Course Content
Basic Accountancy (Past Paper 2009)
All questions are taken from DAO Exam Part-I (Past Paper 2009)
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Classifying daily basis transactions according to their types
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What is Statement of Financial Position (SOFP)
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Write double-Entry Formula Entries
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Recording Cash Book Transaction
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Journal Entry
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Short Questions
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Find Depreciation: The Time Value of Money
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Reconciliation of Payables and Supplier’s Memorandum Ledger Balances
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Basic Accounting-I (Past Paper 2010)
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Let's Analyze your knowledge with Quiz
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Basic Accounting (Past Paper 2010)
Division Accounts Officer's Examination (Part-I) 2010 paper answers
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Present Journal entries from the enlisted transactions
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Transactions Typically Recorded in a Journal
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Security Aspects of Handling and Storing Money
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Define Bank Reconciliation & draw it benefits
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Bank Reconciliation Example
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Bad debt
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Good internal controls to support an efficient and reliable payroll system
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Replacing Machinery
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Dismantling Costs of Old Machine
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Basic Accounting Help Material
Short definition of the Accounting terms
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Book of Accounts
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Accounting Processes
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Single-entry and Double-entry accounting:
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Financial Statements (Assets, Liabilities, and Shareholders’ Equity)
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Difference between a balance sheet, an income statement and a cash flow statement
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What is the difference between a cash book and a bank statement?
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Course outline for Basic Accounting
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New Accounting Model (Exam-2009)
Books references: 1. Account Code (Volume III). 2. Chart of Accounts (Issued by CGA). 3. Manual Accounting Principles. 4. Accounting Policies and Procedures Manual.
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Select Suitable answers
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Write short notes on the following questions.
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Pass Journal Entries
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Reconciliation of Contractors’ Expenditure in APPM
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Treatment of Replacement Cheques, Unclaimed and Stale Cheques in APPM
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Business Communication (Exam 2009)
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Proposal for the Auditor General of Pakistan
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Write an essay on the new challenges emerging for the auditors
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What type of business skills are used in contract planning, execution, implementation and evaluation?
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Please comment on the following:
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Please comment in short on the following:
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Private: DAO Part-I Examination 2024 (Fresh Candidates) Past Papers
About Lesson

Proposal for the Auditor General of Pakistan: Addressing Key Issues

Executive Summary

The purpose of this proposal is to highlight critical issues within the financial management and accountability framework of the federal government of Pakistan. As the Auditor General of Pakistan, it is essential to address these challenges to enhance transparency, efficiency, and effectiveness. The proposed actions aim to strengthen financial discipline, internal controls, and governance.

Main Issues Identified

  1. Weak Internal Controls:

    • Many government departments lack robust internal controls, leading to inefficiencies, waste, and potential fraud.
    • Recommendation: Strengthen internal control mechanisms through regular audits, training, and awareness programs.

  2. Inadequate Financial Reporting:

    • Some agencies struggle with accurate and timely financial reporting.
    • Recommendation: Implement standardized reporting procedures and ensure compliance with accounting standards.

  3. Lack of Accountability:

    • Accountability mechanisms need improvement to hold officials responsible for financial decisions.
    • Recommendation: Establish clear lines of responsibility and enforce consequences for non-compliance.

  4. Budgetary Mismanagement:

    • Budget execution often deviates from approved allocations.
    • Recommendation: Monitor budget execution closely and address deviations promptly.

  5. Inefficient Procurement Processes:

    • Lengthy procurement cycles hinder project implementation.
    • Recommendation: Streamline procurement procedures and promote transparency.

Proposed Actions

  1. Comprehensive Audit of Key Departments:

    • Conduct in-depth audits of high-impact departments to identify specific weaknesses.
    • Evaluate financial management practices, compliance with regulations, and risk exposure.

  2. Capacity Building and Training:

    • Develop training programs for government officials on financial management, internal controls, and reporting.
    • Promote awareness of best practices and ethical conduct.

  3. Strengthening Oversight Mechanisms:

    • Establish an independent oversight body to monitor financial activities across departments.
    • Regularly review audit findings and ensure timely corrective actions.

  4. Enhanced Transparency and Communication:

    • Publish audit reports promptly and make them accessible to the public.
    • Engage with stakeholders through regular updates and consultations.

D.O Letter to Federal Secretaries

Dear [Secretary’s Name],

Subject: Request for Response on Critical Issues

As part of our commitment to improving financial governance, we seek your valuable insights on the main issues identified within your department. Your feedback will contribute to our efforts to enhance transparency, accountability, and efficiency.

Please provide your response by [deadline]. We appreciate your cooperation in this matter.

Sincerely, [Your Name] Auditor General of Pakistan

This proposal aims to address pressing challenges and foster a culture of accountability within the federal government. By implementing the recommended actions, we can strengthen financial management practices and ensure better utilization of public resources.

1: Auditor General of Pakistan

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