problem 1:

Discuss and illustrate out the term financial reporting?

problem 2:

Discuss and illustrate out five (5) characteristics of government which affect the nature of information reported?

problem 3:

Discuss and illustrate out how financial reporting illustrates the accountability of government for the financial affairs and resources entrusted to it?

problem 4:

Recognize and briefly illustrate out four qualitative characteristics of financial information.

problem 5:

Recognize four (4) principal users of government financial report and their needs.

problem 6:

Briefly illustrate out what accrual accounting is.

problem 7:

State all four reasons for increasing trends of using accrual accounting in government reporting worldwide.

problem 8:

Illustrate out how accrual accounting diverges from cash accounting.