New Accounting Model:
Salient Features of NAM:
Accounting:
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Modified Cash Basis of Accounting. |
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Double Entry Book Keeping. |
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Commitment Accounting. |
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Fixed Assets Accounting. |
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Assets Register. |
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New Chart of Accounts. |
Reporting:
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Timely, Accurate, Relevant and Reliable Financial Reports. |
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Consolidated monthly and quarterly accounts. |
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Monthly and Fortnightly Cash Forecasting Reports. |
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Trend Analysis Reports. |
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Appropriation Accounts. |
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Annual Finance Account. |
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Combined Finance and Rev. Account. |
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Investment Reports. |
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Public Debt Profile. |
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Report on Public Account. |
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Report on Net Proceeds of Divisible Pool. |
Budget Monitoring:
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Development Expenditure. |
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Capital/Revenue Receipt. |
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Tax/Non Tax Receipts. |
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External/Domestic Borrowings. |
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Program/Project Monitoring. |
Manuals and Codes: