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a) As highlighted in National Council of Governmental Accounting (NCGA), the overall primary goals of accounting and financial reporting for government/ public sector unit is

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a) As highlighted in National Council of Governmental Accounting (NCGA), the overall primary goals of accounting and financial reporting for government/ public sector unit is to provide financial information useful for making economic, political and social decisions, and demonstrating accountability and stewardship. Required: i. Explain why the public sector in general should use a different reporting framework from the private sector. (4 marks) (CLO2:PLOS:C2) ii. Discuss on how the qualitative characteristics of financial report can enhance the quality of public sector reporting. (6 marks) (CLO2:PLOS:C2)

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