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Question :
(a) The role of the Public Expenditure Management System (PEMS) is to allocate and use resources responsively, efficiently and effectively'. Briefly explain the above statement with particular emphasis on the highlighted terms. Your may illustrate your answer with examples.
(b) Revenue measures or systems can be classified as either progressive, or proportional, or regressive. Provide a short explanation of how each affects people with different economic levels.
(c) ‘Public accounting is often called fund accounting'. Explain what you understand by the term ‘fund accounting'.
(d) "What's the difference between national defence and pizza?", asked your public finance professor.
Q. Explain about pink book? This shows the various sub heads under which the lum sum amount sanctioned by allotment is to be spent and this indicates the works for which the al
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Under what circumstances will the foreign subsidiary’s financial structure become relevant? The subsidiary’s own financial structure will become applicable when the parent firm
a) Talk about in brief the various GAAPs that are mandatory to be followed. b) What are the several components of total cost.
Enumerate about the Turnkey operations An illustration of a turnkey business would be a franchise for example immediate brand, systems and product with exclusive territory. A t
B.J. Industries has a current ratio of 2.5, with $2.5 million in current assets. Due to sales growth, the company wants to expand accounts receivable and inventories by
Determine the calculation of materiality For example: Turnover 1% -1.5% Net assets 1% -2% Net profit 2% -6% Whatever numbers are selected they would be based on r
Your research assistant went home early (rock concert related illness) and left you with the following table listing the expected returns, standard deviation, correlation with the
Assignment 2 Decision Tree Assessing Alternatives in Capital Budgeting [see Bailes, J.C., and Nielsen, J.F. (2001, Winter). Using decision trees to manage capital budgets. Manag
In addition to management quality, an assessment of the financial capacity of a company should also include an evaluation of trends, regulatory environment, basic
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