Podcast
Questions and Answers
What is the legal basis for government accounting for budgetary accounts?
What is the legal basis for government accounting for budgetary accounts?
Which of the following is NOT a component of budgetary accounts?
Which of the following is NOT a component of budgetary accounts?
What is the primary purpose of government funds?
What is the primary purpose of government funds?
Which principle dictates that all disbursements must have the approval of proper officials?
Which principle dictates that all disbursements must have the approval of proper officials?
Signup and view all the answers
Which accounting aspect must be observed to ensure sound management and fiscal administration?
Which accounting aspect must be observed to ensure sound management and fiscal administration?
Signup and view all the answers
What serves as the legal authorization to use public money for the national government's PAPs?
What serves as the legal authorization to use public money for the national government's PAPs?
Signup and view all the answers
What is the key difference between Performance-informed budgeting (PIB) and traditional line item-based budgeting?
What is the key difference between Performance-informed budgeting (PIB) and traditional line item-based budgeting?
Signup and view all the answers
In what way does Zero-based budgeting differ from Incremental budgeting?
In what way does Zero-based budgeting differ from Incremental budgeting?
Signup and view all the answers
Which type of budget links funding to achieved outcomes and provides a framework for more informed resource allocation and management?
Which type of budget links funding to achieved outcomes and provides a framework for more informed resource allocation and management?
Signup and view all the answers
What type of information is presented in the appropriations document for Performance-informed budgeting?
What type of information is presented in the appropriations document for Performance-informed budgeting?
Signup and view all the answers
Which type of budget is adjusted when a previous inadequate budget needs correction?
Which type of budget is adjusted when a previous inadequate budget needs correction?
Signup and view all the answers
What aspect of government activities does the National government budget plan for financing?
What aspect of government activities does the National government budget plan for financing?
Signup and view all the answers