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  • AA 4102 Group 7 Questions

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    Shara Monique Roluna
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    Group 7 has 6 questions regarding government accounting. The questions cover topics such as where the public can view government accounting information, the relevance of different accounting information for governments, the consequences of failing to establish accountability over finances, how government accounting differs from private sector accounting, ensuring accountability and transparency in government accounting, and the difference between appropriations and allotments.

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    Group 7 has 6 questions regarding government accounting. The questions cover topics such as where the public can view government accounting information, the relevance of different accounting information for governments, the consequences of failing to establish accountability over finances, how government accounting differs from private sector accounting, ensuring accountability and transparency in government accounting, and the difference between appropriations and allotments.

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    © All Rights Reserved
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    6 views1 page

    AA 4102 Group 7 Questions

    Uploaded by

    Shara Monique Roluna
    Group 7 has 6 questions regarding government accounting. The questions cover topics such as where the public can view government accounting information, the relevance of different accounting information for governments, the consequences of failing to establish accountability over finances, how government accounting differs from private sector accounting, ensuring accountability and transparency in government accounting, and the difference between appropriations and allotments.

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    © All Rights Reserved
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    AA 4102 Group 7 TTh 3:00PM - 4:30PM Questions

    Group Number Question

    Where can the general public view or see the government accounting
    information?
    1
    Which of the following accounting information is most relevant for
    the government?

    What happens if the government fails to establish accountability


    over those receipts, property and expenditures?
    2
    Why do the processes usage of accounting in government differ
    significantly from those in the private sector accounting systems?

    What is the difference between government transactions and


    ordinary business transactions?
    3

    What are the processes and purpose of government accounting?

    How is accountability and transparency ensured in government


    accounting?
    4
    How does the government account for and report on its compliance
    with laws and regulations?

    If the purpose of Government accounting is transparency, why is it


    that the financial data is not made available to the public (people)?
    5
    What distinguishes government accounting from that used by
    business entities?

    With regards to government income, GOCCs like PAGCOR and


    PCSO remit a percentage of their revenues to the National Treasury.
    Senators have been pushing the privatization of these corporations
    6 for years now. Will that not lessen the government revenue to be
    used for budgetary plans?

    How does appropriation differ from allotment?

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