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    Q - TEST PSA662 Dec 2021

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    Nurul Nadzira
    This document contains a 3-question exam on public sector accounting. Question 1 asks students to discuss the three grants payable under Article 109 of the Federal Constitution. Question 2 covers topics like decentralization in budgetary control, fiscal policy instruments, and outcome-based budgeting. Question 3 addresses the primary duties of the National Finance Council, the role of the Accountant General Department, and the characteristics and revenue sources of the Consolidated Fund. The exam is for a course on public sector accounting and contains a total of 50 marks across the 3 questions.

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    Q - TEST PSA662 Dec 2021

    Uploaded by

    Nurul Nadzira
    70 views3 pages
    This document contains a 3-question exam on public sector accounting. Question 1 asks students to discuss the three grants payable under Article 109 of the Federal Constitution. Question 2 covers topics like decentralization in budgetary control, fiscal policy instruments, and outcome-based budgeting. Question 3 addresses the primary duties of the National Finance Council, the role of the Accountant General Department, and the characteristics and revenue sources of the Consolidated Fund. The exam is for a course on public sector accounting and contains a total of 50 marks across the 3 questions.

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    Q_TEST PSA662 Dec 2021

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    This document contains a 3-question exam on public sector accounting. Question 1 asks students to discuss the three grants payable under Article 109 of the Federal Constitution. Question 2 covers topics like decentralization in budgetary control, fiscal policy instruments, and outcome-based budgeting. Question 3 addresses the primary duties of the National Finance Council, the role of the Accountant General Department, and the characteristics and revenue sources of the Consolidated Fund. The exam is for a course on public sector accounting and contains a total of 50 marks across the 3 questions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    70 views3 pages

    Q - TEST PSA662 Dec 2021

    Uploaded by

    Nurul Nadzira
    This document contains a 3-question exam on public sector accounting. Question 1 asks students to discuss the three grants payable under Article 109 of the Federal Constitution. Question 2 covers topics like decentralization in budgetary control, fiscal policy instruments, and outcome-based budgeting. Question 3 addresses the primary duties of the National Finance Council, the role of the Accountant General Department, and the characteristics and revenue sources of the Consolidated Fund. The exam is for a course on public sector accounting and contains a total of 50 marks across the 3 questions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    CONFIDENTIAL 1 AC/DEC2021/PSA662/PSA522/TEST

    UNIVERSITI TEKNOLOGI MARA


    TEST

    COURSE : PUBLIC SECTOR ACCOUNTING


    COURSE CODE : PSA662/522
    EXAMINATION : DECEMBER 2021
    TIME : 1 HOUR AND 30 MINUTES

    INSTRUCTIONS TO CANDIDATES

    1. This question paper consists of THREE (3) questions.

    2. Answer ALL questions. Start each answer on a new page.

    DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO


    This examination paper consists of 4 printed pages

    © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL


    CONFIDENTIAL 2 AC/DEC2021/PSA662/PSA522/TEST

    QUESTION 1

    The Federal Constitution in Part III of the Tenth Schedule provides a list of revenues assigned
    to the state government. In addition, the state government also receives annual assistance
    from the federal government in terms of grants.

    Discuss the three (3) grants payable under Article 109 of the Federal Constitution.

    Total: 10 marks

    QUESTION 2

    a. The concept of decentralization is the key concept related to the devolution of higher
    authority to the lower management

    Explain the significance of decentralization in the budgetary control system.

    (5 marks)

    b. Fiscal policy is the government spending policies that influence the macroeconomic
    conditions of the country.

    i. Explain the roles of fiscal policy instruments in budgeting.


    (3 marks)

    ii. Discuss the three possible positions of fiscal policy by providing relevant
    examples to the current situation in Malaysia.

    (7 marks)

    c. The government implement Outcome-based budgeting (OBB) to manage national


    resources via delegation of authority efficiently.

    Elaborate on how the OBB can improve the coordination of the subordinates in the budget
    execution process.

    (5 marks)

    Total: 20 marks

    QUESTION 3

    a. Articles 108 of the Federal Constitution requires the establishment of a National


    Finance Council (NFC) consisting of the Prime Minister, such other Ministers as the
    Prime Minister may designate, and one representative from each of the States,
    appointed by the Ruler or Yang di- Pertua Negeri.

    © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL


    CONFIDENTIAL 3 AC/DEC2021/PSA662/PSA522/TEST

    Describe the primary duties of the NFC.

    (5 marks)

    b. The Accountant General Department’s (AGD) mission is to enhance Prudent Financial


    Management of the Public Sector through progressive policies and efficient accounting
    systems with professional personnel and strategic partnership.

    Discuss how the AGD plays its role in facilitating the government’s financial
    management matters.
    (5 marks)

    c. The establishment of the Consolidated Fund is governed by the Federal Constitution


    and the Financial Procedure Act 1957.

    i. Elaborate three (3) characteristics of fund accounting


    (4 marks)

    ii. Describe the source of revenue to be accounted for in the Consolidated


    Revenue Account
    (6 marks)

    Total: 20 marks

    END OF QUESTION PAPER

    © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

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