Difference between revisions of "Financial Management"
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# Fixed Asset Movement Report. | # Fixed Asset Movement Report. | ||
| − | =Preparation of Financial Statement= | + | =Preparation of Unaudited Financial Statement= |
The complete Financial Statement are as follows: | The complete Financial Statement are as follows: | ||
# ''Penyata Kedudukan Kewangan'' | # ''Penyata Kedudukan Kewangan'' | ||
| Line 16: | Line 16: | ||
# ''Penyata Perubahan Ekuiti'' | # ''Penyata Perubahan Ekuiti'' | ||
# ''Penyata Aliran Tunai'' | # ''Penyata Aliran Tunai'' | ||
| + | |||
| + | =Presentation of Unaudited Financial Statement= | ||
| + | The Financial Statement will be presented by Sector Head of Corporate Management in the first Board of Management Meeting during the year. | ||
| + | |||
| + | The Board of Management Meeting will endorsed the Financial Statement. | ||
| + | |||
| + | =Declaration of Unaudited Financial Statement= | ||
| + | CEO shall declared the Unaudited Financial Statement in front of the Commissioner of Oaths and the Financial Statement shall be signed by Chairman with one of the Board member. | ||
| + | |||
| + | =Submission of Unaudited Financial Statement= | ||
| + | Accountant shall prepare twelve (12) copies of the complete Financial Statement and submit to JAN, Negeri Sarawak before 30th April every year. | ||
| + | |||
| + | If the Unaudited Financial Statement is fail to be submitted to JAN before or on the 30th April, Accountant shall write and submit a paper to Majlis Mesyuarata Kerjaan Negeri (MMKN) seeking for approval from MMKN for extension of time. | ||
| + | Refer to The Statutory Bodies (Financial and Accounting Procedure) Ordinance 1995. | ||
| + | |||
| + | After submission, the audit field work will be carried out by the external auditor. | ||
| + | |||
| + | JAN will issue certificate for the Audited Financial Statement. | ||
| + | |||
| + | =Presentation of Audited Financial Statement= | ||
| + | Sector Head of Corporate Management shall present the Audited Financial Statement in the Board of Management Meeting for information and endorsement. | ||
| + | |||
| + | Accountant shall prepare a copy of Audited Financial Statement for Sarawak Multimedia Authority (SMA) and Perpustakaan Negara Malaysia (PNM). | ||
| + | |||
| + | =Submission of Audited Financial Statement= | ||
| + | Accountant shall prepare 30 copies of Audited Financial Statement and submit to MMKN for approval. | ||
| + | |||
| + | 100 copies of Audited Financial Statement will be prepared by Accountant and to be submitted for presentation in Dewan Undangan Negeri (DUN). | ||
Revision as of 15:48, 23 August 2019
It is a process of preparation of the Financial Management to be audited by Jabatan Audit Negara (JAN). This process involving closing of account, preparation of account, presentation, declaration, submission and approval.
Contents
Account Closing
Closing account process will take place every 15th January in the following year.
The following Financial Statement will be printed from eFAS system:
- Balance Sheet
- Profit & Loss Statement
- Trial Balance
- Fixed Asset Movement Report.
Preparation of Unaudited Financial Statement
The complete Financial Statement are as follows:
- Penyata Kedudukan Kewangan
- Penyata Pendapatan Komprehensif
- Penyata Perubahan Ekuiti
- Penyata Aliran Tunai
Presentation of Unaudited Financial Statement
The Financial Statement will be presented by Sector Head of Corporate Management in the first Board of Management Meeting during the year.
The Board of Management Meeting will endorsed the Financial Statement.
Declaration of Unaudited Financial Statement
CEO shall declared the Unaudited Financial Statement in front of the Commissioner of Oaths and the Financial Statement shall be signed by Chairman with one of the Board member.
Submission of Unaudited Financial Statement
Accountant shall prepare twelve (12) copies of the complete Financial Statement and submit to JAN, Negeri Sarawak before 30th April every year.
If the Unaudited Financial Statement is fail to be submitted to JAN before or on the 30th April, Accountant shall write and submit a paper to Majlis Mesyuarata Kerjaan Negeri (MMKN) seeking for approval from MMKN for extension of time. Refer to The Statutory Bodies (Financial and Accounting Procedure) Ordinance 1995.
After submission, the audit field work will be carried out by the external auditor.
JAN will issue certificate for the Audited Financial Statement.
Presentation of Audited Financial Statement
Sector Head of Corporate Management shall present the Audited Financial Statement in the Board of Management Meeting for information and endorsement.
Accountant shall prepare a copy of Audited Financial Statement for Sarawak Multimedia Authority (SMA) and Perpustakaan Negara Malaysia (PNM).
Submission of Audited Financial Statement
Accountant shall prepare 30 copies of Audited Financial Statement and submit to MMKN for approval.
100 copies of Audited Financial Statement will be prepared by Accountant and to be submitted for presentation in Dewan Undangan Negeri (DUN).
