1. The public sector is arguably considered to be the most important sector in an economy as it has been empirically established that no economy can exist without the presence of government and its structures (Roger, 1995). State and explain five (5) reasons for the existence of the public sector.

2.Accounting for every organisation is based on certain legal and professional framework. Like the private sector, public sector accounting and reporting practices are governed by laws and professional standards. List the sources of regulation in public sector accounting and explain their extent of authority.

3.Explain the Value for Money concept and the 4Es, using specific examples.

4.. Using specific public sector examples, explain the following performance measurement terms a. Inputs b. Activities c. Outputs d. Outcomes

5. State the circumstances under which revenues received for or on behalf of government shall not be paid into the consolidated fund