Primary Users – NBC Institute

PSAF – Nov 2018 – L2 – Q1a – The context of public financial management

Identify primary users of GPFRs and their information needs in public sector financial reporting.

Question

a) According to the Conceptual Framework for General Purpose Financial Reporting (GPFR) for Public Sector Entities issued by IPSASB, GPFR of public sector entities are developed primarily to respond to the information needs of the primary users who do not possess the authority to require a public sector entity to disclose the information they need for accountability and decision-making purposes. It adds that the objectives of financial reporting are therefore determined by reference to the users of GPFRs, and their information needs.

Required:
i) In relation to the Conceptual Framework, which category of users is regarded as primary users of the GPFRs of public sector entities? (2 marks)

ii) When preparing financial reports for the Consolidated Fund of Government, identify THREE (3) primary users and their information needs you would endeavour to meet. (3 marks)

Answer

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Tags: Conceptual Framework, GPFR, Information Needs, Primary Users, Public Sector
Level: Level 2

Topic: The context of public financial management
Series: NOV 2018

PSAF – Nov 2021 – L2 – Q1b – General purpose financial reporting framework

Explain the information needs of primary users in GPFR and discuss why not every public sector entity is a reporting entity.

Question

General purpose financial reporting is concerned with the provision of information to users for accountability and decision-making purposes. It is said that financial reporting is not an end in itself but a means to an end. However, this does not mean that every public sector entity is a reporting entity.

Required:
i) In reference to the Conceptual Framework of General Purpose Financial Reporting, explain the information needs of FIVE (5) primary users of general purpose financial reports.
(7 marks)

ii) Discuss the statement “This does not mean that every public sector entity is a reporting entity.”
(3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: GPFR, Information Needs, Primary Users, Public Sector Accounting
Level: Level 2

Topic: General purpose financial reporting framework
Series: NOV 2021

PSAF – Nov 2018 – L2 – Q1a – The context of public financial management

Identify primary users of GPFRs and their information needs in public sector financial reporting.

Question

Required:
i) In relation to the Conceptual Framework, which category of users is regarded as primary users of the GPFRs of public sector entities? (2 marks)

ii) When preparing financial reports for the Consolidated Fund of Government, identify THREE (3) primary users and their information needs you would endeavour to meet. (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Conceptual Framework, GPFR, Information Needs, Primary Users, Public Sector
Level: Level 2

Topic: The context of public financial management
Series: NOV 2018

PSAF – Nov 2021 – L2 – Q1b – General purpose financial reporting framework

Explain the information needs of primary users in GPFR and discuss why not every public sector entity is a reporting entity.

Question

ii) Discuss the statement “This does not mean that every public sector entity is a reporting entity.”
(3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: GPFR, Information Needs, Primary Users, Public Sector Accounting
Level: Level 2

Topic: General purpose financial reporting framework
Series: NOV 2021

Question Tag: Primary Users

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PSAF – Nov 2018 – L2 – Q1a – The context of public financial management

Identify primary users of GPFRs and their information needs in public sector financial reporting.

PSAF – Nov 2021 – L2 – Q1b – General purpose financial reporting framework

Explain the information needs of primary users in GPFR and discuss why not every public sector entity is a reporting entity.

PSAF – Nov 2018 – L2 – Q1a – The context of public financial management

Identify primary users of GPFRs and their information needs in public sector financial reporting.

PSAF – Nov 2021 – L2 – Q1b – General purpose financial reporting framework

Explain the information needs of primary users in GPFR and discuss why not every public sector entity is a reporting entity.

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PSAF – Nov 2018 – L2 – Q1a – The context of public financial management

Identify primary users of GPFRs and their information needs in public sector financial reporting.

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PSAF – Nov 2021 – L2 – Q1b – General purpose financial reporting framework

Explain the information needs of primary users in GPFR and discuss why not every public sector entity is a reporting entity.

You're reporting an error for "PSAF – Nov 2021 – L2 – Q1b – General purpose financial reporting framework"

PSAF – Nov 2018 – L2 – Q1a – The context of public financial management

Identify primary users of GPFRs and their information needs in public sector financial reporting.

You're reporting an error for "PSAF – Nov 2018 – L2 – Q1a – The context of public financial management"

PSAF – Nov 2021 – L2 – Q1b – General purpose financial reporting framework

Explain the information needs of primary users in GPFR and discuss why not every public sector entity is a reporting entity.

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