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CONFIDENTIAL

AC/APR 2010/PSA420

UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION

COURSE COURSE CODE EXAMINATION TIME

PUBLIC SECTOR ACCOUNTING 1 PSA420 APRIL 2010 3 HOURS

INSTRUCTIONS TO CANDIDATES 1. 2. This question paper consists of seven (7) questions. Answer five (5) questions only. i) ii) iii) 3. For question 7 (b), you are required to answer using the Vote Book Sheet, Answer the other questions in the Answer Booklet, Start each answer on a new page.

Do not bring any material into the examination room unless permission is given by the invigilator. Please check to make sure that this examination pack consists of: i) ii) iii) the Question Paper an Answer Booklet - provided by the Faculty a two - page Vote Book Sheet - provided by the Faculty

4.

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
This examination paper consists of 6 printed pages
© Hak Cipta Universiti Teknofogi MARA CONFIDENTIAL

CONFIDENTIAL ANSWER ANY FIVE (5) QUESTIONS QUESTION 1

2

AC/APR 2010/PSA420

A controlling officer is responsible for an effective management of receipts and payments of public moneys and public stores allocated to the agencies under his control. Required: a) Define 'public moneys' and 'public stores'. (4 marks) b) State any four (4) legal documents relating to government financial systems and procedures. (4 marks) Explain the legislative relationship between Federal and State government as enumerated in the Ninth Schedule of the Federal Constitution. Quote the relevant legal provisions from the Federal Constitution. (12 marks) (Total: 20 marks)

c)

QUESTION 2 The 2010 Budget will be the foundation for the development of the new economic model and the formulation of the 10th Malaysia Plan. The proposed allocation of RM191.5 billion for the 2010 budget was 11.2% lower than the revised allocation of RM215.7 billion for the year 2009. Required: a) Define budget in relation to public sector. (2 marks) b) Explain any three (3) roles of budget towards the successful planning of government programmes and activities. (6 marks) Identify and explain the three (3) main components of national revenue. (12 marks) (Total: 20 marks)

c)

© Hak Cipta Universiti Teknologi MARA

CONFIDENTIAL

CONFIDENTIAL QUESTION 3

3

AC/APR 2010/PSA420

The Malaysian government has adopted and developed various accounting systems by focusing on efforts to strengthen efficient planning, utilisation and control of public financial resources and assets. The development in the government accounting systems shows significant evolution with initiatives being taken by the government to integrate information technology in its accounting practice. Required: a) The main objective of Micro Accounting System (SPM) is to help in strategic planning and optimum utilization of government's resources, and create cost awareness amongst government agencies. In relation to this statement, explain the five (5) implementation strategies of SPM. (12 marks) State and briefly explain the two (2) components of Standard Accounting System for Government Agencies (SAGA) software package. (8 marks) (Total: 20 marks)

b)

QUESTION 4 Malaysian government practices fund accounting; a system that segregates resources according to the purposes or activities for which they are to be used. Required: a) Quote and explain any six (6) relevant provisions from the Federal Constitution and the Financial Procedure Act 1957 in relation to the Consolidated Fund. (9 marks) Explain the three (3) types of funds under Government Trust Fund. (11 marks) (Total: 20 marks)

b)

© Hak Cipta Universiti Teknologi MARA

CONFIDENTIAL

CONFIDENTIAL QUESTION 5

4

AC/APR 2010/PSA420

Improving accounting practices and financial management of the government was seen as one of the agenda to strengthen accountability of the public sector. This can be achieved by focusing on improving the process of budget planning and control, and enhancing the...
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