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Hbc2205:Financial Management In Public Sector Question Paper

Hbc2205:Financial Management In Public Sector

Course:Bachelor Of Commerce

Institution: Meru University Of Science And Technology question papers

Exam Year:2012

QUESTION ONE (30 MARKS)
a. Briefly explain the role of revenue allocation committee as per the Kenyan new constitution. (6 Marks) b. Explain the role of parliament in public financial management (3 Marks) c. Discuss the main activities of public financial management (6 Marks) d. Differentiate between short term debts and long term debts (5 Marks) e. Budgetary helps the organization to achieve its objectives. Explain the objectives of budgetary planning. (10 Marks)
QUESTION TWO (20 MARKS)
a. Explain the benefits of capital budgeting in public sector (10 Marks) b. Discuss the basic steps in capital improvement program (10 Marks)
QUESTION THREE (20 MARKS)
a. Discuss the principles of expenditure in public finance (8 Marks) b. Discuss the following account kept by the government i. Consolidated bank (2 Marks) ii. Contingency fund (2 Marks) iii. Public accounts committee (2 Marks) iv. Equalization funds (2 Marks) c. Describe an executive budget (4 Marks)
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QUESTION FOUR (20 MARKS)
The government of Kenya, Ethiopia and Sudan has laid down foundation stone for Lamu port which is expected to cost sh.1.5 trillion:
i. Discuss the externalities that will come with this project (10 Marks) ii. Advice how best to finance the project (5 Marks) iii. How will private sector partner with the government in the project? (5 Marks)
QUESTION FIVE (20 MARKS)
Discuss the problems caused by performance program budget (10 Marks)
a. Explain zero (0) based budget processing? (5 Marks) b. What is meant by fiscal policy? (5 Marks)

Hbc2205:Financial Management In Public Sector Question Paper

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