GIFMIS – NBC Institute

PSAF – Nov 2020 – L2 – Q6a – Public Sector Reforms

Identify five objectives each of GIFMIS and IPPIS under Nigeria's Public Financial Management reforms.

Question

In July 2003, the Federal Government commenced the implementation of deliberate policies, programmes, and projects aimed at strengthening the economy, governance, and fighting corruption. This led to the first Economic Reform and Governance Project (ERGP) initiative, approved in December 2004, in line with FGN’s goal to strengthen governance, accountability, reduce corruption, and deliver services more effectively. This brought about reforms in the public sector of the economy. The Government Integrated Financial Management Information System (GIFMIS) and Integrated Personnel and Payroll Information System (IPPIS) are parts of the Public Financial Management (PFM) reforms approved in 2004.

Required:
Identify five objectives each of Government Integrated Financial Management Information System (GIFMIS) and Integrated Personnel and Payroll Information System (IPPIS). (10 Marks)

Answer

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Tags: GIFMIS, Government Systems, IPPIS, Payroll Management, Public Financial Management, Reforms
Level: Level 2

Topic: Public Sector Reforms
Series: NOV 2020

PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives

Explain the challenges that the Ghana Integrated Financial Management Information System (GIFMIS) promises to address in public financial management.

Question

The Ghana Integrated Financial Management Information System (GIFMIS) was launched to eradicate or reduce the endemic challenges in the public financial management system. Many experts hailed it as the panacea for the developmental challenges of Ghana.

Required:
In reference to the above, explain FIVE (5) challenges that the GIFMIS promises to address in public financial management in Ghana.

Answer

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Tags: Budgeting, Financial Reporting, GIFMIS, Public Financial Management, Revenue management
Level: Level 2

Topic: Public sector financing initiatives
Series: JULY 2023

PSAF – Nov 2020 – L2 – Q5a – Public sector fiscal planning and budgeting

Explain five segments of the Ghana Integrated Financial Management Information System (GIFMIS) Chart of Accounts.

Question

Explain FIVE (5) segments of the Ghana Integrated Financial Management Information System (GIFMIS) Chart of Accounts. (5 marks)

Answer

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Tags: Chart of Accounts, GIFMIS, Public Sector Accounting
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: NOV 2020

PSAF – Nov 2021 – L2 – Q5a – Public sector financing initiatives

Explain Treasury Single Account (TSA) and discuss its benefits, and explain how GIFMIS supports cash management and budgeting.

Question

Under the Public Financial Management Act 2016, (Act 921), Treasury Single Account (TSA) system is recommended for managing cash resources of the government. The implementation of the treasury single account system is reflected in the Ghana Integrated Financial Management Information Systems (GIFMIS).

Required:

i) Explain Treasury Single Account and discuss FOUR (4) benefits associated with such a system in Ghana.
(6 marks)

ii) Explain how the use of GIFMIS has supported the following public financial management functions:

Cash management.
Budgeting and budgetary execution.
(4 marks)

Answer

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Tags: Cash Management, GIFMIS, Public Financial Management, Treasury Single Account
Level: Level 2

Topic: Public sector financing initiatives
Series: NOV 2021

PSAF – May 2020 – L1 – Q5a -The context of public financial management

Explain the responsibilities of the Controller and Accountant General and the objectives for adopting GIFMIS.

Question

The Controller and Accountant General, who is appointed by the President in accordance with Article 195 of the constitution and recognized as the Chief Advisor to the Minister of Finance and government in matters relating to accountancy, has urged all Metropolitan, Municipal, and District Assemblies (MMDAs) to strictly comply with a directive to use the Ghana Integrated Financial Management Information Systems (GIFMIS) platform for all government businesses. In effect, the budgeted funds for these MMDAs would be blocked or not released to any State Agency that refuses to enroll and go live on the GIFMIS Platform.

Required:
i) Explain FIVE (5) other responsibilities of the Controller and Accountant General in accordance with section 8(4) of the Public Financial Management Act, 2016 (PFMA) Act 921.
(5 marks)

ii) Identify FIVE (5) objectives for the adoption of GIFMIS.
(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Controller and Accountant General, GIFMIS, Public Financial Management, Public Sector Accounting
Level: Level 2

Topic: The context of public financial management
Series: MAY 2020

PSAF – May 2019 – L2 – Q2b -Public sector fiscal planning and budgeting

Outline the procedures for payment of works procured by an MDA.

Question

b) Funds are released from the consolidated fund to the Ministries, Departments, and Agencies (MDAs) for use only when an appropriation bill has been passed into an appropriation act. However, when the Appropriation Act is issued, there are certain procedures usually followed in making payments for Capital Expenditure.

Required:
Outline the procedures for payment of works procured by an MDA.
(4 marks)

Answer

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Tags: Capital Expenditure, GIFMIS, MDAs, Payment Procedures
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: MAY 2019

PSAF – May 2019 – L2 – Q1c – Public expenditure and financial accountability framework

Explain key PFM challenges that GIFMIS seeks to address in Ghana.

Question

There were several challenges in Public Financial Management in Ghana. As a result, the Ghana Integrated Financial Management Information System (GIFMIS), touted as a flagship system for improved Public Financial Management (PFM) in Ghana, was introduced.

Required:
Explain FIVE (5) key PFM challenges the GIFMIS seeks to address.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Challenges, GIFMIS, Public Financial Management
Level: Level 2

Topic: Public expenditure and financial accountability framework
Series: MAY 2019

PSAF – Nov 2020 – L2 – Q6a – Public Sector Reforms

Identify five objectives each of GIFMIS and IPPIS under Nigeria's Public Financial Management reforms.

Question

Required:
Identify five objectives each of Government Integrated Financial Management Information System (GIFMIS) and Integrated Personnel and Payroll Information System (IPPIS). (10 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: GIFMIS, Government Systems, IPPIS, Payroll Management, Public Financial Management, Reforms
Level: Level 2

Topic: Public Sector Reforms
Series: NOV 2020

PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives

Explain the challenges that the Ghana Integrated Financial Management Information System (GIFMIS) promises to address in public financial management.

Question

Required:
In reference to the above, explain FIVE (5) challenges that the GIFMIS promises to address in public financial management in Ghana.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budgeting, Financial Reporting, GIFMIS, Public Financial Management, Revenue management
Level: Level 2

Topic: Public sector financing initiatives
Series: JULY 2023

PSAF – Nov 2020 – L2 – Q5a – Public sector fiscal planning and budgeting

Explain five segments of the Ghana Integrated Financial Management Information System (GIFMIS) Chart of Accounts.

Question

Explain FIVE (5) segments of the Ghana Integrated Financial Management Information System (GIFMIS) Chart of Accounts. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Chart of Accounts, GIFMIS, Public Sector Accounting
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: NOV 2020

PSAF – Nov 2021 – L2 – Q5a – Public sector financing initiatives

Explain Treasury Single Account (TSA) and discuss its benefits, and explain how GIFMIS supports cash management and budgeting.

Question

Required:

i) Explain Treasury Single Account and discuss FOUR (4) benefits associated with such a system in Ghana.
(6 marks)

ii) Explain how the use of GIFMIS has supported the following public financial management functions:

Cash management.
Budgeting and budgetary execution.
(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cash Management, GIFMIS, Public Financial Management, Treasury Single Account
Level: Level 2

Topic: Public sector financing initiatives
Series: NOV 2021

PSAF – May 2020 – L1 – Q5a -The context of public financial management

Explain the responsibilities of the Controller and Accountant General and the objectives for adopting GIFMIS.

Question

Required:
i) Explain FIVE (5) other responsibilities of the Controller and Accountant General in accordance with section 8(4) of the Public Financial Management Act, 2016 (PFMA) Act 921.
(5 marks)

ii) Identify FIVE (5) objectives for the adoption of GIFMIS.
(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Controller and Accountant General, GIFMIS, Public Financial Management, Public Sector Accounting
Level: Level 2

Topic: The context of public financial management
Series: MAY 2020

PSAF – May 2019 – L2 – Q2b -Public sector fiscal planning and budgeting

Outline the procedures for payment of works procured by an MDA.

Question

Required:
Outline the procedures for payment of works procured by an MDA.
(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Capital Expenditure, GIFMIS, MDAs, Payment Procedures
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: MAY 2019

PSAF – May 2019 – L2 – Q1c – Public expenditure and financial accountability framework

Explain key PFM challenges that GIFMIS seeks to address in Ghana.

Question

Required:
Explain FIVE (5) key PFM challenges the GIFMIS seeks to address.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Challenges, GIFMIS, Public Financial Management
Level: Level 2

Topic: Public expenditure and financial accountability framework
Series: MAY 2019

Question Tag: GIFMIS

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PSAF – Nov 2020 – L2 – Q6a – Public Sector Reforms

Identify five objectives each of GIFMIS and IPPIS under Nigeria's Public Financial Management reforms.

PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives

Explain the challenges that the Ghana Integrated Financial Management Information System (GIFMIS) promises to address in public financial management.

PSAF – Nov 2020 – L2 – Q5a – Public sector fiscal planning and budgeting

Explain five segments of the Ghana Integrated Financial Management Information System (GIFMIS) Chart of Accounts.

PSAF – Nov 2021 – L2 – Q5a – Public sector financing initiatives

Explain Treasury Single Account (TSA) and discuss its benefits, and explain how GIFMIS supports cash management and budgeting.

PSAF – May 2020 – L1 – Q5a -The context of public financial management

Explain the responsibilities of the Controller and Accountant General and the objectives for adopting GIFMIS.

PSAF – May 2019 – L2 – Q2b -Public sector fiscal planning and budgeting

Outline the procedures for payment of works procured by an MDA.

PSAF – May 2019 – L2 – Q1c – Public expenditure and financial accountability framework

Explain key PFM challenges that GIFMIS seeks to address in Ghana.

PSAF – Nov 2020 – L2 – Q6a – Public Sector Reforms

Identify five objectives each of GIFMIS and IPPIS under Nigeria's Public Financial Management reforms.

PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives

Explain the challenges that the Ghana Integrated Financial Management Information System (GIFMIS) promises to address in public financial management.

PSAF – Nov 2020 – L2 – Q5a – Public sector fiscal planning and budgeting

Explain five segments of the Ghana Integrated Financial Management Information System (GIFMIS) Chart of Accounts.

PSAF – Nov 2021 – L2 – Q5a – Public sector financing initiatives

Explain Treasury Single Account (TSA) and discuss its benefits, and explain how GIFMIS supports cash management and budgeting.

PSAF – May 2020 – L1 – Q5a -The context of public financial management

Explain the responsibilities of the Controller and Accountant General and the objectives for adopting GIFMIS.

PSAF – May 2019 – L2 – Q2b -Public sector fiscal planning and budgeting

Outline the procedures for payment of works procured by an MDA.

PSAF – May 2019 – L2 – Q1c – Public expenditure and financial accountability framework

Explain key PFM challenges that GIFMIS seeks to address in Ghana.

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Question Tag: GIFMIS

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PSAF – Nov 2020 – L2 – Q6a – Public Sector Reforms

Identify five objectives each of GIFMIS and IPPIS under Nigeria's Public Financial Management reforms.

You're reporting an error for "PSAF – Nov 2020 – L2 – Q6a – Public Sector Reforms"

PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives

Explain the challenges that the Ghana Integrated Financial Management Information System (GIFMIS) promises to address in public financial management.

You're reporting an error for "PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives"

PSAF – Nov 2020 – L2 – Q5a – Public sector fiscal planning and budgeting

Explain five segments of the Ghana Integrated Financial Management Information System (GIFMIS) Chart of Accounts.

You're reporting an error for "PSAF – Nov 2020 – L2 – Q5a – Public sector fiscal planning and budgeting"

PSAF – Nov 2021 – L2 – Q5a – Public sector financing initiatives

Explain Treasury Single Account (TSA) and discuss its benefits, and explain how GIFMIS supports cash management and budgeting.

You're reporting an error for "PSAF – Nov 2021 – L2 – Q5a – Public sector financing initiatives"

PSAF – May 2020 – L1 – Q5a -The context of public financial management

Explain the responsibilities of the Controller and Accountant General and the objectives for adopting GIFMIS.

You're reporting an error for "PSAF – May 2020 – L1 – Q5a -The context of public financial management"

PSAF – May 2019 – L2 – Q2b -Public sector fiscal planning and budgeting

Outline the procedures for payment of works procured by an MDA.

You're reporting an error for "PSAF – May 2019 – L2 – Q2b -Public sector fiscal planning and budgeting"

PSAF – May 2019 – L2 – Q1c – Public expenditure and financial accountability framework

Explain key PFM challenges that GIFMIS seeks to address in Ghana.

You're reporting an error for "PSAF – May 2019 – L2 – Q1c – Public expenditure and financial accountability framework"

PSAF – Nov 2020 – L2 – Q6a – Public Sector Reforms

Identify five objectives each of GIFMIS and IPPIS under Nigeria's Public Financial Management reforms.

You're reporting an error for "PSAF – Nov 2020 – L2 – Q6a – Public Sector Reforms"

PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives

Explain the challenges that the Ghana Integrated Financial Management Information System (GIFMIS) promises to address in public financial management.

You're reporting an error for "PSAF – July 2023 – L2 – Q5b – Public sector financing initiatives"

PSAF – Nov 2020 – L2 – Q5a – Public sector fiscal planning and budgeting

Explain five segments of the Ghana Integrated Financial Management Information System (GIFMIS) Chart of Accounts.

You're reporting an error for "PSAF – Nov 2020 – L2 – Q5a – Public sector fiscal planning and budgeting"

PSAF – Nov 2021 – L2 – Q5a – Public sector financing initiatives

Explain Treasury Single Account (TSA) and discuss its benefits, and explain how GIFMIS supports cash management and budgeting.

You're reporting an error for "PSAF – Nov 2021 – L2 – Q5a – Public sector financing initiatives"

PSAF – May 2020 – L1 – Q5a -The context of public financial management

Explain the responsibilities of the Controller and Accountant General and the objectives for adopting GIFMIS.

You're reporting an error for "PSAF – May 2020 – L1 – Q5a -The context of public financial management"

PSAF – May 2019 – L2 – Q2b -Public sector fiscal planning and budgeting

Outline the procedures for payment of works procured by an MDA.

You're reporting an error for "PSAF – May 2019 – L2 – Q2b -Public sector fiscal planning and budgeting"

PSAF – May 2019 – L2 – Q1c – Public expenditure and financial accountability framework

Explain key PFM challenges that GIFMIS seeks to address in Ghana.

You're reporting an error for "PSAF – May 2019 – L2 – Q1c – Public expenditure and financial accountability framework"

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