Question Tag: Covered Entity

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PSAF – Nov 2019 – L2 – Q5c – The context of public financial management

This question asks for the conditions that must be met by a Principal Spending Officer before a payment is made by a covered entity.

c) State THREE (3) conditions that must be met by a Principal Spending Officer before payment is made by a covered entity.
(3 marks)

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PSAF – May 2020 – L1 – Q1c – The context of public financial management

Define what constitutes a covered entity in Public Sector Accounting and Finance.

Explain what a covered entity is in Public Sector Accounting and Finance.

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PSAF – May 2018 – L2 – Q2a – The context of public financial management

Define a Covered Entity, Public Funds, and identify sources for the Sinking Fund under the PFM Act 2016.

The Public Financial Management (PFM) Act 2016, Act 921 applies to a covered entity and a public officer responsible for receiving, using, or managing public funds. The PFM Act, Act 921 provides for the creation of a sinking fund by the Minister to be used to redeem specific debt obligations of the Government.

Required:
i) What is “a Covered Entity” as defined by the PFM Act 2016, Act 921? (3 marks)

ii) What is “Public Funds” as defined by the PFM Act 2016, Act 921? (2 marks)

iii) Identify FIVE sources of money for the sinking fund. (5 marks)

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PSAF – Nov 2019 – L2 – Q5c – The context of public financial management

This question asks for the conditions that must be met by a Principal Spending Officer before a payment is made by a covered entity.

c) State THREE (3) conditions that must be met by a Principal Spending Officer before payment is made by a covered entity.
(3 marks)

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You're reporting an error for "PSAF – Nov 2019 – L2 – Q5c – The context of public financial management"

PSAF – May 2020 – L1 – Q1c – The context of public financial management

Define what constitutes a covered entity in Public Sector Accounting and Finance.

Explain what a covered entity is in Public Sector Accounting and Finance.

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You're reporting an error for "PSAF – May 2020 – L1 – Q1c – The context of public financial management"

PSAF – May 2018 – L2 – Q2a – The context of public financial management

Define a Covered Entity, Public Funds, and identify sources for the Sinking Fund under the PFM Act 2016.

The Public Financial Management (PFM) Act 2016, Act 921 applies to a covered entity and a public officer responsible for receiving, using, or managing public funds. The PFM Act, Act 921 provides for the creation of a sinking fund by the Minister to be used to redeem specific debt obligations of the Government.

Required:
i) What is “a Covered Entity” as defined by the PFM Act 2016, Act 921? (3 marks)

ii) What is “Public Funds” as defined by the PFM Act 2016, Act 921? (2 marks)

iii) Identify FIVE sources of money for the sinking fund. (5 marks)

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