FAQs — Budget and Financial Accountability Reports (BFARs)
This is a compilation of our forums pertaining to BFARs.
Tag: How To Prepare BFARS
LGU: Sino dapat mag-prepare ng SAOB, Accountant o Budget Officer?
Good day po! Ask ko lng sino po ba ang obliged for maintaining and issuance of saob ng LGU? Budget or Acctg? May I know also the legal basis. As per our coa advice kasi sa acctg daw but as …
LGU: Sino dapat mag-prepare ng SAOB, Accountant o Budget Officer? Read more »
5 Simple Techniques to Spot Errors in your BFARs (Budget and Financial Accountability Reports)
Preparing your Budget and Financial Accountability Reports (BFARs) is acceptably difficult, especially if your agency is receiving numerous funds from different sources. (Kudos to all Government Accountants and Budget Officers who do this!) What’s more difficult is to check if …
![G/Auditing: What consists a complete set of Budget and Financial Accountability Reports [BFARS]?](https://i0.wp.com/gabotaf.com/wp-content/uploads/2018/09/img_0321.jpg?fit=2270%2C1124&ssl=1)
G/Auditing: What consists a complete set of Budget and Financial Accountability Reports [BFARS]?
Check if your are submitting the required BFARs. Check also if you are submitting them on the new prescribed reporting timelines.
G/Accounting: How to Prepare FAR 1 and FAR 1-A? What amount of obligations and disbursements should be included?
Follow this forum and learn how to prepare FAR 1 and FAR 1-A straight from real government accountants, budget officers and state auditors.
What’s the difference between Obligations and Disbursements?
Simply explained, you incur obligations when the pizza is served or delivered to you while disbursements happen when you pay for the pizza.
10 VALUABLE TIPS IN PREPARING YOUR BUDGET AND FINANCIAL ACCOUNTABILITY REPORTS (BFARS)
Understand and prepare your BFARs more effectively.