Government Accountants, Budget Officers, Treasurers and Auditors’ Forum
[ad_1] Hello po Admin! I would like to know the real concept of CONAP (#Continuing #Appropriations). Saklaw ba sa CONAP ang mga #unobligated expenses na na-incur sa #prior #years? Example: If may training expenses na na-incur sa 2018, peru hindi …
Learn 10+ budgeting terminologies that most accountants, budget officers and even state auditors often interchange their meaning.
Simply explained, you incur obligations when the pizza is served or delivered to you while disbursements happen when you pay for the pizza.
If appropriation is a whole pizza, allotment represents a slice of the pizza.