Question
a) In order for the public sector to achieve the goals entrusted and to show accountability, there are two concepts that must be complied, namely
-
a) In order for the public sector to achieve the goals entrusted and to show accountability, there are two concepts that must be complied, namely custodian and stewardship. Stewardship is concerned with caring for something for another, in the most productive and equitable manner. (Zauwiyah Ahmad,2009)
Based on the above statements, the government as a steward of public resources must then derive satisfaction from the success of the nation rather than personal goal. Explain FOUR (4) stewardship areas that are applicable to the public sector.
b) Explain in detail accounting practices in Malaysian government.
c) Explain any FOUR (4) reasons why public sector accounting need to be regulated.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started