Government Accountants, Budget Officers, Treasurers and Auditors’ Forum
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 far as other LGU’s practice sa budget nman nang gagaling. Thank you in advance po Click the comment button to read the responses to this question. Post Views: 963
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 all funds, obligations, and disbursements were all properly accounted for. But do you know that it’s very easy to spot if your BFARS are erroneous by merely reconciling specific parts of the BFARs? Below we give you shortcuts and simple techniques to check if your BFARs are correct and consistent with each other. But before we proceed, let us enumerate...
Check if your are submitting the required BFARs. Check also if you are submitting them on the new prescribed reporting timelines.
Follow this forum and learn how to prepare FAR 1 and FAR 1-A straight from real government accountants, budget officers and state auditors.
Simply explained, you incur obligations when the pizza is served or delivered to you while disbursements happen when you pay for the pizza.
Understand and prepare your BFARs more effectively.