PUA2014 Lecture 11

Which of the following is MORE likely to be a capital budget item in Hong Kong police department?

• Stationery

• Fuel used for police vehicles

• Cost of police uniforms

• Cost of a police building

Which of the following is a proper financing method of capital projects?

• Diverting funding from operating budgets

• Funding from personal donations

• Borrowing from the financial market

• Financing through selling some properties owned

The HK government is planning to build a third runway in the airport. You are a planner and a budgeter for the government and you are asked to estimate how many more passengers the proposed expansion can handle. This estimate should be made in the phase of developing

• CIP

• The financial analysis

• The reconciliation

• The actual funding of the project

Which of the following can accounting and auditing held detect EXCEPT

• If spending is outrunning budgetary targets

• If projects fall behind schedule

• If program guidelines are not being followed

• If an auditor uses wrong individual credentials

Which of the following budget format is consistent with the growing emphasis of accounting and auditing on productivity, effectiveness, and accomplishments?

• Traditional budget

• Performance budget

• Line item budget

• None of the above