Accounting 101

DBM Circular on Registration Fees (Trainings/Seminars) — NBC No. 563, s. 2016

September 17, 2022 •

Purpose The Department of Budget and Management issued National Budget Circular (NBC) No. 563 in 2016 to update the guidelines and the allowable cost of participation of government officials and employees in conventions, seminars, conferences, symposia, and other similar gatherings, prescribed under National Budget Circular (NBC) No. 442 dated March 29, 1992 and NBC No. […]

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COA Circular No. 2012-001 — Revised Guidelines and Documentary Requirements for Common Government Transactions

September 17, 2022 •

Purpose COA Circular No. 2012-001 was issued by the Commission on Audit in 2012 to prescribe the revised guidelines and documentary requirements for common government transactions. Common Government Transactions Covered 💡 Granting of Cash Advances 💡 Liquidation of Cash Advances 💡 Fund Transfers to Non-Government Organizations / People’s Organizations (NGOs/POs) 💡 Transfer of Funds to

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COA Circular No. 2022-004 — Guidelines on increasing the capitalization threshold (for PPEs) from 15,000.00 to P50,000.00

September 17, 2022 • • 3 Comments

Purpose COA Circular No. 2022-004 was issued by the Commission on Audit (COA) to provide guidelines on the implementation of Section 23 of the General Provisions of Republic Act (RA) No. 11639 also known as the General Appropriations Act (GAA) for Fiscal Year (FY) 2022 relative to the increase in the capitalization threshold from 15,000.00

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[Featured Circular] DBM-COA Policies on Flexible Work Arrangements for COS and JO workers in the Government

September 15, 2022 •

What is the Circular for? The Department of Budget and Management (DBM) and the Commission on Audit (COA) jointly issued DBM-COA Joint Circular No. 1, s. 2022 to provide guidelines on the adoption of flexible work arrangements for contract of service (COS) and job order workers in the government. Purpose Since government agencies are beginning

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How to compute monetization of leave credits?

February 4, 2024 • • 2 Comments

Question/Topic: A national government employee, SG 19 (P49,835.00) requested to monetize his 30 days leave credits. The agency Accountant certified that there is available Personnel Services allotment to cover the request and the agency head approved the payment of the same. How much will the employee receive for his monetized leave credits? Answer The formula

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