QUESTION 1

1. Identify and briefly explain the main features of a Public Sector entity ( 5marks )

b). With appropriate examples , briefly explain the essential matters or conditions that are necessary for a sound Public Financial Management that would achieve the desired results of Public Expenditure ( 1 0 marks )

c) i. Briefly explain the terms Public Sector Accounting and Finance and Public Financial Management , giving appropriate examples in each case ( 5 marks )

ii. Explain the key principles that underpin sound Public Financial Management Systems ( 5 marks) ( Total = 25 marks )