Accounting 101

What are EXTRAVAGANT Expenditures (according to COA)

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What does it mean by “fair presentation” of financial statements?

Answer According to Section 15, Chapter 2 of the Government Accounting Manual for National Government Agencies, fair presentation requires: faithful representation of the effects of transactions, other events, and conditions in accordance with the definitions and recognition criteria for assets, liabilities, revenue, and expenses set out in PPSAS. Financial statements shall not be described as

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Hi. How much po would it cost for an agency to avail COA’s ENGAS and EBUDGET systems? Kahit estimate…

[ad_1] Hi. How much po would it cost for an agency to avail COA’s ENGAS and EBUDGET systems? Kahit estimate lang po. Thank you. [ad_2] Join our Facebook Group to get full access to answers and comments to this question. Note: You may view some of the comments/answers to this question below.

Hi. How much po would it cost for an agency to avail COA’s ENGAS and EBUDGET systems? Kahit estimate… Read More »

Quick Guide: What is considered as actual work performance in the grant of RATA?

Legal Basis This guide is based on the following Circulars: For National Government Agencies (NGAs), State Universities and Colleges (SUCs), Government-owned or Controlled Corporations (GOCCs) and Government Financial Institutions National Budget Circular No. 548, s. 2013 — Amended Rules and Regulations on the Grant of Representation Allowance and Transportation Allowance (RATA) For Local Government Unit

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Local Budget Circular No. 146: Guidelines on the Release and Utilization of the Local Government Support Fund-Growth Equity Fund (LGSFGEF) under the F

Local Budget Circular No. 146: Guidelines on the Release and Utilization of the Local Government Support Fund-Growth Equity Fund (LGSFGEF) under the FY2022 General Appropriations Act (GAA), Republic Act (RA) No. 11639 Download: https://dbm.gov.ph/wp-content/uploads/Issuances/2022/Local-Budget-Circular/LOCAL-BUDGET-CIRCULAR-NO-146-dated-July-7-2022_final.pdf [ad_1] Click here to visit our Facebook Page and view all the comments to this question. [ad_2]

Local Budget Circular No. 146: Guidelines on the Release and Utilization of the Local Government Support Fund-Growth Equity Fund (LGSFGEF) under the F Read More »

Local Budget Circular No. 147: Adoption of the Enhanced Public Financial Management Assessment Tool (PFMAT) For Local Government Units (LGUS) and its

Local Budget Circular No. 147: Adoption of the Enhanced Public Financial Management Assessment Tool (PFMAT) For Local Government Units (LGUS) and its Electronic Version Download via the DBM website: https://dbm.gov.ph/wp-content/uploads/Issuances/2022/Local-Budget-Circular/LOCAL-BUDGET-CIRCULAR-NO-147-DATED-JULY-29-2022.pdf [ad_1] Click here to visit our Facebook Page and view all the comments to this question. [ad_2]

Local Budget Circular No. 147: Adoption of the Enhanced Public Financial Management Assessment Tool (PFMAT) For Local Government Units (LGUS) and its Read More »

Cake and Carwash: Can they be charged against the Petty Cash Fund?

Sender: 1. Pwede ba i-charge sa PCF ang cake? Considered ba ito as extravagant though p500+ lng ang halaga? Meron nman attendance pero generic ang agenda.. basta nakalagay “meeting with the xxxxx” 2. Pwede din ba i-charge sa pcf ang car wash? 3. Is there specific guidelines para i-disallow ‘to outright? [ad_1] [custom-facebook-feed type=status featuredpost=1148645448612090_pfbid0W6chKzHH7SwkwLxwnATJYnVfKykSAgdmwW2mnnkkk2w8CKMMsJKtmfb6E5jZAvU9l

Cake and Carwash: Can they be charged against the Petty Cash Fund? Read More »

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