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 complying with PPSASs unless they comply with all the requirements of PPSASs. The application of PPSAS, with appropriate disclosures, if necessary, would result in fair presentation of the Financial Statements. Source: Government Accounting Manual for National Government Agencies, Commission on Audit Update In 2021, the...
[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. Post Views: 809
Sender: Good afternoon po. Mayroon po bang specific policy para sa pagrelease ng BIR Form No. 2316 for separated employee? May resigned employee (no clearance yet) po kasi kami na nagrerequest ng BIR 2316 nya for CY 2022, however, ang advise po sa akin ng incharge sa department, for CY 2021 lang daw po ang pwede nila ibigay dahil hindi pa tapos ang taon, annually daw po ang pag release nila kaya yung for this year ay sa 2023 pa. Thank you po. === [ad_1] === Click here to visit our Facebook Page and view all the comments to this...
For more information, scan the QR code or follow this link: https://tinyurl.com/PPSCCL1B8Info For registration details, please contact: Ms. Cherie Amor P. Urpiano Course Coordinator, CLSU PPSCC 0995-928-2291 *This is not a sponsored post. [ad_1] Click here to visit our Facebook Page and view all the comments to this question. [ad_2] Post Views: 725
Is reimbursement of fuel used allowed if private vehicle was used for a government transaction? Is there a COA Circular allowing reimbursement of expenses on repair of private vehicle used for official functions? Hiring of a job order to drive the private vehicle of a government official: is it allowed? ••• [ad_1] ••• Is a government employee (driver) allowed to drive the private vehicle of a government official who was not issued a service vehicle? Are government employees allowed to claim “equivalent fare” when they use their private vehicle during official travel/ official business? Post Views: 2,190
Sender: For the direct procurement of Petroleum, Oil and Lubricant (POL), is this applicable only to below 50k total purchases per month? How do you procure your office’s POL given the current situation where fuel increases massively? ••• [ad_1] ••• Click here to visit our Facebook Page and view all the comments to this question. [ad_2] Post Views: 955
Are government agencies allowed to use their excess cash allocation (which is about to revert) for next month’s expenditures? What DBM Circular limits the number of MDS Check issued by the Bureau of the Treasury (BTr)? Post Views: 959
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 (LGUs) Local Budget Circular No. 103, s. 2013 — Amended Rules and Regulations on the Grant of Representation Allowance and Transportation Allowance What is CONSIDERED as actual work performance? For purposes of granting representation allowance and transportation allowance (RATA), the following instances are construed as...
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] Post Views: 732
