Public Sector Accounting based in Malaysia

QUESTION 1 Public Policy has been generally defined as a system of courses of action, regulatory measures, laws, guiding principles relating to any issue of public concern promulgated by any Government entity/department or any of its rightful representatives, for the beneficial interest of the society at large. Public policy serves as a tool or instrument for identifying issues of national concern or problems, implementing the best course of action for resolving the problems and evaluating the impact of the action taken by the government to resolve the problems or issues. Required: a. Recommend ONE (1) policy that should be implemented in education system or labour system; and explain the need of the policy. (Note: Choose one system only, either education or labour) (10 marks) b. Explain the process to formulate and implement suggested policy in (a) above in Malaysia. (10 marks) c. Describe the relationship between executive power and legislative power with regard to formulation and implementation of public policies. (5 marks) QUESTION 2 (25 MARKS) Article 99(1) of the Federal Constitution defines budget as a statement of the estimated receipts and expenditure of the Federation for the year, whereas budgetary control is a process that is undertaken throughout the budget period, where the budget and their targets are continuously examined for review or adjustment depending on performance. Required: a. Discuss the role of government budget in planning, controlling and evaluation of governmental operations. (9 marks) b. Discuss the importance of budgetary control to the public sector organizations. (9 marks) c. Budget surplus is the best scenario for a government budget. Do you agree with the statement? Justify. (7 marks) QUESTION 1 Public Policy has been generally defined as a system of courses of action, regulatory measures, laws, guiding principles relating to any issue of public concern promulgated by any Government entity/department or any of its rightful representatives, for the beneficial interest of the society at large. Public policy serves as a tool or instrument for identifying issues of national concern or problems, implementing the best course of action for resolving the problems and evaluating the impact of the action taken by the government to resolve the problems or issues. Required: a. Recommend ONE (1) policy that should be implemented in education system or labour system; and explain the need of the policy. (Note: Choose one system only, either education or labour) (10 marks) b. Explain the process to formulate and implement suggested policy in (a) above in Malaysia. (10 marks) c. Describe the relationship between executive power and legislative power with regard to formulation and implementation of public policies. (5 marks) QUESTION 2 (25 MARKS) Article 99(1) of the Federal Constitution defines budget as a statement of the estimated receipts and expenditure of the Federation for the year, whereas budgetary control is a process that is undertaken throughout the budget period, where the budget and their targets are continuously examined for review or adjustment depending on performance. Required: a. Discuss the role of government budget in planning, controlling and evaluation of governmental operations. (9 marks) b. Discuss the importance of budgetary control to the public sector organizations. (9 marks) c. Budget surplus is the best scenario for a government budget. Do you agree with the statement? Justify. (7 marks)