Treasury Reference Model

Treasury Reference Model

The Treasury Reference Model (TRM) gives guidelines for the design of automated treasury systems for government aiming at a) authorities within government and their advisors who are engaged in planning and implementing such systems; and b) software...

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Bibliographic Details
Main Authors: Hashim, Ali, Allan, Bill
Format: Publication
Language:English
en_US
Published: Washington, DC: World Bank 2013
Subjects:
ACCOUNTABILITY
ACCOUNTING
APPLICATION SOFTWARE
AUTHORITY
AUTHORIZATION
BASIC
BORROWING
BUDGET EXECUTION
BUDGET FORMULATION
CASH MANAGEMENT
CENTRALIZATION
CODES
COMPUTER SYSTEM DESIGN
DATA INTEGRITY
DATA PROCESSING
DEBT
DEBT MANAGEMENT
DEBT SERVICE
ECONOMIC REFORM
END USER TRAINING
FINANCIAL CONTROL
FINANCIAL MANAGEMENT
FISCAL
FISCAL MANAGEMENT
FISCAL TRANSPARENCY
FLOW CHARTS
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENT
FOREIGN TRADE
GOVERNMENT FINANCE
GOVERNMENT INSTITUTIONS
GOVERNMENT OFFICIALS
INFORMATION SYSTEMS
INSOLVENCY
INSTITUTIONAL ARRANGEMENTS
INSTITUTIONAL REFORM
INSTITUTIONAL REFORMS
LICENSES
MINISTRY OF FINANCE
PRIVATE SECTOR
PUBLIC EXPENDITURE
PUBLIC EXPENDITURE MANAGEMENT
PUBLIC FINANCE
PUBLIC FINANCE MANAGEMENT
PUBLIC FINANCES
REGULATORY FRAMEWORK
SYSTEM DESIGN
SYSTEMS DESIGN
SYSTEMS INTEGRATION
TAX
TAX REVENUES
Online Access:http://documents.worldbank.org/curated/en/2001/05/1346295/treasury-reference-model
http://hdl.handle.net/10986/13943
Description
Summary:The Treasury Reference Model (TRM) gives guidelines for the design of automated treasury systems for government aiming at a) authorities within government and their advisors who are engaged in planning and implementing such systems; and b) software designers and suppliers from the private sector - or even in-house developers of treasury software. The paper starts in Part I with a discussion of the key features of such systems, including the core functional processes, the various policy options associated with their design and the associated institutional arrangements. An effective treasury system will contribute directly to improving transparency and accountability of government and to meet the requirements set out in the IMF Code of Good Practice on Fiscal Transparency - Declaration on Principles and other standards, such as detailed fiduciary standards being developed by the World Bank. Part II gives detailed flow charts of the functional processes associated with Treasury systems, a diagnostic questionnaire that could be used to assess country specific requirements, a set of sample functional specification software that would be required to implement these systems, and a listing of the main data associated with Treasury systems. TRM also provides a means for implementing improved analytical standards for fiscal reporting. Increasingly governments are moving toward accrual basis reports and the IMF Government Finance Statistics system is being revised accordingly.

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