Which system is required to obtain the approval of the Federal Government Accounting System Committee and how does one apply for the said approval ?
- The financial accounting system required to obtain the approval of the Federal Government Accounting System Committee refers to the system that involves the process of planning, costing, distribution, expenditure, receipt, accounting (subsidiary, salary, fixed asset, investment, loan) inventory management and public money reporting.
- The mode of applying for the said approval is by applying for the approval of system design from the Accounting and Management Development Division, Consultant Service Section, Accountant General’s Department of Malaysia. This approval can be used for as long as there is no change in the system design. The application papers should refer to:
The Accountant General’s Circular No.5 Year 2010 - Guidelines for Application for Government Agency Accounting Financial System Development
With the enforcement of this circular, SPANM No. 1 / 1992 and No.5 / 2004 are therefore cancelled.