This document provides an overview of public finance management in Pakistan. It discusses key topics like what public finance refers to, the components of public finance management including resource mobilization and expenditure management. It also outlines Pakistan's budgetary process and different types of funds. The document explains constitutional provisions around the National Finance Commission and its role in distributing resources between the federal and provincial governments. It further discusses taxation systems and the importance of legislative accountability in the public financial management system.
This document outlines the development of Philippine fiscal policy. It defines key concepts like fiscal policy and consolidation. It describes the Department of Finance's mandate to formulate fiscal policies and manage government finances and debt. It also summarizes the country's fiscal accounts, budget cycle, and reform agenda, highlighting the roles of government agencies and the private sector in fiscal policy.
This presentation was made by Mutita Somana, Thailand, at the 14th OECD-Asian Senior Budget Officials Meeting held in Bangkok, Thailand, on 13-14 December 2018
This document outlines the process of developing a new chart of accounts for a government. It discusses key principles like moving from cash-based to accrual-based accounting and being compliant with international standards. It also covers developing the coding structure, including the different classification segments. Issues with the current chart of accounts are identified. The document recommends defining the path to accrual accounting and improving aspects like the functional classification, economic classification, and addressing asset/liability accounting. Implementation requires clarifying the accounting system's policy and upgrading its capabilities.
Financial Statements are structured reports regarding the financial position and transactions carried
out by a reporting entity. The general objective of financial statements is to provide information about the
financial position, budget realization, cash flows, and financial performance of a reporting entity, which is
helpful for users in making and evaluating decisions regarding resource allocation
The document discusses inter-governmental relations and financial management between national and local government agencies in the Philippines. It outlines the responsibilities of different agencies in areas like revenue collection, budgeting, expenditure management, and development planning. It also summarizes the main sources of funding for local governments which include the internal revenue allotment, local taxes and fees, economic enterprises, grants and donations, and credit financing. Common issues found in audits of local governments are also mentioned such as weaknesses in controls over assets, cash management, accounts payable, and human resource management.
This document is the 2012 State of Local Governance Performance Report for Alaminos City in Pangasinan province. It summarizes the results of the city's self-assessment using the Local Governance Performance Management System. Overall, the city received a rating of 4.41 out of 5, considered a high performance. Administrative governance received the lowest rating of 3.78 due to issues with revenue generation, resource allocation, and legislation. The report outlines strategies to address these gaps, such as updating the revenue code and improving the budgeting process. Social governance ratings were highest, with excellent performance in health services. Support for housing and basic utilities received the lowest rating of 2.40. The report identifies strengthening the local development council
This document provides an overview of public sector accounting. It defines the public sector as organizations established and financed by the government to provide services to the public rather than generate profit. Public sector accounting differs from business accounting in its objectives of providing services rather than maximizing profits. The document discusses the users and objectives of public sector accounting, including stewardship, planning, control, and transparency. It also outlines the constitutional and regulatory frameworks that govern public sector accounting in Yemen.
This document outlines the development of Philippine fiscal policy. It defines key concepts like fiscal policy and consolidation. It describes the Department of Finance's mandate to formulate fiscal policies and manage government finances and debt. It also summarizes the country's fiscal accounts, budget cycle, and reform agenda, highlighting the roles of government agencies and the private sector in fiscal policy.
This presentation was made by Mutita Somana, Thailand, at the 14th OECD-Asian Senior Budget Officials Meeting held in Bangkok, Thailand, on 13-14 December 2018
This document outlines the process of developing a new chart of accounts for a government. It discusses key principles like moving from cash-based to accrual-based accounting and being compliant with international standards. It also covers developing the coding structure, including the different classification segments. Issues with the current chart of accounts are identified. The document recommends defining the path to accrual accounting and improving aspects like the functional classification, economic classification, and addressing asset/liability accounting. Implementation requires clarifying the accounting system's policy and upgrading its capabilities.
Financial Statements are structured reports regarding the financial position and transactions carried
out by a reporting entity. The general objective of financial statements is to provide information about the
financial position, budget realization, cash flows, and financial performance of a reporting entity, which is
helpful for users in making and evaluating decisions regarding resource allocation
The document discusses inter-governmental relations and financial management between national and local government agencies in the Philippines. It outlines the responsibilities of different agencies in areas like revenue collection, budgeting, expenditure management, and development planning. It also summarizes the main sources of funding for local governments which include the internal revenue allotment, local taxes and fees, economic enterprises, grants and donations, and credit financing. Common issues found in audits of local governments are also mentioned such as weaknesses in controls over assets, cash management, accounts payable, and human resource management.
This document is the 2012 State of Local Governance Performance Report for Alaminos City in Pangasinan province. It summarizes the results of the city's self-assessment using the Local Governance Performance Management System. Overall, the city received a rating of 4.41 out of 5, considered a high performance. Administrative governance received the lowest rating of 3.78 due to issues with revenue generation, resource allocation, and legislation. The report outlines strategies to address these gaps, such as updating the revenue code and improving the budgeting process. Social governance ratings were highest, with excellent performance in health services. Support for housing and basic utilities received the lowest rating of 2.40. The report identifies strengthening the local development council
This document provides an overview of public sector accounting. It defines the public sector as organizations established and financed by the government to provide services to the public rather than generate profit. Public sector accounting differs from business accounting in its objectives of providing services rather than maximizing profits. The document discusses the users and objectives of public sector accounting, including stewardship, planning, control, and transparency. It also outlines the constitutional and regulatory frameworks that govern public sector accounting in Yemen.
Ethiopian Government Accounting System.pptxJaafar47
The document provides an overview of Ethiopia's government accounting system reforms and budget process. It discusses the objectives of reforming the accounting system to a double-entry system and improving various aspects like transparency, controls, and information reporting. It also describes the key stages of Ethiopia's annual budget cycle/process culminating in legislative approval. Various accounting classifications and codes used in the budget are defined, including codes for jurisdictions, expenditure type, functional classifications, and other categories.
The report provides financial data on the allotments, obligations, and disbursements of Philippine national government agencies in FY 2012. Key highlights include:
- Total allotments were P1,986.93 billion, with the largest shares going to Maintenance and Other Operating Expenses (P688.52 billion or 34.65%) and Capital Outlays (P598.93 billion or 30.14%).
- The Department of Finance reported the highest allotments at P545.73 billion, including P363.46 billion for Debt Service. The Department of Budget and Management was second at P305.30 billion.
- Total obligations incurred were P2,141.98 billion. Disburse
The document discusses the restructuring of Pakistan's Federal Board of Revenue (FBR) and its effects on tax collection. It notes that FBR underwent major reforms between 2001-2005 with assistance from the IMF and World Bank, including restructuring FBR along functional lines, automating processes, and improving human resources. While some intermediate goals were achieved, the overall tax-to-GDP ratio target was not met and dropped to its lowest level in over 20 years by 2011. The reforms faced challenges including slow integration, underutilized IT systems, and an ineffective audit function. Further reforms are recommended such as granting FBR full autonomy and expanding the tax base.
The document discusses the national budget of the Philippines and the Department of Budget and Management's (DBM) role in its preparation and oversight. It notes that DBM is mandated to promote efficient use of government resources to achieve socioeconomic goals. It then provides details on the composition and funding amounts of the 2016 national budget, emphasizing spending on infrastructure and program delivery while keeping a fiscal deficit below 2% of GDP. It outlines DBM's budgeting process and priorities of spending within means on key sectors and priority geographic areas in a transparent manner.
This document provides definitions and explanations of key terms and processes related to the Philippine government budget cycle. It discusses the stages of budget preparation, execution, and accountability. It defines acronyms for government agencies and budget-related terms. The stages of budget execution include allotment release, obligation, cash allocation, and disbursement. Budget accountability involves setting targets, citizen engagement, monitoring and evaluation, accountability reports, performance review, and auditing.
Philippine Public Fiscal Administration by Daisy T. Besing (MPA)Daisy Besing
This document discusses fiscal administration, which involves managing financial resources for governments and other public institutions. It outlines key aspects of fiscal administration including systems and processes for budgeting, accounting, auditing, and managing revenue and expenditures. It also provides historical details on the development of fiscal administration in the Philippines, describing the government agencies and processes involved in national and local budgeting and financial management.
Defining a performance management system for internal resource division (ird)Ahasan Uddin Bhuiyan
The concept of performance measurement has not yet been taken it’s root in Bangladesh except performance based reward system in National Board of Revenue (NBR) and the culture of Annual Confidential Report (ACR), but it is necessary to introduce a result based performance management system in every public sector institutions and divisions. Internal Resources Division (IRD) is one of the Divisions under Ministry of Finance, for which I am going to suggest a performance management system through this assignment.
This document summarizes a research seminar on public finance that covered several topics:
1. Budgeting terminologies and concepts such as the budget, balanced budget, deficits, and appropriations.
2. Philippine budgetary laws from 1936 to 2019 that established institutions and reformed the budget system.
3. Budget reforms in the Philippines including the Program Expenditure Classification and the Unified Reporting System to improve performance-informed budgeting.
4. Financial management systems like the Government Integrated Financial Management Information System and Budget and Treasury Management System that aim to integrate processes and increase transparency.
AC321 PNG Government Accounting Test Recording.pptxkapobrenden
Government accounting is a specialized branch of accounting that focuses on the financial management and reporting of government entities. It involves tracking and documenting public funds, ensuring transparency, and adhering to specific accounting standards applicable to the public sector. Government accountants play a crucial role in managing budgets, monitoring expenditures, and producing financial statements for public scrutiny. The complexity arises from the unique nature of government operations, such as multiple funds, regulations, and the need to balance social objectives with fiscal responsibility. The integration of accrual accounting, fund accounting, and compliance requirements distinguishes government accounting from traditional corporate accounting practices.
This document discusses health care financing under the National Health Mission in India. Key points include:
- Increasing government health expenditure as a percentage of GDP from the current 1.15% to 2.5% by 2025.
- Increasing state sector health spending to over 8% of budgets by 2020.
- Year-wise projected health expenditures and breakdown of central and state shares to achieve the 2.5% GDP goal.
- Status of state health budgets, expenditures, and performance on increasing budgets annually.
- National Health Mission flexible pools and budget allocations across programs for 2019-20.
- Financial progress under NHM plans over time and key areas for financial review including funds flow and management.
The document discusses key aspects of the Indian Union Budget process including revenue and capital budgets, taxes, expenditures, and budget deficits. It provides details on the multi-stage budget process including estimates of expenditures and revenues, calculation of deficits, and adjustments to narrow deficits. The stages include ministries providing expenditure estimates, assessments of revenue estimates, matching expenditures with revenues to determine initial deficits, setting borrowing targets, and potential revisions to taxes or expenditures. The document also defines key budgetary terms like fiscal deficit, primary deficit, and how India balances its books through this process.
The document provides an overview of the Treasury Single Account (TSA) system implemented in Nigeria, including:
1) The TSA consolidates all government bank accounts into a centralized account to improve cash management and address issues like lost control over accounts and idle cash.
2) It requires all government revenues be deposited in the TSA to improve transparency and prevent revenue leakage from multiple bank accounts.
3) Advocates say the TSA will increase integrity in public financial management by removing organizational secrecy around finances and ensuring all revenues are deposited in the centralized account.
Key Takeaways:
Impact of Covid-19 and Stimulus Package
Budget Philosophy and Strategy
Sectoral Allocations
Developmental Objectives and Measures
Key Statistics and Comparison with India
The document discusses financial inclusion and literacy in India. It defines financial inclusion as ensuring access to appropriate financial products and services for vulnerable groups. Financial literacy and inclusion are described as twin pillars, with literacy stimulating demand and inclusion supplying services. The Reserve Bank of India's strategies for financial inclusion include refining credit delivery, strengthening credit absorption, leveraging technology, and increasing access points like business correspondents in villages. Financial literacy initiatives involve education programs, outreach events, and collaboration between government, banks, and other organizations.
Public financial management and audit in mozambiqueicgfmconference
The document discusses public financial management in Mozambique. It outlines the key subsystems established by law, including treasury, budget, state patrimony, public accountability, and internal audit. It then focuses on describing the internal audit subsystem, its composition, coordination, obligations of institutions, and achievements and challenges. Some achievements include performance audits, integrated audits, and auditor training. Challenges include a lack of public auditor guidelines, resistance to reforms, insufficient resources and skills, and different development stages across institutions.
This document discusses government accounting and budgeting concepts. It provides an overview of the budget cycle including formulation, approval, implementation, and monitoring of budgets. It recommends the book "Accounting for Governmental & Nonprofit Entities" by Earl R. Wilson, Jacqueline L. Reck, and Susan C. Kattelus for the course. Key aspects of the Bangladeshi budgeting process and legal framework are also outlined.
The document summarizes India's fiscal policy. It discusses the objectives of fiscal policy including resource mobilization, efficient allocation of resources, reducing inequality, and price stability. It outlines the different stances a government can take - neutral, expansionary, or contractionary. It also discusses the instruments of fiscal policy including the budget, expenditures, taxation, and public debt. It provides an overview of the union and state budgets in India.
The document outlines the budgeting process and key terms in Kerala, India. It discusses (1) how the budget is prepared by estimating officers and reviewed by administrative and finance departments, (2) the key parts of the budget including the consolidated fund, contingency fund, and public account, and (3) the classification structure for budget accounts with six tiers from sector to detailed head. The budget is an annual financial statement of estimated receipts and expenditures that is presented to the state legislature.
The document discusses audio-visual (A/V) aids used in classroom instruction. It defines A/V aids as training or educational materials that target both hearing and sight, such as films and recordings. The document then discusses the importance of A/V aids according to a 2011 U.N. declaration, and classifies A/V aids into three types: audio aids, visual aids, and audio-visual aids. Examples are provided for each type. Advantages of A/V aids include enhancing the speaker's perception, helping the audience remember topics, and making topics more interesting. The document concludes with guidance for class teachers and head teachers on effectively selecting and using A/V aids.
This document provides information about budget components, budget preparation and utilization for schools in Punjab, Pakistan. It discusses salary and non-salary budgets, current and development expenditures, sources of funds, budget preparation and approval processes. It outlines the objectives of the Non-Salary Budget scheme, how school budgets are estimated and funds are to be utilized. Guidelines are provided for long-term school planning, budget implementation, accounting, monitoring, and audit. Relevant budget codes are also listed.
Ethiopian Government Accounting System.pptxJaafar47
The document provides an overview of Ethiopia's government accounting system reforms and budget process. It discusses the objectives of reforming the accounting system to a double-entry system and improving various aspects like transparency, controls, and information reporting. It also describes the key stages of Ethiopia's annual budget cycle/process culminating in legislative approval. Various accounting classifications and codes used in the budget are defined, including codes for jurisdictions, expenditure type, functional classifications, and other categories.
The report provides financial data on the allotments, obligations, and disbursements of Philippine national government agencies in FY 2012. Key highlights include:
- Total allotments were P1,986.93 billion, with the largest shares going to Maintenance and Other Operating Expenses (P688.52 billion or 34.65%) and Capital Outlays (P598.93 billion or 30.14%).
- The Department of Finance reported the highest allotments at P545.73 billion, including P363.46 billion for Debt Service. The Department of Budget and Management was second at P305.30 billion.
- Total obligations incurred were P2,141.98 billion. Disburse
The document discusses the restructuring of Pakistan's Federal Board of Revenue (FBR) and its effects on tax collection. It notes that FBR underwent major reforms between 2001-2005 with assistance from the IMF and World Bank, including restructuring FBR along functional lines, automating processes, and improving human resources. While some intermediate goals were achieved, the overall tax-to-GDP ratio target was not met and dropped to its lowest level in over 20 years by 2011. The reforms faced challenges including slow integration, underutilized IT systems, and an ineffective audit function. Further reforms are recommended such as granting FBR full autonomy and expanding the tax base.
The document discusses the national budget of the Philippines and the Department of Budget and Management's (DBM) role in its preparation and oversight. It notes that DBM is mandated to promote efficient use of government resources to achieve socioeconomic goals. It then provides details on the composition and funding amounts of the 2016 national budget, emphasizing spending on infrastructure and program delivery while keeping a fiscal deficit below 2% of GDP. It outlines DBM's budgeting process and priorities of spending within means on key sectors and priority geographic areas in a transparent manner.
This document provides definitions and explanations of key terms and processes related to the Philippine government budget cycle. It discusses the stages of budget preparation, execution, and accountability. It defines acronyms for government agencies and budget-related terms. The stages of budget execution include allotment release, obligation, cash allocation, and disbursement. Budget accountability involves setting targets, citizen engagement, monitoring and evaluation, accountability reports, performance review, and auditing.
Philippine Public Fiscal Administration by Daisy T. Besing (MPA)Daisy Besing
This document discusses fiscal administration, which involves managing financial resources for governments and other public institutions. It outlines key aspects of fiscal administration including systems and processes for budgeting, accounting, auditing, and managing revenue and expenditures. It also provides historical details on the development of fiscal administration in the Philippines, describing the government agencies and processes involved in national and local budgeting and financial management.
Defining a performance management system for internal resource division (ird)Ahasan Uddin Bhuiyan
The concept of performance measurement has not yet been taken it’s root in Bangladesh except performance based reward system in National Board of Revenue (NBR) and the culture of Annual Confidential Report (ACR), but it is necessary to introduce a result based performance management system in every public sector institutions and divisions. Internal Resources Division (IRD) is one of the Divisions under Ministry of Finance, for which I am going to suggest a performance management system through this assignment.
This document summarizes a research seminar on public finance that covered several topics:
1. Budgeting terminologies and concepts such as the budget, balanced budget, deficits, and appropriations.
2. Philippine budgetary laws from 1936 to 2019 that established institutions and reformed the budget system.
3. Budget reforms in the Philippines including the Program Expenditure Classification and the Unified Reporting System to improve performance-informed budgeting.
4. Financial management systems like the Government Integrated Financial Management Information System and Budget and Treasury Management System that aim to integrate processes and increase transparency.
AC321 PNG Government Accounting Test Recording.pptxkapobrenden
Government accounting is a specialized branch of accounting that focuses on the financial management and reporting of government entities. It involves tracking and documenting public funds, ensuring transparency, and adhering to specific accounting standards applicable to the public sector. Government accountants play a crucial role in managing budgets, monitoring expenditures, and producing financial statements for public scrutiny. The complexity arises from the unique nature of government operations, such as multiple funds, regulations, and the need to balance social objectives with fiscal responsibility. The integration of accrual accounting, fund accounting, and compliance requirements distinguishes government accounting from traditional corporate accounting practices.
This document discusses health care financing under the National Health Mission in India. Key points include:
- Increasing government health expenditure as a percentage of GDP from the current 1.15% to 2.5% by 2025.
- Increasing state sector health spending to over 8% of budgets by 2020.
- Year-wise projected health expenditures and breakdown of central and state shares to achieve the 2.5% GDP goal.
- Status of state health budgets, expenditures, and performance on increasing budgets annually.
- National Health Mission flexible pools and budget allocations across programs for 2019-20.
- Financial progress under NHM plans over time and key areas for financial review including funds flow and management.
The document discusses key aspects of the Indian Union Budget process including revenue and capital budgets, taxes, expenditures, and budget deficits. It provides details on the multi-stage budget process including estimates of expenditures and revenues, calculation of deficits, and adjustments to narrow deficits. The stages include ministries providing expenditure estimates, assessments of revenue estimates, matching expenditures with revenues to determine initial deficits, setting borrowing targets, and potential revisions to taxes or expenditures. The document also defines key budgetary terms like fiscal deficit, primary deficit, and how India balances its books through this process.
The document provides an overview of the Treasury Single Account (TSA) system implemented in Nigeria, including:
1) The TSA consolidates all government bank accounts into a centralized account to improve cash management and address issues like lost control over accounts and idle cash.
2) It requires all government revenues be deposited in the TSA to improve transparency and prevent revenue leakage from multiple bank accounts.
3) Advocates say the TSA will increase integrity in public financial management by removing organizational secrecy around finances and ensuring all revenues are deposited in the centralized account.
Key Takeaways:
Impact of Covid-19 and Stimulus Package
Budget Philosophy and Strategy
Sectoral Allocations
Developmental Objectives and Measures
Key Statistics and Comparison with India
The document discusses financial inclusion and literacy in India. It defines financial inclusion as ensuring access to appropriate financial products and services for vulnerable groups. Financial literacy and inclusion are described as twin pillars, with literacy stimulating demand and inclusion supplying services. The Reserve Bank of India's strategies for financial inclusion include refining credit delivery, strengthening credit absorption, leveraging technology, and increasing access points like business correspondents in villages. Financial literacy initiatives involve education programs, outreach events, and collaboration between government, banks, and other organizations.
Public financial management and audit in mozambiqueicgfmconference
The document discusses public financial management in Mozambique. It outlines the key subsystems established by law, including treasury, budget, state patrimony, public accountability, and internal audit. It then focuses on describing the internal audit subsystem, its composition, coordination, obligations of institutions, and achievements and challenges. Some achievements include performance audits, integrated audits, and auditor training. Challenges include a lack of public auditor guidelines, resistance to reforms, insufficient resources and skills, and different development stages across institutions.
This document discusses government accounting and budgeting concepts. It provides an overview of the budget cycle including formulation, approval, implementation, and monitoring of budgets. It recommends the book "Accounting for Governmental & Nonprofit Entities" by Earl R. Wilson, Jacqueline L. Reck, and Susan C. Kattelus for the course. Key aspects of the Bangladeshi budgeting process and legal framework are also outlined.
The document summarizes India's fiscal policy. It discusses the objectives of fiscal policy including resource mobilization, efficient allocation of resources, reducing inequality, and price stability. It outlines the different stances a government can take - neutral, expansionary, or contractionary. It also discusses the instruments of fiscal policy including the budget, expenditures, taxation, and public debt. It provides an overview of the union and state budgets in India.
The document outlines the budgeting process and key terms in Kerala, India. It discusses (1) how the budget is prepared by estimating officers and reviewed by administrative and finance departments, (2) the key parts of the budget including the consolidated fund, contingency fund, and public account, and (3) the classification structure for budget accounts with six tiers from sector to detailed head. The budget is an annual financial statement of estimated receipts and expenditures that is presented to the state legislature.
The document discusses audio-visual (A/V) aids used in classroom instruction. It defines A/V aids as training or educational materials that target both hearing and sight, such as films and recordings. The document then discusses the importance of A/V aids according to a 2011 U.N. declaration, and classifies A/V aids into three types: audio aids, visual aids, and audio-visual aids. Examples are provided for each type. Advantages of A/V aids include enhancing the speaker's perception, helping the audience remember topics, and making topics more interesting. The document concludes with guidance for class teachers and head teachers on effectively selecting and using A/V aids.
This document provides information about budget components, budget preparation and utilization for schools in Punjab, Pakistan. It discusses salary and non-salary budgets, current and development expenditures, sources of funds, budget preparation and approval processes. It outlines the objectives of the Non-Salary Budget scheme, how school budgets are estimated and funds are to be utilized. Guidelines are provided for long-term school planning, budget implementation, accounting, monitoring, and audit. Relevant budget codes are also listed.
The document discusses the Continuous Professional Development (CPD) model implemented in Punjab, Pakistan to improve teacher training. Some key points:
- The previous system lacked linkage between pre-service and in-service teacher training which was uncoordinated and ad-hoc.
- The new CPD model establishes a structured training network from the provincial to cluster level to provide continuous professional support to teachers through activities like mentoring, assessments, and professional development days.
- Teacher performance is monitored and incentives provided based on standards and student learning outcomes. Districts and schools are ranked to encourage accountability.
- Implementation of the CPD model is shown to improve subject mastery and learning outcomes for students based on analysis of
This document discusses the major human body parts and their functions, including the head, chest, arms, stomach, and feet. It also provides tips for maintaining health, such as showering regularly, brushing teeth with toothpaste, trimming nails, washing hands before eating, and not overeating candy.
The ecosystem is the basic functional unit of ecology, consisting of living organisms interacting with each other and their non-living environment. Ecosystems can vary in size from small oases to entire oceans, and include terrestrial ecosystems like forests and grasslands as well as aquatic ecosystems consisting of freshwater or marine environments. Within ecosystems, energy flows through trophic levels as light energy is converted to chemical energy and passed between producers, consumers, and decomposers in food chains and webs.
Classroom rules are designed to make students feel safe while learning, create an effective classroom environment, and improve learning experiences. The rules instruct students to arrive on time, show respect for others, bring necessary materials, be truthful, avoid interrupting others, and work collaboratively with classmates. The document encourages students to have a great school year together by following the rules.
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Assessment and Planning in Educational technology.pptxKavitha Krishnan
In an education system, it is understood that assessment is only for the students, but on the other hand, the Assessment of teachers is also an important aspect of the education system that ensures teachers are providing high-quality instruction to students. The assessment process can be used to provide feedback and support for professional development, to inform decisions about teacher retention or promotion, or to evaluate teacher effectiveness for accountability purposes.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
How to Build a Module in Odoo 17 Using the Scaffold MethodCeline George
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
4. SEQUENCE OF PRESENTATION
4
1) What is Finance and Public Finance
2) Public Finance Management
3) Financial provisions of the Constitution
4) Planning (Budgetary Mechanism)
5) Kinds of Funds
6) Control Mechanism
7) Taxation System
8) Legislative Accountability
5. Public Finance
“Finances” refers to provision of funds
and authority to collect, withdraw and
payment
‘Public Finance’ is a sum of resources
owned by and available to a public
sector Organization / Government for
running its business and providing
valuable goods and services to the
public.
5
6. Public Finance Management
Public Finance Management (PFM)
basically deals with all aspects of
resource mobilization and expenditure
management in government. Just as
managing finances is a critical function
of management in any organization,
similarly public finance management is
an essential part of the governance
process.
6
7. Public Finance Management
Public finance management includes:
Resource Mobilization,
Prioritization of Programmes,
The Budgetary Process,
Efficient Management of
Resources, and
Exercising Controls
7
8. DISTRIBUTION OF RESOURCES
NFC (Award)
PFC (Award)
Budgeting
What do you do in case of your own
Financial Management
Is distribution of your resources are fair at
family level
Example of best Distribution of Wealth
8
9. Constitutional provision of NFC
Article 160
President shall constitute NFC
Minister of Finance of the Federal Government,
the Ministers of Finance of the Provincial
Governments, and
such other persons after consultation with the
Governors of the Provinces
9
10. NFC-duties
the distribution between the Federation and
the Provinces of the net proceeds of the
taxes;
grants-in-aid by the FG and PGs;
The use of borrowing powers
any other matter relating to finance referred
to the Commission by the President.
10
11. NFC- What to distribute
taxes on income, including corporation tax,;
taxes on the sales and purchases of goods
imported, exported, produced,
manufactured or consumed;
export duties on cotton,
such duties
such other taxes as may be specified by the
President.
11
12. NFC – Not less than
Under Article 3A, the share of the Provinces
in each Award of National Finance
Commission shall not be less than the share
given to the Provinces in the previous
Award.
As amended in 2010 in Article 160 (3A).
12
13. Salient Features of 7th NFC Award 2010
Size of Divisible Pool enhanced by Rs. 68
billion
Share of Provinces was approx Rs.39 billion
Collection charges decreased from 5.2% to
1%.
Provincial share increased from 48.75% to
56% in the first year.
The provincial share increased to 57.5% after
the first year.
13
14. NFC Award
Horizontal Distribution
1 Population 82%
2 Poverty 10.30%
3 Revenue 5.00%
4 IPD (Inverse Population Density) 2.70%
Province Wise Weightage
1. Punjab 51.74 %
2. Sindh 24.55 % ,
3. Khayber Pakhtonkhwa 14.62 %
4. Balochistan 9.09 %
14
15. BORROWING
Borrowing by Federal Government. The
executive authority of the Federation may
borrow upon the security of the Federal
Consolidated Fund (Parliament)
Borrowing by Provincial Government. The
executive authority of a Province may
borrow upon the security of the Provincial
Consolidated Fund
15
16. IPD
A situation where an environmental factor
which affects population density inversely
changes when the population density
changes, such that an increase in population
density will cause the population to grow
better, or not to grow .
Generally the environmental factor affects
birth and death rates to cause this to occur.
16
17. 17
To achieve the objectives of the Governments.
To earn revenue for running the affairs of
Government.
To expend money for providing services to tax
payers.
To prepare Accounts
To make Public servants accountable.
NEED FOR PUBLIC FINANCIE
Introduction to Financial Management
18. 18
Financial Management in Pakistan
An Overview of Stakeholders
Parliaments
MOF / FDs
CBR
AGPR/CGA / AG/DAO
AGP
EAD
Defence Federal and
Provincial Govts
SBP/NBP
Revenue Deptts.
Line
Ministries
DDO Railways
Planning Div &
Departments
Self Accounting
Entities
Distt.Govts
Introduction to Financial Management
21. What is Budget?
Financial statement containing the
estimated receipts into, and the estimated
expenditure from, the Provincial
Consolidated Fund (PCF) for that year,
required to be laid before the Provincial
Assembly, before the commencement of
that year, in terms of the Article 120 (1) of
the Constitution, is known as Budget
[Annual Budget Statement (ABS)]
21
22. 22
What budget tells?
What your department can or cannot do?
What support your office will need to meet
the goals?
What steps you need to follow to achieve
those goals ?
To whom you need to communicate?
In what areas you need to do more
deliberations?
23. 23
Why Budget?
A budget is a plan for future activities. It
shows what resources are needed and how
they will be used.
Budgeting is a useful tool for:
Planning- efficient uses of resources, time and effort
Strategy- to reach that goal
Coordination- team must work together
Communication- organize their thoughts, actions
and responsibilities
Feedback- weakness – re-approriate or revise
24. 24
BUDGETARY PROCESS - SEVEN PHASES
6. Management and monitoring of the Annual Budget
7. Review of the Annual Budget
1. Priority formulation / Budget Preparation
2. Consideration of Budget by Provincial Assembly
3. Authorization of expenditure by Chief Minister
4. Distribution of grants by Finance Department
5. Communication of allocated funds Administrative Deptt.
7. Review of the Annual Budget
25. The New Chart of Accounts (CoA) meets all
financial requirements and having
following elements:-
1. Entity
2. Function
3. Object
4. Fund
5. Project
NEW CHART OF ACCOUNTS
25
26. NEW CHART
OF ACCOUNTS
ENTITY OBJECT FUND PROJECT
FUNCTION
GOVERNMENT
MINISTRY
DIVISION
DEPARTMENT
ATTACHED
DEPARTMENT
DISTRICT
DDO
MAJOR
MINOR
DETAIL
SOURCE
SUB FUND
MAJOR
MINOR
DETAIL
PROJECT
NUMBER
27. ENTITY ELEMENT - EXAMPLE
• Entity Provincial Government P
• Department Finance Department 60
• Attached Department Provincial Director LFA 5251
• District Lahore LE
• DDO Director LFA 4003
Account Code: P 60 5251 LE 4003
27
28. FUNCTION ELEMENT - EXAMPLE
An example of the Function Element in terms of
the actual code is shown as under;
Major Function 01 General Public Services
Minor Function 011 Financial & Fiscal Affairs
Detail Function 0112 Financial & Fiscal Affairs
Sub Detail Function 011204 Administration of
Financial Affairs
28
29. OBJECT ELEMENT-- E XAMPLE
Accounting Element A – Expenditure
Major Object A01-Employee related expenses
Minor Object A011 -Pay
Detailed Object A01101- Basic Pay of Officers
29
30. CHART OF ACCOUNTS-FUND ELEMENT
FUND
Consolidated FCF/PCF
Public Account (PA)
SOURCE
Capital -1
Revenue -2
SUB-FUND
voted or charged
Current or Development or Capital in nature
30
31. CHART OF ACCOUNTS PROVINCIAL FUND ELEMENT
Fund C -Consolidated Fund
Source 2 –Revenue, 1-Capital
Sub Fund 1 -Voted current expenditure
Grant Number O18 -Agriculture
Fund No. PC 21018- Agriculture.
31
33. Annual Budget Statement
The PG shall, in respect of every financial
year, cause to be laid before the Provincial
Assembly a statement of the estimated
receipts and expenditure (ABS)
(2) The ABS shall show separately :-
charged expenditure upon the PCF; and
expenditure proposed to be made from the Provincial
Consolidated Fund;
33
35. 35
Type of Funds
Government Fund
Federal Consolidated Fund (FCF)
Provincial Consolidated Fund (PCF)
District Government Fund (DGF)
Tehsil Local Fund
Town Local Fund
Union Local Fund
School Council Fund
FTF
Local Fund (LF)- University Fund
Public Account- Refundable Security A/c
36. IMPORTANT DIMENSIONS OF DDO
1) Duties & Role of DDOs in Financial
Matters
Budget– Preparation, Frame Work & Control
Procurements
General Principles and Restrictions relating to
expenditure
According/Obtaining Sanctions
Payment Vouchers / Documentation
Deductions on Payments
36
37. Cont… Major Areas:-
Cash matters
Maintenance of Accounts- Cash Book
Reconciliation of Payments & Receipts –
Verification exercise
Stores account and fixed assets matters
2) DDOs under accountability regime:-
Control Framework for Prevention of frauds,
losses, miscellaneous irregularities bogus
payments
Fraud and culpable negligence proceed able
under Cr.Pc & PEEDA Act simultaneously
Accountability through Audit
Cont…
37
38. Cont… Major Areas:-
3) Service and Administrative Matters
Attendance, joining, charge, leave, ACR
Correspondence and smooth working
Promotions, taking over the charge
4) Social Dimension of DDOs
Role & Responsibility towards the public at large /
community under its jurisdiction
38
40. WHAT, WHEN, HOW, WHOM
What to Procure (Budget/Grant/PC-1)
Purchase of Goods
Hiring of Services
Execution of Works
When to Procure (Planning)
How to Procure (Method & Procedure)
From whom to Procure
(Manufacturer/whole Seller/retailer/
importer (Private Sector or public sector)
40
41. 41
Cont… Terminology
“value for money” means best returns for each
rupee spent in terms of:
quality,
timeliness,
reliability,
after sales service,
up-grade ability,
price,
source,
the combination of whole-life cost and
quality to meet the procuring agency’s
requirements.
42.
43. ANNUAL PROCUREMENT PLANNING
(Under Rule Punjab Procurement Rules 2014)
Name of the Procuring Agency:
43
Sr. No. NAME OF THE
PROCUREMENT
Estimated Cost PROCUREM
ENT
METHOD &
Procedure
Tentative
date of
Procuremen
t notice/RFQ
Tentative
date for
Award of
Contract
Tentative
date of
Completion
Remarks (If
any)
1 Stationary 150000/- Competitive
One stage
one
envelope
20-7-2014 (15+10=25
days)
13-08-2014
Delivery
time
31-08-2014
2 Stationary 150000/- Competitive
One stage
one
envelope
22-10-2014 (15+10=25
days)
15-11-2014
Delivery
time
30-11-2014
44. It is the ‘Record’
Which is against
or for you.
Definition of Audit
Critical and objective
appreciation of accounts and
services and reporting thereof
44
45. STATUTORY AUTHORITY
The Auditor General shall conduct the
audit of the Accounts of the Provincial
Government Departments in accordance
with the Auditor General Ordinance,
2001 read with Article 169 (a) of the
constitution.
45
47. Proper Maintenance of Record / Accounts
It must exhibit the true picture
It must be recorded regularly and promptly
It must be authenticated
It must be cross referred.
It must be legible and without cutting
It must be under safe custody & charge
It must be reconciled
It must be produced to audit
47
48. Income Protocols
Recover in time as per schedule
Full Recovery (No installments)
Deposit in to the proper head of revenues on
the same day or the next
Promptly record entry to that effect in the
books of accounts
Keep the credit slip in tact in files
Get the record authenticated
Reconcile the Income periodically
48
49. Expenditure Protocols
Rates
Budget Provision
Sanction of the Competent Authority
Documentation (stock entry and taxation)
49
50. How to verify the validity
Validity of the Company
Validity of Person
Validity of Specification
Validity of Rates – (Reasonable Price)
Price Mechanism
Level of Supply Chain Command
Manufacture-Distributor-whole seller-retailer-
consumer
Validity of Documents
50
52. Pillars of Accountability
Political Will- Assembly Questions
Parliament- Standing Committee
Administrative Inspections
The Judiciary
The Media
Public Awareness
Audit Agencies and DAC, SDAC and PAC
Anti-Corruption
NAB
Transparency International Organization
Peerness 52
55. Payment Chart (Registered)
Total Amount of the Voucher Rs. 1000/-
inclusive of GST. Prepare the payment Chart:
Payable to Supplier =
Payable to Sales Tax Deptt. =
Payable to Income Tax Deptt.=
Total = 1000/-
55
56. Payment Chart (Un-registered)
Total Amount of the Voucher Rs. 1000/-
inclusive of GST. Prepare Payment Chart:
Payable to Supplier =
Payable to Sales Tax Deptt. =
Payable to Income Tax Deptt.=
Total = 1000/-
56
57. GENERAL SALES TAX
@17% of all the items are Sales Taxed
except for example… mentioned in sixth
schedule to the Sales Tax Act, 1990.
@19% from the non-registered supplier
@Zero rated sale taxed items. (Sec. 4 of STO,1990)
Deduction of 1/5th of Sales Tax at source
1/10th from Distributors and Whole sellers
Deduction at Full Rates i.e. @ 17% from
non-registered by Withholding Agent
(Govt. Dept., Autonomous Body, public
sector Org. ) otherwise 19%
Specified Goods are only taxed at
Manufacturer level Special Rules / (withholding) Rules, 2007)
57
58. 58
DEDUCTIONS ON PAYMENTS
Deductions at approved rates on payments:-
Professional Tax
Contractors:
Less than 1 million
Less than 10 employees Rs. 1000/-
More than 10 employees Rs. 2000/-
Exceeding 1 million Rs. 3000/-
10 million to 50 million Rs. 5000/-
Exceeding 50 million Rs. 10000/-
Engineer consultants Rs. 3000/-
Rs. 200/- per year for civil servant whose income is
taxable
(See Finance Act, 2000 for companies and firms and
Individuals)
Token Tax on Vehicles before 31st July
59. 59
Federal levies
Income Tax :
In case of salaried as per slabs
On supplies @ 4% (6% non-filer)for Company &
@ 4.5% (6.5% non-filer) (for others) exceeding
Rs. 25000/- in a financial year.
For services @ 8% filer (12% non-filer) for
Company &
@10% filer (15% non-filer) for others exceeding
Rs. 10000/- with in a financial year.
For Contracts @ 7%% for Company &
@7.5% for others 10% in case of non-filer
(Sec.153 ITO, 2001 as amended)
60. Sales Tax on Services (Punjab) 2012
Services provided by: @ 16% …
hotels, clubs and caterers
Contractors
Advertisement of TV, cables and Net
Consultants
Security providing agencies
Stock Brokers
Shipping agents etc
60
61. Sales Tax on Services Chart (FD letter dated 08-10-2013) After
this date full deduction of STS
Withholding Agent
(Service recipient)
Service Provider Status of Service
Provider
Withholding of
Tax
Fed, Provincial
Govt. LG, ABs Org.
Registered with PRA Company Exempted (except
advertising services)
Registered with PRA Firm, AOP,
Individual
16% withhold
Non-Registered with
PRA
All 16% withhold
Telecom, banking,
courier, Insurance
All Exempted
LTU Registered with PRA
other than LTU
Firm, AOP,
Individual
16% withhold
Company Exempted
Non-Registered with
PRA
All 16% withhold
Recipient of Ad
service who are Reg.
All persons All persons 16% withhold
61
62. Stamp duties
Stamp Duty
0.25% of the Contractual amount of the procurement
Works upto 50000/- Rs. 200/-
Rs. 50000/- to 5,00000/- Rs. 500/-
Rs. 500000/- 15,00000/- Rs. 1000/-
Rs. 1500000/- 25,00000/- Rs. 1500/-
Rs. 2500000/- and above Rs. 2000/-
Revenue Stamps on payments:
Rs. 20 to Rs. 2000/- Rs. 1
Rs. 2001 to 10000/- Rs. 2
Over 10001/- Rs. 5
62
64. Proper Maintenance of Record / Accounts
It must exhibit the true picture
It must be recorded regularly and promptly
It must be authenticated
It must be cross referred.
It must be legible and without cutting etc.
It must be in safe custody
Its placement
It must be reconciled
It must be produced to audited
64
65. Expenditure Protocols
Rates
Budget Provision
Sanction of the Competent Authority
Documentation (stock entry and taxation)
65
66. Documentation
Demand/Requisition/Indent
Permission of the Competent Authority to proceed
Administrative Approval & Technical sanction
Quotation Notice/Tender Notice
Advertisement/PPRA’s (Punjab) & Entity’s website
Pre-Qualification of Suppliers/Contractors-amended
Issue of Tender Documents
Terms & Conditions/Instructions
Specifications/BOQ
Cost of Tenders (Bank Challan)
Submission & Safe Custody of Quotations/Tenders in
the Tender Box
66
67. Cont… Documentation
Meeting of the Purchase Committee
Attendance of Participants/Bidders
Opening of Quotations/Tenders
Evaluation of Tenders/Quotations
Technical Proposal/Financial Bid
Terminologies of C&F/FOR
Conversion of Rates in One Currency
Arithmetic Verification
CDR/Earnest Money on %age rate (Not Fixed)
Preparation of Comparative Statement in the
same ceremony & Recommendation of the
Purchase Committee
Execution of Contract
67
68. Cont… Documentation
Supply/Work Order/Letter of Award of Contract
Delivery Challan
Inspection Report by the Inspection Committee
Commercial/Sales Invoice/Sales Tax Invoice /
Bill/ Cash Memo /Receipt
Bill of Entry/ Lading
Warranty/ Guaranty
Accessories & Tools
Seal Pack/Packing
Instructions Books/Manuals/Training Material/
Packing List
Installation Instructions/Safety Manuals/SOPs
Budget Provision/Commitment Accounting
Stock Register
68
69. Cont… Documentation
Sanction to Incur Expenditure
Revenue Stamps
Contingent Bill Passed for Payment
Pre-Audit of Payment/ Payment Break-up
Issuance of Cheque
Verification of Actual Payee
Actual Payee Receipt (APR)
Security Deduction Certificates
Tax Deduction Certificates
Refund of Security on the basis of Certificates of
successful completion
69
70. Cont… Documentation
Permanent Advance/Impressed and
Recoupment thereof
Temporary Advance and its adjustment
Procurement through Letter of Credit (LC)
Purchase of Books
Repairs
Auctions
70