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100
What is Allotment
Allotment is the budget issueed at the highest planning level of a business area--such as country programme level. (WBS level 1)
100
What is Allocation/Funded
Allocation is the budget distributed to specific outputs (WBS level 3).
100
What is a Commitment and what are the different commitment types
It is a type of commitment document in SAP that consumes budget to meet a responsibility for payment of a third party (vendor, payee) for goods or services. Examples of commitments are purchase orders and funds commitments.
100
What is Utilization
The portion of the budget amount that is already reserved or consumed through a commitment. Utilization includes open commitments and disbursements (actuals).
100
What is Expense
Represents the cost of goods and services consumed in the process of fulfilling the organization’s objectives. UNICEF uses the term expense for the IPSAS definition of costs of goods and services consumed: "Decrease in economic benefits or services potential during the reporting period in the form of outflows (i.e. salary payments) or consumption of assets (e.g. depreciation) or incurrence of liabilities (e.g. bad debts) that result in decrease in net assets/equity
200
What is a ‘WBS’ and give examples
A hierarchical outline of the critical work elements of a project that illustrates their relationships to each other and to the project as a whole. The Work Breakdown Structure provides the foundation for programme planning, budget planning and resource allocation. It consists of ‘WBS Elements.’ WBS elements describe tasks or subtasks to be performed within a defined time period. VISION has four levels of WBS Elements: Level 1: Country Programme (CP), Level 2: Outcomes, Level 3: Outputs, Level 4: Activities.
200
What are the PIDB codes available at the Output level (WBS Level 3) in VISION
Outcome Areas, Programmatic Areas, Gender Equality Marker and Humanitarian Marker
200
What are 'Input' types
A grouping of commitments by Cash, Service, Travel and Supply. It is based on Commitment type. For eg. YA, Y9 are grouped under Cash input type.
200
What is a GL
General Ledger accounts facilitate classification of accounting transactions. Represent the categories or classifications of assets, liabilities, fund equity, revenues and expenses at the lowest level of detail necessary for internal and external reporting. All accounts are contained in the "Chart of Accounts”. Formerly known as Object of Expenditure.
200
Where are Regional Priorities tagged in VISION. At which WBS Level
At the Output Level (WBS Level 3)
300
What is the difference between Ceiling and Planned?
Ceiling is the board approved CPD ceilings for ORR and RR. Planned amount reflects the estimated funding needs for results defined in the CPD for Outcomes and Outputs. Planned amounts can also be indicated at Outcome Areas and Programme Areas.
300
What is the difference between PIDB and MORES?
Programme Information Data Base System (PIDB) coding of the revised result structure was carried out as per the global guideline to ensure alignment with UNICEF’s new strategic plan (2014-2017). PIDB coding is done at different levels of the WBS. Monitoring of Results for Equity Systems (MoRES) was developed as an approach to operationalise the equity agenda and accelerate progress in reaching the most deprived children. MoRES is defined by UNICEF as ‘a conceptual framework for effective planning, programming, implementation, monitoring and managing for results to achieve desired outcomes for the most disadvantaged children ’.
300
What is the difference between Actual and Utilized?
Term 'actuals' means spent amounts when used in the context of budget. In the context of accounting, they represent all amounts that are recorded under the general ledger. Utilized is the portion of the budget amount that is already reserved or consumed through a commitment. Utilized includes open commitments and disbursements (actuals).
300
What is the difference between Grant Agreement Amount vs Funds Received
Grant value is the amount agreed with the donor where as Funds received is the actual cash received
300
What is the purpose of a Dashboard
Dashboards have pre-defined layout Dashboards give a snapshot view of the health of the Country programme Dashboards have alerts and trends