Escolar Documentos
Profissional Documentos
Cultura Documentos
INTRODUCTION TO FINANCIAL
ADMINISTRATION
As
a discipline study
Explain unity of facts, principles and their
theories that related to an increase and
matters by individual, businessman and
government.
As a process
Alderfer in his book Local Government In
The Third World Country stated that Public
Financial Management is time cycle starting
from tax until to final expenditures.
He mentioned on:
How to get
How to spend
As a management tools
D.P Francis in The Foundation of Financial
Management financial management as
the use accounting known economic
models, mathematical rules and aspects of
system analysis and behavioral science for
the purpose of assisting in its functions of
financial planning and control.
As
To
To avoid wastage
To avoid deception and breach of trust
To ensure the proper revenue system and
expenses is carried out correctly
To achieve government objectives
To ensure that purchasing/procurement is
done appropriately, correctly and legally.
To assess efficiency, effectiveness,
productivity and quality in the use of
resources.
Budgeting
Tax
Management
It is a compulsory exaction of money by a
public authority for public purposes
enforceable by law.
Types of tax
Direct Tax
Indirect Tax
Accounting
Treasury
Stage 1
Formation and representation of suggestion
and approval from Treasury.
Stage 2
Implementation of projects and programs
which had been approved by law and
withdrawal of money passed by the law., so
that, responsibility accord to the economic
needs in all matters is under authority of
Security Executive.
Stage 3
In auditing stage and report of general
auditor had been accepted, Treasury will
investigate all matter that had been evoked
with the purpose to assist Public accountant
Committee in measuring the report.
Roles:
To monitor government investment in
Non-Financial Public Enterprises.
Responsible for procurement of loans
from foreign and domestic sources to
finance national development projects.
To analyze and advise the Ministry of
Finance on short and medium term micro
and macro economic issues, policies and
strategies particularly in the relation to
fiscal and budgetary policies.
Supply
management
Used by the public sector in Malaysia
especially government agency.
Stress on purchase management and
storage.
These two aspects can create one system
supply management that can prepare
equipments for the government agencies
usage.