a) As highlighted in National Council of Governmental Accounting (NCGA), the overall primary goals of accounting and financial reporting for government/ public sector units is to provide financial information useful for making economic, political and social decisions, and demonstrating accountability and stewardship.

Required: Identify and elaborate any FOUR (4) objectives of financial reporting by Malaysian

public sector.

b) Distinguish between financial reporting for commercial sector and public sector in terms of accounting concepts

c) Explain the potential uses of information by the following users:

i) public taxpayers, media and other commentators.

ii) government managers

d) "Financial reporting by public sector enhance accountability". Discuss.