Accounting 101

[Exclusive] Reimbursement of Grab fare and use of e-Receipt as supporting document

Post Views: 3,599 Question: For clarification lang po. Allowed ba magpa-reimburse or magpa-liquidate ng Grab Fare? Also, tinatanggap po ba and e-receipt from Grab as supporting document? Highly appreciated for any inputs/comments. Thanks po. As of this posting, there are 13+ comments to this question. Hereunder are some of the comments of our colleagues to […]

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10+ Responses | What amount of salary should be used as basis for the Mid Year Bonus of newly-promoted employees?

Post Views: 1,541 Question: Good morning po! I was promoted from SG 11 to SG 15, effectivity date po is January 16, 2020, pero yung mga papers ko po February na forward sa CSC ng HR namin. Anu po kaya yung midyear bonus na matatanggap ko saka sakali this month? Yung sa SG 11 po

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35+ Reports REQUIRED by COA and DBM to be prepared and submitted by GOVERNMENT ACCOUNTANTS

Post Views: 3,515 Have you ever thought if the reports you are preparing on a daily, weekly, monthly, quarterly or yearly basis are the ones required by the Commission on Audit (COA) and/or the Department of Budget and Management (DBM)? Or if they are, are you preparing the complete set of reports? Or did your

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Common COA Audit Findings on Government Property, Plant and Equipment (PPE) – Recognition Of Government Properties Amounting To Less Than P50,000.00 as PPEs

Post Views: 5,583 Another common audit observation/findings of the Commission on Audit (COA) on government property, plant and equipment (PPE) is the recognition of properties amounting to less than P15,000 (now ₱50,000.00) as PPEs in the books of accounts which is contrary to Section 4, Chapter 10 of the Government Accounting Manual for National Government

Common COA Audit Findings on Government Property, Plant and Equipment (PPE) – Recognition Of Government Properties Amounting To Less Than P50,000.00 as PPEs Read More »

Common COA Audit Findings on Government Property, Plant and Equipment (PPE) – Non-submission Of Complete And Accurate Inventory Records

Post Views: 5,307 One of the most common audit findings of the Commission on Audit (COA) on government property, plant and equipment (PPE) among government agencies is the non-submission of complete, accurate or reliable inventory records by the Accounting and/or Property Office of the agency. Due to the absence of inventory records, the auditor cannot

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Can the work of Supply Officer and Disbursing Officer be assigned to one employee, considering effective internal control?

Post Views: 1,478 Question: I was the supply officer before my maternity leave. Ngayon pong nakabalik na ako sa office, sabi ni head gagawin nya akong disbursing officer. Pero ninote nya na ako pa rin daw gagawa ng trabaho ng supply officer although di ako ang pipirma. Kaunti lang kami sa office at ako ang

Can the work of Supply Officer and Disbursing Officer be assigned to one employee, considering effective internal control? Read More »

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