a) Identify four benefits that would accrue to the government as a result of adopting the International Public Sector Accounting Standards(IPSASs)

b) Government expenditure is classified into recurrent expenditure and development expenditure.Citing two examples, explain the two categories of expenditure.

c) The International Public Sector Accounting Standards (IPSASs) recommend the use of accrual basis of accounting for public sector entities.Discuss

d) Discuss the case for and against the use of accrual basis of accounting in the public sector.Highlight the importance of using accounting standards as the basis for preparing financia lstatements.

e) Explain the following terms in the context of public sector accounting:

i) Commitment accounting

ii) Fund accounting