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Questions and Answers
What is a budget?
What is a budget?
A plan expressed in monetary terms, covering a specific period, usually one year.
What information should a budget plan contain?
What information should a budget plan contain?
Types and amounts of proposed expenditures, purposes for which they are to be made, and proposed means of financing them.
What is the difference between budgeting in profit-seeking enterprises and governmental budgeting?
What is the difference between budgeting in profit-seeking enterprises and governmental budgeting?
Budgeting in profit-making enterprises is usually flexible and can be changed, while governmental budgets are generally unchangeable without much effort.
Why do governments have unchangeable budgets once fixed by law?
Why do governments have unchangeable budgets once fixed by law?
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What is the role of budgeting in governmental accounting compared to FP accounting?
What is the role of budgeting in governmental accounting compared to FP accounting?
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Why is the accounting system designed to support the budget in government?
Why is the accounting system designed to support the budget in government?
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What is the main characteristic of incremental budgeting?
What is the main characteristic of incremental budgeting?
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Why is incremental budgeting considered unlikely to result in the optimum allocation of resources?
Why is incremental budgeting considered unlikely to result in the optimum allocation of resources?
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What is the main idea behind Zero-Based Budgeting (ZBB)?
What is the main idea behind Zero-Based Budgeting (ZBB)?
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How does ZBB differ from incremental budgeting in terms of justifying programs?
How does ZBB differ from incremental budgeting in terms of justifying programs?
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What does ZBB focus on when evaluating programs and services?
What does ZBB focus on when evaluating programs and services?
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Why is ZBB considered a method of continually evaluating programs?
Why is ZBB considered a method of continually evaluating programs?
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What are the major sources of non-tax revenues in Ethiopia?
What are the major sources of non-tax revenues in Ethiopia?
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What is the second major item in the revenue budget of Ethiopia?
What is the second major item in the revenue budget of Ethiopia?
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How are recurrent expenditures in Ethiopia primarily financed?
How are recurrent expenditures in Ethiopia primarily financed?
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What does the capital budget in Ethiopia cover?
What does the capital budget in Ethiopia cover?
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What is the annual period over which budgets are prepared called?
What is the annual period over which budgets are prepared called?
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Who approves the annual budget in Ethiopia?
Who approves the annual budget in Ethiopia?
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What is the first step in the typical budget cycle as described in the text?
What is the first step in the typical budget cycle as described in the text?
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What is the final step in the typical budget cycle as outlined in the text?
What is the final step in the typical budget cycle as outlined in the text?
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Which stage involves the allocation of the expenditure budget between Federal and Regional governments?
Which stage involves the allocation of the expenditure budget between Federal and Regional governments?
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What is the role of MOFED in the budget process?
What is the role of MOFED in the budget process?
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When is the budget finally submitted to the Council of Peoples‟ Representatives?
When is the budget finally submitted to the Council of Peoples‟ Representatives?
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What is the main focus of performance budgeting?
What is the main focus of performance budgeting?
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Describe the emphasis of Planning-Programming-Budgeting (PPB) approach.
Describe the emphasis of Planning-Programming-Budgeting (PPB) approach.
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What does the government budget in Ethiopia represent?
What does the government budget in Ethiopia represent?
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When does the fiscal year in Ethiopia start and end?
When does the fiscal year in Ethiopia start and end?
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How does PPB evaluate different ways of meeting goals and objectives?
How does PPB evaluate different ways of meeting goals and objectives?
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Give an example of how PPB looks at government programs.
Give an example of how PPB looks at government programs.
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