Technological Evolution of Treasury Systems Quiz
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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 (B)</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 (C)</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 (D)</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 (D)</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 (C)</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 (C)</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 (B)</p> Signup and view all the answers

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