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Accounting in the Public Sector

Unit: Financial accounting

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Practice CPA Financial accounting Accounting in the Public Sector questions with detailed answers and explanations.

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December 2025

 1 Questions
Question 4a
​​Explain FOUR functions of the International Public Sector Accounting Standards Board (IPSASB).


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April 2025

 2 Questions
Question 2a
​ ​​Highlight TWO features that distinguish a public sector entity from a private sector entity.


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Question 1a
​​In the context of public sector accounting, outline FOUR principles of accrual accounting.


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December 2024

 1 Questions
Question 1a
​​In the context of public sector accounting, explain the following terms: 

(i) Contingent liability. 

(ii) Social benefits.


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August 2024

 1 Questions
Question 5a
​​Explain the following terms as used in public sector accounting: 
 
(i) Appropriation-in-aid. 
 
(ii) Paymaster general. 
 
(iii) Exchequer account.


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April 2024

 1 Questions
Question 1d
​​Highlight FOUR benefits of public sector accounting.


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December 2023

 1 Questions
Question 1b
​​Explain TWO functions of each of the following in the management of public finances: 
 
(i) Office of the Auditor General.
 
(ii) Public Accounts Committee.


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April 2023

 1 Questions
Question 5c
​​Explain the following terms as used in public sector accounting: 
 
(i) Appropriations-in-Aid.  
 
(ii) Consolidated fund.  


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December 2022

 1 Questions
Question 5c
​​Explain the following types of funds in the context of public sector accounting: 

 (i) Revolving funds. 

(ii) Fiduciary funds.


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August 2022

 1 Questions
Question 5c
​​Explain three objectives of the International Public Sector Accounting Standards Board (IPSASB).


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April 2022

 1 Questions
Question 5a
​​ In relation to public sector accounting:
(i) Explain the term "encumbrance (obligations)".
(ii) Highlight four characteristics of a government business enterprise.


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Pilot December 2021

 1 Questions
Question 5b
​​With specific reference to government sector accounting, briefly explain the following concepts: 

(i) Budgetary accounting. 

(ii) Cash accounting.


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December 2021

 1 Questions
Question 1a
​​ Outline two benefits and two challenges of adopting International Public Sector Accounting Standards (IPSAS)


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August 2021

 1 Questions
Question 5a
​​ Explain three roles played by accounting officers in public sector accounting.


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May 2021

 1 Questions
Question 5c
In the context of public sector accounting, explain the following terms:

(i) Social benefits.

(ii) Contingent asset.

(iii) Contingent liability


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November 2019

 1 Questions
Question 5b
Identify five features of a public sector entity. 


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May 2019

 1 Questions
Question 1c
With reference to public sector accounting, explain three advantages of the commitment basis of accounting.


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November 2018

 1 Questions
Question 2a
​​ Outline four objectives of the International Public Sector Accounting Standards Board (IPSASB).


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May 2018

 1 Questions
Question 5b
​​
In the context of public sector accounting, explain the meaning of the following terms:
(i) Fund accounting.
(ii) Commitment accounting


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November 2017

 1 Questions
Question 3a

As a means to ensure strong financial management in the public sector, most governments have adopted International

Public Sector Accounting Standards (IPSAS).
In reference to the above statement, discuss three ways in which governments could ensure the success of the adoption of these standards


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May 2017

 1 Questions
Question 5a
Analyse differences between objectives of accounting for public sector" and "objectives of accounting in the private sector'


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November 2016

 1 Questions
Question 3a
Highlight five roles of the accountant general in your country.


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Pilot September 2015

 1 Questions
Question 1a
​ ​​ Enumerate four features of public sector accounting that distinguish it from private sector ccounting.


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