--%>

Explain Plan of Financial Adjustment

Plan of Financial Adjustment (PFA): This is the plan proposed by a department, accepted by the Department of Finance, and acknowledged by the State Controller's Office (SCO), to allow the SCO to assign costs paid from one item to one or more than one items within a department's appropriations. The PFA might be employed, for illustration, to permit the department to pay all the administrative costs out of its main item and then to transfer the suitable costs to the right items for their share of the costs paid. The SCO transfers the funds on receipt of a letter (that is, transaction request) from the department stating the amount (sum) to be transferred based on the criteria for cost distribution in the accepted PFA.

   Related Questions in Finance Basics

  • Q : Present value influenced by change in

    Normal 0 false false

  • Q : Shapes of marginal-cost and the

    Normal 0 false false

  • Q : Finance powerpoint Hi, I am a

    Hi, I am a management student studying in a business school. I have given a case study (attached below in PDF) as evaluation. I was able to get an English version but since i am not familiar with the subject i don't know how to solve this. I would like to know if you can provide any solution f

  • Q : Define the term year of Completion Year

    Year of Completion (YOC): This is the last fiscal year for which the appropriation is accessible for encumbrance or expenditure.

  • Q : Multiplier effect Normal 0 false false

    Normal 0 false false

  • Q : Compounded Quarterly In Financial

    1. If you deposit money today in an account that pays 4.3% annual interest, how long will it take to double your money? Round your answer to the nearest whole. years 2. Find the present value of the following ordinary annuities. Ro

  • Q : Explain Budget Bill Budget Bill : The

    Budget Bill: The legislation symbolizing the Governor’s proposal for spending authorization for the subsequent fiscal year. The Budget Bill is all set by the Department of Finance and submitted to each house of the Legislature i

  • Q : Describe factors cause change in

    Normal 0 false false

  • Q : What is Feasibility Study Report

    Feasibility Study Report (FSR): This is a document proposing an information technology project which contains analyses of options, cost estimates, and some other information.

  • Q : Explain Budget Cycle Budget Cycle : The

    Budget Cycle: The time period needed to made a state financial plan and enacts that part of it applying to the budget year. The Significant events in the cycle comprise: • The preparation of G