Accounts receivable and accounts payable

Provision is made for account receivables for which no reasonable expectation of recovery exists.

Provision is made for accounts receivable for which no reasonable expectation of recovery exists.

In addition, a comprehensive review of the receivable and payable accounts is being conducted to prevent netting off of the accounts payable against the accounts receivable and vice versa.

(i) Accounts receivable other

(e) Accounts receivable other

(a) The Registrar may, after full investigation, authorize the writing off of losses of cash and the book value of accounts and receivables deemed to be irrecoverable.

Accounts receivable are presented in Statement II net of a provision of 2,581,147 for doubtful accounts receivable comprising

Provision for uncollectible contributions receivable

Note 12 Other receivables

It would also be responsible for the monthly reconciliation of receivable and revenue accounts.

The Department of Peacekeeping Operations reminded missions to regularly review accounts receivable and promptly recover all outstanding amounts.

Accounts receivable are presented in statement II, net of a provision of 2,581,147 for doubtful accounts receivable comprising

A further investigation was performed by the Department of Peacekeeping Operations in conjunction with the Office of Internal Oversight Services for the period from 1 January 2004 to 18 October 2005.

Note 6 Provision for accounts receivable

Note 6 Provision for accounts receivable

Apart from the estimated uncollectable amounts, recorded under the provision for doubtful accounts receivable, we expect all significant accounts receivable at 31 December 2004 to be collected.

All commitments against resources of future financial periods have been disclosed as required by the United Nations System Accounting Standards.

In paragraph 73 of the report, UNDP agreed with the Board's reiterated recommendation that it review on a regular basis the complete ageing of accounts receivable with a view to collecting long outstanding amounts.

(ii) it is required to list the proportion of the amount of receivables of different ages (less than one year, 1 2 year, 2 3 years and more than three years) to the total amount of receivables, and the amount and proportion of overdue receivables and

Interest income accrued from cash and term deposits not maturing until future periods is recorded as accounts receivable.

The Private Sector Division will continue its rigorous monitoring and collection of accounts receivables.

The missions responded that they had significantly reduced both the accounts receivable from staff and the time period for which the amounts remained outstanding.

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

The plan was drawn up with reference to the guidelines of the Liquidation Manual, and pre liquidation visits from Headquarters were conducted under the terms of section 1.4 of the manual.

UNDP has designed the accounts receivable report.

Writing off of losses of cash and receivables

Voluntary contributions receivable and unrecorded liabilities

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.

(t) Account debtor means a person liable for payment of a receivable.

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

As a separate function, it would permit speedier and more systematic follow up, which would allow the Fund to reduce the risk of not being able to recover funds.

(a) Assets had been identified for transfer to UNOTIL or other missions or for donation

Write off of losses of cash, receivables and property

Write off of losses of cash, receivables and property

There were large balances of unliquidated obligations and accounts receivable.

(e) Harmonized and streamlined procedures for monitoring receivables and remittances.

(d) If the account debtor receives notification of more than one assignment of the same receivable made by the same assignor, it is discharged by paying in accordance with the first notification received

(a) The amounts in statement II under other receivables represent payroll and staff related entitlements and other elements pending settlement or recovery, as follows, in United States dollars

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

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.

The main factors contributing to the reduction of the deficits were the payment of assessed contributions, savings on or cancellation of prior period obligations, collection of other accounts receivable and interest income.

Outstanding assessments amounted to 55 million as at 30 June 2005

Transfer of payments and repatriation of capital

The net cash available amounted to 7.2 million and uncollected assessments and other receivables amounted to 37.7 million.