Public Financial Management Quiz

What is the primary focus of public financial management?

• Increasing tax rates

• Utilizing and accounting for government resources

• Maximizing private sector profits

• Reducing public sector employment

Which of the following is NOT an objective of public financial management?

• Reducing wasteful expenditure

• Increasing public sector corruption

• Maximizing government service delivery

• Efficient use of public resources

What does the standard chart of accounts (SCOA) refer to?

• A list of government policies

• A list of government employees

• A list of public sector projects

• A list of accounts used for classifying and reporting financial data

What is the purpose of expenditure management?

• To reduce government revenue

• To eliminate all public sector jobs

• To develop procedures for managing expenditure efficiently

• To increase government spending

What is a suspense account used for?

• Tracking public sector projects

• Recording government employee details

• Temporary storage when information is insufficient

• Permanent storage of financial data

What is one responsibility of an accounting officer regarding inter-departmental transactions?

• To increase transaction fees

• To eliminate all inter-departmental transactions

• To ignore service level agreements

• To ensure a service level agreement is signed

How should an accounting officer manage debt?

• By ignoring all debts

• By having processes to manage debtors

• By transferring debts to private companies

• By increasing all debts

What must an accounting officer do with gifts and sponsorships?

• Ignore them

• Maintain a register and disclose them in financial statements

• Use them for personal gain

• Transfer them to private accounts

What is the link between financial management and service delivery?

• There is no link

• Financial management reduces service delivery

• Service delivery is independent of financial management

• Better financial management leads to better service delivery

What is the core mandate of government according to the video?

• Reducing employment

• Privatizing public services

• Service delivery

• Increasing taxes