in Brunei's manufacturing sector, utilizing a mixed-methods approach that includes primary data collected through questionnaires distributed to 41 local manufacturing companies and supplemented by secondary data from other ASEAN countries for comparative analysis. The primary focus is to assess the awareness and significance of efficient FMS implementation. Findings demonstrate a substantial influence of FMS on organizational accountability and responsibility, supported by an analysis of primary and secondary data from the ASEAN region. Nevertheless, this study acknowledges limitations such as its exclusive focus on Brunei and reliance on specific ASEAN country data, highlighting the need for future research to address these constraints and delve into additional dimensions of FMS impact for a more comprehensive understanding.

Keywords

Financial Management Systems, organizational accountability, organizational responsibility, manufacturing sector, Brunei, ASEAN countries

Publication Date

2024

Received Date

23-Oct-2023

Revised Date

2-Jan-2024

Accepted Date

28-Feb-2024

Recommended Citation

Marjuni, Nur Farhanah binti and Shaikh, Junaid M. (2024) "Impact of Financial Management System on Organizational Accountability and Responsibility: A Study of Corporate Entities," ASEAN Journal on Science and Technology for Development: Vol. 41: No. 1, Article 14.
DOI: https://doi.org/10.61931/2224-9028.1560
Available at: https://ajstd.ubd.edu.bn/journal/vol41/iss1/14