What is NORSA for?

What is NORSA for?

Accounting 101

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#MemberIssueNo_150: What is NORSA for? What is its effect on the BFARs?

Hi Mr Gabi “The Accountant”. First, I would like to commend your page because it provides schematic solutions and immediate response on the queries regarding the current issues of different government agencies.. Thank you for that…

May katanungan lang po ako, this is about excess of Cash Advance granted to employees. May nakalagay sa manual [daw] (hindi ko pa nabasa, well yan ang sabi sa akin) na pag may excess CA ay mag aadjust ang budget officer sa Obligations nya for that particular CA to tally with the actual amount after he/she received the NORSA from the accountant.
How true is it? And how would it affect the FAR1 and 1a ? Kasi sa tingin ko po pag nag adjust ang obligations to actual amount eh madidisrupt ang FARs specifically the disbursement columns..

Tnx in advance. (sic)

*NORSA – Notice of Obligation Request and Status Adjustment

#NORSA
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