8/4/2019 Fm Notes Vol1

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or more information: contact RSCG-FM or e-mail to clfrancisco@adb.org VOLUM

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RSCGFinancial Management Stand-alone too

Link to FM CoP database (C3)Treasury

ADB Indicative Lending Rates LBLInflation ratesWorld Bank Prices and RateADB Loan Charges as of Dec 2007

CTLACTLA loan amortization calculatorLocal currency converter

ADB Loan ProductsUpdate on ADB lending productsIEI Staff Instruction on Cost Sharing

Eligibility of ExpendituresSub-sovereign non-sovereign Public SeFinancing FacilityLocal Currency Loan

ADB Projects guides and proceduresOperations Toolkite-handbookDisclosure Management System

An executing agency for an ADB-financed project is to have the project

accounts and financial statements, and,where required, those of the executingagency itself, audited each fiscal year inaccordance with the agreed uponauditing standards by independentauditors whose qualifications,experience, and terms of reference areacceptable to ADB. OM J7-p6

Requirements on Auditing Standardsand Auditor Engagement in ADBProjects states that although borrowersare responsible for auditor selection,appointment and performance..

auditors must be acceptable to ADB.read more(5.4.2)

The grant is recognized as income overthe period necessary to match them withthe related costs, for which they areintended to compensate, on asystematic basis, and should not to becredited directly to equity. [IAS 20.12]

With reference to the FinancialManagement and Analysis of Projects,for the purpose of WACC computation,

grant funds provided to the project alsohave an opportunity cost. As such, it isproposed that grants be treated in asimilar fashion to equity and the cost ofgrant be assumed to be the cost ofequity (3.5.2).

Surplus loan funds, if any, should, inprinciple, be cancelled as soon as theyare identified during implementation andupon completion of the project. At therequest of the borrower concerned,however, ADB may agree to the use ofsurplus loan proceeds for purposes thatare in accordance with the broadobjectives of the project. OM H6, PAI5.05 and PAI 5.06,

There are number of resources availablethat provide Statistics on current

economic, financial and social data asfollows:

ADB source:

http://www.adb.org/Statistics/default.aspWorld Bank source:http://web.worldbank.org/WBSITE/EXTERNAL/DATASTATISTICS/0,,menuPK:232599~pagePK:64133170~piPK:64133498~theSitePK:239419,00.html

United Nations source:http://unstats.un.org/unsd/demographic/default.htm

Sample paragraphs for RRPappendicesCost EstimatesFinancing PlanImplementation ArrangementDisbursement ArrangementAccounting and Auditing ArrangementsAnticorruptionFinancial AnalysisFinancial EvaluationFinancial Management

Annual Project Accounts andFinancial StatementsThe Annual Project Accounts (APA)may comprise a Statement of Receiptsand Payments (Cash Flow Statement).A checklist was made available in theintranet to assist in the review of APA.Project reporting requirements will

usually be specified in the RRP and inthe loan agreements. The componentparts of the APA should be specified.The APA should include: (a) a summaryof funds received showing ADB funds,any cofinancing and counterpart fundsseparately; (b) a summary ofexpenditures shown under the mainproject components and by maincategories of expenditures (asreferenced in loan and appraisaldocumentation) for the year ending 31December 20xx and cumulativeexpenditures on the Project to date; and(c) statement of fund balance as of 31December 20xx. read more

Annual Financial Statement basicallycomprise: (i) Statement of AccountingPolicies; (ii) Statement of FinancialPerformance or Income Statement; (iii)Statement of Financial Position orBalance Sheet; (iv) Statement ofChanges in Equity; (v) Statement of

Cash Flows; and (vi) Notes to Financial Statements. read more

Imprest AccountsThe imprest fund procedure is where ADB makes an advadisbursement from the loan accoundeposit to an imprest account Account) to be used exclusivelyADBs share of eligible expendituGuidelines and procedure on establishment and maintenanceimprest account is available in Loan Disbursement Handbook.more

Financial Accounting andReportingTo ensure that ADB receive accuand timely financial information,Handbook for Borrowers on Financial Management and AnalysProjects should be given to executing and implementing agtogether with the sample audit letteprovided in the PAI 5.09.