Virtual : BATCH-2 Government Finance Statistics for Comptroller and Auditor General of India (GFS)
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- Virtual : BATCH-2 Government Finance Statistics for Comptroller and Auditor General of India (GFS)
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Bibliographic details
- Session: SA 21.21V
- Location: New Delhi, India
- Dates: December 6-10, 2021 (1 week)
- Delivery method: Virtual Training
- Primary language: English
- Status: New dates
Target audience and purpose
- Officials (source data providers, compilers, auditors, and intensive users) from the Office of the CAG, who would benefit from gaining new, or refreshing existing, knowledge of the concepts, principles, sources, and methods used to compile GFS and PSDS.
- Officials who will assist the CAG in fulfilling requirements for G-20 Data Gaps Initiative 15 and 16.
Participant qualifications
- Expected to possess a degree in accounting, economics, or a related field and/or have relevant work experience.
- Engage in regular compilation, auditing, or use of Indian state-level GFS and/or PSDS.
- Have proficiency in Microsoft EXCEL and WORD.
Course description and core content
- Review of selected concepts, principles, sources, methods, accounting rules, and the general framework used to compile GFS and PSDS.
- Fundamental GFS and PSDS features covered: Accounts (revenue, expense, expenditure, assets, liabilities); consolidation; statements; tables, and balance sheets.
- International standards presented:
- Government Finance Statistics Manual 2014(GFSM 2014)
- Public Sector Debt Statistics: Guide for Compilers and Users 2011(PSDS Guide)
- Pre-workshop expectation: participants will have had an opportunity to attempt to translate Indian states' fiscal statistics from a GFSM 1986 framework into a GFSM 2014 framework, and to compile PSDS in accordance with the PSDS Guide.
- Workshop format: participants will describe, discuss, and analyze their GFS translation and PSDS compilation efforts with peers and IMF GFS/PSDS Experts; participants' questions/concerns will be invited and entertained throughout.
Course objectives and competencies on completion
- Confirm that CAG officials at the Indian state level have data and human resource requirements to translate successfully state's fiscal statistics into GFSM 2014 and PSDS Guide frameworks.
- Upon completion, participants should be able to:
- Discuss general and specific aspects of the GFS and PSDS frameworks as embodied in the GFSM 2014 and the PSDS Guide.
- Classify operational transactions (Revenue, Expense, Net acquisition of nonfinancial assets, Net acquisition of financial assets, Net incurrence of liabilities), other economic flows, and stock positions in assets and liabilities data.
- Describe a consolidation process. Know the statements, tables, and memoranda items that are part of GFSM 2014 and PSDS Guide frameworks.
- Prepare basic GFSM 2014 statements and PSDS tables.
- Identify key differences between the GFSM 2014 framework and a key predecessor, the GFSM 1986.
References