Financial Management Policy Renewal

The renewed financial management directives listed below are effective as of October 1, 2009.  In order to facilitate their implementation, we are providing departments the opportunity to review the new directives and guidelines as well as inform them of the difference between the new directives and the policies and policy instruments they will be replacing. 

Should you have any questions as to the implementation of these directives and guidelines please contact the following:

Crosswalk

A list of the policies and instruments that will be rescinded along with the directives that will be replacing them.

Summary of Differences

A document listing the differences between the old policy and the new directives.

Directives to be implemented October 1, 2009

• Account Verification
• Accountable Advances
• Acquisition Cards
• Claims and Ex-Gratia
• Contingencies
• Delegation of Financial Authorities for Disbursements
• Departmental Bank Accounts
• Expenditure Initiation and Commitment Control
• Financial Management of Pay Administration
• Loans & Loan Guarantees
• Losses of Money and Property
• Payment Requisitioning and Cheque Control
• Receipt, Deposit and Recording of Money
• Receivables Management
• Recording Financial Transactions in Accounts of Canada
• Specified Purpose Accounts
• Travel Cards and Traveller Cheques
• Use of Consolidated Fund for Crown Corporations

Guidelines

• Guideline on Accountable Advances
• Guideline on Claims and Ex Gratia Payments
• Guideline on Collection of Receivables
• Guideline on Financial Management of Pay Administration
• Guideline on Security for Debts