REGIONAL FINANCIAL ADMINISTRATION

What are the benefits of applying information technology in regional financial administration?

• Expedite financial reporting

• Increase transparency and accountability

• Reduce community participation

• Complicates the financial management process

What are the principles of good governance in the context of regional financial administration?

• Security of financial data

• Transparency in financial reporting

• Transparency, accountability and participation

• Human error in recording

How can local governments improve transparency in financial management?

• By not publishing financial reports

• By holding open meetings to discuss the budget

• By not involving the public in the decision-making process

• By hiding financial data

Why is community involvement considered important in local financial administration?

• Because the community wants to control regional finances

• Because the community can provide input and supervision

• Because local governments cannot be trusted

• Because the community has personal funds in it

What are the main objectives in writing this paper?

• To discuss the practice of regional finance

• To present a case study of a particular region

• Improve understanding of regional financial administration

• Presents regional income statistic

Who is responsible for the supervision of regional financial administration?

• The central government

• Local government

• Community

• Private institutions

What are the key elements in the local financial administration process?

• Revenue collection only

• Revenue collection and reporting

• Revenue collection, expenses, bookkeeping and reporting

• Expenses only

What is meant by internal control in regional financial administration?

• Community supervision

• Principles of good governance

• Processes to ensure accountability and transparency

• Control over the use of public funds

What is one of the main root problems in regional financial administration?

• High transparency

• Regional financial crisis

• Low local debt

• Active community participation

Why is increasing local debt considered a problem in local financial administration?

• Because local debt is a natural thing

• Because local debt can hinder development

• Because local debt has no economic impact

• Because local debt does not affect transparency