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Pac/M/504: Educational Finance Question Paper

Pac/M/504: Educational Finance

Course:Master Of Education

Institution: Kenyatta University question papers

Exam Year:2010

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2009/2010
INSTITUTIONAL BASED PROGRAMME (IBP)
EXAMINATION FOR THE DEGREE OF MASTER OF EDUCATION
PAC/M/504: EDUCATIONAL FINANCE

DATE: Friday, 30th April, 2010

TIME: 9.00 a.m. – 12.00 p.m.
------------------------------------------------------------------------------------------------------------
INSTRUCTIONS:
Answer ALL questions in Section A and any TWO in Section B.
SECTION A:
1. a) State two objectives of a school budget
(2 marks)
b)
Differentiate traditional budget design from an ideal budget design.(2 marks)
c)
What is function/object budgeting?(2 marks)
Page 1 of 4
d)
Differentiate between zero-based budgeting (ZBB) and Site-based
(School-site) budgeting.(2 marks)
e)
State 2 effects of a poorly formulated school budget.
(2 marks)
2.
State 3 objectives of financial accounting in schools.(3 marks)

3.
State 3 objectives of financial auditing in schools.(3 marks)

4.
Differential between internal auditing and external auditing.(1 mark)

5.
The school development plan (SDP) and the budget are interrelated. Explain.(3 marks)

Page 2 of 4
6.
It is important to consider the educational plan when formulating the budget.
Explain.(2 marks)

7.
It is important to consider the expenditure plan when formulating the budget.
Explain.(2 marks)

8.
Explain the importance of any 4 principles of budgeting
(4 marks)

9.
What is the purpose of trial balance?(2 marks)

SECTION
B:

Answer any TWO questions.

1.
a)
Explain the role of four parties (including that of headteachers) in as far as budgeting of school finances is concerned.

b)
Identify and explain two problems that each party is likely to encounter in the process of budgeting school finances.

c)
How can the roles identified in (a) above be improved?(20 marks)

2.
a)
Explain the purposes of keeping any six accounting records in schools

b)
What are some of the problems emanating from failure to keep the accounting records identified in (a) above.
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c)
Give suggestions on how the problems identified in (b) above can be
resolved.(20 marks)

3.
a)
Discuss any six problems identified by auditors in the process of auditing how financial resources are managed in schools

b)
Explain any six procedures used by auditors to help them in detecting weaknesses and problems associated with financial management in schools.
c)
Give suggestions on how auditing in schools can be improved.(20 marks)

4.
a)
Explain any six financial management problems facing schools in Kenya

b)
Using examples, illustrate why each of the problems stated in (a) above have persisted

c)
Show how these problems can be resolved.

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Pac/M/504: Educational Finance Question Paper

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