NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
OCTOBER/NOVEMBER 2014 EXAMINATION

COURSE CODE:                                                                              ACC310                                                                               

COURSE TITLE:                                                                             Elements of Public Sector Accounting

DURATION:                                                                                     3 Hours

INSTRUCTIONS:                                                                            1. Attempt question 1 and any other 3 questions.

2. Question number 1 is compulsory and carries 25         marks, while other questions carry 15 marks each.

3. Present all your points in coherent and orderly manner.

Q1.       Discuss Debt Management by Nigeria Government and naming the vital agencies involved in performing the responsibility and ensuring adequate delivery. Why do we have public debt in Nigeria?                                                                               25marks

Q2.       Define Public Sector Accounting and list ten objectives of Public Sector Accounting.     15marks

Q3.       Make a comparison between Government Accounting and Private Sector Accounting.  15marks

Q4.                   (i)        State ten functions of the Accountant General of the Federation.             10marks

(ii)       Mention five functions the Auditor-General of the Federation.                 15marks

Q5.       Define a vote book and describe the administration and the office in charge of vote book. Draw the semblance of vote book.   15marks

Q6.                   (i) Identify the various types of controls exercised over Government expenditure.  15marks

(ii) Explain budget and its purpose in government expenditure.  15marks