4 Proven, Effective Ways to Ensure Your Employees/Accountable Officers Will Liquidate their Cash Advances (CAs)
We’ve provided three friendly and a not so friendly way to ensure your accountable officers will liquidate their cash advances.
When to capitalize interest (borrowing cost) from a loan?
Borrowing costs that are directly attributable to the acquisition, construction, or production of a qualifying asset shall be capitalized as part of the cost of that asset.
When to capitalize interest (borrowing cost) from a loan? Read More »
Know Which Expenses CAN BE or CANNOT BE Charged Against Your GAD Budget (NGAs and LGUs) — PCW
We’ve provided a list of examples of expenses which can be or cannot be charged against the GAD Budget of National Government Agencies (NGAs) and Local Government Units (LGUs).
Guidelines on the Management of Cash Advances to DepEd Non-Implementing Units (Non-IUs) for School Maintenance and Other Operating Expenses (MOOE) and Program Funds
This policy is applicable to all DepEd’s non-lUs namely, elementary schools (ESs) and secondary schools (SSs) operating without a complete set of books of accounts.
What is the difference between Due and Demandable Obligations and Not Yet Due and Demandable Obligations?
Post Views: 13,124 The Government Accounting Manual (GAM) for National Government Agencies defines obligation as: Obligation is an act of a duly authorized official which binds the government to the immediate or eventual payment of a sum of money. Obligation maybe referred to as a commitment that encompasses possible future liabilities based on current contractual
Nepotism: How to Count the Level of Degree of Consanguinity and Affinity?
An appointment is considered nepotic when issued to a person related to a head of office within the prohibited degree of relationship, regardless of whether or not the aforesaid head of office has exerted undue influence on the recommending or appointing authority.
Nepotism: How to Count the Level of Degree of Consanguinity and Affinity? Read More »
Easy to Understand Guide on the Grant of Honoraria to Government Personnel Involved in Government Procurement
This easy to understand guide answers the following questions:
– What is Honoraria?
– Who can be paid honoraria and for what condition?
– What constitutes “successfully completed procurement projects”?
– Is the payment of honoraria applicable to all kinds of procurement projects?
– Are all government personnel involved in government procurement entitled to honoraria?
– Whose personnel who are involved in government procurement are not entitled to honoraria?
– Where to get funds for the payment of honoraria i.e., funding source?
– What’s the definition of savings as far as the grant of honoraria for personnel involved in government procurement is concerned?
41-year old State Auditing Code needs “major overhaul”, “badly need updating and upgrading” — solon
Uy wants the government to review the practice of having COA resident auditors hold physical offices within the compound of the agencies they are assigned to audit.
“Either they get corrupted or bullied by agency heads and regular employees. We must protect our honest state auditors,” she said.
All National Government Offices will soon use an online system called BTMS to process their financial transactions
The BTMS has the capability to generate standard forms such as Procurement Request (PR), Purchase Order (PO), Budget Utilization Request and Status (BURS), Disbursement Voucher (DV), and Journal Entry Voucher (JEV), among others.
Additionally, the BTMS can also generate budget and financial accountability reports (BTMS) and financial statements, both on a consolidated and disaggregated format.