CONFIDENTIAL 1 AC/MAY2023/PSA622/TEST
UNIVERSITI TEKNOLOGI MARA
TEST
COURSE : PUBLIC SECTOR ACCOUNTING
COURSE CODE : PSA662
EXAMINATION : MAY 2023
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.
3. Do not bring any material into the examination room unless permission is given by the
invigilator.
4. Please check to make sure that this examination pack consists of :
i) the Question Paper
DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
This examination paper consists of 3 printed pages
© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
CONFIDENTIAL 2 AC/MAY2023/PSA622/TEST
QUESTION 1
Virements are movements of budgetary resources between line ministries, programs,
policy areas, expenditure categories or line items.
a. Describe the financial procedure for virements.
(5 marks)
b. The State Government has limited sources of revenues, but receive annual financial
assistance from Federal government in term of grant.
Explain one (1) statutory grant payable under the various act of the parliament.
(5 marks)
Total: 10 marks
QUESTION 2
a. Budgeting is the process of putting together the financial demands of government
institutions to be met through various financial sources
Discuss the three (3) possible positions of fiscal policy by providing relevant examples
of initiatives taken by the Malaysian Government during pandemic.
(10 marks)
b. The Outcome-Based Budgeting (OBB) focused on program approach and outcomes,
addressing horizontal and vertical integration issues at all levels of implementation,
improved monitoring and evaluation framework, and better reporting formats.
Illustrate the Performance Monitoring and Evaluation Framework of OBB.
(5 marks)
c. Explain how budgetary control improves planning and performance of managers.
(5 marks)
Total: 20 marks
QUESTION 3
The Financial Procedure Act 1957 specifies the requirement to maintain Consolidated Fund,
namely; Consolidated Revenue Account, Consolidated Trust Account and Consolidated Loan
Account.
© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
CONFIDENTIAL 3 AC/MAY2023/PSA622/TEST
Required:
a. Explain briefly the three (3) major characteristics of fund accounting.
(5 marks)
b. Describe the duties of these two (2) categories of government accounting personnel
and quote the relevant sections:
i. Controlling Officer
ii. Accounting Officer
(7 marks)
c. Discuss any two (2) domestic loans instruments and the relationship between the
three (3) Consolidated Accounts.
(8 marks)
Total: 20 marks
END OF QUESTION PAPER
© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
