Podcast
Questions and Answers
What is the main purpose of maintaining a reconciliation process between spreadsheets and the accounting system?
What is the main purpose of maintaining a reconciliation process between spreadsheets and the accounting system?
- To monitor multi-fund, multi-year projects
- To prevent graft or other inappropriate activities
- To verify the accuracy of program costs and identify areas for improvement (correct)
- To eliminate the use of subsidiary ledgers
Why is it important to verify program numbers two ways?
Why is it important to verify program numbers two ways?
- To detect and prevent graft or other inappropriate activities (correct)
- To reduce the need for subsidiary ledgers
- To prevent errors in the accounting system
- To ensure that the program is attractive to donors
What is a result of reconciling the spreadsheets or subsidiary ledgers with the accounting system?
What is a result of reconciling the spreadsheets or subsidiary ledgers with the accounting system?
- The elimination of all errors in the accounting system
- The identification of areas for process improvement (correct)
- The reduction of costs associated with the program
- The increase in the attractiveness of the program to donors
What is a characteristic of a program that requires special attention to verification?
What is a characteristic of a program that requires special attention to verification?
What is the benefit of operating with 'eyes wide open' regarding real costs?
What is the benefit of operating with 'eyes wide open' regarding real costs?
What is a benefit of using a system to track projects effectively?
What is a benefit of using a system to track projects effectively?
What is the result of drilling down into specific project details?
What is the result of drilling down into specific project details?
What is the role of administration in promoting clarity in project management?
What is the role of administration in promoting clarity in project management?
What is the benefit of summarized project data?
What is the benefit of summarized project data?
What happens when complex systems are used to track projects?
What happens when complex systems are used to track projects?