Financial Disclosure and Budgetary Practices of Religious Organization: A Study of Qaryah Mosques in Kuala Terengganu

Shahida Bt Shaharuddin; Maliah Bt Sulaiman

Shahida Bt Shaharuddin Universiti Sultan Zainal Abidin
Maliah Bt Sulaiman International Islamic University Malaysia

Keywords: Financial Disclosure, Budgetary, Religious Organization, Kuala Terengganu

Abstract

This paper aims to examine the financial reporting and budgeting practices of qaryah mosques in Kuala Terengganu, a state in the east of Peninsular Malaysia. Data was collected using a mixed method (quantitative and qualitative) approach. The questionnaire was disseminated to qaryah mosques in Kuala Terengganu and 39 responded. To address the limitations of a questionnaire survey, semi-structured interviews were then conducted with a few of the respondents. The results revealed that qaryah mosques in Kuala Terengganu do have a satisfactory system in place in terms of their financial reporting practices. However, budgetary control practices appear to be lacking. This indicates accounting, as is practiced by qaryah mosques in Kuala Terengganu appears to be limited to financial accounting. Hence, the financial management in qaryah mosques needs to be improved so that the risk of embezzlement can be reduced.

Author Biographies

Shahida Bt Shaharuddin, Universiti Sultan Zainal Abidin

A lecturer at the School of Accounting, Faculty of Law, Accountancy and International Relations, University Sultan Zainal Abidin. She earned her M.Sc. (2012) in accounting from International Islamic University Malaysia. Her research interests are Islamic Accounting, Accounting Education and Social Accounting. lecturer at the School of Accounting, Faculty of Law, Accountancy and International Relations, University Sultan Zainal Abidin. She earned her M.Sc. (2012) in accounting from International Islamic University Malaysia. Her research interests are Islamic Accounting, Accounting Education and Social Accounting.

Maliah Bt Sulaiman, International Islamic University Malaysia

A Fellow of the Association of Chartered Certified Accountants (UK), is a Professor of Accounting at the Department of Accounting, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia. She holds an M.B.A. (1988) from Duquesne University, Pittsburgh, and a Ph.D. (1997) in Accounting from the University of Otago, New Zealand. She has published widely in international and national journals. Her research interests are in Islamic accounting and Environmental Accounting. She sits on various editorial committees both locally and abroad.

References

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