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Hba2303:Financial Accounting Question Paper

Hba2303:Financial Accounting

Course:Bachelor Of Commerce

Institution: Meru University Of Science And Technology question papers

Exam Year:2010

QUESTION ONE 30 MARKS
(a) Identify and discuss the uses of government financial statement information. (5 marks)
(b) Discuss causes of market failure. (5 marks)
(c) Explain the importance of privatizing government owned business. (5 marks)
(d) Describe ways in which government controls its organization operations. (5 marks)
(e) Discuss the responsibilities of parliamentary budget office. (5 marks)
(f) Discuss the principles for efficient division of financial resources between National government and county government. (5 marks)
QUESTION TWO 20 MARKS
(a) In each of the following cases, explain the potential causes of market failure that may be involved in each good or service (public goods, externalities, lack of competition or imperfect information. (16 marks)
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i. Cigarettes ii. Education iii. Urban open space iv. Pesticides v. Road vi. Internet access vii. Prostitution services viii. Medical services
(b) Discuss the issue of public and private interest in the case of parking at Meru University main campus. (4 marks)
QUESTION THREE 20MARKS (a) Analyze government budget including budget concept, budget process and historical trends. (10 marks)
(b) Explain the mechanism and impact of government borrowing. (6 marks)
(c) Explain deficit finance (4 marks) QUESTION FOUR 20MARKS (a) Describe the nature of externalitities and how market misallocates resources in the presence of externalitities. (10 marks)
(b) Make suggestions to remedies for externalities including market and non market solution. (10 marks) QUESTION FIVE 20MARKS (a) Discuss how government is desirable and necessary but sometimes it has undesirable aspects. (8 marks)
(b) Discuss risks associated with sovereign debt management. (12 marks)

Hba2303:Financial Accounting Question Paper

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