Financial reporting for a government involves reporting on a governments financial performance and financial position. It provides
Question:
Financial reporting for a government involves reporting on a government’s financial performance and financial position. It provides accountability for government finances and how they have used the resources that taxpayers have entrusted to them. In Malaysia, the Federal Government Financial Statements are prepared annually by the Accountant General and are audited by the Auditor-General.
Identify any one (1) private sector company listed in Bursa Malaysia. Compare and contrast the financial statements of the company with the most recent Federal Government of Malaysia’s financial statement. (Your appraisal should cover in detail the components presented in these statements).
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi