Managerial Finance and Control Mechanisms

Managerial Finance and Control Mechanisms

By Dr. Lalit Kumar Setia |  @drlalitsetia  |  drlalitsetia@gmail.com  |  October 10, 2018 6:15 p.m. IST

Purpose:

The main objective of the above course was to build the capacity of officers to manage funds by enforcing proper compliance of control mechanisms as provided in financial rules.

Who participated in the course?

The course was successfully organized and 25 officers participated in the course including District Fisheries Officers, Executive Engineers, Sub-Divisional Officers, Associate Professors, Assistant Professors, and Assistant Employment Officers. The greater emphasis is provided upon the concept of finance in management and how it influences each decision of the management.

What has been covered in this course:

At the end of the course, the participants became able to (i) describe the finance function and role of finance in proper utilization of resources, (ii) describe the control mechanisms including Budgetary Control, Audit Mechanisms, and Accounting in financial administration, (iii) use Integrated Financial Management Information System including Online Budgeting, e-Billing, and e-Challan, (iv) use MS-Excel software in managing financial operations in their offices.

*Copyright © 2018 Dr. Lalit Kumar. All rights reserved.

Efficiency in Administration and Financial Procedures

Efficiency in Administration and Financial Procedures

By Dr. Lalit Kumar Setia |  @drlalitsetia  |  drlalitsetia@gmail.com  |  October 10, 2018 5:30 p.m. IST

Purpose:

The main objective of the above course was to build the capacity of officers to supervise and monitor the administrative and financial functions in accordance with the rules, policies, and procedures at their work-space.

Who participated in the course?

The course built up the capacity of 24 Officers including Principals of Industrial Training Institutes, Senior Auditors, Sub-Divisional Officers, and Women and Child Development Project Officers.

What has been covered in this course:

At the end of the course, the participants became able to (i) describe the role of Governance tools i.e. Right to Information Act, C.M. Window, and Chief Minister Good Governance Associates in improving efficiencies in Administration, (ii) compute accurate amount of tax deduction at source (TDS) for Financial Year 2018-19, (iii) describe the procedure of Performance Appraisal and how to maintain, retain, and weeding out official records as per Government Rules, (iv) describe the purchase procedure in Government e-Marketplace (GeM), (v) describe the process of e-Billing and e-TDS in Integrated Financial Management System (IFMIS)

*Copyright © 2018 Dr. Lalit Kumar. All rights reserved.