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Ethiopian Govt Acct Extension Exam

This document contains an exam for an Ethiopian government accounting course. It has three parts: 1. A true/false section with 11 questions about topics like the general ledger, chart of accounts, budgeting cycles, and government agencies. 2. A multiple choice section with 11 questions about accounting entries, budgeting policies, and the structure of the Ethiopian budget. 3. An essay question asking to explain the correct procedures and processes of the Ethiopian government budget system. The exam tests students' knowledge of key concepts in Ethiopian government accounting, including the roles of different agencies, chart of accounts, journal entries, budgeting policies and structure. It aims to evaluate students' understanding of

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7K views3 pages

Ethiopian Govt Acct Extension Exam

This document contains an exam for an Ethiopian government accounting course. It has three parts: 1. A true/false section with 11 questions about topics like the general ledger, chart of accounts, budgeting cycles, and government agencies. 2. A multiple choice section with 11 questions about accounting entries, budgeting policies, and the structure of the Ethiopian budget. 3. An essay question asking to explain the correct procedures and processes of the Ethiopian government budget system. The exam tests students' knowledge of key concepts in Ethiopian government accounting, including the roles of different agencies, chart of accounts, journal entries, budgeting policies and structure. It aims to evaluate students' understanding of

Uploaded by

samuel debebe
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Refit Valey University Department of Accounting & Finance

ETHIOPIAN GOVT ACCOUNTING-Weekend EXAM

Name;-_________________________________________ID__________________Group ____________
Allowed Time;-1hr Maximum Marks= 50%

NO CHEETING!!!!
Part One: TRUE OR FAlSE
1. ________General Ledger helps in order to get detail information about accounts rather than subsidiary
ledger.
2. _________On FGE Chart of Accounts the number from 1000-1999 refers Asset Accounts.
3. _________Division of Resources in to organizational units helps in order to know the total cost of
project.
4. _________Budget line is the proration of Budget by activity but cost center is by time.
5. _________Under budget cycle multiyear planning is come 1st but Auditing is at last.
6. _________MOFED is public body but MOE federal Agency
7. _________BOFED Is Cost center under MOFED.
8. __________In the case of FGE accounting system CPV/CRV are a source of documents for non –cash
transfers.
9. ________Using Modified Cash Basis & Double entry system help in order to achieve Cash control
goal .
Part Two: Choose the Best Answer (2points each)
1. ----------Which of the following is not correct ;-
A. Cash control- Double Entry B. Accountability- Maintain General/Subsidiary Ledger
C. Accounting commitment –Cash basis D. Using Impress system of Cash in safe E. None
2. ______Assume on July 7,2017 MOFED Transferred cash which amount 100000 birr to MOE
account and during this Transferring process 1% of Total amount of bank service is charged .
by CBE. The Journal entry on MOFED May be ;-
A. Appropriate Transfer fund -Debit by 100000 B. Cash At Bank Credit by 90000.00
C. Bank service Charge Debit by 10000.00 D. Appropriate transfer fund debit by 90000 E. B&D
3. ______On the above question #2 The Journal entry on MOE may be ;-
A. Appropriate Transfer fund -Debit by 100000 B. Cash At Bank Credit by 90000.00
C. Bank service Charge Debit by 10000.00 D. Appropriate transfer fund debit by 90000 E. B&C
4. ______On the above question #2 MOE is under MOFED;-
A. Cost Centre B. Public Body C. Federal Agency D. A& B E.A&C
5. ________Most of time Peoples of Ethiopia complain ‘’ As there are enough hospitals in Ethiopia but
there is shortage of Medicine in those Hospitals ‘’;-As you are Finance Student how you explain this
gap in terms of Budget policy ;-
A. Lack of Public Expenditure management B. Limiting Expenditure to Revenue & Debt Targets not yet
done C. Balance of Capital & recurrent Expenditure not maintained D. All
6. ________Which of the following is odd;-
A. Paying Salary of Doctors B. Hospitals Construction C. Purchasing Of Medicine for Hospitals
D. Repair & Maintenance of hospital E.None
7. ________Which of the following is not correct ?

Page | 1
Moti B. (MBA Specializing In Finance)
Refit Valey University Department of Accounting & Finance
ETHIOPIAN GOVT ACCOUNTING-Weekend EXAM

A. Annual Fiscal Plan Pagume 1-Tehisas 29 B. Annual Fiscal Planning prepared by MOFED
& Public Body C. Multi –Year Programming Prepared By MOFED & Public Body
D. Multi –Year Planning prepared by MOFED –Approved by Para lama E. None
8. ________Which of the following is not -Correct?
A. Budget →Program →Project →Planning B. Planning→ Program →Project →Budget
C. Planning →Project →Program →Budget D. All
9. _______ Which of the following is in correct structure of Ethiopian Budget structure by
Financial unit ?
A. Federal Agency →Public Body →Sub-Agency →Sub-Sub Agency →Cost center
B. MOFED→MOE→ University→ colleges → Departments
C. Federal →AA City Administration →Bole Sub City →Woreda 21→Kebele 2
D. Federal →SNNPR →Sidama Zone→Shebedeno Woreda→Ayana Kebele E.All F.None
10. ______Which of the Following is not true about Budget ?
A. It Is an Instrument of Resource allocation b/n different competing needs
B. It is an Instrument of Resource allocation b/n similar competing needs
C. It is an instrument Resource allocation b/n different non- competing needs D. All except ‘’A’’
11. _______True about FGE Account Reform Team is; -
A. Established by PMO B. Study and Implementation on country Accounting system
C. Established by MOFED D. Established by Para lama E.A& D F.B&C
Part Three: -WRITING & WORK OUT (20 Marks)

!.Write and explain the correct procedures and process of FGE Budget
System__________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
_

Page | 2
Moti B. (MBA Specializing In Finance)
Refit Valey University Department of Accounting & Finance
ETHIOPIAN GOVT ACCOUNTING-Weekend EXAM

Page | 3
Moti B. (MBA Specializing In Finance)

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