[et_pb_section fb_built=”1″ _builder_version=”4.17.6″ _module_preset=”default” custom_padding=”108px|||||” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” header_font=”Poppins|600|||||||” header_text_align=”center” header_font_size=”32px” custom_margin=”||46px|||” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n
[\/et_pb_text][et_pb_divider color=”#007d98″ divider_weight=”6px” _builder_version=”4.17.4″ _module_preset=”default” animation_style=”slide” animation_direction=”left” animation_duration=”500ms” animation_intensity_slide=”82%” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”1_2″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.17.6″ _module_preset=”default” text_font=”Poppins|300|||||||” text_font_size=”16px” text_line_height=”1.8em” header_font=”||||||||” header_text_align=”left” header_2_font=”Poppins||||||||” header_2_font_size=”28px” header_2_line_height=”1.4em” header_3_font=”||||||||” text_orientation=”justified” module_alignment=”center” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n
SAGA refers to Standard Accounting System for Government Agencies. SAGA is either a customized accounting and financial application system\u00a0<\/span><\/span><\/span>or Commercial Off-The-Shelf (COTS) as well as a support system related to financial data that integrates with it. The application system needs to\u00a0<\/span><\/span><\/span>comply with the accounting and financial systems design approved by Accountants General\u2019s Department of Malaysia (AGD) and SAGA\u00a0<\/span><\/span><\/span>Compliance Criteria.<\/span><\/span><\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.17.6″ _module_preset=”default” text_font=”Poppins|300|||||||” text_font_size=”16px” text_line_height=”1.8em” header_font=”||||||||” header_text_align=”left” header_2_font=”Poppins||||||||” header_2_font_size=”28px” header_2_line_height=”1.4em” header_3_font=”||||||||” text_orientation=”justified” module_alignment=”center” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.17.6″ _module_preset=”default” background_color=”rgba(255,255,255,0.93)” background_image=”https:\/\/sagacloud.my\/wp-content\/uploads\/2022\/08\/accrual.png” background_blend=”color” custom_padding=”38px||127px|||” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” header_font=”Poppins|600|||||||” header_text_align=”center” header_font_size=”32px” custom_margin=”||46px|||” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n [\/et_pb_text][et_pb_divider color=”#007d98″ divider_weight=”6px” _builder_version=”4.17.4″ _module_preset=”default” animation_style=”slide” animation_direction=”left” animation_duration=”500ms” animation_intensity_slide=”82%” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.17.4″ _module_preset=”default” custom_padding=”||0px|||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.17.4″ _module_preset=”default” text_font=”Poppins|300|||||||” text_font_size=”16px” text_line_height=”1.8em” header_font=”||||||||” header_text_align=”left” header_2_font=”Poppins||||||||” header_2_font_size=”23px” header_2_line_height=”1.4em” header_3_font=”||||||||” module_alignment=”center” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Accrual accounting was fully Implemented in Malaysia since 2015 with aim to prove financial management procedures in the public sector. However, accrual accounting always deals with challenges that may influence the migration process and bring a huge impact on many parties. Under accrual accounting, governments recognize all assets and liabilities including financial assets (such as equities), non-financial assets (such as land and\u00a0<\/span><\/span><\/span>buildings), and liabilities other than debt securities and bonds (such as payment arrears and pension obligations).<\/span><\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" SAGA ComplianceWhat is SAGA SAGA refers to Standard Accounting System for Government Agencies. SAGA is either a customized accounting and financial application system\u00a0or Commercial Off-The-Shelf (COTS) as well as a support system related to financial data that integrates with it. The application system needs to\u00a0comply with the accounting and financial systems design approved by Accountants […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-397","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/sagacloud.my\/index.php?rest_route=\/wp\/v2\/pages\/397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sagacloud.my\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sagacloud.my\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sagacloud.my\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sagacloud.my\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=397"}],"version-history":[{"count":2,"href":"https:\/\/sagacloud.my\/index.php?rest_route=\/wp\/v2\/pages\/397\/revisions"}],"predecessor-version":[{"id":399,"href":"https:\/\/sagacloud.my\/index.php?rest_route=\/wp\/v2\/pages\/397\/revisions\/399"}],"wp:attachment":[{"href":"https:\/\/sagacloud.my\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Objectives<\/h2>\n
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Accrual Accounting for Government<\/h1>\n
What is Accrual Accounting<\/strong><\/h2>\n