Public sector accounting in Singapore
This study examines the financial accounting as well as the management planning and control in the Singapore public sector. This report only covers the discussion on ministries. Statutory boards are therefore excluded. The Government of Singapore uses the cash basis of accounting because of its o...
| Κύριοι συγγραφείς: | , , |
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| Άλλοι συγγραφείς: | |
| Μορφή: | Final Year Project (FYP) |
| Γλώσσα: | English |
| Έκδοση: |
2015
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| Θέματα: | |
| Διαθέσιμο Online: | http://hdl.handle.net/10356/63687 |
| _version_ | 1826123831862886400 |
|---|---|
| author | Lee, Jia Chyi Ong, Hwee Choo Wong, Chin Lee |
| author2 | Tan Hwee Cheng |
| author_facet | Tan Hwee Cheng Lee, Jia Chyi Ong, Hwee Choo Wong, Chin Lee |
| author_sort | Lee, Jia Chyi |
| collection | NTU |
| description | This study examines the financial accounting as well as the management planning and control in
the Singapore public sector. This report only covers the discussion on ministries. Statutory boards
are therefore excluded.
The Government of Singapore uses the cash basis of accounting because of its objectivity. The
Government relies on the integrative Financial Administration and Control System to account for
both revenue and expenditure. In the accounting for revenue, some procedures are still being
carried out manually.
The Government is now concerned with the efficient management of resources. The Ministry of
Finance is currently implementing a system known as Singapore Government Management
Accounting System to assist civil service managers in planning and controlling the activities
performed by various ministries. This system is useful in the privatisation of functions of the
ministries as it allows tracking the costs of various activities.
The Government needs to continuously refine her systems in view of the competitive environment
where she works. In the short run, these include refining the computer system for bank
reconciliation and dishonoured cheques. In the long run, a move to modified accrual accounting
method which allows measurement of income may be desirable. Also, the Government can
consider tying performance indicators to the performance appraisal of her employees. |
| first_indexed | 2024-10-01T06:10:47Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/63687 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T06:10:47Z |
| publishDate | 2015 |
| record_format | dspace |
| spelling | ntu-10356/636872023-05-19T06:24:04Z Public sector accounting in Singapore Lee, Jia Chyi Ong, Hwee Choo Wong, Chin Lee Tan Hwee Cheng Nanyang Business School DRNTU::Business::Accounting This study examines the financial accounting as well as the management planning and control in the Singapore public sector. This report only covers the discussion on ministries. Statutory boards are therefore excluded. The Government of Singapore uses the cash basis of accounting because of its objectivity. The Government relies on the integrative Financial Administration and Control System to account for both revenue and expenditure. In the accounting for revenue, some procedures are still being carried out manually. The Government is now concerned with the efficient management of resources. The Ministry of Finance is currently implementing a system known as Singapore Government Management Accounting System to assist civil service managers in planning and controlling the activities performed by various ministries. This system is useful in the privatisation of functions of the ministries as it allows tracking the costs of various activities. The Government needs to continuously refine her systems in view of the competitive environment where she works. In the short run, these include refining the computer system for bank reconciliation and dishonoured cheques. In the long run, a move to modified accrual accounting method which allows measurement of income may be desirable. Also, the Government can consider tying performance indicators to the performance appraisal of her employees. ACCOUNTANCY 2015-05-18T06:12:17Z 2015-05-18T06:12:17Z 1994 1994 Final Year Project (FYP) http://hdl.handle.net/10356/63687 en Nanyang Technological University 144 p. application/pdf |
| spellingShingle | DRNTU::Business::Accounting Lee, Jia Chyi Ong, Hwee Choo Wong, Chin Lee Public sector accounting in Singapore |
| title | Public sector accounting in Singapore |
| title_full | Public sector accounting in Singapore |
| title_fullStr | Public sector accounting in Singapore |
| title_full_unstemmed | Public sector accounting in Singapore |
| title_short | Public sector accounting in Singapore |
| title_sort | public sector accounting in singapore |
| topic | DRNTU::Business::Accounting |
| url | http://hdl.handle.net/10356/63687 |
| work_keys_str_mv | AT leejiachyi publicsectoraccountinginsingapore AT onghweechoo publicsectoraccountinginsingapore AT wongchinlee publicsectoraccountinginsingapore |