G/Budgeting: 10+ Often Miscontrued Budgeting Terminologies
Learn 10+ budgeting terminologies that most accountants, budget officers and even state auditors often interchange their meaning.
Government Accountants, Budget Officers, Treasurers and Auditors’ Forum
Learn 10+ budgeting terminologies that most accountants, budget officers and even state auditors often interchange their meaning.
Learn how the Philippine government prepares its budget, spends the same, and how it accounts its expenditures. Also learn how, as a citizen, you can be part of the budgeting process.
Check if your are submitting the required BFARs. Check also if you are submitting them on the new prescribed reporting timelines.
Follow this forum to get answers on this question straight from real government accountants, budget officers, and state auditors.
Follow this forum and learn how to prepare FAR 1 and FAR 1-A straight from real government accountants, budget officers and state auditors.
While it is true that the GAA set a 5% threshhold for GAD activities, the same does not pertain to a separate budget that should be set aside by the agency; instead, at least 5% of the total cost of the agency’s regular activities must pertain to GAD.
Commit these mistakes often and you lose reliability.
Simply explained, you incur obligations when the pizza is served or delivered to you while disbursements happen when you pay for the pizza.
If appropriation is a whole pizza, allotment represents a slice of the pizza.