Please note that these are government accounting questions:

1. Public Accounting Acts are meant to do all of the following except

a. guarantee that the governments financial reports can be used and understood by reasonably informed user

b. name government officers and their duties

c. provide guides for the accounting functions of a government department or ministry

d. sets out how much funds are to be allocated to ministries and departments

2. Government get its funding from both tax and non tax sources of revenue, some of these sources are listed below:

1. Income tax, PAYE, Sales tax, corporate tax

2. Loans from international and local agencies

3. Sale of state own companies and assets

4. Issue of private shares to the public to raise funding

Of the 4 sets of income sources listed, which set is not government source of funding?

a. i, ii , and iv

b. i and iii only

c. i, ii, and iii

d. i and ii only

3. According to the Financial Administration & Audit Act (FAA) Act, the Accountant General of Jamaica major role(s) is?

a. Ensures that no disbursement is made from the Consolidated Fund contrary to the laws

b. Submit to the Minster, statements of accounts on financial position of the Consolidated Fund

c. Ensures that balances are kept in the Consolidated Funds as may be required by laws

d. All of the above

e. 1 & 2 only

4. Government Revenues & Expenditures are controlled by/through?

a. The Accountant General and the Auditor General

b. The Chief Financial Officer (CFO)

c. The Budgetary Process

d. The Revenue & Expenditure Central Management System

5. Digital Era Governance according to Brandy is best described as

a. The use of the internet and web-based applications that change the way government delivers its services.

b. The integration of government services or co-creation of services which means that the government and the third sector (voluntary originations) work together to deliver certain services.

c. More than a webpage, but is also citizens making use of the internet to interact with the government.

d. a & b

e. all of the above

6. Two parties are involved in the budget process. These are?

a. The Minister of Finance & the Executive

b. The Legislative & the Finance Minister

c. The Executive & the Legislative

d. The Government & the Opposition

e. The Attorney General & the Contractor General

7. A Public-Private Partnership (PPP) is traditionally defined as: a long-term contract between the state and a private party, for the delivery of public services such as roads, electricity, ports and airports. Two fundamental principles of PPPs are:

a. That there must be a significant transfer of investment and risk from the public to the private sector.

b. Governments engage in PPPs because experience has shown that PPPs allow governments to unlock private sector investment in order to achieve its goals.

c. That there must be a significant transfer of investment and risk from the private sector to the public sector.

d. PPPs work with government own companies in order to create synergies, economies of scale, and opportunities that government cannot provide by itself

e. Government provide investments for PPPs in exchange for their effective services designed to make government look efficient.

8. The budget process comprises 4 steps. These are?

a. Preparation, Approval, Execution, Audit

b. Planning, Arranging, Implementing, Review

c. Designing, Organizing, Approval, Execution

d. Planning, Approval, Execution, Audit

e. None of the above