MDAs – NBC Institute

PSAF – May 2017 – L2 – SB – Q4 – Treasury Management in the Public Sector

Identify benefits, challenges, and roles under the TSA scheme for MDAs and State Accountant-Generals.

Question

Treasury Single Account (TSA) is one of the financial policies being implemented by the Federal Government of Nigeria to consolidate all inflows from all Ministries, Departments, and Agencies (MDAs) by way of deposit into Commercial Banks, traceable into a single account at the Central Bank of Nigeria.

You are required to identify:

a. FIVE benefits associated with the financial policy. (5 Marks)

b. FIVE challenges inherent in operating the financial policy. (5 Marks)

c. FIVE roles and responsibilities of Ministries, Departments, and Agencies (MDAs) under the TSA scheme in Nigeria. (5 Marks)

d. FIVE roles and responsibilities of State Accountant-Generals under the TSA scheme in Nigeria (5 Marks)

Answer

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Tags: Central Bank, Financial Consolidation, Financial Policy Challenges, MDAs, Treasury Single Account
Level: Level 2

Topic: Treasury Management in the Public Sector
Series: MAY 2017

AA – Mar 2023 – L2 – Q4b – Internal Audit and Its Relationship with External Audit

Explain the functions of the Internal Audit Agency (IAA) and how it facilitates the work of internal auditors in MDAs and MMDAs.

Question

The Internal Audit Agency (IAA) of Ghana was established by the Internal Audit Agency Act 2003 (Act 658) to act as an apex oversight body for Internal Audit units working with MDAs and MMDAs. Although the Internal Audit Agency plays an important role in the country’s economy, very little is known about their operations.

Required:
As an Internal Auditor who wants to bridge this knowledge gap:
i) Explain the functions of the Internal Audit Agency (IAA). (7 marks)
ii) Explain how the IAA facilitates the work of internal auditors in MDAs and MMDAs. (3 marks)

Answer

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Tags: IAA Act, Internal Audit, MDAs, MMDAs, Public Sector Auditing
Level: Level 2

Topic: Internal Audit and Its Relationship with External Audit
Series: MAR 2023

PSAF – Nov 2016 – L2 – Q3b – Accounting policies for cash and accrual-based accounting systems.

Explain four circumstances where the Controller and Accountant General can reject payment requisitions by MDAs.

Question

The Controller and Accountant General or an officer appointed by him has the legal authority to reject a requisition submitted by Ministries, Departments, and Agencies (MDAs) for payment.
Required:
Explain FOUR circumstances that will compel the Controller and Accountant General or an officer appointed by him to reject a requisition submitted by an MDA for payment. (4 marks)

Answer

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Tags: Controller and Accountant General, MDAs, Payment Requisition, Public Financial Management
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: NOV 2016

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

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 2017 – L2 – SB – Q4 – Treasury Management in the Public Sector

Identify benefits, challenges, and roles under the TSA scheme for MDAs and State Accountant-Generals.

Question

You are required to identify:

a. FIVE benefits associated with the financial policy. (5 Marks)

b. FIVE challenges inherent in operating the financial policy. (5 Marks)

c. FIVE roles and responsibilities of Ministries, Departments, and Agencies (MDAs) under the TSA scheme in Nigeria. (5 Marks)

d. FIVE roles and responsibilities of State Accountant-Generals under the TSA scheme in Nigeria (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Central Bank, Financial Consolidation, Financial Policy Challenges, MDAs, Treasury Single Account
Level: Level 2

Topic: Treasury Management in the Public Sector
Series: MAY 2017

AA – Mar 2023 – L2 – Q4b – Internal Audit and Its Relationship with External Audit

Explain the functions of the Internal Audit Agency (IAA) and how it facilitates the work of internal auditors in MDAs and MMDAs.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: IAA Act, Internal Audit, MDAs, MMDAs, Public Sector Auditing
Level: Level 2

Topic: Internal Audit and Its Relationship with External Audit
Series: MAR 2023

PSAF – Nov 2016 – L2 – Q3b – Accounting policies for cash and accrual-based accounting systems.

Explain four circumstances where the Controller and Accountant General can reject payment requisitions by MDAs.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Controller and Accountant General, MDAs, Payment Requisition, Public Financial Management
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: NOV 2016

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

Question Tag: MDAs

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PSAF – May 2017 – L2 – SB – Q4 – Treasury Management in the Public Sector

Identify benefits, challenges, and roles under the TSA scheme for MDAs and State Accountant-Generals.

AA – Mar 2023 – L2 – Q4b – Internal Audit and Its Relationship with External Audit

Explain the functions of the Internal Audit Agency (IAA) and how it facilitates the work of internal auditors in MDAs and MMDAs.

PSAF – Nov 2016 – L2 – Q3b – Accounting policies for cash and accrual-based accounting systems.

Explain four circumstances where the Controller and Accountant General can reject payment requisitions by MDAs.

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

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

PSAF – May 2017 – L2 – SB – Q4 – Treasury Management in the Public Sector

Identify benefits, challenges, and roles under the TSA scheme for MDAs and State Accountant-Generals.

AA – Mar 2023 – L2 – Q4b – Internal Audit and Its Relationship with External Audit

Explain the functions of the Internal Audit Agency (IAA) and how it facilitates the work of internal auditors in MDAs and MMDAs.

PSAF – Nov 2016 – L2 – Q3b – Accounting policies for cash and accrual-based accounting systems.

Explain four circumstances where the Controller and Accountant General can reject payment requisitions by MDAs.

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

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

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PSAF – May 2017 – L2 – SB – Q4 – Treasury Management in the Public Sector

Identify benefits, challenges, and roles under the TSA scheme for MDAs and State Accountant-Generals.

You're reporting an error for "PSAF – May 2017 – L2 – SB – Q4 – Treasury Management in the Public Sector"

AA – Mar 2023 – L2 – Q4b – Internal Audit and Its Relationship with External Audit

Explain the functions of the Internal Audit Agency (IAA) and how it facilitates the work of internal auditors in MDAs and MMDAs.

You're reporting an error for "AA – Mar 2023 – L2 – Q4b – Internal Audit and Its Relationship with External Audit"

PSAF – Nov 2016 – L2 – Q3b – Accounting policies for cash and accrual-based accounting systems.

Explain four circumstances where the Controller and Accountant General can reject payment requisitions by MDAs.

You're reporting an error for "PSAF – Nov 2016 – L2 – Q3b – Accounting policies for cash and accrual-based accounting systems."

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 2017 – L2 – SB – Q4 – Treasury Management in the Public Sector

Identify benefits, challenges, and roles under the TSA scheme for MDAs and State Accountant-Generals.

You're reporting an error for "PSAF – May 2017 – L2 – SB – Q4 – Treasury Management in the Public Sector"

AA – Mar 2023 – L2 – Q4b – Internal Audit and Its Relationship with External Audit

Explain the functions of the Internal Audit Agency (IAA) and how it facilitates the work of internal auditors in MDAs and MMDAs.

You're reporting an error for "AA – Mar 2023 – L2 – Q4b – Internal Audit and Its Relationship with External Audit"

PSAF – Nov 2016 – L2 – Q3b – Accounting policies for cash and accrual-based accounting systems.

Explain four circumstances where the Controller and Accountant General can reject payment requisitions by MDAs.

You're reporting an error for "PSAF – Nov 2016 – L2 – Q3b – Accounting policies for cash and accrual-based accounting systems."

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"

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