Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Finance clarifies the mechanism for dealing with the accumulated advances since 2007

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 278278
    Join date : 2012-12-21
    • Post n°1

    Finance clarifies the mechanism for dealing with the accumulated advances since 2007 Empty Finance clarifies the mechanism for dealing with the accumulated advances since 2007

    Post by Rocky Sat 24 Jun 2023, 6:44 am

    Finance clarifies the mechanism for dealing with the accumulated advances since 2007

    [ltr]2023.06.24 - 14:40[/ltr]


    [You must be registered and logged in to see this image.]
      
    [size=20]Baghdad - Nas  
    The Ministry of Finance clarified, on Saturday, the mechanism for dealing with advances accumulated since 2007, and obtaining the approval of the Council of Ministers to extinguish them.  
      
    [/size]
    [You must be registered and logged in to see this link.]  

      
      
    The Director General of the Accounting Department in the Ministry, Jamil Thajib Youssef, said in a statement to the official agency, followed by “NAS”, (June 24, 2023), that “Article 15 of the Federal Budget Law for the year 2023 indicated that the Minister of Finance has the right to add allocations to extinguish advances until the end of 31 /12/2023, and these advances are included in the reference balances of the spending units that submitted trial balances since 2007 and were not fully processed and remained accumulated until now.  
      
    Youssef added, "This article dealt with outstanding issues in the state's closing account, which is the advances account, noting that this account is an intermediate account that requires annual processing without a process of accumulations, and that the Ministry of Finance annually issues a circular urging spending units to process all advances contained in the trial balances until 12/31 date, or the period of final accounts.  
      
    He pointed out that "these advances are for spending units, and that the Ministry of Finance does not deal with employees, but rather deals with administrative formations mentioned in the budget law within the allocated allocations or as stated in the Federal Financial Management Law No. 6 of 2019."  
      
    He pointed out that “this article came to address the problems that accompanied the state’s closing account and the accumulation of advances without addressing them, knowing that these advances have problems, including the lack of prioritization in some spending units, and therefore the ministry issued instructions to address the loss of prioritization to address secondary copies in spending units.” To settle those advances after the matter is presented to the Bureau of Financial Supervision and obtaining the approval of the Council of Ministers to extinguish those advances, and then make an allocation for the purpose of the entry settlement.  
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Sun 29 Sep 2024, 11:24 pm