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Question 1:
i) Performance budgeting is the best budgeting system. Discuss.
ii) Why there is a need for implementing MTEF in the Mauritian Public Sector?
Question 2:
i) Is the risk-based approach to internal audit appropriate for countries with less developed systems and less well trained public officials?
ii) A centralised approach to Internal Audit is better than a decentralised approach.
Question 3:
Suppose you have been assigned the duty of appraising three public works projects: Road/Street Projects, Harbour Roads and Regional Farm Roads. Explain the procedure for cost benefit analysis in each case and discuss the consequences of using the same or different appraisal methods for such projects.
Q. Benefits of the proposed policy change? Short-term sources of debt finance comprise overdrafts and short-term loans. An overdraft offers elasticity but since it is technical
What are the risks related with using a large amount of short-term financing for working capital? Using a large amount of short-term financing usually permits funds to be raised
Q. Show Limitations of Profit maximization? The Profit maximization criterion is criticized on the following grounds: i) Quality of Benefits: Profit maximization approach ig
Social Assistance Program for the Elderly For the elderly destitutes, the Central and many State Governments have designed several social assistance programs. Under the nationa
What is the Modigliani and Miller theory of dividends? Explain. The Modigliani-Miller theory of dividends states that dividend theory is not relevant. They state that it is the
Q. Problem in the determine of cost of the capital? Conceptual controversies regarding the relationship between the cost of the capital and the capital structure: different the
The process by which an organization increase money by issuing equity and gets listed on a public stock exchange.
Describe the value maximisation criterion In applying the value maximisation criterion, term value is used in terms of worth to the owners, which is, ordinary shareholders. Cap
Flex budget
capital structure
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