Technological Evolution of Treasury Systems Quiz
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What were the primary software tools used for the treasury system in its early development stage?

  • BASK-M and Public Finance Management
  • BASK-M and General Ledger (correct)
  • General Ledger and Treasury Management System
  • Accounting Information System and Public Finance Management
  • What was the main issue with the BASK-M software that led to its replacement?

  • Insufficient control over budgetary funds
  • Inadequate platform for communication
  • Lack of support for two-digit budgetary classification codes
  • Inability to handle advanced accounting procedures (correct)
  • Which of the following was NOT a drawback of the BASK-M software solution?

  • Insufficient transparency of accounting procedures
  • Integrated communication platform (correct)
  • 2-3 days’ delay in indication of receipts and expenditure
  • Impossibility of centralized reporting budget implementation
  • How did the Treasury Committee of Kazakhstan address the drawbacks of the BASK-M software solution?

    <p>By implementing a new and more advanced treasury system</p> Signup and view all the answers

    What was the primary aim of the Integrated Information System for Public Finance Management (IISPFM)?

    <p>To enhance transparency, efficiency, and accountability in managing government finances</p> Signup and view all the answers

    What was the role of the General Ledger software in the early development stage?

    <p>It was used for financial accounting</p> Signup and view all the answers

    What was the main disadvantage of the used software solutions in the context of financial management demands?

    <p>They could not provide the required and adequate technological basis of the treasury system</p> Signup and view all the answers

    Which of the following features was NOT supported by the BASK-M software solution?

    <p>Advanced communication platform</p> Signup and view all the answers

    What was the role of the Treasury Committee in improving the treasury system in Kazakhstan?

    <p>It implemented the Integrated Information System for Public Finance Management</p> Signup and view all the answers

    Which terms best describe the significance of the new treasury system implemented by the Treasury Committee?

    <p>Innovation, integration, and efficiency</p> Signup and view all the answers

    More Like This

    Corporate Treasury Management
    18 questions

    Corporate Treasury Management

    IntelligiblePrimrose avatar
    IntelligiblePrimrose
    State Treasury System
    16 questions
    Treasury Management System Quiz
    5 questions
    DoD Funds Disbursing Procedures
    232 questions
    Use Quizgecko on...
    Browser
    Browser