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Question :
(a) The role of the Public Expenditure Management System (PEMS) is to allocate and use resources responsively, efficiently and effectively'. Briefly explain the above statement with particular emphasis on the highlighted terms. Your may illustrate your answer with examples.
(b) Revenue measures or systems can be classified as either progressive, or proportional, or regressive. Provide a short explanation of how each affects people with different economic levels.
(c) ‘Public accounting is often called fund accounting'. Explain what you understand by the term ‘fund accounting'.
(d) "What's the difference between national defence and pizza?", asked your public finance professor.
Geographical Classification of Mutual Funds : Nations' boundaries provide territorial restrictions on the sale and purchase of mutual fund units or shares as is the case in com
Individual/Borrower Rating This includes rating a borrower to whom a loan/credit facility may be sanctioned.
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Q. Describe about Accountants Report? Accountants' Report - Formal document which communicates an independent accountant's: (1) expression of limited assurance on FINANCIA
Capital structure theory: Use the following information to answer the questions: Case I: Capital structure theory ( no tax ) Case II: Capital struct
Discounted Cash Flow A technique used to present a forecasted stream of future cash flows in conditions of its present value, or its value in today's dollars. Discounted cash
Explain the Cash and cash equivalents Cash and cash equivalents include: Bank and cash balances Short term investments that are highly liquid and can be converted
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