Revenue Collection – NBC Institute

AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit

This question covers the terms related to public sector audit, procedures for auditing revenue, and the distinction between regulatory and financial audits.

Question

a. Explain the following terms in relation to Public Sector Audit:
i. Self-Accounting Unit (2 Marks)
ii. Sub-Accounting Unit (2 Marks)

b. As a staff in the Auditor-General’s office, outline SIX procedures for the audit of revenue collected on behalf of the government. (6 Marks)

c. i. Distinguish between Regulatory Audit and Financial Audit. (2 Marks)
ii. State SIX documents an auditor of a Public Sector Organisation may require in conducting a Compliance Audit. (3 Marks)
(Total 15 Marks)

Answer

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Tags: Compliance Audit, Financial audit, Public Sector Audit, Regulatory Audit, Revenue Collection
Level: Level 3

Topic: Public sector audit
Series: NOV 2012

PSA&F – Nov 2019 – L2 – Q4a – Government Revenue

Prepare a revenue collector’s cashbook for the month of August 2019 using provided data.

Question

Mr. Dokun, a revenue collector in the High Court of Okoko State, submitted the following information for the month of August 2019:

Date	Payer	Reasons for Payment	Amount (N)
5/8/19	Mr. Okon	Registration of contractor	50,000
14/8/19	Mr. Ahmed	Court fine	135,000
16/8/19	Mr. Charles	Declaration of age	1,000
20/8/19	Mr. Bako	Court fine	500,000
26/8/19	Mrs. Ogun	Registration of contractor	50,000

The money collected under this Revenue Head 300 has the following sub-heads:

Declaration of Age: 002
Court Fine: 005
Registration of Contractor: 115

All payments were made through a designated bank with bank tellers provided by the payers. The revenue collector transferred all the takings to the main cashier on August 29, 2019, and received Treasury receipt number AA12356.

Required:
Write up the revenue collector’s cashbook as at August 31, 2019.

Answer

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Tags: Cashbook, Government Receipts, Public Sector Accountability, Revenue Collection
Level: Level 2

Topic: Government Revenue
Series: NOV 2019

PT – Nov 2021 – L2 – Q2b – Withholding Tax Administration

Explain the objectives of the Withholding VAT Scheme introduced by the Ghana Revenue Authority.

Question

One of the innovations by the Ghana Revenue Authority is the introduction of the Withholding VAT Scheme. The scheme is aimed at promoting tax compliance.

Required:
Explain FOUR (4) objectives of the scheme.

Answer

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Tags: Ghana Revenue Authority, Revenue Collection, Tax Compliance, VAT Scheme, Withholding VAT
Level: Level 2

Series: NOV 2021

AT – Nov 2018 – L3 – Q4c – Tax administration

Explanation of the objectives and effects of tax amnesty on government revenue.

Question

As part of tax administration, the government rolls out tax amnesty from time to time.

Required:
i) What does tax amnesty seek to serve? (2 marks)
ii) What are the effects of tax amnesty on revenue? (2 marks)

Answer

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Tags: Penalties, Revenue Collection, Tax Amnesty, Tax Compliance
Level: Level 3

Topic: Tax administration in Ghana
Series: NOV 2018

AT – Nov 2018 – L3 – Q1c – Tax administration in Ghana

Evaluating the roles of Ghana Revenue Authority in managing the Ghanaian economy.

Question

Tax reforms have characterised global taxation. Countries have embarked on various reforms geared towards improving tax revenue to help provide the basis for infrastructural and guarantee sustainable development. Ghana has not been left out in these critical tax reforms.
Tax administration in Ghana therefore has seen a number of reforms since the 1960s, with the most recent being the integration of the Revenue Agencies into an Authority to act as a one-stop shop as per the Ghana Revenue Authority Act, 2009 (Act 791).
Required:
Evaluate FOUR (4) roles played by the Ghana Revenue Authority in the management of the Ghanaian economy. (6 marks)

Answer

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Tags: Economic Management, Fiscal Policy, Ghana Revenue Authority, Revenue Collection, Tax reforms
Level: Level 3

Topic: Tax administration in Ghana
Series: NOV 2018

PSAF – May 2019 – L2 – Q2d – Public sector fiscal planning and budgeting

Identify ways to improve Internally Generated Funds (IGF) of local governments.

Question

d) You have recently been appointed as a District Chief Executive (DCE) of a particular district. It has come to your attention that the Internally Generated Funds (IGF) of the District Assembly are very low, and you intend to address the problem for the assembly.

Required:
Identify FOUR (4) ways in which the IGF of the assembly can be improved.
(4 marks)

Answer

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Tags: Internally Generated Funds, Local Governments, Revenue Collection
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: MAY 2019

AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit

This question covers the terms related to public sector audit, procedures for auditing revenue, and the distinction between regulatory and financial audits.

Question

a. Explain the following terms in relation to Public Sector Audit:
i. Self-Accounting Unit (2 Marks)
ii. Sub-Accounting Unit (2 Marks)

b. As a staff in the Auditor-General’s office, outline SIX procedures for the audit of revenue collected on behalf of the government. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compliance Audit, Financial audit, Public Sector Audit, Regulatory Audit, Revenue Collection
Level: Level 3

Topic: Public sector audit
Series: NOV 2012

PSA&F – Nov 2019 – L2 – Q4a – Government Revenue

Prepare a revenue collector’s cashbook for the month of August 2019 using provided data.

Question

Mr. Dokun, a revenue collector in the High Court of Okoko State, submitted the following information for the month of August 2019:

Date	Payer	Reasons for Payment	Amount (N)
5/8/19	Mr. Okon	Registration of contractor	50,000
14/8/19	Mr. Ahmed	Court fine	135,000
16/8/19	Mr. Charles	Declaration of age	1,000
20/8/19	Mr. Bako	Court fine	500,000
26/8/19	Mrs. Ogun	Registration of contractor	50,000

The money collected under this Revenue Head 300 has the following sub-heads:

Declaration of Age: 002
Court Fine: 005
Registration of Contractor: 115

Required:
Write up the revenue collector’s cashbook as at August 31, 2019.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cashbook, Government Receipts, Public Sector Accountability, Revenue Collection
Level: Level 2

Topic: Government Revenue
Series: NOV 2019

PT – Nov 2021 – L2 – Q2b – Withholding Tax Administration

Explain the objectives of the Withholding VAT Scheme introduced by the Ghana Revenue Authority.

Question

One of the innovations by the Ghana Revenue Authority is the introduction of the Withholding VAT Scheme. The scheme is aimed at promoting tax compliance.

Required:
Explain FOUR (4) objectives of the scheme.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ghana Revenue Authority, Revenue Collection, Tax Compliance, VAT Scheme, Withholding VAT
Level: Level 2

Series: NOV 2021

AT – Nov 2018 – L3 – Q4c – Tax administration

Explanation of the objectives and effects of tax amnesty on government revenue.

Question

As part of tax administration, the government rolls out tax amnesty from time to time.

Required:
i) What does tax amnesty seek to serve? (2 marks)
ii) What are the effects of tax amnesty on revenue? (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Penalties, Revenue Collection, Tax Amnesty, Tax Compliance
Level: Level 3

Topic: Tax administration in Ghana
Series: NOV 2018

AT – Nov 2018 – L3 – Q1c – Tax administration in Ghana

Evaluating the roles of Ghana Revenue Authority in managing the Ghanaian economy.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic Management, Fiscal Policy, Ghana Revenue Authority, Revenue Collection, Tax reforms
Level: Level 3

Topic: Tax administration in Ghana
Series: NOV 2018

PSAF – May 2019 – L2 – Q2d – Public sector fiscal planning and budgeting

Identify ways to improve Internally Generated Funds (IGF) of local governments.

Question

Required:
Identify FOUR (4) ways in which the IGF of the assembly can be improved.
(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Internally Generated Funds, Local Governments, Revenue Collection
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: MAY 2019

Question Tag: Revenue Collection

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AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit

This question covers the terms related to public sector audit, procedures for auditing revenue, and the distinction between regulatory and financial audits.

PSA&F – Nov 2019 – L2 – Q4a – Government Revenue

Prepare a revenue collector’s cashbook for the month of August 2019 using provided data.

PT – Nov 2021 – L2 – Q2b – Withholding Tax Administration

Explain the objectives of the Withholding VAT Scheme introduced by the Ghana Revenue Authority.

AT – Nov 2018 – L3 – Q4c – Tax administration

Explanation of the objectives and effects of tax amnesty on government revenue.

AT – Nov 2018 – L3 – Q1c – Tax administration in Ghana

Evaluating the roles of Ghana Revenue Authority in managing the Ghanaian economy.

PSAF – May 2019 – L2 – Q2d – Public sector fiscal planning and budgeting

Identify ways to improve Internally Generated Funds (IGF) of local governments.

AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit

This question covers the terms related to public sector audit, procedures for auditing revenue, and the distinction between regulatory and financial audits.

PSA&F – Nov 2019 – L2 – Q4a – Government Revenue

Prepare a revenue collector’s cashbook for the month of August 2019 using provided data.

PT – Nov 2021 – L2 – Q2b – Withholding Tax Administration

Explain the objectives of the Withholding VAT Scheme introduced by the Ghana Revenue Authority.

AT – Nov 2018 – L3 – Q4c – Tax administration

Explanation of the objectives and effects of tax amnesty on government revenue.

AT – Nov 2018 – L3 – Q1c – Tax administration in Ghana

Evaluating the roles of Ghana Revenue Authority in managing the Ghanaian economy.

PSAF – May 2019 – L2 – Q2d – Public sector fiscal planning and budgeting

Identify ways to improve Internally Generated Funds (IGF) of local governments.

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AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit

This question covers the terms related to public sector audit, procedures for auditing revenue, and the distinction between regulatory and financial audits.

You're reporting an error for "AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit"

PSA&F – Nov 2019 – L2 – Q4a – Government Revenue

Prepare a revenue collector’s cashbook for the month of August 2019 using provided data.

You're reporting an error for "PSA&F – Nov 2019 – L2 – Q4a – Government Revenue"

PT – Nov 2021 – L2 – Q2b – Withholding Tax Administration

Explain the objectives of the Withholding VAT Scheme introduced by the Ghana Revenue Authority.

You're reporting an error for "PT – Nov 2021 – L2 – Q2b – Withholding Tax Administration"

AT – Nov 2018 – L3 – Q4c – Tax administration

Explanation of the objectives and effects of tax amnesty on government revenue.

You're reporting an error for "AT – Nov 2018 – L3 – Q4c – Tax administration"

AT – Nov 2018 – L3 – Q1c – Tax administration in Ghana

Evaluating the roles of Ghana Revenue Authority in managing the Ghanaian economy.

You're reporting an error for "AT – Nov 2018 – L3 – Q1c – Tax administration in Ghana"

PSAF – May 2019 – L2 – Q2d – Public sector fiscal planning and budgeting

Identify ways to improve Internally Generated Funds (IGF) of local governments.

You're reporting an error for "PSAF – May 2019 – L2 – Q2d – Public sector fiscal planning and budgeting"

AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit

This question covers the terms related to public sector audit, procedures for auditing revenue, and the distinction between regulatory and financial audits.

You're reporting an error for "AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit"

PSA&F – Nov 2019 – L2 – Q4a – Government Revenue

Prepare a revenue collector’s cashbook for the month of August 2019 using provided data.

You're reporting an error for "PSA&F – Nov 2019 – L2 – Q4a – Government Revenue"

PT – Nov 2021 – L2 – Q2b – Withholding Tax Administration

Explain the objectives of the Withholding VAT Scheme introduced by the Ghana Revenue Authority.

You're reporting an error for "PT – Nov 2021 – L2 – Q2b – Withholding Tax Administration"

AT – Nov 2018 – L3 – Q4c – Tax administration

Explanation of the objectives and effects of tax amnesty on government revenue.

You're reporting an error for "AT – Nov 2018 – L3 – Q4c – Tax administration"

AT – Nov 2018 – L3 – Q1c – Tax administration in Ghana

Evaluating the roles of Ghana Revenue Authority in managing the Ghanaian economy.

You're reporting an error for "AT – Nov 2018 – L3 – Q1c – Tax administration in Ghana"

PSAF – May 2019 – L2 – Q2d – Public sector fiscal planning and budgeting

Identify ways to improve Internally Generated Funds (IGF) of local governments.

You're reporting an error for "PSAF – May 2019 – L2 – Q2d – Public sector fiscal planning and budgeting"

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