TUNKU ABDUL RAHMAN UNIVERSITY OF MANAGEMENT AND TECHNOLOGY

FACULTY OF ACCOUNTANCY, FINANCE AND BUSINESS

ACADEMIC YEAR 2023/2024

NOVEMBER EXAMINATION

BBFA4023 PUBLIC SECTOR ACCOUNTING

FRIDAY, 24 NOVEMBER 2023 TIME: 9.00 AM - 12.00 NOON

(3 HOURS)

BACHELOR OF ACCOUNTING (HONOURS)

Instructions to Candidates:

You are required to answer ALL FOUR (4) questions.

Marks will be awarded for clarity in presentation and logical in arguments.

All workings that support the answers should be shown.

You are required to continue with a fresh page when answering new questions or parts of the questions.

This question paper consists of 4 questions on 2 printed pages.

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BBFA4023 PUBLIC SECTOR ACCOUNTING

Answer ALL FOUR (4) questions.

Question 1

(a) Discuss ANY FIVE (5) financial reporting regulatory frameworks and procedures for the public
sector. (10 marks)

(b) Discuss the concept of ‘separation of power’ that is applied for the Malaysian Federal Government.
(15 marks)
[Total: 25 marks]

Question 2

(a) Compare and contrast between the current financial reporting format and requirements for a
Government Business Enterprise and those of the Malaysian Federal Government. (13 marks)

(b) Discuss the three categories of Consolidated Trust Account of the Federal Government Financial
Statements. (12 marks)
[Total: 25 marks]

Question 3

(a) Discuss the budget components of the Malaysian Federal Government. (15 marks)

(b) In October 2021, the Malaysian government unveiled the Twelfth Malaysia Plan, which covers
three themes, “Resetting the economy; Strengthening security, well-being and inclusivity; and
Advancing sustainability”.

Discuss ANY FIVE (5) actions needed to achieve the above themes and one KPI for each of the
actions. (10 marks)
[Total: 25 marks]

Question 4

(a) Discuss ANY FOUR (4) reasons that drive the Malaysian government to introduce the accruals
basis of accounting for public sector financial reporting and ANY FOUR (4) challenges to its
implementation. (15 marks)

(b) Discuss ANY TWO (2) initiatives implemented by the government to enhance the public
governance of the country. (10 marks)
[Total: 25 marks]

This question paper consists of 4 questions on 2 printed pages.