public sector accounting

hurry

QUESTION 1 (20 Marks) A budget is an organization's formal estimates of its revenues, expenses, cash inflows and cash outfiows for a future period. It is a quantitative plan of action prepared in advance of the period to which it relates. Required: a. What is the legal requirements of government budgets? [6 marks] b. List six (6) components of the budget process cyde. [6 marks] c. What are the main components of the Malaysian federal budget? Provide two (2) examples of each of the components. [6 marks d. There are various agencies involved in the budgeting framework. Name two (2) of these central agencies. [2 marks) QUESTION 2 (20 Marks) Budgeting is a method of exercising the public sector's accountability. Mechanisms such as the legal and reporting framework, organizational structure, strategy. procedures and actions help ensure that any organizations that use public money and make decisions that affect people's lives can be held responsible for their actions. Required: a. Explain the budgeting process of the federal government What are the main considerations at each stage? [12 marks] b. Budgets are used to control and coordinate all activities in the organization. List four (4) advantages of budgeting and budgetary control. [8 marks] QUESTION 3 (20 Marks) The growing pressures for enhanced services, transparency and sustainability has prompted the development of the budgeting process in the public sector. This include budgetary reforms in Malaysian public sector. Required: a. Explain budgeting system that has been implemented by the Malaysian government after independence until now. [8 marks] b. State three (3) objectives of Outcome-based Budgeting- [3 marks] c. Discuss the differences between the Traditional Budgeting System Programme Performance Budgeting System and Modified Budgeting System in terms of i Budget examination ii. Budget control iii. Accountability [9 marks) QUESTION 1 (20 Marks) A budget is an organization's formal estimates of its revenues, expenses, cash inflows and cash outfiows for a future period. It is a quantitative plan of action prepared in advance of the period to which it relates. Required: a. What is the legal requirements of government budgets? [6 marks] b. List six (6) components of the budget process cyde. [6 marks] c. What are the main components of the Malaysian federal budget? Provide two (2) examples of each of the components. [6 marks d. There are various agencies involved in the budgeting framework. Name two (2) of these central agencies. [2 marks) QUESTION 2 (20 Marks) Budgeting is a method of exercising the public sector's accountability. Mechanisms such as the legal and reporting framework, organizational structure, strategy. procedures and actions help ensure that any organizations that use public money and make decisions that affect people's lives can be held responsible for their actions. Required: a. Explain the budgeting process of the federal government What are the main considerations at each stage? [12 marks] b. Budgets are used to control and coordinate all activities in the organization. List four (4) advantages of budgeting and budgetary control. [8 marks] QUESTION 3 (20 Marks) The growing pressures for enhanced services, transparency and sustainability has prompted the development of the budgeting process in the public sector. This include budgetary reforms in Malaysian public sector. Required: a. Explain budgeting system that has been implemented by the Malaysian government after independence until now. [8 marks] b. State three (3) objectives of Outcome-based Budgeting- [3 marks] c. Discuss the differences between the Traditional Budgeting System Programme Performance Budgeting System and Modified Budgeting System in terms of i Budget examination ii. Budget control iii. Accountability [9 marks)