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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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GOOD MORNING EVERYBODY


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    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