Professional Documents
Culture Documents
OVERVIEW
Introduction
Where Are We Now
The Way Forward
Conclusion
INTRODUCTION
Components of Public Sector
Federal Government
State Government
Federal Statutory Bodies
State Statutory Bodies
Local Government, Town, District Councils &
City Halls
Islamic Council of Malaysia
Accountant General
is the Head of
Service for
Accountants,
Assistant
Accountants and
Book keepers
(Accounting
Technician)
Accountant General
is the chief
accountant of the
Federal
Government and
Chief Division of the
Federal Treasury
with the authority
in all accounting
matters and
procedures relating
to Federal and State
Government
accounts.
Head of Service
Chief Accountant
Treasury Instruction
5
Accounting Basis
Federal
State
Local Government
Statutory Bodies
Accrual Accounting
Accrual
Accounting
Modified Accrual
Accounting
Accounting Standards
Federal
State
Local Government
Statutory Bodies
Islamic Councils
Pekeliling Kemajuan Perkhidmatan Awam (PKPA) Bil. 1/2011
10
Submission Date
Federal
State
Local Government*
Statutory Bodies
Date Of Submission
2001
12 Mac 2002
2002
3 Mac 2003
2003
8 Mac 2004
2004
9 Mac 2005
2005
8 Mac 2006
2006
9 Mac 2007
2007
3 Mac 2008
2008
6 Mac 2009
2009
8 Mac 2010
2010
4 Mac 2011
2006
2007
2008
2009
2010
Perlis
17.04.2007
08.04.2008
26.03.2009
18.02.2010
01.02.2011
Kedah
10.04.2007
31.03.2008
05.04.2009
25.02.2010
20.03.2011
P.Pinang
9.02.2007
02.01.2008
09.01.2009
19.01.2010
18.01.2011
Perak
18.04.2007
28.03.2008
18.03.2009
12.02.2010
08.02.2011
Selangor
16.05.2007
10.06.2008
08.04.2009
02.03.2010
14.02.2011
N.Sembilan
13.04.2007
29.02.2008
27.02.2009
24.02.2010
21.02.2011
Melaka
30.04.2007
21.04.2008
03.04.2009
09.04.2010
24.03.2011
Johor
03.08.2007
15.03.2008
13.03.2009
23.02.2010
25.02.2011
Pahang
16.04.2007
30.04.2008
08.04.2009
25.02.2010
23.03.2011
Kelantan
30.04.2007
22.04.2008
22.04.2009
23.02.2010
27.02.2011
Terengganu
15.02.2007
10.02.2008
10.02.2009
10.02.2010
10.02.2011
ABB.
2008
2009
1.
UTHM
21.4.2009
29.4.2010
2.
MQA
17.4.2009
14.4.2010
3.
MYIPO
30.4.2009
30.4.2010
4.
UDM
22.2.2009
4.3.2010
5.
LPNM
15.5.2009
9.3.2010
6.
PLPKTN
3.3.2009
9.3.2010
7.
UPMS
30.1.2009
22.2.2010
8.
UMT
23.3.2009
25.2.2010
9.
MIDA
30.4.2009
30.4.2010
10.
MIROS
13.3.2009
18.3.2010
Old Format
Revised Format
Statement by Secretary
General to the Treasury
and Accountant General
of Malaysia
Not available
Available
Financial Statement
Balance Sheet
Statement of Cash
Receipts and Payments
Statement of
Memorandum Account
Notes to the Account
Statement of Financial
Position
Statement of Financial
Performance
Statement of Cash
Receipts and Payments
Statement of
Memorandum Account
Notes to the Account
Old Format
Revised Format
Statement of Cash
Receipts and Payments
Not applicable
Financial Performance
Not available
Available
Statement of
Memorandum
Memorandum of Asset
Taken out
Title
Public Account
Federal Government
Financial Statement
Presentation
17
Research Conclusion
Harmonization of financial reporting format
Harmonization
Single set
of financial
reporting
Enhance
accountability
and
transparency
Better corporate
governance
Definition of SAGA
Standard
Accounting Accounting
package
package
approved
by available in the market
which can be customised
Government
according to GAAP.
Scope of work
Not mentioned
Structure of Corporate
Governance
Not disclosed
Disclosed
Federal
only
Statutory
Accounting System
Federal
State
Local Government
Statutory Bodies
Islamic Councils
20
ACTIVITY BASED
COSTING (ABC)
Public Sector
Accounting
DATA DICTIONARY
FOR PUBLIC
SECTOR (DDSA)
OUTCOME BASED
BUDGETING (OBB)
Degree of
Results Focus
Ministrys
programs
under MBS
Alignment
of
programs
with
National
Thrust
and KRAs
Activity
Based
Costing
of
resources
Results
Frame
work
OBB results
Progress
Activity Based
Costing
Migration from Modified Cash to
Accrual Accounting
OBB Implementation
2011
2012
2013
2014
2015
2016
2017
Time
Enabling More
Efficient and
Effective Fiscal
Management
Information on consumption of
resources that supports sustainability
of fiscal policies
Accountability
Sustainability
Better Measure
of Policies Effect
Organizational
Efficiency and
Effectiveness
Promote
Greater
Integrity
More
Efficient and
Effective
Fiscal
Management
DMC
Current Basis
General Direction
Fiji Islands
Modified cash
Accrual
Indonesia
Modified cash
Accrual
Marshall Islands
Modified cash
Accrual
Philippines
Modified accrual
Accrual
Sri Lanka
Modified cash
Accrual
Azerbaijan
Accrual
Accrual
Modified accrual
Accrual
Mongolia
Modified accrual
Accrual
Uzbekistan
Accrual
Accrual
Migration Path
Accrual
Accounting
Modified
Accrual
Modified
Cash
As-is Status
Assets are not
capitalized
Liabilities are
recorded outside
the accounting
system
System is
distributed and
disparate
IPSAS cash basis of
accounting
Costing information
is not integrated
Phased Out
Approach
Record Accounts
Payable (AP)
Record Accounts
Receivable (AR)
By 2014
To-be in 2015
Assets and
liabilities are
accounted for
Centralized system
with single
database
Fully integrated
with OBB and
other relevant
systems
Full IPSAS
compliant on
accrual accounting
Costing data on
outputs, programs
and activities
Accrual accounting
together with Activity
Based Costing will
transform existing data
to information and
eventually to
knowledge where
better informed based
actions can be taken
Data
Information
Knowledge
Action
Objectives of DDSA
Evolution (Federal)
Before
Current
Future
Branch Accounting
System
GFMAS
1 GFMAS
IPSAS Accrual
IPSAS Cash
Accrual basis
Evolution (State)
Before
Current
Future
Manual
SPEKS
SPEKS (Accrual)
IPSAS Cash
IPSAS Cash
IPSAS Accrual
Accrual Basis
Current
Accrual Basis
Manual , SAGA,
Other systems
SAGA
IFRS, PERS,
PKPA 1/2007,
MASB
IFRS, PERS,
PKPA 1/2011,
MASB
Future
Accrual Basis
SAGA
IPSAS Accrual
CONCLUSION
Implementation of Accrual Accounting together with OBB and ABC
is hoped to bring Malaysia at par with other developed countries
OBB
Accrual
Accounting
ABC
At par with
Developed
Countries
Full support , commitment and cooperation from every one of you is very much needed to make
this transformation a success
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