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Controller General Of Accounts
The Controller General of Accounts (CGA) ( ur, ) is the premier accounting office of the Government of Pakistan. The Office is entrusted with the task of producing accurate and timely financial statements for the federation. It was formed under an ordinance issued in 2001. The Office achieves task through dedicated human resources, immense investment in infrastructure and strict quality control checks by the Senior Officers. It is also responsible for disbursing government money in form of payments of salaries and allowances to government servants and payments to contractors. All these transactions and any other transactions by Government of Pakistan, are captured in the SAP ERP and then the information is used to generate monthly, quarterly and yearly financials. The Controller General of Accounts is appointed by the President of Pakistan, President from amongst the officers of the Accounts Group and shall hold a Pakistan Civil Service, civil service rank of BPS 22. Detailed funct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Pakistan
The Government of Pakistan ( ur, , translit=hakúmat-e pákistán) abbreviated as GoP, is a federal government established by the Constitution of Pakistan as a constituted governing authority of the Administrative units of Pakistan, four provinces, two autonomous territories, and one federal territory of a Parliamentary democracy, parliamentary democratic Parliamentary republic, republic, constitutionally called the Pakistan, Islamic Republic of Pakistan. Effecting the Westminster system for governing the state, the government is mainly composed of the Executive branch, executive, Legislative branch, legislative, and Judicial branch, judicial branches, in which all powers are vested by the Constitution of Pakistan, Constitution in the Parliament of Pakistan, Parliament, the Prime Minister of Pakistan, Prime Minister and the Supreme Court of Pakistan, Supreme Court. The powers and duties of these branches are further defined by acts and amendments of the Parliament, including the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Statement
Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand. They typically include four basic financial statements accompanied by a management discussion and analysis: # A balance sheet or statement of financial position, reports on a company's assets, liabilities, and owners equity at a given point in time. # An income statement—or profit and loss report (P&L report), or statement of comprehensive income, or statement of revenue & expense—reports on a company's income, expenses, and profits over a stated period. A profit and loss statement provides information on the operation of the enterprise. These include sales and the various expenses incurred during the stated period. # A statement of changes in equity or statement of equity, or statement of retained earnings, reports on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quality Control
Quality control (QC) is a process by which entities review the quality of all factors involved in production. ISO 9000 defines quality control as "a part of quality management focused on fulfilling quality requirements". This approach places emphasis on three aspects (enshrined in standards such as ISO 9001): # Elements such as controls, job management, defined and well managed processes, performance and integrity criteria, and identification of records # Competence, such as knowledge, skills, experience, and qualifications # Soft elements, such as personnel, integrity, confidence, organizational culture, motivation, team spirit, and quality relationships. Inspection is a major component of quality control, where physical product is examined visually (or the end results of a service are analyzed). Product inspectors will be provided with lists and descriptions of unacceptable product defects such as cracks or surface blemishes for example. History and introduction Ea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SAP ERP
SAP ERP is an enterprise resource planning software developed by the German company SAP SE. SAP ERP incorporates the key business functions of an organization. The latest version of SAP ERP (V.6.0) was made available in 2006. The most recent SAP enhancement package 8 for SAP ERP 6.0 was released in 2016. It is now considered legacy technology, having been superseded by SAP S/4HANA. Functionality Business Processes included in SAP ERP are: * Operations (Sales & Distribution, Materials Management, Production Planning, Logistics Execution, and Quality Management), * Financials (Financial accounting, Financial Accounting, Management accounting, Management Accounting, Financial Supply chain management, Supply Chain Management), * Human Capital Management (Training, Payroll, e-Recruiting) and * Corporate services, Corporate Services (Travel management, Travel Management, Environment, health and safety, Environment, Health and Safety, and Real estate, Real-Estate Management). Deve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of Pakistan
The president of Pakistan ( ur, , translit=s̤adr-i Pākiṣṭān), officially the President of the Islamic Republic of Pakistan, is the ceremonial head of state of Pakistan and the commander-in-chief of the Pakistan Armed Forces.Article 41(1) in Chapter 1: The President, Part III: The Federation of Pakistan in the . The office of president was created upon the proclamation of Islamic Republic on 23 March 1956. The then serving |
Pakistan Civil Service
The Central Superior Services (CSS; or Civil Service) is a permanent elite civil service authority, and the civil service that is responsible for running the bureaucratic operations and government secretariats and directorates of the Cabinet of Pakistan. The Prime Minister is the final authority on all matters regarding the civil service. The civil service defined itself as "key wheels on which the entire engine of the state has to move." Derived from the colonial legacy of the former British Civil Service, the civil service came into its modern formation immediately after the establishment of Pakistan as a "Civil Service of Pakistan". During its time of formation, the bureaucracy produced Ghulam Ishaq Khan who would go on to become the President of Pakistan. It had influence on many of the state's defence, internal, foreign and financial policies. In 1971, it was re-organized and reestablished under "Chapter I: Part-XII, Article 240" of the Constitution of Pakistan which gav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Administrative Units Of Pakistan
The administrative units of Pakistan comprise four provinces, one federal territory, and two disputed territories: the provinces of Punjab, Sindh, Khyber Pakhtunkhwa, and Balochistan; the Islamabad Capital Territory; and the administrative territories of Azad Jammu and Kashmir and Gilgit–Baltistan. As part of the Kashmir conflict with neighbouring India, Pakistan has also claimed sovereignty over the Indian-controlled territories of Jammu and Kashmir and Ladakh since the First Kashmir War of 1947–1948, but has never exercised administrative authority over either region. All of Pakistan's provinces and territories are subdivided into divisions, which are further subdivided into districts, and then tehsils, which are again further subdivided into union councils. History of Pakistan Early history Pakistan inherited the territory comprising its current provinces from the British Raj following the Partition of India on 14 August 1947. Two days after independence, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Districts Of Pakistan
The Districts of Pakistan ( ur, ); are the third-order administrative divisions of Pakistan, below provinces and divisions, but forming the first-tier of local government. In total, there are 169 districts in Pakistan including the Capital Territory and the districts of Azad Kashmir and Gilgit Baltistan. These districts are further divided into ''Tehsils, Union Councils''. History In 1947, when Pakistan gained independence there were 124 districts. In 1969, 2 new districts (Tangail and Patuakhali) in East Pakistan were formed totalling to 126. After the Independence of Bangladesh, Pakistan lost 20 of its districts and so there were 106 districts. In 2001, the number was reduced to 102 by the merger of the 5 districts of Karachi Central, Karachi East, Karachi South, Karachi West and Malir to form Karachi District. The number of districts rose to 106 again in December 2004, when four new districts were created in the province of Sindh of which one (Umerkot) had existed until ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auditor General Of Pakistan
An auditor is a person or a firm appointed by a company to execute an audit.Practical Auditing, Kul Narsingh Shrestha, 2012, Nabin Prakashan, Nepal To act as an auditor, a person should be certified by the regulatory authority of accounting and auditing or possess certain specified qualifications. Generally, to act as an external auditor of the company, a person should have a certificate of practice from the regulatory authority. Types of auditors * External auditor/ Statutory auditor is an independent firm engaged by the client subject to the audit, to express an opinion on whether the company's financial statements are free of material misstatements, whether due to fraud or error. For publicly traded companies, external auditors may also be required to express an opinion over the effectiveness of internal controls over financial reporting. External auditors may also be engaged to perform other agreed-upon procedures, related or unrelated to financial statements. Most important ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Pakistan)
The Ministry of Finance and Revenue ( ur, ) or Ministry of Finance ( ur, , ''Wazarat-e-khazana'', abbreviated as MoF) is a ministry of the Government of Pakistan tasked to ensure a strong Pakistani economy by developing policies of sound economic management and providing expert advice to the government. Minister The Minister of Finance is leading cabinet member who responsible each year for presenting the federal government's budget. It is one of the most important positions in the Cabinet. Because of the prominence and responsibility of this position, it is not uncommon for former Ministers of Finance to be appointed Prime Minister. The current Minister of Finance of Pakistan is Miftah Ismail, he was appointed to this position by the Prime minister of Pakistan on 19 April 2022. The previous Minister of Finance was Shaukat Tarin. Divisions Finance The ''Finance Division'' comes under the supervision of the Secretary of Finance. The division's bureaucracy is divided into seve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Accounting Officer
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for analysis of data. Some CFOs have the title CFOO for chief financial and operating officer. In the majority of countries, finance directors (FD) typically report into the CFO and FD is the level before reaching CFO. The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding. Qualification Most CFOs of large companies hav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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