Public Institutions – NBC Institute

PSAF – Nov 2017 – L2 – Q2a – Public Sector Fiscal Planning and Budgeting

Describe the challenges faced by public institutions classified as GBEs in preparing financial statements under obsolete financial laws.

Question

A public sector institution has recently had its operations enhanced and modified such that they qualify as Government Business Enterprise (GBE) within the meaning of IPSAS 1. The management of the institution, in preparing their financial report for 2015, realized that the existing financial laws and regulations do not support their new status.

Required: Describe FOUR challenges Public Institutions (like the one in the preamble) face in the preparation of their financial statements when some financial laws and regulations needed to support reporting on their new status and operations have become obsolete. (4 marks)

Answer

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Tags: Financial Reporting, GBEs, IPSAS, Public Institutions, Regulatory Framework
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: NOV 2017

PSAF – May 2016 – L2 – Q2a – Public sector fiscal planning and budgeting

Explain the conditions required for government agencies to receive financial support and discuss various public financial management topics.

Question

Government agencies and subvented organisations receive financial support from the government for their operations.

Required:
Explain THREE conditions which these entities must fulfill to enable them to receive financial support from the government. (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budgeting, Commitment Accounting, Financial Conditions, Government Support, Public Institutions
Level: Level 2

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

PSAF – Nov 2017 – L2 – Q2a – Public Sector Fiscal Planning and Budgeting

Describe the challenges faced by public institutions classified as GBEs in preparing financial statements under obsolete financial laws.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Reporting, GBEs, IPSAS, Public Institutions, Regulatory Framework
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: NOV 2017

PSAF – May 2016 – L2 – Q2a – Public sector fiscal planning and budgeting

Explain the conditions required for government agencies to receive financial support and discuss various public financial management topics.

Question

Government agencies and subvented organisations receive financial support from the government for their operations.

Required:
Explain THREE conditions which these entities must fulfill to enable them to receive financial support from the government. (3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budgeting, Commitment Accounting, Financial Conditions, Government Support, Public Institutions
Level: Level 2

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

Question Tag: Public Institutions

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PSAF – Nov 2017 – L2 – Q2a – Public Sector Fiscal Planning and Budgeting

Describe the challenges faced by public institutions classified as GBEs in preparing financial statements under obsolete financial laws.

PSAF – May 2016 – L2 – Q2a – Public sector fiscal planning and budgeting

Explain the conditions required for government agencies to receive financial support and discuss various public financial management topics.

PSAF – Nov 2017 – L2 – Q2a – Public Sector Fiscal Planning and Budgeting

Describe the challenges faced by public institutions classified as GBEs in preparing financial statements under obsolete financial laws.

PSAF – May 2016 – L2 – Q2a – Public sector fiscal planning and budgeting

Explain the conditions required for government agencies to receive financial support and discuss various public financial management topics.

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PSAF – Nov 2017 – L2 – Q2a – Public Sector Fiscal Planning and Budgeting

Describe the challenges faced by public institutions classified as GBEs in preparing financial statements under obsolete financial laws.

You're reporting an error for "PSAF – Nov 2017 – L2 – Q2a – Public Sector Fiscal Planning and Budgeting"

PSAF – May 2016 – L2 – Q2a – Public sector fiscal planning and budgeting

Explain the conditions required for government agencies to receive financial support and discuss various public financial management topics.

You're reporting an error for "PSAF – May 2016 – L2 – Q2a – Public sector fiscal planning and budgeting"

PSAF – Nov 2017 – L2 – Q2a – Public Sector Fiscal Planning and Budgeting

Describe the challenges faced by public institutions classified as GBEs in preparing financial statements under obsolete financial laws.

You're reporting an error for "PSAF – Nov 2017 – L2 – Q2a – Public Sector Fiscal Planning and Budgeting"

PSAF – May 2016 – L2 – Q2a – Public sector fiscal planning and budgeting

Explain the conditions required for government agencies to receive financial support and discuss various public financial management topics.

You're reporting an error for "PSAF – May 2016 – L2 – Q2a – Public sector fiscal planning and budgeting"

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