1 / 18

GOOD MORNING EVERYBODY

GOOD MORNING EVERYBODY. I AM A. N. JAUDALLY, MFO FROM THE REGISTRAR GENERAL DEPARTMENT. WELCOME TO YOU ALL FOR THIS PRESENTATION ON FINANCIAL MANAGEMENT. FINANCIAL OPERATIONS. A.BUDGETARY PROCESS B.FINANCIAL TRANSACTIONS C. MONITORING D. REPORTS E. MISCELLANEOUS. BUDGETING PROCESS.

akina
Download Presentation

GOOD MORNING EVERYBODY

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. GOOD MORNINGEVERYBODY • I AM A. N. JAUDALLY, MFO FROM THE REGISTRAR GENERAL DEPARTMENT. • WELCOME TO YOU ALL FOR THIS PRESENTATION ON FINANCIAL MANAGEMENT

  2. FINANCIAL OPERATIONS • A.BUDGETARY PROCESS • B.FINANCIAL TRANSACTIONS • C. MONITORING • D. REPORTS • E. MISCELLANEOUS

  3. BUDGETING PROCESS • SHIFT FROM LINE BUDGET TO PBB-WHY • SUGAR PRICE • MARKETS & TARIFF BARRIERS • GLOBALISATION • FINANCIAL & CURRENCY CRISIS • CHARACTERISTICS- • LINE B.-SIMPLE,INPUT ORIENTED • PBB-COMPLEX,OUTPUT ORIENTED • PBB- • OVERVIEW • PRO/SUB P. • OUTCOME • OUTPUT • INDICATORS • ACTIVITIES • INPUTS • TARGETS • MTEF – • PROJECT RESOURCE AVAILABILITY • DISTRIBUTION • PREPARE PBB • AGREEMENT • POLITICAL APPROVAL • LEGAL APPROVAL

  4. SUCCESSES & CHALLENGES • SUCCESSES- • MINDSET • PROJECTS FRAMED • PERFORMANCE GIVEN INDICATORS • CHALLENGES- • ACCOUNTABILITY • COSTING • EVALUATION • OWNERSHIP

  5. FINANCIAL TRANSACTIONS • RECEIPTS: • TAXES.LOANS.GRANTS • Voucher,cashbook,banking,security • PAYMENTS: • AUTHORITY.CERTIFICATES.funds, allocation • PE,O.C.,CAPITAL. • JOURNALS. • ADJUSTMENTS.D.WARRANT,VIREMENT • ACCOUNTING: • TAS.BACK SYSTEMS.

  6. MONITORING &REPORTING • FORECAST.ACTUAL. REVISED.VARIANCE • T.A.S-SET OF BOOKS- • BUB BOOK • WEEK BOOK • CAP PROJECT BOOK • REVENUE • UTILITIES • REPORTS & RETURNS- • Budget monitoring • Cash flow • Cash in transit • psip

  7. MISCELLANEOUS • PROCUREMENT • AUDIT • WRITE-OFF & DESTRUCTION OF RECORDS • GRANTS • BELOW-THE-LINE ACCOUNTS • SELF-ACCOUNTING • STAKEHOLDERS • LEGAL FRAMEWORK • GOV.ACCT.SYSTEMS • CAPITAL PAYMENTS

  8. PROCUREMENT • MFO-MEMBER OF COM. • VFM

  9. AUDIT • PRE-AUDIT • INTERNAL AUDIT • EXTERNAL AUDIT • PAC • PROCESSES FOR AUDIT QUERIES: • MANAGEMENT LETTER • EXIT CONFERENCE • REFERENCE SHEET • CONFIDENTIALITY

  10. INTERNAL CONTROL • INTERNAL CONTROL • INTERNAL CHECK

  11. BELOW THE LINE ACCOUNTS • ADVANCES • DEPOSITS • IMPRESTS • SPECIAL FUNDS

  12. WRITE OFF & DESTRUCTION OF REC. • WHEN TO WRITE OFF • PROCEDURES

  13. STAKEHOLDERS • MOFED • TREASURY • MCSAR • CISD • STATISTICS • BOM

  14. SELF-ACCOUNTING DEPARTMENTS • EXAMINATION & PAYMENTS • BANKING ARRANGEMENTS • BANK REC. STATEMENTS

  15. GRANTS • GRANT MEMORANDUM • RELEASE OF GRANTS

  16. ACCOUNTING SYSTEMS • LIMIT POWER OF GOVERNMENT • LEGISLATURE POWER • CASH BASIS • ACCRUAL BASIS • ANNUAL REPORT-WEAKNESSES • NO ASSETS SHOWN • NO PREPAYMENTS/ACCRUALS • NO REVALUATION/DEPRECIATION • NO FULL COST OF GOV.OPERATIONS • NO DEBTORS/CREDITORS ACCOUNTS

  17. CAPITAL EXPENDITURE • PPC • PSIP • PAYMENT PARTICULARITIES

  18. LEGAL & ADMINISTRATIVE FRAMEWORK • Constitution sec.103-110 • Finance and Audit Act • PUBLIC Debt MANAGEMENT Act • PUBLIC PROCUREMENT ACT AND REGULATIONS • FMM VOL I-VIII-FINANCIAL INSTRUCTIONS • IPPM • ICTM

More Related