ANSWER ALL THE QUESTIONS

It is essential to provide practical examples. At least $30\%$ of the marks is allocated to the application of the theory.

QUESTION $1$

All money received by the national government, is paid into the National Revenue Fund and allocated in equitable shares to provincial and local governments. Answer the following questions:

$($a$)$ What is the National Revenue Fund and how does it function?

$($b$)$ What are the criteria, role$-$players and legislation relevant to the equitable division of those money to the national, provincial and local spheres of government.

QUESTION $2$

Analyse and discuss the role of the accounting officer in expenditure management with specific reference to the relevant guidelines, legislative, procedural and control framework.

$50$

TOTAL: $[100]$