Revenue management – NBC Institute

MI – Mar-Jul 2020 – L1 – SA – Q7 – Budgeting

Calculate the sales collection in Month 4 based on given purchasing and collection pattern.

Question

MNO is a retailer of various domestic goods, selling all purchases in the same month, therefore not keeping any stock. The company’s policy is to sell at a margin of 9.091% and collection of sales proceeds is 50% in the month of sales, 30% the month after, and the balance in the 3rd month. Purchases for the past four months are as follows:

Month	Amount (N)
1	65,000,000
2	72,000,000
3	60,000,000
4	80,000,000

What is the sales collection in Month 4?

A. N64,000,000
B. N70,400,000
C. N72,000,000
D. N78,793,459
E. N79,200,000

Answer

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Tags: Cash Budgeting, Revenue management, Sales Collection
Level: Level 1

Topic: Budgeting
Series: MAR/JULY 2020

PSAF – Nov 2016 – L2 – Q5a – Public sector fiscal planning and budgeting

Explain revenue management and identify three procedures involved.

Question

i) Explain the term Revenue Management.
ii) Identify three procedures involved in Revenue Management. (4 marks)

Answer

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Tags: ICAG, Procedures, Professional Level 2, Revenue management
Level: Level 2

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

PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives

Explain the challenges that the Ghana Integrated Financial Management Information System (GIFMIS) promises to address in public financial management.

Question

The Ghana Integrated Financial Management Information System (GIFMIS) was launched to eradicate or reduce the endemic challenges in the public financial management system. Many experts hailed it as the panacea for the developmental challenges of Ghana.

Required:
In reference to the above, explain FIVE (5) challenges that the GIFMIS promises to address in public financial management in Ghana.

Answer

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Tags: Budgeting, Financial Reporting, GIFMIS, Public Financial Management, Revenue management
Level: Level 2

Topic: Public sector financing initiatives
Series: JULY 2023

PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting

Describes revenue management and control measures to prevent revenue losses in public sector organizations.

Question

Revenue management is a challenge in many public organizations, including the Damsa District Assembly in which you are currently engaged as Finance Officer responsible for revenue management and control. There are rampant revenue losses resulting from delayed or unbanked collection, failure to assess and collect revenue, inappropriate use of value books, and poor record keeping, among others. Consequently, your Assembly has persistently failed to meet its revenue budget over the years and the Ministry of Local Government has recently cautioned the District Chief Executive (DCE) and tasked him to improve the revenue performance of the Assembly or face dismissal.

In a meeting with the DCE, he put it bluntly: “the Revenue Officer should do something about this immediately else I will fire him before I am fired. My head and your head are on the chopping board; you know it”.

Required:

As the Finance Officer responsible for revenue, describe FOUR revenue management and control measures you would put in place for the Assembly to remedy revenue losses pointed out in the case.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Control measures, Public Sector, Revenue losses, Revenue management
Level: Level 2

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

MI – Mar-Jul 2020 – L1 – SA – Q7 – Budgeting

Calculate the sales collection in Month 4 based on given purchasing and collection pattern.

Question

Month	Amount (N)
1	65,000,000
2	72,000,000
3	60,000,000
4	80,000,000

What is the sales collection in Month 4?

A. N64,000,000
B. N70,400,000
C. N72,000,000
D. N78,793,459
E. N79,200,000

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cash Budgeting, Revenue management, Sales Collection
Level: Level 1

Topic: Budgeting
Series: MAR/JULY 2020

PSAF – Nov 2016 – L2 – Q5a – Public sector fiscal planning and budgeting

Explain revenue management and identify three procedures involved.

Question

i) Explain the term Revenue Management.
ii) Identify three procedures involved in Revenue Management. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: ICAG, Procedures, Professional Level 2, Revenue management
Level: Level 2

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

PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives

Explain the challenges that the Ghana Integrated Financial Management Information System (GIFMIS) promises to address in public financial management.

Question

Required:
In reference to the above, explain FIVE (5) challenges that the GIFMIS promises to address in public financial management in Ghana.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budgeting, Financial Reporting, GIFMIS, Public Financial Management, Revenue management
Level: Level 2

Topic: Public sector financing initiatives
Series: JULY 2023

PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting

Describes revenue management and control measures to prevent revenue losses in public sector organizations.

Question

Required:

As the Finance Officer responsible for revenue, describe FOUR revenue management and control measures you would put in place for the Assembly to remedy revenue losses pointed out in the case.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Control measures, Public Sector, Revenue losses, Revenue management
Level: Level 2

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

Question Tag: Revenue management

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MI – Mar-Jul 2020 – L1 – SA – Q7 – Budgeting

Calculate the sales collection in Month 4 based on given purchasing and collection pattern.

PSAF – Nov 2016 – L2 – Q5a – Public sector fiscal planning and budgeting

Explain revenue management and identify three procedures involved.

PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives

Explain the challenges that the Ghana Integrated Financial Management Information System (GIFMIS) promises to address in public financial management.

PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting

Describes revenue management and control measures to prevent revenue losses in public sector organizations.

MI – Mar-Jul 2020 – L1 – SA – Q7 – Budgeting

Calculate the sales collection in Month 4 based on given purchasing and collection pattern.

PSAF – Nov 2016 – L2 – Q5a – Public sector fiscal planning and budgeting

Explain revenue management and identify three procedures involved.

PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives

Explain the challenges that the Ghana Integrated Financial Management Information System (GIFMIS) promises to address in public financial management.

PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting

Describes revenue management and control measures to prevent revenue losses in public sector organizations.

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MI – Mar-Jul 2020 – L1 – SA – Q7 – Budgeting

Calculate the sales collection in Month 4 based on given purchasing and collection pattern.

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PSAF – Nov 2016 – L2 – Q5a – Public sector fiscal planning and budgeting

Explain revenue management and identify three procedures involved.

You're reporting an error for "PSAF – Nov 2016 – L2 – Q5a – Public sector fiscal planning and budgeting"

PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives

Explain the challenges that the Ghana Integrated Financial Management Information System (GIFMIS) promises to address in public financial management.

You're reporting an error for "PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives"

PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting

Describes revenue management and control measures to prevent revenue losses in public sector organizations.

You're reporting an error for "PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting"

MI – Mar-Jul 2020 – L1 – SA – Q7 – Budgeting

Calculate the sales collection in Month 4 based on given purchasing and collection pattern.

You're reporting an error for "MI – Mar-Jul 2020 – L1 – SA – Q7 – Budgeting"

PSAF – Nov 2016 – L2 – Q5a – Public sector fiscal planning and budgeting

Explain revenue management and identify three procedures involved.

You're reporting an error for "PSAF – Nov 2016 – L2 – Q5a – Public sector fiscal planning and budgeting"

PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives

Explain the challenges that the Ghana Integrated Financial Management Information System (GIFMIS) promises to address in public financial management.

You're reporting an error for "PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives"

PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting

Describes revenue management and control measures to prevent revenue losses in public sector organizations.

You're reporting an error for "PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting"

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