Series: NOV 2019

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CSME – Nov 2019 – L2 – Q6c – Ethics in Business

Discusses ethical non-consequentialism with a focus on duty and highlights problems associated with this ethical theory.

Question

Answer

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Tags: Deontological Ethics, Duty Ethics, Non-Consequentialism
Level: Level 2

Topic: Ethics in Business
Series: NOV 2019

CSME – Nov 2019 – L2 – Q6b – Ethics in Business

Discusses the differences between ethical subjectivism and situation ethics.

Question

b) Distinguish ethical subjectivism from situation ethics. (6 Marks)

Answer

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Tags: Business Ethics, Ethical Subjectivism, Situation Ethics
Level: Level 2

Topic: Ethics in Business
Series: NOV 2019

CSME – Nov 2019 – L2 – Q6a – Strategic Planning Process

Defines business strategy and highlights key questions that a five-year business strategy must answer.

Question

(a) Define “business strategy” and highlight EIGHT questions that a five-year business strategy must seek to answer. (5 Marks)

Answer

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Tags: Business Strategy, Organizational Growth, Strategic Planning
Level: Level 2

Topic: Strategic Planning Process
Series: NOV 2019

CSME – Nov 2019 – L2 – Q5b – Corporate Governance

Analyzes the alternative types of board structures and provides arguments for the most viable option.

Question

(b) Analyze the alternative types of board structure that a company might adopt and provide an argument in support of the one you consider to be more viable. (10 Marks)

Answer

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Tags: Board Structure, Corporate Governance, Two-Tier Board, Unitary Board
Level: Level 2

Topic: Corporate Governance
Series: NOV 2019

CSME – Nov 2019 – L2 – Q5a – Risk Management and Corporate Strategy

Outlines a presentation on the functions and determinants of the efficiency of a risk manager.

Question

(a) You are preparing for a job interview as a risk manager. This requires you to make a ten-minute presentation on the functions and determinants of the efficiency of a risk manager.

Required:
Present an outline of your 10-minute presentation. (10 Marks)

Answer

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Tags: Corporate Strategy, Risk Management, Risk Manager Efficiency
Level: Level 2

Topic: Risk Management, Risk Management and Corporate Strategy
Series: NOV 2019

CSME – Nov 2019 – L2 – Q4c – Corporate Social Responsibility (CSR)

Explores the concept of social ecology and its impact on corporate social responsibility.

Question

Answer

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Tags: Corporate Sustainability, Environmental Responsibility, Social Ecology
Level: Level 2

Topic: Corporate social responsibility
Series: NOV 2019

CSME – Nov 2019 – L2 – Q4b – Corporate Social Responsibility (CSR)

Explores the concept of carbon neutrality and its application to corporate operations.

Question

(b) Discuss the concept of carbon neutrality in relation to the operations of companies. (5 Marks)

Answer

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Tags: Carbon Neutrality, Corporate Sustainability, Environmental impact
Level: Level 2

Topic: Corporate social responsibility
Series: NOV 2019

CSME – Nov 2019 – L2 – Q4a – Corporate Social Responsibility (CSR)

Discusses the environmental and social impacts created by organizations in their pursuit of economic wealth.

Question

a) In their quest to create economic wealth, business organizations leave environmental and social footprints.

Required:
Discuss environmental and social footprints of organizations. (10 Marks)

Answer

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Tags: Corporate Social Responsibility, Environmental Footprint, Social Impact
Level: Level 2

Topic: Corporate social responsibility
Series: NOV 2019

CSME – Nov 2019 – L2 – Q3b – Ethical Issues in Corporate Governance

Discusses the application of six principles of the Nolan Committee in public finance management.

Question

(b) The public sector is the driver of the economies of many developing nations. Public Finance Management has become a focus of attention in these economies. Development partners have therefore drawn the attention of governments to the Nolan Committee’s report on Standards in Public Life.

Required:
Discuss SIX of these principles for public office holders and show how they can enhance performance in the public sector. (6 Marks)

Answer

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Tags: Nolan Committee, Public Finance, Public sector governance
Level: Level 2

Topic: Ethical Issues in Corporate Governance
Series: NOV 2019

CSME – Nov 2019 – L2 – Q3a – Corporate Governance

Discusses basic concepts that are essential for good corporate governance and their relation to governance practices.

Question

(a) There are basic concepts that must be observed for good corporate governance in an entity.

Required:
Discuss these concepts and show how they relate to good corporate governance. (14 Marks)

Answer

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Tags: Accountability, Corporate Governance, Fairness, Transparency
Level: Level 2

Topic: Corporate Governance
Series: NOV 2019

CSME – Nov 2019 – L2 – Q2 – Corporate Governance

Comparative analysis of the International Corporate Governance Network (ICGN) guidelines and the Financial Reporting Council of Nigeria (FRCN) Code on corporate risk oversight.

Question

As a risk management consultant, you are required to provide a comparative overview of the International Corporate Governance Network (ICGN) guidelines and the Financial Reporting Council of Nigeria (FRCN) Code of Corporate Governance on responsibilities for the oversight and management of corporate risk. (20 Marks)

Answer

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Tags: Corporate Governance, FRCN Code, ICGN Guidelines, Risk Management
Level: Level 2

Topic: Corporate Governance
Series: NOV 2019

CSME – Nov 2019 – L2 – Q1 – Strategic Implementation

Discusses Fitzgerald and Moon’s building block model and applies it to Premier Insurance Plc.’s strategic performance evaluation, recommending new strategies based on the model.

Question

Premier Insurance Plc. (PIP) was incorporated in 2000. It commenced insurance business in 2001. 49% of the company’s equity was held by its foreign technical partners, with the remaining 51% held by Nigerians. The company’s technical agreement required that the technical partners produce the Managing Director while the Nigerian shareholders provide the Chairman and Deputy Managing Director. As a result of this arrangement, Mr. R. Stalwart emerged as Managing Director, Chief E. Acquah as Chairman, and Mr. D. Dede as Deputy Managing Director.

Business Outlook
The company’s premium and investment incomes were rising steadily until 2010. The company’s profits were further buoyed by rental income realized from its heavy investment in real estate. The company also enjoyed significant government patronage due to the strong connection of its chairman, who was a leader of the ruling party.

However, in 2010, the global economic crisis impacted the Nigerian economy, leading the technical partners to reduce their investment from 49% to 10%. This caused Mr. Stalwart to resign as Managing Director. Simultaneously, the loss of government support led to a dramatic drop in income from government and multinational business accounts. These factors, coupled with a slump in the real estate market, led to a significant decline in profits.

Re-organisation
Following the resignation of Mr. Stalwart, the new investors demanded a re-organisation of the company. Mr. Dede was appointed as the new Managing Director with the mandate to evaluate the company’s strategic performance and develop a strategy to improve its market performance.

Required:
(a) Discuss Fitzgerald and Moon’s building block model for analyzing performance management systems in service industries. (12 Marks)

(b) Apply the Fitzgerald and Moon building block model to evaluate the strategic performance of Premier Insurance Plc. (20 Marks)

(c) Summarize the outcome of the evaluation of the performance management system of Premier Insurance Plc. and recommend elements of a new strategy for the company based on the Fitzgerald and Moon building block model. (8 Marks)

Answer

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Tags: Performance Management, Performance metrics, Service Industries, Strategic Reorganization
Level: Level 2

Topic: Strategy implementation
Series: NOV 2019

PSA&F – Nov 2019 – L2 – Q6b – Public-Private Partnerships (PPP)

Identifies five functions of the Bureau of Public Enterprises (BPE) in commercialization and privatization.

Question

The Bureau of Public Enterprises (BPE) is charged with the implementation of the privatization program.

Required:

Identify FIVE commercialization functions and FIVE privatization functions of the BPE.

Answer

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Tags: Bureau of Public Enterprises, Commercialization, Privatization, Public Sector Reforms
Level: Level 2

Topic: Public-Private Partnerships (PPP)
Series: NOV 2019

PSA&F – Nov 2019 – L2 – Q6a – Government Revenue

Explains three ways to authorize payments from the Consolidated Revenue Fund (CRF) and discusses two statutory payments permitted by law to be charged directly to the CRF.

Question

The objective of public financial management is to safeguard public funds from mismanagement. One way to achieve this is by ensuring that payments from the Consolidated Revenue Fund (CRF) are properly authorized.

Required:

Identify and explain THREE ways to authorize payments from the CRF.
Discuss TWO statutory payments that can be charged directly to the CRF.

Answer

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Tags: Consolidated Revenue Fund (CRF), Government Payments, Public Financial Management, Treasury Management
Level: Level 2

Topic: Government Revenue
Series: NOV 2019

PSA&F – Nov 2019 – L2 – Q5b – Public-Private Partnerships (PPP)

Discusses three benefits and two adverse consequences of Public-Private Partnerships (PPP).

Question

A Public Private Partnership (PPP) is a cooperative arrangement between two or more public and private sectors, typically of a long-term nature.

Required:

Identify and explain THREE benefits of Public Private Partnerships (PPP).
Discuss TWO adverse consequences of Public Private Partnerships (PPP).

Answer

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Tags: PPP Benefits, PPP Challenges, Public Sector Finance, Public-Private Partnerships
Level: Level 2

Topic: Public-Private Partnerships (PPP)
Series: NOV 2019

PSA&F – Nov 2019 – L2 – Q5a – Financial Reporting and Accountability in the Public Sector

Prepares a consolidated budget report comparing budgeted and actual amounts for Ogoja State Government for the year ended 2018.

Question

IPSAS 24 on Presentation of Budget Information in Financial Statements requires a comparison of budgeted amounts and the actual amount arising from execution of the budget to be included in the financial statements of entities. The standard also requires disclosure of an explanation of the reasons for material differences between the budget and actual amounts to ensure that public sector entities discharge their accountability obligations and enhance the transparency of their financial statements.

Ogoja State Government provided the following budget information for the year ended December 31, 2018.

Required:
Prepare a consolidated budget report for the year ended December 31, 2018.

Answer

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Tags: Budget and Actual Amounts, Budget Reporting, IPSAS 24, Public Sector Accounting, Transparency
Level: Level 2

Topic: Financial Reporting and Accountability in the Public Sector
Series: NOV 2019

PSA&F – Nov 2019 – L2 – Q4b – Fiscal Policy and Public Finance

Discusses circumstances under which debt financing is appropriate and identifies four documents needed for the issuance of bonds.

Question

Public projects can be financed through debt, taxation, and other related revenue. The choice of any one method depends on the objective and the overall long-term implications for the economy.

Required:

Discuss TWO circumstances under which debt financing is appropriate.
Identify FOUR documents required for the issuance of bonds to a state or local government.

Answer

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Tags: Bonds, Debt Financing, Public Projects, Public Sector, Revenue Generation
Level: Level 2

Topic: Fiscal Policy and Public Finance
Series: NOV 2019

PSA&F – Nov 2019 – L2 – Q4a – Government Revenue

Prepare a revenue collector’s cashbook for the month of August 2019 using provided data.

Question

Mr. Dokun, a revenue collector in the High Court of Okoko State, submitted the following information for the month of August 2019:

Date	Payer	Reasons for Payment	Amount (N)
5/8/19	Mr. Okon	Registration of contractor	50,000
14/8/19	Mr. Ahmed	Court fine	135,000
16/8/19	Mr. Charles	Declaration of age	1,000
20/8/19	Mr. Bako	Court fine	500,000
26/8/19	Mrs. Ogun	Registration of contractor	50,000

The money collected under this Revenue Head 300 has the following sub-heads:

Declaration of Age: 002
Court Fine: 005
Registration of Contractor: 115

All payments were made through a designated bank with bank tellers provided by the payers. The revenue collector transferred all the takings to the main cashier on August 29, 2019, and received Treasury receipt number AA12356.

Required:
Write up the revenue collector’s cashbook as at August 31, 2019.

Answer

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Tags: Cashbook, Government Receipts, Public Sector Accountability, Revenue Collection
Level: Level 2

Topic: Government Revenue
Series: NOV 2019

PSA&F – Nov 2019 – L2 – Q3b – Fiscal Policy and Public Finance

Explains the term "public debt" and discusses three benefits and two demerits of public debt.

Question

The Debt Management Office (DMO) in Nigeria manages the Nation’s public debt.

Required:

Explain the term “Public Debt.”
Discuss THREE benefits and TWO demerits of public debt.

Answer

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Tags: Benefits, Debt Management Office, Demerits, Public Debt, Public Finance
Level: Level 2

Topic: Fiscal Policy and Public Finance
Series: NOV 2019

PSA&F – Nov 2019 – L2 – Q3a – Pension Accounting in the Public Sector

Identifies two categories of persons exempted from the contributory pension scheme and discusses three deficiencies of the scheme.

Question

In accordance with Section 2(1-2) of the Pension Act 2014, both the public and private sectors’ pension schemes are now contributory. The employers and employees are expected to contribute a minimum of 18% in aggregate towards the retirement of the employees. The rate is subject to review as may be agreed between the employer and employees.

Required:

Identify TWO categories of persons exempted from the scheme.
Discuss THREE deficiencies of the scheme.

Answer

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Tags: Deficiencies, Exemptions, Pension Schemes, Public Sector, Retirement Benefits
Level: Level 2

Topic: Pension Accounting in the Public Sector
Series: NOV 2019

Series: NOV 2019

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CSME – Nov 2019 – L2 – Q6c – Ethics in Business

Discusses ethical non-consequentialism with a focus on duty and highlights problems associated with this ethical theory.

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CSME – Nov 2019 – L2 – Q6b – Ethics in Business

Discusses the differences between ethical subjectivism and situation ethics.

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CSME – Nov 2019 – L2 – Q6a – Strategic Planning Process

Defines business strategy and highlights key questions that a five-year business strategy must answer.

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CSME – Nov 2019 – L2 – Q5b – Corporate Governance

Analyzes the alternative types of board structures and provides arguments for the most viable option.

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CSME – Nov 2019 – L2 – Q5a – Risk Management and Corporate Strategy

Outlines a presentation on the functions and determinants of the efficiency of a risk manager.

You're reporting an error for "CSME – Nov 2019 – L2 – Q5a – Risk Management and Corporate Strategy"

CSME – Nov 2019 – L2 – Q4c – Corporate Social Responsibility (CSR)

Explores the concept of social ecology and its impact on corporate social responsibility.

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CSME – Nov 2019 – L2 – Q4b – Corporate Social Responsibility (CSR)

Explores the concept of carbon neutrality and its application to corporate operations.

You're reporting an error for "CSME – Nov 2019 – L2 – Q4b – Corporate Social Responsibility (CSR)"

CSME – Nov 2019 – L2 – Q4a – Corporate Social Responsibility (CSR)

Discusses the environmental and social impacts created by organizations in their pursuit of economic wealth.

You're reporting an error for "CSME – Nov 2019 – L2 – Q4a – Corporate Social Responsibility (CSR)"

CSME – Nov 2019 – L2 – Q3b – Ethical Issues in Corporate Governance

Discusses the application of six principles of the Nolan Committee in public finance management.

You're reporting an error for "CSME – Nov 2019 – L2 – Q3b – Ethical Issues in Corporate Governance"

CSME – Nov 2019 – L2 – Q3a – Corporate Governance

Discusses basic concepts that are essential for good corporate governance and their relation to governance practices.

You're reporting an error for "CSME – Nov 2019 – L2 – Q3a – Corporate Governance"

CSME – Nov 2019 – L2 – Q2 – Corporate Governance

Comparative analysis of the International Corporate Governance Network (ICGN) guidelines and the Financial Reporting Council of Nigeria (FRCN) Code on corporate risk oversight.

You're reporting an error for "CSME – Nov 2019 – L2 – Q2 – Corporate Governance"

CSME – Nov 2019 – L2 – Q1 – Strategic Implementation

Discusses Fitzgerald and Moon’s building block model and applies it to Premier Insurance Plc.’s strategic performance evaluation, recommending new strategies based on the model.

You're reporting an error for "CSME – Nov 2019 – L2 – Q1 – Strategic Implementation"

PSA&F – Nov 2019 – L2 – Q6b – Public-Private Partnerships (PPP)

Identifies five functions of the Bureau of Public Enterprises (BPE) in commercialization and privatization.

You're reporting an error for "PSA&F – Nov 2019 – L2 – Q6b – Public-Private Partnerships (PPP)"

PSA&F – Nov 2019 – L2 – Q6a – Government Revenue

Explains three ways to authorize payments from the Consolidated Revenue Fund (CRF) and discusses two statutory payments permitted by law to be charged directly to the CRF.

You're reporting an error for "PSA&F – Nov 2019 – L2 – Q6a – Government Revenue"

PSA&F – Nov 2019 – L2 – Q5b – Public-Private Partnerships (PPP)

Discusses three benefits and two adverse consequences of Public-Private Partnerships (PPP).

You're reporting an error for "PSA&F – Nov 2019 – L2 – Q5b – Public-Private Partnerships (PPP)"

PSA&F – Nov 2019 – L2 – Q5a – Financial Reporting and Accountability in the Public Sector

Prepares a consolidated budget report comparing budgeted and actual amounts for Ogoja State Government for the year ended 2018.

You're reporting an error for "PSA&F – Nov 2019 – L2 – Q5a – Financial Reporting and Accountability in the Public Sector"

PSA&F – Nov 2019 – L2 – Q4b – Fiscal Policy and Public Finance

Discusses circumstances under which debt financing is appropriate and identifies four documents needed for the issuance of bonds.

You're reporting an error for "PSA&F – Nov 2019 – L2 – Q4b – Fiscal Policy and Public Finance"

PSA&F – Nov 2019 – L2 – Q4a – Government Revenue

Prepare a revenue collector’s cashbook for the month of August 2019 using provided data.

You're reporting an error for "PSA&F – Nov 2019 – L2 – Q4a – Government Revenue"

PSA&F – Nov 2019 – L2 – Q3b – Fiscal Policy and Public Finance

Explains the term "public debt" and discusses three benefits and two demerits of public debt.

You're reporting an error for "PSA&F – Nov 2019 – L2 – Q3b – Fiscal Policy and Public Finance"

PSA&F – Nov 2019 – L2 – Q3a – Pension Accounting in the Public Sector

Identifies two categories of persons exempted from the contributory pension scheme and discusses three deficiencies of the scheme.

You're reporting an error for "PSA&F – Nov 2019 – L2 – Q3a – Pension Accounting in the Public Sector"

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