the module is public sector financial management 400

PPB400 PUBLIC SECTOR FINANCIAL MANAGEMENT IV Question 3 (25) Accounting and accountability Define accounting and describe its four (4) main functions. (4 marks) Briefly discuss the main characteristics of financial accounting information. (2 marks) Explain what management accounting generates and provides to management. (2 marks) Management accounting does have certain characteristics that distinguish it from other types of accounting (Melville & McKinney as quoted in Rautenbach & Burger, 2021:41). Explain the main and distinguishing characteristics of management accounting. (8 marks) Cash-flow problems caused by non-payment for services have created municipalities that are unable to provide quality services. Describe the negative impacts of these cash-flow problems. (9 marks) Notes Head each bulleted category clearly - non-compliance will incur a one-mark penalty for each category (bullet point) not labelled. Work cited but not referenced may be penalised. Note that just over 60% of the marks are allocated to the factual content and just under 40% to the interpretive content (identifying the cash-flow problems)