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picture1_Management Information System Ppt 71982 | Act4pfmstreasuryeng


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File: Management Information System Ppt 71982 | Act4pfmstreasuryeng
definitions public financial management system pfms is designed to support all financial operations collect accurate timely complete reliable and consistent information on all public financial events provide adequate management reporting ...

icon picture PPT Filetype Power Point PPT | Posted on 31 Aug 2022 | 3 years ago
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                              Definitions
    Public Financial Management System (PFMS)                            
    is designed to
       support all financial operations,
       collect accurate, timely, complete, reliable and consistent 
         information on all public financial events,
       provide adequate management reporting,
       support government-wide and agency policy decisions,
       produce auditable financial statements.
     June 2006                     PFMS                             2
              Public Financial Management Cycle
            Policy                   Budget 
       Development and             Preparation                       Budget 
        0   Review                                                 Execution
                                        1
                8   Audit and                       Mgmt of    2
                    Evaluation                       Budget 
                                                  Authorization
                                                       s
          7    Budget                                   Commitment  3
               Review &                                   of Funds
              Fiscal Rep.
        F M I S                                                Procurement/
         Web                                                    Purchasing
       Publishing
                6 Debt and Aid                      Payments   4
                   Management                     and Receipts 
                                                     Mgmt Asset / 
                                        5                  Inventory 
                                                            Mgmt
                                      Cash                      Payroll Calcs
                                   Management                     HR Mgmt
     June 2006                         PFMS                                3
                               Components
       Core Treasury System includes the following components:
    2   Budget Execution and Monitoring
    4   Accounting (general ledger, management of payments and receipts)
    5   Cash Management
    7   Financial Reporting
    8   Purchasing / Commitment
    4   Asset / Inventory Management
        Operational support for Spending Units
       Other Public Financial Management System components:
    1   Macro Economic Forecasting
    1   Budget Preparation and Approval
    6   Debt and Aid Management
    4   HR Management /Payroll Calculations
    8   Support for Financial Control and Auditing
    7   Web publishing
    7   Financial Management Information System
     The combination of above components is referred to as integrated PFMS
     June 2006                         PFMS                                4
                Evolution of Treasury Systems
        Treasury development process:
             (Treasury Reference Model)
        1. Establishment of legal and institutional frameworks
        2. Definition of coverage
        3. Definition of system functionality
        4. Design and implementation of Information Systems
     June 2006                     PFMS                             5
                  Evolution of Treasury Systems
     1.  Establishment of legal and institutional frameworks
          Legal : Approval and implementation of the organic budget law
          Organization : Establishment of a countrywide MoF / Treasury 
             organization
          Personnel : Allocation of adequate qualified staff for MoF / 
             Treasury management and operations
     June 2006                         PFMS                                6
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...Definitions public financial management system pfms is designed to support all operations collect accurate timely complete reliable and consistent information on events provide adequate reporting government wide agency policy decisions produce auditable statements june cycle budget development preparation review execution audit mgmt of evaluation authorization s commitment funds fiscal rep f m i procurement web purchasing publishing debt aid payments receipts asset inventory cash payroll calcs hr components core treasury includes the following monitoring accounting general ledger operational for spending units other macro economic forecasting approval calculations control auditing combination above referred as integrated evolution systems process reference model establishment legal institutional frameworks definition coverage functionality design implementation organic law organization a countrywide mof personnel allocation qualified staff...

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