What is Capitalization Threshold? What does it mean by Capitalization Threshold? Capitalization Threshold refers to the monetary value at which an entity elects to capitalize tangible assets that are used in operations and that have initial useful lives extending beyond a single reporting period. COA Circular No. 2022-004 dated May 31, 2022 How much is the current Capitalization Threshold of the Philippine Government? The latest capitalization threshold of the Philippine government is at ₱50,000.00 pursuant to Section 23 of the General Provisions of the FY 2022 General Appropriations Act (GAA), subject to the guidelines issued by the Commission on Audit (COA). You May Like to Read https://gabotaf.com/2022/09/17/coa-circular-no-2022-004-guidelines-on-increasing-the-capitalization-threshold-for-ppes-from-15000-00-to-p50000-00/ Post Views: 3,286 Related Posted on 19 Sep 2023 Posted in Accounting 101 About GABOTAF Government Accountants, Budget Officers, Treasurers and Auditors’ Forum
5 Effective Tips in Answering AOM GABOTAF Posted on 3 Aug 2024 Posted in Accounting 101 Tagged with GABOTAF 1. State the Facts and Support them with Evidence. What makes an auditor question a financial transaction is when it is not supported with complete…
Unveiled: The Top 10 Telltale Signs You’ve Transformed Into a Seasoned Government Accountant! You Won’t Believe #6! GABOTAF Posted on 15 Jun 2024 Posted in Accounting 101, General Information Tagged with Accountant In this eye-opening article, we reveal the top 10 signs that indicate you have truly mastered the art of government accounting.