What is public accounting, Accounting Basics

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Question 1:

(a) Public accounting is said to "mirror" the budget. Explain.

(b) How public sector accounting systems help in the administration of public finance?

Question 2:

(a) Explain fully the new expenditure management framework called the ‘Medium Term Expenditure Framework'.

(b) Outline FOUR benefits of the Medium Term Expenditure Framework.

(c) What barriers need to be overcome for the successful implementation of Medium Term Expenditure Framework in Mauritius?.

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