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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.

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Presentation Transcript
good morning everybody
GOOD MORNINGEVERYBODY
  • I AM A. N. JAUDALLY, MFO

FROM THE REGISTRAR GENERAL DEPARTMENT.

  • WELCOME TO YOU ALL FOR

THIS PRESENTATION ON FINANCIAL MANAGEMENT

financial operations
FINANCIAL OPERATIONS
  • A.BUDGETARY PROCESS
  • B.FINANCIAL TRANSACTIONS
  • C. MONITORING
  • D. REPORTS
  • E. MISCELLANEOUS
budgeting process
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
successes challenges
SUCCESSES & CHALLENGES
  • SUCCESSES-
            • MINDSET
            • PROJECTS FRAMED
            • PERFORMANCE GIVEN INDICATORS
  • CHALLENGES-
            • ACCOUNTABILITY
            • COSTING
            • EVALUATION
            • OWNERSHIP
financial transactions
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.
monitoring reporting
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
miscellaneous
MISCELLANEOUS
  • PROCUREMENT
  • AUDIT
  • WRITE-OFF & DESTRUCTION OF RECORDS
  • GRANTS
  • BELOW-THE-LINE ACCOUNTS
  • SELF-ACCOUNTING
  • STAKEHOLDERS
  • LEGAL FRAMEWORK
  • GOV.ACCT.SYSTEMS
  • CAPITAL PAYMENTS
procurement
PROCUREMENT
  • MFO-MEMBER OF COM.
  • VFM
audit
AUDIT
  • PRE-AUDIT
  • INTERNAL AUDIT
  • EXTERNAL AUDIT
  • PAC
  • PROCESSES FOR AUDIT QUERIES:
            • MANAGEMENT LETTER
            • EXIT CONFERENCE
            • REFERENCE SHEET
            • CONFIDENTIALITY
internal control
INTERNAL CONTROL
  • INTERNAL CONTROL
  • INTERNAL CHECK
below the line accounts
BELOW THE LINE ACCOUNTS
  • ADVANCES
  • DEPOSITS
  • IMPRESTS
  • SPECIAL FUNDS
write off destruction of rec
WRITE OFF & DESTRUCTION OF REC.
  • WHEN TO WRITE OFF
  • PROCEDURES
stakeholders
STAKEHOLDERS
  • MOFED
  • TREASURY
  • MCSAR
  • CISD
  • STATISTICS
  • BOM
self accounting departments
SELF-ACCOUNTING DEPARTMENTS
  • EXAMINATION & PAYMENTS
  • BANKING ARRANGEMENTS
  • BANK REC. STATEMENTS
grants
GRANTS
  • GRANT MEMORANDUM
  • RELEASE OF GRANTS
accounting systems
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
capital expenditure
CAPITAL EXPENDITURE
  • PPC
  • PSIP
  • PAYMENT PARTICULARITIES
legal administrative framework
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