Which of the following are key challenges in public sector budgeting Which of the following are key challenges in public sector budgeting? (Select all that apply) A) Political influence B) Short-ter

What are the key roles of CIPFA What are the key roles of CIPFA? (Select all that apply) A) Setting accounting standards for public sector B) Providing professional qualifications C) Regulating pub

Under IPSAS 9, when should revenue from exchange transactions be recognized Under IPSAS 9, when should revenue from exchange transactions be recognized? (Select all that apply) A) When significant ri

Which of the following are types of reserves in public sector accounting Which of the following are types of reserves in public sector accounting? (Select all that apply) A) Usable reserves B) Non-u

What are the purposes of budget variance analysis What are the purposes of budget variance analysis? (Select all that apply) A) Compare actual vs. budgeted spending B) Identify reasons for variances

What are the key challenges facing public sector financial management What are the key challenges facing public sector financial management? (Select all that apply) A) Volatile funding B) Political

Under IPSAS 3, which of the following require retrospective application Under IPSAS 3, which of the following require retrospective application? (Select all that apply) A) Changes in accounting polic

What does the role of "Stewardship" involve in public sector accounting What does the role of "Stewardship" involve in public sector accounting? (Select all that apply) A) Managing public funds respo

Which of the following are sources of finance for public sector organizations Which of the following are sources of finance for public sector organizations? (Select all that apply) A) Taxation B) Us

Under IPSAS 12, which methods can be used to measure inventories Under IPSAS 12, which methods can be used to measure inventories? (Select all that apply) A) First-in, first-out (FIFO) B) Last-in, f

What are the benefits of Virement in public sector budgeting What are the benefits of Virement in public sector budgeting? (Select all that apply) A) Provides flexibility in budget management B) Hel

Which of the following are characteristics of public sector accounting Which of the following are characteristics of public sector accounting? (Select all that apply) A) Emphasis on stewardship B) F

What are the key functions of a Medium-Term Financial Strategy What are the key functions of a Medium-Term Financial Strategy (MTFS)? (Select all that apply) A) Identify key budgets B) Set assumptio

Which of the following financial statements are required under IPSAS 1 Which of the following financial statements are required under IPSAS 1? (Select all that apply) A) Statement of Financial Positi

CIMA Global Official Website CIMA Global Official Website: https://www.aicpa-cima.com The Chartered Institute of Management Accountants (CIMA), founded in 1919 and headquartered in London, UK, is the