The main purpose of public sector accounting is to act as the trustee to protect and manage public money and discharge accountability. As the Malaysian government is moving towards the implementation of accrual accounting in 2021, there are some concerns about the relevance of Fund Accounting in the public sector. 

Provide evidence to support the relevance of Fund Accounting in the Malaysian Federal Government accrual accounting environment. 

Answer rating: 100% (QA)

The main purpose of public sector accounting is to protect and manage public funds and to act as trustees to discharge accountability Fund accounting is used as a rational response to act as a reliabl... View the full answer