文档介绍：D
FINANCIAL MANAGEMENT
This section outlines the main features of financial management.
D1 Features of Financial Management
D2 Delegated Administrative Budgets
D3 Capital Project Appraisal
D4 Asset Management and Asset Registers
D5 Cash Management
D6 Internal Audit
D7 Monitoring of Bodies under aegis of Departments
DDD1 Appendices
PFP 7/96
D1
FEATURES OF FINANCIAL MANAGEMENT
(1) Introduction
(4) Strategic Management Initiative (SMI)
(5) Main features of Financial Management
(8) Planning and Budgeting
(10) Output and Performance Measures
(12) In-depth Evaluation
PFP 7/96
D1 — Features of Financial Management
Introduction
1. The vote accounting system is a cash receipts and payments sys-
tem. It is operated by Departments to provide for parliamentary
control over public expenditure by ensuring that public moneys
are spent legally and properly in accordance with parliamentary
grants. By and large the system remains a relatively simple and
effective means of achieving this primary aim. However, given
the growth plexity of the public sector, the system is
not geared adequately to meet the needs of modern financial
management with its emphasis on relevant and timely infor-
mation, better accountability and improved value for money in
the use of resources.
2. A number of changes have been made to the system, following
the mendations of the Report of the Department of
ptroller and Auditor General Joint Working Group
on the Appropriation Accounts and related matters (Section
D4), to improve management information and control.
3. The importance of public sector activities, and the absence of a
bottom line of profit and loss, underline the need for good public
sector financial management. Civil servants at all levels have to
ensure that their use of the public resources entrusted to them
is marked not only by ensuring legality and propriety, but also
by economical, efficient and effective use of these resources.