On March 8, 2021, the Commission on Audit (COA) and the Department of Budget and Management (DBM) issued a Joint Circular (JC) prescribing the updated policies of the government with regards to accounts payables (A/Ps) that remain outstanding for two …
Ang “ghost employee” ay hindi totoong empleyado ngunit nasa payroll ito at binabayaran ito ng opisina o isang dating empleyado na wala na sa opisina ngunit binabayaran pa rin ng opisina ang sahod nito.
These are the reasons why the Accounting Office does not or deny your claims.
Listed hereunder are the common audit findings, observations, suspensions, disallowances issued/imposed by the Commission on Audit (COA) on cash advances. 1. Advances for Payroll were not liquidated at the end of the year, contrary to COA Circular No. 97-002 dated …
CPAs revealed the real reason why they pursued accountancy.
We’ve provided three friendly and a not so friendly way to ensure your accountable officers will liquidate their cash advances.
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.
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).
We’ve provided the specific procedures on how to prepare a SCBAA.