Accounting

Taxonomy

Code

Scope note(s)

  • Here are entered works on the process of recording, summarizing, analyzing, and reporting financial transactions.

Source note(s)

  • PAASH 2020 edition

Display note(s)

    Hierarchical terms

    Accounting

      Equivalent terms

      Accounting

      • UF Financial accounting

      Associated terms

      Accounting

        5 Authority record results for Accounting

        5 results directly related Exclude narrower terms
        Corporate body

        The Department of Administration was established in October of 1971 with the amalgamation of the Department of Treasury (excepting the functions concerning estimates and forecasts) with the general administrative functions of the Department of the Territorial Secretary and the administrative functions of the Department of Personnel. The Department of Administration provided support services to other government departments, managed the Consolidated Revenue Fund, collected all Territorial revenues and performed related treasury activities.

        For most of its existence the Department consisted of four divisions:

        • The Systems and Computer Services division provided data processing services and development of computer systems.
        • The Supply Services division, initially known as Materiel Management, handled purchasing, warehousing and inventory, transportation including sealift and aircraft charters, and management of the supply of petroleum products.
        • The Personnel Services division, initially known as Personnel Administration, carried on the functions which were transferred from the Department of Personnel, including staffing, pay and benefits, staff training, and administration of staff housing.
        • The Finance and Office Services division was formed in 1972 by merging the Administrative Services division, which originated in the Department of the Territorial Secretary, with the Financial Operations division, which came from the Department of Treasury. This division provided accounting and other financial services, records management, and communications services.

        A reorganization of the government in 1975 resulted in the responsibilities of the Department of Administration being divided between several other departments, primarily the Department of Personnel and the Department of Finance.

        Corporate body

        The Department of Finance was established in 1975. The Department reports to the Minister of Finance and has overall responsibility for the management of the Treasury, the development of fiscal policies for the GNWT and the regulation of the insurance and liquor industries. While the Department of Finance is not directly involved in the delivery of programs and services to the public, it provides support to the executive branch and program departments through the acqusition and management of financial resources.

        The Treasury is responsible for managing the government's cash position, conducting the government banking and investing activities, tax administration, risk management and insurance industry regulation. Fiscal policy is reponsible for the provision research, analysis and recommendations for the fiscal policies of the government. Additionally it monitors economic conditions as they affect the government's fiscal policy including federal and NWT tax policies, intergovernmental fiscal relations and formula financing arrangements. The Department of Finance manages the sale, distribution and consumption of liquor in the NWT via the Liquor Revolving Fund, the Liquor Licensing Board, Liquor Licensing and Enforcement and the Liquor Commission.

        In 2009/10 the functions of the Financial Management Board and Secretariat were transferred from the Department of the Executive back to the Department of Finance. Changes to the Financial Adminstration Act established the Minister of Finance as the Chair Financial Management Board, with the Deputy Minister of Finance becoming the Secretary of the Financial Management Board.

        Miller, Lex
        Person

        A.K. "Lex" Miller was born in northern Alberta and grew up in Edmonton. After graduating from high school, he joined the Hudson's Bay Company (HBC), in order to earn money for university. He was hired by the Mackenzie River Transport Company, a division of the HBC, and worked as a checker and stenographer during the summers of 1940 to 1942. Following World War II, he returned to Edmonton to become a Chartered Accountant. Among his clients were the towns of Hay River and Fort Smith. In 1987, Miller was the spokesperson for the One Canada Party, a Conservative fringe group of the 1970s.