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BBFA4023 (Oct 23)
BBFA4023 (Oct 23)
BBFA4023 (Oct 23)
OCTOBER EXAMINATION
Instructions to Candidates:
You are required to continue with a fresh page when answering new questions or parts of the
questions.
Question 1
(a) Discuss ANY FOUR (4) regulatory frameworks for financial reporting each for the public
sector and the private sector, respectively. (16 marks)
Discuss the distribution of legislative power and financial matters between the federal and state
governments. (9 marks)
[Total: 25 marks]
Question 2
(a) Compare and contrast between the current financial reporting format and requirements for
Malayan Banking Bhd. and the Malaysia Federal Government. (13 marks)
(b) Discuss the source of funds and regulations for the Consolidated Loan Account of the Federal
Government Financial Statements. (12 marks)
[Total: 25 marks]
Question 3
(a) Discuss Malaysia’s budgetary process and its importance to the country. (15 marks)
(b) In October 2021, the Malaysian government unveiled the Twelfth Malaysia Plan, which covers
three themes, "Resetting the economy; Strengthening security, wellbeing and inclusivity; and
Advancing sustainability."
In resetting the economy, the government has identified the electrical and electronics industry
as one of the key high-impact industries and aims to move the industry up the value chain.
Discuss ANY FIVE (5) key performance indicators (KPIs) that the government can set and
FIVE (5) actions to achieve the KPIs. (10 marks)
[Total: 25 marks]
Question 4
(a) Discuss ANY FOUR (4) possible benefits of using the accruals basis of accounting in the public
sector and ANY FOUR (4) challenges to its implementation in the public sector in Malaysia.
(16 marks)
(b) Discuss the weaknesses in the Malaysian Government financial management system and the
efforts that have been taken by the Government to tackle these weaknesses. Give ANY FOUR
(4) examples of each. (9 marks)
[Total: 25 marks]