property management – NBC Institute

PSAF – Nov 2018 – L2 – Q2 – International Public Sector Accounting Standards (IPSAS)

Discuss reasons for holding investment properties and IPSAS 16 measurement methods, providing examples of investment and non-investment properties.

Question

In line with the Government’s efforts at promoting accountability and transparency, the Federal Government of Nigeria has adopted and is implementing the International Public Sector Accounting Standards (IPSAS). The IPSAS 16 specifically deals with Investment Property which could be land, building, or both. A public sector entity may be established to manage such property portfolios on a commercial basis. An example of such an entity could be a University or Local Government.

Required:
a. Discuss two reasons for holding investment property and the two methods of measurement as contained in IPSAS 16.
(8 Marks)
b. Illustrate with four examples each of investment property and non-investment property.
(12 Marks)

Answer

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Tags: Investment Property, IPSAS 16, property management, Public Sector Accounting
Level: Level 2

Topic: International public sector accounting standards
Series: NOV 2018

PSAF – Nov 2020 – L2 – Q5b – Public sector financing initiatives

State and explain three measures the Finance Minister shall take when recognizing illegally occupied government land or building.

Question

In accordance with Section 4 (2) (d) of the Public Financial Management Act 2016 (Act 921), the Minister of Finance shall manage Government property, Financial assets, Government debts, Government guarantees, and other contingent liabilities specified under Act 921. Paragraph 160 (2) of Public Financial Management Regulations, L.I 2378 of 2019 sets out measures the Finance Minister shall take upon recognizing that Government land or building is illegally occupied by an unauthorized person.

Required:

State and explain THREE (3) measures the Finance Minister shall take, upon recognizing that Government land or building of a covered entity is illegally occupied by an unauthorized person. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Government property, PFM Act, property management, Public Sector Accounting
Level: Level 2

Topic: Public sector financing initiatives
Series: NOV 2020

PSAF – Nov 2018 – L2 – Q2 – International Public Sector Accounting Standards (IPSAS)

Discuss reasons for holding investment properties and IPSAS 16 measurement methods, providing examples of investment and non-investment properties.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Investment Property, IPSAS 16, property management, Public Sector Accounting
Level: Level 2

Topic: International public sector accounting standards
Series: NOV 2018

PSAF – Nov 2020 – L2 – Q5b – Public sector financing initiatives

State and explain three measures the Finance Minister shall take when recognizing illegally occupied government land or building.

Question

Required:

State and explain THREE (3) measures the Finance Minister shall take, upon recognizing that Government land or building of a covered entity is illegally occupied by an unauthorized person. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Government property, PFM Act, property management, Public Sector Accounting
Level: Level 2

Topic: Public sector financing initiatives
Series: NOV 2020

Question Tag: property management

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PSAF – Nov 2018 – L2 – Q2 – International Public Sector Accounting Standards (IPSAS)

Discuss reasons for holding investment properties and IPSAS 16 measurement methods, providing examples of investment and non-investment properties.

PSAF – Nov 2020 – L2 – Q5b – Public sector financing initiatives

State and explain three measures the Finance Minister shall take when recognizing illegally occupied government land or building.

PSAF – Nov 2018 – L2 – Q2 – International Public Sector Accounting Standards (IPSAS)

Discuss reasons for holding investment properties and IPSAS 16 measurement methods, providing examples of investment and non-investment properties.

PSAF – Nov 2020 – L2 – Q5b – Public sector financing initiatives

State and explain three measures the Finance Minister shall take when recognizing illegally occupied government land or building.

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PSAF – Nov 2018 – L2 – Q2 – International Public Sector Accounting Standards (IPSAS)

Discuss reasons for holding investment properties and IPSAS 16 measurement methods, providing examples of investment and non-investment properties.

You're reporting an error for "PSAF – Nov 2018 – L2 – Q2 – International Public Sector Accounting Standards (IPSAS)"

PSAF – Nov 2020 – L2 – Q5b – Public sector financing initiatives

State and explain three measures the Finance Minister shall take when recognizing illegally occupied government land or building.

You're reporting an error for "PSAF – Nov 2020 – L2 – Q5b – Public sector financing initiatives"

PSAF – Nov 2018 – L2 – Q2 – International Public Sector Accounting Standards (IPSAS)

Discuss reasons for holding investment properties and IPSAS 16 measurement methods, providing examples of investment and non-investment properties.

You're reporting an error for "PSAF – Nov 2018 – L2 – Q2 – International Public Sector Accounting Standards (IPSAS)"

PSAF – Nov 2020 – L2 – Q5b – Public sector financing initiatives

State and explain three measures the Finance Minister shall take when recognizing illegally occupied government land or building.

You're reporting an error for "PSAF – Nov 2020 – L2 – Q5b – Public sector financing initiatives"

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