Académique Documents
Professionnel Documents
Culture Documents
2014-003
Govt Acctg encompasses all processes involving receipt, and dispo of govt funds
and property, and interpreting the results
Allotment Oblig Authority; issued by DBM (budget release docus)
Appropriation- issued by legis body
Approved Budget- expenditure authority (NCASTURR)
N annual auth (GAA)
C incur obligations beyond budg year for SPECIFIC proj
A-does not require periodic action, programmed annually
S-additonal appropriations
Budget Info consists allotment, approved budget, etc
Final Budget orig budget adjusted
Original budget GAA (original approved budget), may include residual
appropriated amts
Revenues increases in econ benefits
Disbursements actual amts
Oblig act of duly auth offi; commitment
Entity agency
Govt Budget financial plan; key instrument to promote objectives; inc, exp, source
of borrowings of NG
Liabs firm obligations
Revenue funds all funds derived by entity
Responsibility over Govt funds and property:
Head of agency primarily liable
Fiscal responsibility shouldered by everyone
Accountability
Authorized Officer
Officer to Officer IF ONLY AUTH BY COA (itemized invoice and receipt)
Liability
Personal liab
30 days if fortuitous
Revenue:
National Treasury, Govt Depository General Fund
Trust Permanent Committee (Chair: DOF| DBM, COA) Special, Fiduciary, Trust,
Funds other than GF
Collecting Officer issues receipts upon receipt of money, CANNOT cash out private
checks
Disbursement (Sec 4 of P.D 1445) (Govt Acctg Code of the Phils)
Cash out from BTr ONLY THRU APPROPRIATIONS
Complete documentations
Approval of Proper Officials
GAAP, Sound mgt, Fiscal admini
Basic Principles (under statutory responsibility of NGAs, BTr, DBM, COA)
Accrual acctg
DA
NCA -agency
NTA - unit
NCAA - liquidation
CDC - DFA, DOLE, FSPs
Classification of Exps:
ProgActProj
Entity
BOE (PS, MOOE, CO, FE)
Region
Economioc/Functional
Oblig Auth/ Fund Releases
Estimated Revenue per Approved Budget of Agency (ERABA)
RROR
GJ
SL
Responsibility Acctg access to cost and revenue info supervised by manager who
is directly responsible; system measuring plans (budgets) and actions (actual
results) of resp center
Responsibilty Centers part/segment/unit of agency
Cost Centers access to cost info, cost monitoring purp
Objectives:
1. Properly charge manager/center accountable
2. Basis for future decisions
3. Review, Evaluate
Distinctions
1. Controllable vs Non controllable
2. Emphasis on controllable