International Journal of Engagement and Empowerment (IJE2)
Vol. 6 No. 1 (2026): International Journal of Engagement and Empowerment

STRENGTHENING FINANCIAL GOVERNANCE AND ACCOUNTING-BASED BUSINESS STRATEGIES TO ENHANCE THE COMPETITIVENESS OF TRADITIONAL MARKET TRADERS IN SUBANG JAYA (SS15)

Basrowi Basrowi (Universitas Bina Bangsa)
Juhari Ali (Lecturer of Asia e Univearsity (AeU), Malaysia)
Rahemee Rahemee (Lecturer of Universiti Geomatika Malaysia (UGM), Malaysia)
Mohd Mizan bin Asalam (Lecturer of Universiti Nasional Pertahanan Malaysia (UNPM) , Malaysia)
Bambang Dwi Suseno (Universitas Bina Bangsa)
Gema Ika Sari (Universitas Bina Bangsa)
Nani Rohaeni (Universitas Bina Bangsa)
Riani Puasarin (Universitas Bina Bangsa)
Hidayatullah Hidayatullah (Universitas Bina Bangsa)
Nining Sulastri Kurnia (Universitas Bina Bangsa)
Fitriyansyah Fitriyansyah (Universitas Bina Bangsa)



Article Info

Publish Date
30 Apr 2026

Abstract

This community service program aimed to strengthen financial governance and accounting-based business strategies to enhance the competitiveness of traditional market traders in Subang Jaya (SS15), Malaysia. The program adopted a participatory and empowerment-based approach involving 25 traditional market traders from various small-scale business sectors. The implementation consisted of several stages, including needs assessment, training, mentoring, and evaluation. Data were collected using quantitative and qualitative methods through questionnaires, interviews, observations, and documentation. The effectiveness of the program was evaluated using pre-test and post-test analysis combined with thematic analysis. The results indicate significant improvements in financial governance, accounting practices, and strategic business capabilities among participants. Prior to the program, most traders demonstrated weak financial governance, including the absence of budgeting and poor separation between personal and business finances. After the intervention, the proportion of participants categorized as having good financial governance increased from 16% to 56%. In terms of accounting practices, participants showed substantial progress in recording transactions and preparing simple financial reports, with full implementation increasing from 16% to 60%. Furthermore, the ability of traders to formulate accounting-based business strategies improved significantly, as reflected in the increase of participants with high strategic capability from 16% to 52%.

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Journal Info

Abbrev

home

Publisher

Subject

Humanities Education Other

Description

International Journal of Engagement and Empowerment (IJE2) is a peer-refereed open-access international journal which has been established for the dissemination of Community Services in the field of Engagement and Empowerment. Starting from 2021, IJE2 would be published Three times in a year. All ...