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GOVERNMENT ACCOUNTING SERVICES

STRATEGIES

  • Implement Accounting Manual, Treasury Instructions and PFMA 2001
  • Maintenance of Financial System
  • Review and improve efficiency and effectiveness of transaction processing
  • Strengthen internal control processes

 

PERFORMANCE INDICATORS

  • New Treasury Instructions
  • Review of Operating manuals completed
  • Continuous improvement of accounting services reporting
  • Transactions are accurately procesed and achieved or exceeded performance targets
  • Internal control system detect and resolve errors within established timeframe
   

GOVERNMENT FINANCIAL REPORTING (PUBLIC ACCOUNTS)

STRATEGIES

  • Prepare the Public Accounts
  • Prepare and publish Quarterly Accounts (Revenues and Expenditures)
  • Administration of the Financial System

 

PERFORMANCE INDICATORS

  • Submitted to the Controller and Chief Auditor
  • Tabled in Parliament
  • Compliance with PFMA 2001 and Generally Accepted Accounting Principles (GAAP)
  • Quarterly Accounts published
  • Continuous improvement of reporting to stakeholders
   

CASHFLOW AND INVESTMENT MANAGEMENT

STRATEGIES

  • Improve short and medium term forecast of cash flow information

 

PERFORMANCE INDICATORS

  • Goverment funds are sustained at 5% to meet government commitments daily
  • Excess funds are invested to earn a return on investment of no less than 7%
   

ASSETS AND LIABILITY MANAGEMENT

STRATEGIES

  • Reporting of Asset and Liabilities across whole of Government

 

PERFORMANCE INDICATORS

  • Full Asset and Liabilities recognition and disclosure
   

 

 
Created on : 21/09/2010  
Copyright 2010 by Ministry Of Finance
Last Updated : 17/05/2012