ACCOUNTING FRAMEWORKDEVELOPMENT  STRATEGY 14TH DECEMBER, 2001
Purpose of this seminar……..• To inform Opinion Leaders on  the progress with the  Accounting Framework  Project• To explai...
Reminder of our approach….• STRATEGIC PLANNING APPROACH  which uses….• A DEFINED STRATEGY consisting of• ..… Common VISION...
THAILAND PUBLIC SECTOR       ACCOUNTING FRAMEWORK DEVELOPMENT STRATEGY                          Objectives                ...
August 2001                Commencement        End September 2001               Initial Plan Complete        End December ...
ASDG DOCUMENT S FRAMEWORK AS AT 14/12/01                                                E 10                              ...
What the Framework will look like after March, 2002…..                        Accounting     Financial          Framework ...
Main Issues for ASDG re   Training are …………..• What are we going to train?• Who are we going to train?• How are we going t...
OBJECTIVE OFTHE THAILAND PUBLIC SECTOR FINANCIAL      MANAGEMENT REFORM PLAN HOW DO WE IMPROVE THE MANAGEMENT  OF FINANCIA...
SCOPE OF THE PSFMRP   (Economic/institutional classification)                                           Social            ...
The Thailand Financial Management Process                            Planning                        Government Decisions ...
Thailand Financial Management Building Blocks     INPUTS                                     OUTPUTS      Strategic     Ma...
Thailand Public Sector Financial Management Reform Plan Framework             Thailand Government Priorities              ...
CATEGORIES FOR PUBLIC SECTOR FINANCIAL  MANAGEMENT REFORM PLAN TRAINING                               OPINION   Public Pol...
THE MAINCONSTRAINT………………. NOT ENOUGH MANAGER’S    TIME
Alternative approaches……...• Undertake a detailed separate training  programs for each component of the  Public Sector Fin...
TRAINING OBJECTIVES…..• Target Group - INFORMED USERS(CEOs, Finance Directors, Senior Managers)• Objective of Training - T...
The Thai Public Sector as a Learning Community               Prime               VisionOPINION       MinisterLEADERS      ...
PSFMRP Training Content2-3 DAYS COMPRISING -• PSFMRP OVERVIEW - Context• STRATEGIC PLANNING - Concepts,  Plans required, A...
PSFMRP Training Content2-3 DAYS COMPRISING -• ASSET MANAGEMENT - Outline,  Management Cycle, Decision Making• LIABILITY MA...
PSFMRP Training Content2-3 DAYS COMPRISING -• MANAGEMENT REPORTING -  Revenue, Expenditure, Costs,  Decisions             ...
Thailand Public Sector Financial Management Reform Plan - The Web Site                Thailand Government Priorities      ...
www.mof.finman.th
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Financial Management Framework Dr Rovel Shackleford

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Presentation to the Government of Thailand on Financial management Framework; Arrina Global

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Financial Management Framework Dr Rovel Shackleford

  1. 1. ACCOUNTING FRAMEWORKDEVELOPMENT STRATEGY 14TH DECEMBER, 2001
  2. 2. Purpose of this seminar……..• To inform Opinion Leaders on the progress with the Accounting Framework Project• To explain the Next Steps and obtain support for the continuance of the ASDG strategy
  3. 3. Reminder of our approach….• STRATEGIC PLANNING APPROACH which uses….• A DEFINED STRATEGY consisting of• ..… Common VISION• ……Clear OBJECTIVES• ……An agreed TIMETABLE• ……Established DELIVERABLES• ……Continuous MONITORING and REVIEW• [An example of Action Learning]
  4. 4. THAILAND PUBLIC SECTOR ACCOUNTING FRAMEWORK DEVELOPMENT STRATEGY Objectives Thai Government Priorities Public Sector Management Reform Plan Monitoring Technical MOF/CGD Corporate Plan Monitoring of ASDG Business Plan Outputs IAS Framework & IPSASs Implementation RTG FINANCIAL Accounting Policies Review of STATEMENTquality/compliance Financial Statement Instructions Recommended Implementation Issues Model Accounts improvements Resource Plan/Timetable Training Materials Accounting Standards Process Technical Reference Centre Reporting Entity Database Communications Training Schedules
  5. 5. August 2001 Commencement End September 2001 Initial Plan Complete End December 2001 Substantive Materials provided (English) End February 2002 Materials Publicly Available (English/Thai) Commencing March 2002Intensive Training of Informed Users onPublic Sector Financial Management Reform Plan
  6. 6. ASDG DOCUMENT S FRAMEWORK AS AT 14/12/01 E 10 15 Technical Agency Accounting ET IASs ET Comperio Library Manual E IPSAS ET 9 (KPMG) IPSASs Chart of Accounts Glossary 13 ET CGD 2 E Reconciliation Advanced 1 Accounting PWC 14 Policies Policies FSIs Example Accounts GFS ET 3 16 11 ET 12 Reporting WEB SITE Model ET Entity www.mof.finman.gov.th Accounts 17 4 IFAC 7Articles ET T Transitional IPSAS TRAINING E Guidance MATERIALS Blue E KPMG 8 ASDG Book Reports Strategy 18 5 ET= English/Thai Plan 6
  7. 7. What the Framework will look like after March, 2002….. Accounting Financial Framework ACCOUNTING Plan Statement STANDARDS Instructions (nee POLICIES) THAI ENGLISH WWW.MOF.FINMAN.TH Q&As Web CT ModelAccounts IPSAS General Training TRAINING Modules MODULES
  8. 8. Main Issues for ASDG re Training are …………..• What are we going to train?• Who are we going to train?• How are we going to train?• When are we going to train?
  9. 9. OBJECTIVE OFTHE THAILAND PUBLIC SECTOR FINANCIAL MANAGEMENT REFORM PLAN HOW DO WE IMPROVE THE MANAGEMENT OF FINANCIAL RESOURCES WITHIN THE PUBLIC SECTOR FOR THE BENEFIT OF THAILAND? THROUGH THE USE OF STRATEGICPLANNING, APPLICATION OF GOOD PUBLICPOLICY, ESTABLISHING CLEAR OBJECTIVES AND TIMETABLE AND ACHIEVING THE TARGETS
  10. 10. SCOPE OF THE PSFMRP (Economic/institutional classification) Social Sector BUDGET Other Non-budget Financial SECTOR Agencies Enterprises Sector Local Government State-ownedPrivate EnterprisesSector Sector
  11. 11. The Thailand Financial Management Process Planning Government Decisions Cabinet Papers setting priorities and performance requirements (the who, what, where,when)Reporting Budget Agency Corporate Plans & Review Agency Business PlansFinancial ReportsManagement AGENCY/ WOGReports PLANNING Budget ParametersInternal Controls PROCESS - RevenueExternal Review - Expenditure Implementation -Inputs and outputs Delivery of goods and services
  12. 12. Thailand Financial Management Building Blocks INPUTS OUTPUTS Strategic Management STRATEGIC Strategic Thinking Training Corporate Plans PLANNING Business Plans Budget Preparation Budgets for Instructions BUDGET PROCESS Agencies/ WOGFSIs/Model Financial Statements Accounts ACCOUNTING REQUIREMENTS for Agencies/ WOG COMPETENT FINANCE PERSONNEL Compliance withTraining Instructions FINANCIAL DATA SYSTEMS AND PROCESSESHardware, software and consultancy Reliable and complete financial data and reports
  13. 13. Thailand Public Sector Financial Management Reform Plan Framework Thailand Government Priorities Strategic Planning Asset Liability Management Management Funds Human Resource Management Thailand Management Budget Revenue Management Expenditure Management Financial Management Reporting Reporting
  14. 14. CATEGORIES FOR PUBLIC SECTOR FINANCIAL MANAGEMENT REFORM PLAN TRAINING OPINION Public Policy Development LEADERS Technical Standards EXPERTS Management Decision Making INFORMED and Application of Technical USERS StandardsPreparation of Data/Processing of GENERAL Systems/Support for Decision USERS Makers
  15. 15. THE MAINCONSTRAINT………………. NOT ENOUGH MANAGER’S TIME
  16. 16. Alternative approaches……...• Undertake a detailed separate training programs for each component of the Public Sector Financial Management Reform Plan (7 * 2-3 Day programs) OR• Provide one PSFMRP course over 2-3 days for the Informed Users Group.• Who is responsible for General User Group Training?…………………….
  17. 17. TRAINING OBJECTIVES…..• Target Group - INFORMED USERS(CEOs, Finance Directors, Senior Managers)• Objective of Training - TO DEVELOP MANAGERS AS CHAMPIONS OF CHANGE - THE LEADER GROUP• Content of Training - VISION, THEORY, CONCEPTS, WHERE TO GET INFORMATION (NOT DETAIL)• Outcomes - MANAGERS WHO THINK
  18. 18. The Thai Public Sector as a Learning Community Prime VisionOPINION MinisterLEADERS Ministers Strategic MEEXPERTS/ Thinking NTINFORMED DirectorsUSERSGENERAL Managers OR SkillsUSERS S Staff
  19. 19. PSFMRP Training Content2-3 DAYS COMPRISING -• PSFMRP OVERVIEW - Context• STRATEGIC PLANNING - Concepts, Plans required, Application• BUDGET PROCESSES - Concepts, Deliverables, Timetable• FINANCIAL REPORTING - GPFRs, WOG, Timetable
  20. 20. PSFMRP Training Content2-3 DAYS COMPRISING -• ASSET MANAGEMENT - Outline, Management Cycle, Decision Making• LIABILITY MANAGEMENT - Debt, Employee costs, Creditors Policy• FUNDS MANAGEMENT - Policy• HUMAN RESOURCE MANAGEMENT - Compatibility, Competencies, Leadership, Training
  21. 21. PSFMRP Training Content2-3 DAYS COMPRISING -• MANAGEMENT REPORTING - Revenue, Expenditure, Costs, Decisions AND • ACCESS TO FURTHER INFORMATION • DETAILED TECHNICAL TRAINING • POLICY UPDATES
  22. 22. Thailand Public Sector Financial Management Reform Plan - The Web Site Thailand Government Priorities Strategic Planningwww.mof.finman.th Asset Liability Management Management Funds Human Resource Management Thailand Management Budget Revenue Management Expenditure Management Financial Management Reporting Reporting
  23. 23. www.mof.finman.th

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