HBA 2304.docx - HBA 2304 PUBLIC SECTOR ACCOUNTING Date Friday 24th April 2015 INSTRUCTIONS Time 11.00am \u2013 1.00pm Answer question one(compulsory and


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HBA 2304: PUBLIC SECTOR ACCOUNTING Date : Friday, 24 th April 2015 Time : 11.00am – 1.00pm INSTRUCTIONS Answer question one (compulsory) and any other two Question One a) Explain the five objectives of public sector conceptual framework. (10mks) b) Public sector accounting is different from commercial accounting. Explain five key characteristics of public sector accounting. (10mks) c) Briefly discuss the five financial accounting techniques adopted by public sector organizations. (10mks) Question Two Write short notes on the following types of funds: a) General funds (4mks) b) Special revenue funds (4mks) c) Sinking funds (4mks) d) Trust funds (4mks) e) Enterprise funds (4mks) Question Three a) Discuss the role and functions of the treasury in planning and controlling government expenditures. (5mks) b) The city council of Matopeni authorizes the construction of a new city hall on 1 st January 2014. The hall is expected to cost Sh.100,000,000 financing for the project is to be Sh.50,000,000 from 6½% serial bond issue, Sh.40,000,000 from government grant and
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  • Spring '17
  • Dr.Agnes Meroka

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