Course Content
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.
Private: DAO Part-I Examination 2024 (Fresh Candidates) Past Papers
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Question No. 4: Procedures for Recording, Consolidation, Reporting, and Reconciliation of Contractors’ Expenditure in APPM:

The Accounting Policies and Procedures Manual (APPM) provides guidelines for handling contractors’ expenditure. The procedures include:

  1. Recording Contractors’ Expenditure:

    • Properly record all transactions related to contractors’ expenses.
    • Maintain detailed records of contracts, invoices, and payments.
  2. Consolidation of Contractors’ Expenditure:

    • Consolidate contractors’ expenses across different projects or departments.
    • Ensure consistency in recording and reporting.
  3. Reporting Contractors’ Expenditure:

    • Prepare regular financial reports that include contractors’ expenses.
    • Present the information transparently and accurately.
  4. Reconciliation of Contractors’ Expenditure:

    • Reconcile contractors’ invoices with actual payments made.
    • Investigate any discrepancies and resolve them promptly.
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