ASSIGNMENTS ON PUBLIC SECTOR ACCOUNTING (ACC 225/ ACC 326)

   

 PATRIOT ODUNARO BABATUNDE JIMOH (08038454008)

ASSIGNMENT 1
Public Sector is “all organisations which are not privately owned and operated, but which are established, run and financed by Government on behalf of the public.” Justify the above statement.

 

ASSIGNMENT2

 The users  of Government Accounting information and  financial reports can be

classified into two categories, namely: the internal and the external. Discuss

 

ASSIGNMENT 3

There are three bases under which the financial statements of a public sector enterprise are compiled. These are:

(a)       The Cash basis.

(b)       The Accrual basis.

(c)       The Commitment basis.

Discuss the above bases.

 

ASSIGNMENT 4 

 Differentiate between Public Sector Accounting and Private Sector Accounting by bringing out ten concrete factors.

ASSIGNMENT 5

Write short note on the Constitutional and Regulatory Framework of Public Sector Accounting.

a. Finance/Treasury Circulars

b. Fiscal Responsibility   Act, 2007

c. Audit  Ordinance of 1956  or Act of 1956

d. The Financial Regulations (2009 Edition)

e. Nigerian Constitution

 

 INSTRUCTION: TO BE SUBMITTED ON OR BEFORE TUESDAY OCTOBER 13, 2020 

                                AROUND 10A.M PROMPT