Question 1:
i) Measure the significance of accounting in Public Sector.
ii) How far has Governmental Accounting Standards Board (GASB) changed asset management, financial reporting and valuation in Public Sector?
Question 2:
Assume there are two Printing & Publishing companies, one operating in Public sector and one in Private Sector. Critically analyze the methodologies which each company is likely to employ to appraise the investment in Research and Development.
Question 3:
i) How can risks be handled in Public Sector?
ii) Can e-government be competent means of providing financial information?
Question 4:
i) What are the reasons behind the expenditure mismanagement in poor countries?
ii) Critically measure the Medium Term Expenditure Framework (MTEF) as a medication to such mismanagement?