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PUB3705 Exam pack 2024(Questions and answers)
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PUB3705 EXAMPACK 2024
QUESTIONS AND
ANSWERS
FOR ASSISTANCE CONTACT
EMAIL:gabrielmusyoka940@gmail.com
, lOMoARcPSD|31863004
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, lOMoARcPSD|31863004
© 2018 University of South Africa
All rights reserved
Printed and published by the
University of South Africa
Muckleneuk, Pretoria
PUB3705/1/2018
70524068
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, lOMoARcPSD|31863004
CONTENT .
Page
Foreword v
STUDY UNIT 1: Introduction to finance as a public
management function 1
1.1 Field of study and approach 1
STUDY UNIT 2: Value for money 3
2.1 The concepts public money and the ownership of public money 3
2.1.1 The concept 3
2.1.2 The ownership of public money 4
2.2 Elementary economic ideas regarding public spending 5
2.2.1 Public interest and public benefit 5
2.2.2 Market failure and externalities 6
2.2.3 The production of pure public goods and related
goods and services 6
2.3 The results of public spending and their measurement 7
2.4 Accountability (first discussion) 8
STUDY UNIT 3: Allocation and prioritisation 9
3.1 Introduction 9
3.2 Budget logic 9
3.3 Planning and budgeting 10
3.4 The allocation problem 11
3.5 Prioritising 11
3.5.1 Kinds of prioritising 11
3.5.2 Practical allocation decisions 12
3.6 Intergovernmental allocations 13
STUDY UNIT 4: Financial management 15
4.1 Introduction: financial management fundamentals 15
4.2 Managing revenue and expenditure 16
4.2.1 Introduction 16
4.2.2 Revenue management 16
4.2.3 Expenditure management 17
iii
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