http://rwe.sciedupress.com Research in World Economy Vol. 10, No. 5; Special Issue, 2019 Published by Sciedu Press 129 ISSN 1923-3981 E-ISSN 1923-399X Contemporary Management Accounting Practices and Managerial Performance Amongst the Malaysian Co-operatives Sector Sharul Effendy Janudin 1 , Hazianti Abdul Halim 1 , Nurul Fadly Habidin 1 & Farahaini Mohd Hanif 2 1 Universiti Pendidikan Sultan Idris, Tanjung Malim, Malaysia 2 Institut Koperasi Malaysia, Malaysia Correspondence: Sharul Effendy Janudin, Universiti Pendidikan Sultan Idris, Tanjung Malim, Malaysia. E-mail: sharul@fpe.upsi.edu.my Received: October 10, 2019 Accepted: November 5, 2019 Online Published: December 23, 2019 doi:10.5430/rwe.v10n5p129 URL: https://doi.org/10.5430/rwe.v10n5p129 Abstract Co-operatives in Malaysia have urgent jobs in creating business frameworks, and making it workable for the nation to join the worldwide co-operatives society and refined economies. Thus, top management in Malaysian cooperatives aggressively design and implement their strategic plan through strategic accounting procedures in leadership. The purpose of this research is to examine the association between the contemporary management accounting practices (MAP) and managerial performance in the Malaysian’ co-operative sector. Management team from the 100 leading co-operatives in Malaysia were the respondents. Descriptive on the adoption level and its relationship with the managerial performance has been analysed. The finding indicates the level of contemporary MAP is high and there is significant relationship between contemporary MAP and managerial performance among Malaysian Co-operatives. This research offers a exclusive details investigation of the contemporary MAP and an signal of upcoming trends. Keywords: management accounting practices, managerial performance, co-operatives 1. Introduction Development of recent issues about study on the practicality of management accounting tools has increasingly led to the individual perspectives as a comparison from the organizational perspectives. In addition, low adoption levels of management accounting methods lead to researcher interested in investigating management accounting innovations in serving different business entities. Resource based view theory (RBV) indicates that competitive advantage and performance outcome are the result of organization-specific resources and capacities that other competitors expensive to copy (Barney, 1997; Barney & Wright, 1998; Barney et al., 2001; Rumelt, 1991; Wernerfelt, 1984). If they have certain unique features, these resource and capacities can be significant variables of sustainable competitive advantage and superior company performance The co-operatives sector is particularly new to the examination of contemporary MAP. The introduction of National Cooperative Policy 2011-2010 is an extension of The National Cooperative Policy 2002 - 2010 by charting five strategic thrusts in smoothing the co-operative movement. Many organizations such as Malaysian National Co-operative Movement (ANGKASA) and Malaysia Co-operative Societies Commission of Malaysia (SKM) are executing proactive action in tandem with the National Cooperative Policy 2011-2010 especially through economic activities. As a measurement mechanism, Malaysia Co-operative Societies Commission of Malaysia (SKM) releases a profile of top 100 co-operatives in Malaysia since 2009. The assessment process is very objective base on financial and nonfinancial indicator. Further investigation on the 100 list has shown there were not so much changes in terms of co-operative selected each year. For entrepreneurial co-operative, management accounting may aid as a important capability for going global (Mitter & Hiebl, 2017). Changes in leadership through the election of co-operatives board member work as a catalyst to the consequences of the introduction of contemporary MAP ( Subair, & Oriogu, 2016; Leotta, Rizza, & Ruggeri, 2017). At point of time, the research on the implementation and success of contemporary MAP is still lacking pertaining to the model applied amongst successful co-operatives. This research enhances to the current information of contemporary MAP amongst 100 best co-operatives in Malaysia. Specifically, this research aims to investigate the adoption of contemporary management accounting (CMA) techniques in Malaysian Co-operatives sector and to