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PSAF – May 2022 – L2 – SA – Q1 – The Budgeting Process in the Public Sector

Prepare proposed budget estimates for 2021-2023 based on actual and approved estimates for the year 2020.

Question

The ministry of finance of Ojaja Republic prepared the aggregate Medium-Term Expenditure-Framework (MTEF) budget for consideration by the National Assembly as contained in the country’s Constitution. The following are the MTEF actual budget estimates and the approved budget estimates by various sectors as thoroughly screened by the Budget Committees of the Senate and House of Representatives:

Ojaja Federal Republic Summary of total budgeted expenditure by sector for 2020

Sector Code	Sector Name	Actual Estimates 2020 (N’m)	Approved Estimates 2020 (N’m)
01	Administrative Sector
	Personnel Cost	40,000	34,000
	Overhead Cost	25,000	21,250
	Consolidated Revenue Charges	18,600	15,810
	Capital Expenditure	62,400	53,040
	Sub-Total	146,000	124,100
02	Economic Sector
	Personnel Cost	22,500	20,250
	Overhead Cost	12,600	11,340
	Consolidated Revenue Charges	28,600	25,740
	Capital Expenditure	41,300	37,170
	Sub-Total	105,000	94,500
03	Law and Justice Sector
	Personnel Cost	15,800	15,800
	Overhead Cost	20,200	20,200
	Consolidated Revenue Charges	17,500	17,500
	Capital Expenditure	38,500	38,500
	Sub-Total	92,000	92,000
04	Regional Sector
	Personnel Cost	40,800	38,760
	Overhead Cost	22,200	21,090
	Consolidated Revenue Charges	16,700	15,865
	Capital Expenditure	32,300	30,685
	Sub-Total	112,000	106,400

Summary of total expenditure by sectors:

Description	Actual Estimates 2020 (N’m)	Approved Estimates 2020 (N’m)
Personnel Cost	119,100	108,810
Overhead Cost	80,000	73,880
Consolidated Revenue Charges	81,400	74,915
Capital Expenditure	174,500	159,395
Total	455,000	417,000

Additional Information:
(i) Administrative sector – all costs at an incremental basis of 15%, except for capital expenditure which will increase by 10%.
(ii) Economic sector – all costs at an incremental basis of 25%, except for overhead cost which will decrease by 5%.
(iii) Law and justice sector – all costs at a declining basis of 5%, except for personnel cost which will increase by 10%.
(iv) Regional sector – all costs at an incremental basis of 10%, except for consolidated revenue charges which will decrease by 15%.

Required:
a. Prepare proposed budget estimates for 2021, 2022, and 2023 based on the approved estimates for the year 2020. (20 Marks)
b. Explain the following in relation to National Chart of Accounts (NCOA) structure for budgeting:
i. Functional segment (2 Marks)
ii. Programme segment (2 Marks)
iii. Geographical segment (2 Marks)
c. Enumerate FOUR steps required for budgeting with the National Chart of Accounts. (4 Marks)

Answer

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Tags: Budgeting, Government Accounting, National Chart of Accounts, Public Expenditure, Public Finance
Level: Level 2

Topic: The Budgeting Process in the Public Sector
Series: MAY 2022

PSAF – Nov 2020 – L2 – Q1 – International Public Sector Accounting Standards (IPSAS)

Discuss IPSAS transition exemptions and prepare financial statements for Oranta State Government using IPSAS accrual.

Question

IPSAS 33, gives a transition relief (exemption) of up to three years within which to develop models for transiting to IPSAS accrual. However, the government of Nigeria adopted accrual IPSAS on revenue from exchange transactions effective January 1, 2016.

Oranta State Government mandated the Accountant-General of the State to implement the IPSAS accrual in the preparation of their financial statements with effect from January 2018 which was complied with accordingly.

For the smooth implementation of IPSAS accrual, the State Executive Council approved the following:

(i) Asset valuation committee to be chaired by the Deputy Governor with the Commissioner of Finance, Commissioner of Budget and Planning, Chairman State Internal Revenue Service, Accountant-General of the State, and Head of Service as members while a Director in the Office of the Secretary to the State Government was appointed as the Secretary.
(ii) The Committee was mandated to value all the State assets and liabilities on or before the implementation of IPSAS accrual.
(iii) The Committee was allowed to engage the services of competent valuers for the job.
(iv) The valuation of the assets and liabilities should be on a continuous basis and any value agreed and approved by the State Executive Council should be brought into the books in the year of valuation.
(v) All assets and liabilities incurred after implementation of IPSAS accrual should be recognized in the year they occurred.

The consolidated trial balance for the year ended December 31, 2017, based on IPSAS cash is as follows:

Extracted consolidated cashbook for the year 2018:

The following information is relevant:
(i) The employees‟ salaries and wages bill for the month of December 2018
amounting to N6.5billion was outstanding at the end of the year.
(ii) The following information was extracted from the unit in charge of
accounting for property, plant and equipment (PPE): 100 sets of HP
computers were received from Koko Computers Limited to assist the State
government to eradicate ghost workers from the payroll- the HP series
P1120, 2016 model. Based on this information, a call was made to three of
their computer suppliers to find out the current price of the HP P1120. Two of
the suppliers quoted N450,000 each, while one quoted N500,500 each.
Based on this information, the fair value of the computers, were taken as
N500,000 each.
(iii) The government during the year received an asset valuation report from the
Asset Valuation Committee that was set up to carry out the valuation of the
old assets and liabilities of the State.
(iv) The following values were recommended and approved by the State
Executive Council respectively:

(v) Pension and gratuity of N15 billion was outstanding at the end of the year
(vi) Some of the accounting policies adopted by the government for depreciation
include the following rates;

(vii) During the year, one of the contractors took the State to court for breach of
contract. The case was still in court as at the end of the year and from all
indications, judgment will eventually be in his favour. The legal adviser
estimated the judgment debt to be N50million.
(viii) Value of office consumables based on inventory sheet as at December 31,
2018 was N550million.
(ix) The following expenses were incurred but not settled as at end of the year.

(x) An extract from the foreign loan amortisation schedule indicates that a total
sum of N32billion comprising principal and interest of N2billion was due
and paid during the year. Also domestic loan of N13billion comprising
principal and interest of N1billion was paid during the year. The interest
payable on domestic and external loans at the end of the year amounted to
N3billion and N5 billion respectively.
(xi) The investment of 10% treasury bills for 360 days was due to mature on
January 1, 2018 and reinvested immediately for another term.
(xii) The revolving loan attracts interest of 4% per annum and it is paid along
with the principal.
Required:
a. In line with the provisions of IPSAS 33, explain how the following revenue
from exchange transactions should be recognised:
i. Aid and grants receivable as at December 31, 2015 (2 Marks)

ii. Debt forgiveness approved on or after January 1, 2016 (2 Marks)
iii. Personal income tax on or after January 1, 2016 (2 Marks)
b. Prepare in vertical form:
i. Statement of financial performance for the year December 31, 2018.
(17 Marks)
ii. Statement of financial position for the year December 31, 2018.
(17 Marks)
(Total 40 Marks)

Answer

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Tags: Accrual Basis, Asset Valuation, Government Accounting, IPSAS, Revenue Recognition
Level: Level 2

Topic: International public sector accounting standards
Series: NOV 2020

PSAF – Nov 2021 – L2 – Q3a – Government Accounting Concepts and Principles

Discuss observations and features of a good public sector accounting system in developing countries.

Question

The records of research work in the individual countries in the ‘third world’ are difficult to obtain, unlike in the advanced countries, where research work has been documented and published.

Required:

Discuss FIVE observations and FIVE features of a good system of public sector accounting in the developing countries as contained in the United Nations Manual on Government Accounting.

Answer

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Tags: Developing Countries, Government Accounting, Public Sector Accounting, UN Manual
Level: Level 2

Topic: Government Accounting Concepts and Principles
Series: NOV 2021

PSAF – May 2018 – L2 – Q1 – Introduction to Public Sector Accounting

Preparation of adjusted cash book and bank reconciliation, and reporting procedures for fraud in a public sector context.

Question

It has become a very important task for Accounting Officers of Ministries, Departments, and Agencies (MDAs) to pay more attention to and make regular checks on their corporation’s cash books and bank accounts.

Internal control systems are usually put in place to prevent the possibility of committing errors and fraud. This has been more challenging and requires all accounting officers to be more knowledgeable in the act of keeping records. Every organization has to keep a close watch on its bank account transactions to guard against fraud or the infiltration of extraneous entries. This is done through regular preparation of bank reconciliation statements.

As a result of widespread internet fraud, the Accounting Officer of the Ministry of Land and Housing, Alhaji Maito Garba, has been concerned with the Ministry’s banking transactions. In recent times, there have been challenges reconciling the Ministry’s banking transactions. There was no time when the Ministry’s bank balance agreed with the cash book balance. However, there was no adequate information to suggest that there was fraud or misappropriation of funds. Nonetheless, Alhaji Maito Garba invited you to his office for professional advice.

He informed you that the Director of Finance of the Ministry had been avoiding him on matters relating to the Ministry’s bank and cash positions.

He also informed you that he was able to retrieve some of the finance department’s data, which he handed over to you as detailed below:

Transactions recorded in the books for the year ended December 31, 2017
(Amount in N’000)

Description	N’000
Subvention received	55,000.00
Interest from investment	3,501.68
Rent on property	11,300.35
Ground rent	16,801.00
Saving deposits interest	6,281.00
Grants for construction of estates	51,301.50
Deposits for land	19,000.60
Personnel costs	36,801.00
Travel and transport	7,000.40
Telephone services	2,401.50
Repairs of property	4,868.25
Stationery	901.86
Provision of water for estate	14,300.60
Consultancy services	3,001.26
Training and staff development	1,001.56
Auditing and staff development	1,500.00
Entertainment and hospitality	500.00
Construction of estate	35,607.58
Construction of access roads	8,400.60
Cash book balance as at 1/1/2017	21,500.00

Preliminary investigations revealed the following information:

1,370 prospective landowners deposited N10,000 each, while 580 deposited N20,000 for high- and low-density areas of the estate, respectively.
Included in the payments for the construction of the estate were various duplicated vouchers amounting to N9 million.
The bank balance as per the statement on December 31, 2017, was N39,560,600.
Uncredited cheques amounted to N6.9 million, while unpresented cheques stood at N4,337,800.
There were some falsifications in the bills for items bought for the provision of water for the estate.

Required:

a. Prepare the adjusted cash book for the Ministry of Land and Housing for the year ended December 31, 2017. (10 Marks)

b. Prepare the bank reconciliation statement for the Ministry of Land and Housing as of December 31, 2017. (10 Marks)

c. Identify FOUR statutory institutions that the suspicious case(s) of fraud in (b) above could be reported to. (4 Marks)

d. State FOUR procedures that should be followed by the Accounting Officer in reporting the case(s) of fraud to the statutory institutions in (c) above. (4 Marks)

e. Identify TWO related offenses that two of the statutory institutions in (c) above can deal with in this case. (2 Marks)

Answer

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Tags: Bank Reconciliation, Fraud Detection, Government Accounting, Internal Controls
Level: Level 2

Topic: Introduction to Public Sector Accounting
Series: MAY 2018

PSAF – Nov 2021 – L2 – Q1a – Introduction to Public Sector Accounting

Prepare a statement of cash flows using the direct method for Harmony State Government for the year ending December 31, 2020.

Question

The following information was extracted from the records of the Accountant-General of Harmony State for the year ended December 31, 2020:

The following additional information was made available:
(i) Owing to the inability of the State to fulfill its obligation towards the
payment of the salaries of local government staff, a federal government
bailout of N301,024,000 was received after fulfilling all necessary
criteria set for accessing the fund.
(ii) During the year, the state government made claims for the repayment
of N65,483,000 relating to funds spent on the rehabilitation of federal
roads and was granted.
(iii) Details emerging from the Federation Accounts and Allocation
Committee (FAAC) showed the following:

(iv) Capital expenditure funded from aids and grants and external loan
amounted to N15,387,748,000
(v) During the year, the federal government made a transfer for the refund
on reconciliation of Paris Club account amounting to N41,310,000
(vi) Refund of bank charges to the Ministry of Finance in the state amounted
to N51,112,000.
(vii) Cash and cash equivalents as at January 1, 2020 and December 31, 2020
N1,546,699 and N301,657,000 respectively.
(viii) Other revenue sources of the state government during the year also
included an exchange difference amounting to N490,575,000.
(ix) Details of capital expenditure are categorised as follows:

Required:
a. Prepare statement of cash flows using direct method for the Harmony
State government for the year ended December 31, 2020.

Answer

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Tags: Cash Flows, Direct Method, FAAC, Government Accounting, MTEF
Level: Level 2

Topic: Introduction to Public Sector Accounting
Series: NOV 2021

PSAF – Mar/July 2020 – L2 – Q4 – Responsibilities of EFCC and Debt Burden Transfer

This question requires the preparation of financial statements for Amotekun State University of Education, Ode, for 2018.

Question

b. Amotekun State University of Education, Ode, was the second university established by the Amotekun State of Nigeria. The government, as a mark of its commitment towards the survival of this young institution, has continued to support the University Senate in all its efforts. At the last meeting of the stakeholders, held at the state hotel, Igbo, on June 30, 2019, the Bursar presented the following financial statements for discussion and approval:
Amotekun State University of Education
Statement of Financial Position as at December 31, 2018

The following notes form an integral part of these accounts.
Amotekun State University of Education
Statement of financial performance for the year ended December 31, 2018

The following notes which form an integral part of the accounts, were also provided

2.
The Oke-Mosan Microfinance Bank balance in 2018 represents the „short term
loan

The Chairman of the Governing Council, who incidentally is a chartered accountant, observed that the financial statements appeared incomplete because no statement of cash flows was prepared.
Required:
Prepare, a statement of cash flows for Amotekun State University of Education for the year ended December 31, 2018, using the direct method in accordance with IPSAS 2

Answer

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Tags: Financial Statements, Government Accounting, Public sector financial reporting
Level: Level 2

Topic: Public Sector Financial Statements
Series: MAR/JULY 2020

PSAF – March 2024 – L2 – Q3 – PEFA Framework and Budget Performance Report

Discuss the benefits of the PEFA framework, sources of information for PEFA assessment, and the preparation and interpretation of a budget performance report.

Question

a) The Public Financial Management Regulation, LI 2378 defines Public Financial Management (PFM) as laws, rules, systems, and processes used by the Government to mobilize revenue, allocate public funds, undertake public spending, account for funds, and audit results. In 2001, a group of development partners initiated the Public Expenditure and Financial Accountability (PEFA) framework to assess the status of public financial management at central and local government levels. Since then, Ghana has subjected itself to periodic assessments in an attempt to improve the country’s PFM system.

Required:
i) Discuss FOUR (4) benefits the use of the PEFA framework can bring to a country. (6 marks)
ii) Explain FOUR (4) sources of information for PEFA assessment. (4 marks)

b) Budget Performance Report is one of the major accountability provisions under the Public Financial Management laws. Regulation 215(2) of the Public Financial Management Regulation, 2019, LI 2378 provides that each Principal Account Holder shall not later than 31 March of the ensuing year submit an annual budget performance report to parliament. The following is an extract from the GIFMIS platform representing Government of Ghana funding for the Ministry of Sanitation for the year 2023.

Budget Item	Annual Appropriation (GH¢’000)	YTD Warrant (GH¢’000)	YTD Payments (GH¢’000)
Compensation of Employees	25,500	18,280	17,450
Goods and Services	5,000	3,450	3,400
Capital Expenditure	8,780	1,220	550
Total	39,280	22,950	21,400

Required:
i) Explain the meaning of Annual Appropriation and YTD Warrant to the Principal Account Holder of the ministry. (2 marks)
ii) Enumerate TWO (2) issues that should be specified in the Annual Budget Performance Report to be submitted by the Principal Account Holder according to the Regulations 215 of LI 2378. (2 marks)
iii) Prepare a Statement of Budget Performance Report for the year 2023 showing the budget-warrant outturns and warrant utilization rates. (3 marks)
iv) Interpret the budget performance statement in (iii) above to facilitate the Minister’s upcoming meeting with the select committee of parliament as required under the law. (3 marks)

Answer

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Tags: Budget Performance, Financial Reporting, Government Accounting, PEFA Framework, Public Financial Management
Level: Level 2

PSAF – May 2022 – L2 – SA – Q1 – The Budgeting Process in the Public Sector

Prepare proposed budget estimates for 2021-2023 based on actual and approved estimates for the year 2020.

Question

Ojaja Federal Republic Summary of total budgeted expenditure by sector for 2020

Sector Code	Sector Name	Actual Estimates 2020 (N’m)	Approved Estimates 2020 (N’m)
01	Administrative Sector
	Personnel Cost	40,000	34,000
	Overhead Cost	25,000	21,250
	Consolidated Revenue Charges	18,600	15,810
	Capital Expenditure	62,400	53,040
	Sub-Total	146,000	124,100
02	Economic Sector
	Personnel Cost	22,500	20,250
	Overhead Cost	12,600	11,340
	Consolidated Revenue Charges	28,600	25,740
	Capital Expenditure	41,300	37,170
	Sub-Total	105,000	94,500
03	Law and Justice Sector
	Personnel Cost	15,800	15,800
	Overhead Cost	20,200	20,200
	Consolidated Revenue Charges	17,500	17,500
	Capital Expenditure	38,500	38,500
	Sub-Total	92,000	92,000
04	Regional Sector
	Personnel Cost	40,800	38,760
	Overhead Cost	22,200	21,090
	Consolidated Revenue Charges	16,700	15,865
	Capital Expenditure	32,300	30,685
	Sub-Total	112,000	106,400

Summary of total expenditure by sectors:

Description	Actual Estimates 2020 (N’m)	Approved Estimates 2020 (N’m)
Personnel Cost	119,100	108,810
Overhead Cost	80,000	73,880
Consolidated Revenue Charges	81,400	74,915
Capital Expenditure	174,500	159,395
Total	455,000	417,000

Answer

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Tags: Budgeting, Government Accounting, National Chart of Accounts, Public Expenditure, Public Finance
Level: Level 2

Topic: The Budgeting Process in the Public Sector
Series: MAY 2022

PSAF – Nov 2020 – L2 – Q1 – International Public Sector Accounting Standards (IPSAS)

Discuss IPSAS transition exemptions and prepare financial statements for Oranta State Government using IPSAS accrual.

Question

For the smooth implementation of IPSAS accrual, the State Executive Council approved the following:

The consolidated trial balance for the year ended December 31, 2017, based on IPSAS cash is as follows:

Extracted consolidated cashbook for the year 2018:

(v) Pension and gratuity of N15 billion was outstanding at the end of the year
(vi) Some of the accounting policies adopted by the government for depreciation
include the following rates;

Answer

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Tags: Accrual Basis, Asset Valuation, Government Accounting, IPSAS, Revenue Recognition
Level: Level 2

Topic: International public sector accounting standards
Series: NOV 2020

PSAF – Nov 2021 – L2 – Q3a – Government Accounting Concepts and Principles

Discuss observations and features of a good public sector accounting system in developing countries.

Question

The records of research work in the individual countries in the ‘third world’ are difficult to obtain, unlike in the advanced countries, where research work has been documented and published.

Required:

Discuss FIVE observations and FIVE features of a good system of public sector accounting in the developing countries as contained in the United Nations Manual on Government Accounting.

Answer

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Tags: Developing Countries, Government Accounting, Public Sector Accounting, UN Manual
Level: Level 2

Topic: Government Accounting Concepts and Principles
Series: NOV 2021

PSAF – May 2018 – L2 – Q1 – Introduction to Public Sector Accounting

Preparation of adjusted cash book and bank reconciliation, and reporting procedures for fraud in a public sector context.

Question

He informed you that the Director of Finance of the Ministry had been avoiding him on matters relating to the Ministry’s bank and cash positions.

He also informed you that he was able to retrieve some of the finance department’s data, which he handed over to you as detailed below:

Transactions recorded in the books for the year ended December 31, 2017
(Amount in N’000)

Description	N’000
Subvention received	55,000.00
Interest from investment	3,501.68
Rent on property	11,300.35
Ground rent	16,801.00
Saving deposits interest	6,281.00
Grants for construction of estates	51,301.50
Deposits for land	19,000.60
Personnel costs	36,801.00
Travel and transport	7,000.40
Telephone services	2,401.50
Repairs of property	4,868.25
Stationery	901.86
Provision of water for estate	14,300.60
Consultancy services	3,001.26
Training and staff development	1,001.56
Auditing and staff development	1,500.00
Entertainment and hospitality	500.00
Construction of estate	35,607.58
Construction of access roads	8,400.60
Cash book balance as at 1/1/2017	21,500.00

Preliminary investigations revealed the following information:

1,370 prospective landowners deposited N10,000 each, while 580 deposited N20,000 for high- and low-density areas of the estate, respectively.
Included in the payments for the construction of the estate were various duplicated vouchers amounting to N9 million.
The bank balance as per the statement on December 31, 2017, was N39,560,600.
Uncredited cheques amounted to N6.9 million, while unpresented cheques stood at N4,337,800.
There were some falsifications in the bills for items bought for the provision of water for the estate.

Required:

a. Prepare the adjusted cash book for the Ministry of Land and Housing for the year ended December 31, 2017. (10 Marks)

b. Prepare the bank reconciliation statement for the Ministry of Land and Housing as of December 31, 2017. (10 Marks)

c. Identify FOUR statutory institutions that the suspicious case(s) of fraud in (b) above could be reported to. (4 Marks)

d. State FOUR procedures that should be followed by the Accounting Officer in reporting the case(s) of fraud to the statutory institutions in (c) above. (4 Marks)

e. Identify TWO related offenses that two of the statutory institutions in (c) above can deal with in this case. (2 Marks)

Answer

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Tags: Bank Reconciliation, Fraud Detection, Government Accounting, Internal Controls
Level: Level 2

Topic: Introduction to Public Sector Accounting
Series: MAY 2018

PSAF – Nov 2021 – L2 – Q1a – Introduction to Public Sector Accounting

Prepare a statement of cash flows using the direct method for Harmony State Government for the year ending December 31, 2020.

Question

The following information was extracted from the records of the Accountant-General of Harmony State for the year ended December 31, 2020:

Required:
a. Prepare statement of cash flows using direct method for the Harmony
State government for the year ended December 31, 2020.

Answer

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Tags: Cash Flows, Direct Method, FAAC, Government Accounting, MTEF
Level: Level 2

Topic: Introduction to Public Sector Accounting
Series: NOV 2021

PSAF – Mar/July 2020 – L2 – Q4 – Responsibilities of EFCC and Debt Burden Transfer

This question requires the preparation of financial statements for Amotekun State University of Education, Ode, for 2018.

Question

The following notes form an integral part of these accounts.
Amotekun State University of Education
Statement of financial performance for the year ended December 31, 2018

The following notes which form an integral part of the accounts, were also provided

2.
The Oke-Mosan Microfinance Bank balance in 2018 represents the „short term
loan

Answer

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Tags: Financial Statements, Government Accounting, Public sector financial reporting
Level: Level 2

Topic: Public Sector Financial Statements
Series: MAR/JULY 2020

PSAF – March 2024 – L2 – Q3 – PEFA Framework and Budget Performance Report

Discuss the benefits of the PEFA framework, sources of information for PEFA assessment, and the preparation and interpretation of a budget performance report.

Question

Required:
i) Discuss FOUR (4) benefits the use of the PEFA framework can bring to a country. (6 marks)
ii) Explain FOUR (4) sources of information for PEFA assessment. (4 marks)

Budget Item	Annual Appropriation (GH¢’000)	YTD Warrant (GH¢’000)	YTD Payments (GH¢’000)
Compensation of Employees	25,500	18,280	17,450
Goods and Services	5,000	3,450	3,400
Capital Expenditure	8,780	1,220	550
Total	39,280	22,950	21,400

Answer

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Tags: Budget Performance, Financial Reporting, Government Accounting, PEFA Framework, Public Financial Management
Level: Level 2

Question Tag: Government Accounting

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PSAF – May 2022 – L2 – SA – Q1 – The Budgeting Process in the Public Sector

Prepare proposed budget estimates for 2021-2023 based on actual and approved estimates for the year 2020.

PSAF – Nov 2020 – L2 – Q1 – International Public Sector Accounting Standards (IPSAS)

Discuss IPSAS transition exemptions and prepare financial statements for Oranta State Government using IPSAS accrual.

PSAF – Nov 2021 – L2 – Q3a – Government Accounting Concepts and Principles

Discuss observations and features of a good public sector accounting system in developing countries.

PSAF – May 2018 – L2 – Q1 – Introduction to Public Sector Accounting

Preparation of adjusted cash book and bank reconciliation, and reporting procedures for fraud in a public sector context.

PSAF – Nov 2021 – L2 – Q1a – Introduction to Public Sector Accounting

Prepare a statement of cash flows using the direct method for Harmony State Government for the year ending December 31, 2020.

PSAF – Mar/July 2020 – L2 – Q4 – Responsibilities of EFCC and Debt Burden Transfer

This question requires the preparation of financial statements for Amotekun State University of Education, Ode, for 2018.

PSAF – March 2024 – L2 – Q3 – PEFA Framework and Budget Performance Report

Discuss the benefits of the PEFA framework, sources of information for PEFA assessment, and the preparation and interpretation of a budget performance report.

PSAF – May 2022 – L2 – SA – Q1 – The Budgeting Process in the Public Sector

Prepare proposed budget estimates for 2021-2023 based on actual and approved estimates for the year 2020.

PSAF – Nov 2020 – L2 – Q1 – International Public Sector Accounting Standards (IPSAS)

Discuss IPSAS transition exemptions and prepare financial statements for Oranta State Government using IPSAS accrual.

PSAF – Nov 2021 – L2 – Q3a – Government Accounting Concepts and Principles

Discuss observations and features of a good public sector accounting system in developing countries.

PSAF – May 2018 – L2 – Q1 – Introduction to Public Sector Accounting

Preparation of adjusted cash book and bank reconciliation, and reporting procedures for fraud in a public sector context.

PSAF – Nov 2021 – L2 – Q1a – Introduction to Public Sector Accounting

Prepare a statement of cash flows using the direct method for Harmony State Government for the year ending December 31, 2020.

PSAF – Mar/July 2020 – L2 – Q4 – Responsibilities of EFCC and Debt Burden Transfer

This question requires the preparation of financial statements for Amotekun State University of Education, Ode, for 2018.

PSAF – March 2024 – L2 – Q3 – PEFA Framework and Budget Performance Report

Discuss the benefits of the PEFA framework, sources of information for PEFA assessment, and the preparation and interpretation of a budget performance report.

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PSAF – May 2022 – L2 – SA – Q1 – The Budgeting Process in the Public Sector

Prepare proposed budget estimates for 2021-2023 based on actual and approved estimates for the year 2020.

You're reporting an error for "PSAF – May 2022 – L2 – SA – Q1 – The Budgeting Process in the Public Sector"

PSAF – Nov 2020 – L2 – Q1 – International Public Sector Accounting Standards (IPSAS)

Discuss IPSAS transition exemptions and prepare financial statements for Oranta State Government using IPSAS accrual.

You're reporting an error for "PSAF – Nov 2020 – L2 – Q1 – International Public Sector Accounting Standards (IPSAS)"

PSAF – Nov 2021 – L2 – Q3a – Government Accounting Concepts and Principles

Discuss observations and features of a good public sector accounting system in developing countries.

You're reporting an error for "PSAF – Nov 2021 – L2 – Q3a – Government Accounting Concepts and Principles"

PSAF – May 2018 – L2 – Q1 – Introduction to Public Sector Accounting

Preparation of adjusted cash book and bank reconciliation, and reporting procedures for fraud in a public sector context.

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PSAF – Nov 2021 – L2 – Q1a – Introduction to Public Sector Accounting

Prepare a statement of cash flows using the direct method for Harmony State Government for the year ending December 31, 2020.

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PSAF – Mar/July 2020 – L2 – Q4 – Responsibilities of EFCC and Debt Burden Transfer

This question requires the preparation of financial statements for Amotekun State University of Education, Ode, for 2018.

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PSAF – March 2024 – L2 – Q3 – PEFA Framework and Budget Performance Report

Discuss the benefits of the PEFA framework, sources of information for PEFA assessment, and the preparation and interpretation of a budget performance report.

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PSAF – May 2022 – L2 – SA – Q1 – The Budgeting Process in the Public Sector

Prepare proposed budget estimates for 2021-2023 based on actual and approved estimates for the year 2020.

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PSAF – Nov 2020 – L2 – Q1 – International Public Sector Accounting Standards (IPSAS)

Discuss IPSAS transition exemptions and prepare financial statements for Oranta State Government using IPSAS accrual.

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PSAF – Nov 2021 – L2 – Q3a – Government Accounting Concepts and Principles

Discuss observations and features of a good public sector accounting system in developing countries.

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PSAF – May 2018 – L2 – Q1 – Introduction to Public Sector Accounting

Preparation of adjusted cash book and bank reconciliation, and reporting procedures for fraud in a public sector context.

You're reporting an error for "PSAF – May 2018 – L2 – Q1 – Introduction to Public Sector Accounting"

PSAF – Nov 2021 – L2 – Q1a – Introduction to Public Sector Accounting

Prepare a statement of cash flows using the direct method for Harmony State Government for the year ending December 31, 2020.

You're reporting an error for "PSAF – Nov 2021 – L2 – Q1a – Introduction to Public Sector Accounting"

PSAF – Mar/July 2020 – L2 – Q4 – Responsibilities of EFCC and Debt Burden Transfer

This question requires the preparation of financial statements for Amotekun State University of Education, Ode, for 2018.

You're reporting an error for "PSAF – Mar/July 2020 – L2 – Q4 – Responsibilities of EFCC and Debt Burden Transfer"

PSAF – March 2024 – L2 – Q3 – PEFA Framework and Budget Performance Report

Discuss the benefits of the PEFA framework, sources of information for PEFA assessment, and the preparation and interpretation of a budget performance report.

You're reporting an error for "PSAF – March 2024 – L2 – Q3 – PEFA Framework and Budget Performance Report"

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