Accounts payable

The amounts in statement II under accounts payable include amounts due to other agencies, as follows, in United States dollars

A provision for a possible write off of this receivable is included in accounts payable.

Pending the disbursement of the funds, 1,000,000 of this amount is shown under accounts payable other .

In the unlikely event of the claim not being settled, full provision has been made within accounts payable other .

In paragraph 23 of its report, the Board recommended that, in the future, UNICEF ensure that the value of payables and receivables is disclosed in full, in compliance with the United Nations system accounting standards.

Pursuant to decision GC.8 Dec.10, this amount is added to accounts payable established for this purpose in 1999.

Unrealized exchange gains are not recorded as income, but set aside in accounts payable on the grounds of prudence until realized at which point they would be treated as income.

The accumulated amounts of unrealized gains as at 31 December 2004, included in accounts payable other , are as follows

Unrealized exchange gains are not recorded as income, but set aside in accounts payable on the grounds of prudence until realized at which point they would be treated as income.

In paragraph 46 of the report, UNU agreed with the Board's recommendation that it review the validity of other accounts payable to accurately reflect balances.

Any resultant unrealized gain is not recorded as income for the period, but set aside within accounts payable other .

(i) Accounts receivable other

(e) Accounts receivable other

Decision concerning the payment mechanism and the priority of payment of outstanding claims (S AC.26 Dec.256 (2005))

Interest income arising from the Industrial Development Fund, other than the general purpose segment, as well as the trust funds relating to the technical cooperation activities is credited to accounts payable until instructions regarding its disposal are received from the donor.

To adopt a decision on the payment mechanism and the priority of payment of outstanding claims (S AC.26 Dec.256 (2005)).

Comment by the Administration. UNICEF will ensure that payables and receivables are disclosed in the financial statements for the 2004 2005 biennium, in accordance with United Nations system accounting standards.

The total outstanding assessed contributions for all peacekeeping operations at that date amounted to 2,315.6 million.

As part of the realignment, the accounts receivable function would be transferred from the Payments Unit to the Accounts Unit and, at the same time, enhanced.

As indicated above, a decision was taken at this session to modify the payment mechanism and the priority of payment of outstanding claims.

As mentioned, above, the accounts receivable function would be transferred from the Payments Unit to the Accounts Unit.

UNICEF agrees to review the policy of the Private Sector Division on the determination of the provision for uncollectible accounts receivable and to ensure that the provision excludes receivables that have been written off.

In paragraph 66, the Board recommended that the Private Sector Division review its policy on the determination of the provision for uncollectible accounts receivable and ensure that it excludes written off receivables from provisions for uncollectible receivables.

During the 2004 2005 biennium, the Tribunal has made great improvements in accounts receivable, specifically with respect to former employees and their outstanding receivables.

(i) Contributions in kind received or receivable and the value thereof are not accounted for, but disclosed in the notes to the financial statements.

He hoped that the multi year payment plans submitted by some Member States would help them to reduce their arrears and honour their financial obligations to the United Nations.

A fully developed receivables function would create a clearly defined recovery process which would then be managed independently of the payment process.

However, that failure aside, the Fund should be using all efforts to make the payment to which there is an entitlement so that beneficiaries do not suffer hardship.

In line with the recommendation of the external auditors (A 51 5 Add.12, paragraph 35), UNICEF maintains a provision for potentially uncollectible contributions receivable.

Multi year payment plans should continue to be used to help Member States to pay their arrears, provided that they were implemented on a voluntary basis and were not linked to the granting of exemptions under Article 19.

For the year 2004, three reconciliations were required (a) between the accounts payable ledger and the imprest cash book (b) between the general ledger (accounts payable account) and the bank statements and (c) between the due to due from account on the UNOPS and UNDP general ledger.

Milk processing

In addition to generating routine reports for funding, investment decisions, currency trading, payment investigations and facilitating accounts reconciliation, further high level reporting is being requested by management.

In addition, within the Information Management Systems Service the increase in resources was related to projects to be undertaken during the biennium. These requests were based on continuing growth in both the number of participants and periodic benefits in payment.

Investments in processing and trading products of Agriculture Investments in processing and trading products of Forestry

The first instalment of 1,220,000 due from the Austrian Government towards the replacement of carpets and cables at the Vienna International Centre is reflected within accounts receivable other .

The procedure for reclassification of abnormal payable balances will continue to be reviewed and improved as required and the results will be reflected in the financial statements as at 31 December 2005.

So the goal of a propulsion method in space is to create an impulse.

Contracts are now being processed.

Comment of the Administration. In response, the UNCC secretariat advised the Board that the Governing Council had taken a decision on interest on awards of compensation at its March 2005 session.

The Section cannot obtain sales figures, information on payments due, basic subscription reports or lists of invoice numbers in order to compare data with Treasury receipts or process queries to facilitate mass mailings.

Disbursements payments

The primary tasks of the Payments Unit are (a) maintenance of payroll and accounts payable receivable (b) making miscellaneous and daily payments (c) calculation and application of cost of living and other adjustments and (d) processing and maintenance of after service health insurance records.

Total gross expenditures under the regular budget ( 154,009,900) are reduced by an anticipated income ( 3,224,200), and the resulting net requirements ( 150,785,600) are financed by assessed contributions payable by Member States.