Management

INTEGRATED FINANCIAL MANAGEMENT INFORMATION SYSTEMS

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This paper discusses the subject of “best practices” for designing and implementing Integrated Financial Management Information Systems (IFMIS) and how to put them into place in specific environments: namely, in developing and transitional countries as well as in conflict and post-conflict situations. The IFMIS provides a critical financial management solution for countries whose administrative and economic infrastructure is obsolete, or has been destroyed through war and years of conflict.
There is broad agreement that a fully functioning IFMIS can improve governance by providing real-time financial information that financial and other managers can use to administer programs effectively, formulate budgets, and manage resources. Sound IFMIS systems, coupled with the adoption of centralized treasury operations, can not only help developing country governments gain effective control over their finances, but also enhance transparency and accountability, reducing political discretion and acting as a deterrent to corruption and fraud

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Series Title

INTEGRATED FINANCIAL MANAGEMENT INFORMATION SYSTEMS

Call Number

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Publisher

: ., 2008

Collation

1-44

Language

English

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Classification

NONE

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Edition

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Subject(s)

Accounting

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