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WELCOME. Maharashtra Agricultural Competitiveness project. PFS (Project Financial Statement). INTRODUCTION. PFS i.e. Project Financial Statement reflects position of MACP Project as a whole for financial year ended on 31 st March .
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WELCOME Maharashtra Agricultural Competitiveness project.
PFS (Project Financial Statement)
INTRODUCTION • PFS i.e. Project Financial Statement reflects position of MACP Project as a whole for financial year ended on 31st March. • All of us know financial year means from 1st April of running year to 31st March of succeeding year (12 Months period) i.e . Financial Year 2013-14 means 1st April 2013 to 31 March 2014. • We have to submit PFS for F.Y. 2013-14 before 30.6.2014 to External Auditor(AG and CA). • Our PFS should get ready before 15.5.2014 so that further necessary action can be taken in this regard.
Whatever data entered in PFS should be considered from Books of Accounts and verified from the fourth quarter IUFR submitted. • The Opening Balances should be considered from the previous PFS submitted and approved by the HO of MACP. • Closing balances should be tallied with the IUFR and Books of accounts maintained.