Post Views: 691 Are delivery receipts mandatory requirement for the payment of goods purchased? View Answers
Are delivery receipts mandatory requirement for the payment of goods purchased? Read More »
Post Views: 700 Tanong po. Pwede po ba bayaran ang govt remittance (gsis/philhealth/pagibig) through petty cash kahit less than 1k lang naman? Thanks. View Answers
Q: Hello. Just asking is it proper that budgeting and accounting function should be managed by the Budget Officer of the Department?
Accountant na, Budget Officer pa. Pwede ba yun? Read More »
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How many days should an Audit Observation Memorandum (AOM) be replied with? Read More »
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.
When to capitalize interest (borrowing cost) from a loan? Read More »
Post Views: 13,104 The Government Accounting Manual (GAM) for National Government Agencies defines obligation as: Obligation is an act of a duly authorized official which binds the government to the immediate or eventual payment of a sum of money. Obligation maybe referred to as a commitment that encompasses possible future liabilities based on current contractual
This easy to understand guide answers the following questions:
– What is Honoraria?
– Who can be paid honoraria and for what condition?
– What constitutes “successfully completed procurement projects”?
– Is the payment of honoraria applicable to all kinds of procurement projects?
– Are all government personnel involved in government procurement entitled to honoraria?
– Whose personnel who are involved in government procurement are not entitled to honoraria?
– Where to get funds for the payment of honoraria i.e., funding source?
– What’s the definition of savings as far as the grant of honoraria for personnel involved in government procurement is concerned?
The BTMS has the capability to generate standard forms such as Procurement Request (PR), Purchase Order (PO), Budget Utilization Request and Status (BURS), Disbursement Voucher (DV), and Journal Entry Voucher (JEV), among others.
Additionally, the BTMS can also generate budget and financial accountability reports (BTMS) and financial statements, both on a consolidated and disaggregated format.
