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National Open University Exam Past Question – EDA 834 OCTOBER/NOVEMBER 2014 EXAMINATION

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.

(5 marks)

 

  1. b. Explain the following with examples as used in educational finance:

 

  1. Financial Control
  2. Payment vouchers iii.         Imprest
  3. Virement and cash management v.          Unit cost per pupil with examples

 

(20 marks)

 

 

  1. State five reasons to justify educational taxation.  (5 marks).

 

  1. Budget preparation practices by educational administrators are fully accepted by all. Do you agree?  Discuss. (20 marks)

 

  1. 3. Funding of education is the sole responsibility of government, some educational agencies and relevantpar  Discuss.

 

  1. 4. Expatiate on five reasons for financial distress in Nigerian universitie

 

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