Advances – NBC Institute

PSAF – May 2016 – L2 – Q2b – Public Sector Fiscal Planning and Budgeting

Identify procedures in commitment accounting and explain reasons for writing off advances in the public sector.

Question

i) Commitment accounting begins with the commitment process.

Required:
Identify THREE procedures involved in the commitment process. (3 marks)

ii) Heads of departments have administering authority for advances, recoveries, and proper record keeping in addition to administering losses incurred in advances issued to staff of their department (FAR 121).

Required:
Explain TWO reasons why a head of a government entity may decide to write off advances owed by public officials. (2 marks)

Answer

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Tags: Advances, Commitment Accounting, Financial management, Public Sector Accounting, Public Sector Policies, Write-Offs
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: MAY 2016

Question Tag: Advances

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PSAF – May 2016 – L2 – Q2b – Public Sector Fiscal Planning and Budgeting

Identify procedures in commitment accounting and explain reasons for writing off advances in the public sector.

PSAF – May 2016 – L2 – Q2b – Public Sector Fiscal Planning and Budgeting

Identify procedures in commitment accounting and explain reasons for writing off advances in the public sector.

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PSAF – May 2016 – L2 – Q2b – Public Sector Fiscal Planning and Budgeting

Identify procedures in commitment accounting and explain reasons for writing off advances in the public sector.

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PSAF – May 2016 – L2 – Q2b – Public Sector Fiscal Planning and Budgeting

Identify procedures in commitment accounting and explain reasons for writing off advances in the public sector.

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