NATIONAL OPEN UNIVERSITY OF NIGERIA EDA 834 Budgeting and Financial Management In Education
14-16 AHMADU BELLO WAY, VICTORIA ISLAND LAGOS SCHOOL OF EDUCATION
OCTOBER/NOVEMBER 2014 EXAMINATION
Course Code: EDA 834
Course Title: Budgeting and Financial Management In Education
Time: 2 ½hrs
Instruction: Answer Question one and any other two.
1 a. Distinguish between educational finance and any other form of financial management.
- b. Explain the following with examples as used in educational finance:
- Financial Control
- Payment vouchers iii. Imprest
- Virement and cash management v. Unit cost per pupil with examples
- State five reasons to justify educational taxation. (5 marks).
- Budget preparation practices by educational administrators are fully accepted by all. Do you agree? Discuss. (20 marks)
- 3. Funding of education is the sole responsibility of government, some educational agencies and relevantpar Discuss.
- 4. Expatiate on five reasons for financial distress in Nigerian universitie