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    COA RULES

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    COA RULES

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    19 views115 pages

    COA C2013-002 AnnexA pp1-115

    Uploaded by

    CoreyCalandada
    COA RULES

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 115
    ‘Annex A ‘THE REVISED CHART OF ACCOUNTS For National Government Agencies. ‘A. CODING SCHEME 1, Codes are assigned to account groups to facilitate location of accounts in the general and sub: lary ledgers, to provide systematic arrangement and Classification of accounts and facilitate preparation of the consolidated financial reports as follows: ‘od waavel Account Groups Assets abilities Equity income Expenses 2. The account code structure consists of eight (8) mandatory digits as follows: 2a 2.2 23 9 “0000 0’ Account Group oa Major Account Group | | ai Account Group represents the accounts classification as to assets, liabilities, equity, income and expenses. ‘Sub-Major Account Group General Ledger Accounts General Ledger Contra-Accounts Major account group represents classification within the account Broup, e.g. for assets major accounts: cash and cash equivalents, investments, receivables, inventories, investment property, etc. Sub-major account group represents classification within the major account, e.g. for cash and cash equivalents: Cash on Hand, Cash in Bank-Local Currency, Cash in Bank-Foreign Currency, ete. oo 2.4 General ledger (GL) accounts represent the accounts to be presented in the detailed financial statements, e.g. Cash-Collecting Officer, Petty Cash, etc, This is composed of two (2) segments. The first two digits from left is the GL code and the last digit is reserved for contra accounts like, Allowance for Impairment, Accumulated Depreciation. 2.5 Coding of assets with and without contra accounts shall be as follows: Asset without Contra Account 20101 ov’ Asset | Cash and Cash Equivalents Cash on Hand Cash Collecting Officer General Ledger Contra-Accounts Asset with contra account 1’ 1 Ot Asset capeea Receivables Loans and Receivable Accounts Accounts Receivable Allowance for Impairment - Accounts Receivable ae . LIST OF THE REVISED CHART OF ACCOUNTS. For National Government Agencies (Covering SAS | — IPSAS 2, 28, 298 30 1PSAS 2,28, 298 30 IPSAS 2, 4,28, 29, 230 IPSAS 2, 28, 208 30 IPSAS 28,298 30 IPSAS 28, 29 8 30, IPSAS 28, 29 8 30, Ipsasoa7 Assets o a ot ot ot or ot ot ot o 0 ot o ot o ot ot ot ot ot a oa a a a o a a o o a a a 02 02 02 02 02 0 02 2 ‘ACCOUNT THLES and CODES “ASSETS ‘Cash and Cash Equivalents o o o 02 02 02 02 2 ro 3 cy 3 3 4 on on 04 04 o4 04 08, 05 Cash on Hand 010 Cash Collecting Officer 020. Petty Cash Cash In Bank - Local Currency 10 Cash in Bank - Local Curency, Bangko Sentral Ng Plpinas 1020 Cash in Bank - Local Cureney, Current Account (030 Cash in Bank - Local Curency, Savings Account (040 Cash in Bank - Local Currey, Time Dapasts Cash in Bank - Foreign Currency (010 Cash in Bank Foreign Curtency, Bangka Sentral No Pilipinas (020 Cash in Bank - Foreign Curreney, Current Aecount (030 Cash in Bank - Foreign Currency, Savings Account (040 Gash in Bank - Foreign Currency, Time Deposits ‘Treasury/Agency Cash Accounts 10 Cash - TreasuryiAgency Depost, Regular 020. Cash -TreasuryiAgency Depost, Speci 030 Cash TreasuryiAgency Depast, Trust 040 Cash Modifad Disbursement System (MDS), Regular 50 Cash - Modified Disbursement System (MOS), Special Account 080 Cash - Mediied Disbursement System (MDS), Trust Cash Equivalents 010 Treasury Bis ‘Account Investments ot ot ot ot a a a a a2 02 02 02 2 2 0 03 o a 04 of 04 Financial Assets at Fair Value Through Surplus or Deficit (010 Financial Asseis Held for Trading (020 Financial Assets Designated at Fair Value Through Surplus or Deficit 020 _Detivative Financial Assets Held for Trading (040 Derivative Financial Assets Designated at Fair Value Through Surplus or Dei Financial Assets - Held to Maturity 010 Investments In Treasury Bilis - Local 011 Allowance for Impairment - Investments in Treasury Bills - Local (020 Invasiments in Treasury Bs - Foreign 021 Allowance for impairment - Investments in Treasury Bille - Foreign 030 Invesiments in Treasury Bonds-Local (031 Allowance for impairment - Investments in Treasury Bonds - Local (040 investments in Treasury Bonds - Foreign (041 Aiowance for mpaiment - Investments in Treasury Bonds - Foreign Financial Assets - Othere (010 lavesimenis in Stocks (020 Investments m Bonds 990 Other Investments Investments in Goces 010 Investments in GOCCs ‘11 Allowance for impairment - Investments in GOCCs (Coverng iPSAS. IPSAS B IPsas7 Ipsas7 IpSas 28, 294 30 Ipsast IpsAs 12 a a oe a geR8 0 3 03 0 03 a o oe oe 3 3 3 3 03 03 03 03 03 3 oe 3 oe cy % 03 3 03 03 03 3 ry 4 of gaggsaee ‘RECOUNT THLES and CODES Tavestmonts In Joint Venture (010 Investments In Joint Venture 011 Alowance for Impairmant Investments in Jont Venture Investments in Associates 010 Investments in Associates (11 Allowance for impeirment - Investments in Associates Sinking Fund 010 Sinking Fund Receivable a a a1 a a a a a 1 ot a ot ot ot o 2 o a a 03 03 03 03 03 4 oe 0 0 of 05 05, 05 05 05 05, Loans and Recelvable Accounts 010 Accounts Receivable (O11 Allowance for mpaiment - Accounts Receivable (020 Notes Receivable (021 Allowance for Impaiment - Notes Receivable (020 Loans Receivable - Gavernment-Owned and/or Controlled Corporations (031 Allowance for impairment - Loans Receivable - Government.Owned anclor Conioled Corperstions (040 Loans Receivable - Local Government Units (041 Allowanea for Impairment - Loans Receivable - Local Government Units 060 Interests Receivable (081 Allowance for impairment - Interests Receivable (060 Dividends Recewable 880 Loans Receivable - Others {991 Allowance for impairment - Loans Receivable - Others Lease Recelvable (010 Operating Lease Receivable 11 Allowance for impairment - Operating Lease Receivable (20 Finance Lease Receivable (021 Allowance for impairment - Finance Lease Receivable Inter-agoncy Receivables (010 Due fam National Government Agencies (020 Due fom Government-Oures andor Controlled Corporations (030 Due fram Local Government Units (040 Ove fom Jolnt Venture Intra-Agoncy Receivables 010 Due fom Central Office 020 Due from Bureaus (030 Due trom Regional Offices (040 Due from Operating Units ‘Other Receivables (010 Racevables -Disallowances/Charges (020 Due from Officers and Employees (030 Due from Non-Government Creanizations/People's Organizations 990 Other Receivables 991 Allowance for impairment - Other Recelvables Invontorles ot ot Inventory Held for Sale 010 Merchandise Inventory be (Coe PSS "ACCOUNT TITLES and CODES. T0402 Inventory Held for Distribution 104 02.010. Food Suppfes for Distribution 1 08 02 020. Welfare Goods for Dstibution 104 02 030 ._Drugs and Madicnes for Distribution 4 04 02 040 Medical, Dertal and Laboratory Supalies for Distribution 10% 02 050. Agricultural anc Marine Supple for Distribution 104 02 080 Agricultural Produce for Distution 4 0 02. G70 Textbooks and Instructional Materials for Distrbutlon 104 G2 080 Construction Materials for Distribution 104 G2 080 Property and Equipment for Dstrbution 1 04 G2 990 Other Supplies and Materials for Distribution PSAs 12 104 03. Inventory Held for Manufacturing 10% 03. 010 RawMateriais inventory 1 04 03. 020. Worksn-Process Inventory 1 4 03. 030. Finished Goods Inventory Ipsas 12 1 04 04 Inventory Held for Consumption 1 04 04 010 Office Supplies Inventory 1 04 04 G20 Accountable Forms, Plates and Stickers Inventory 104 04 030. Non-Accountable Ferms Inventory 4 04 0 040 Animal Zoclogicl Supplies Inventory 1 G4 0 050 Food Supplies Inventory 1 G4 04 060 Drugs and Medicines Inventory 106 04 G70 Medical, Cental and Laboratery Supplies Inventory 104 04 080 Fuel, Ciland Lubricants Inventory 104 04 090 Agricutura and Marine Supplies Inventory 4 0 04 100 Textbooks and Insituctional Materials Inventory 4+ 04 04 110. Miltary, Police and Trafic Supplies Inventory 4 G4 04 120 Chemical ana Filtering Supplies Inventory +04 04 130 Construction Materials Inventory 104 04 980 Cther Supplies and Materials inventory IPSAS 16 105 Investment Property 108 01 Land and Buildings {05 01 010 Invastmant Property, Land 1 05 01 011 Accumulated Impairment Losses - Investment Property, Land +05 01 020. Investment Property, Buidings 1 05 01 021 Accumulated Depreciation - Investment Property, Buildings 405 01 022 Accumulated Impairment Losses - Investment Property, Buildings IPSAS17& 21 108 Property, Plant and Equipment 106 Of Land 106 01 010 Land 108 02. Land improvements 1 08 02 010 Land Improvements, Aquaculture Structures 1 08 02011 Accumulated Depreciation - Land Improvements, Aqueculture Structures 108 02 012 Accumulated Impairment Losses - Land Improvements, Aquaculture ‘Structures 108 02 020 Land Improvements, Reforestation Projects 1 08 02 G21 Accumulated impairment Losses - Lend Improvements, Reforestation Projects 1 05 02 990. Other Land Improvements 1 08 02 994 Accumulated Depreciation - Other Land Improvements 10802 992 Accumulated Imparment Losses - Other Land Improvements (Covering PERS IPSAS 178 21 PSAs 17.& 21 T BRISFSSSSFSSSSSSSRBRRSASSIRFSSKRKSRSRASRSB! BSSSBSRRRR 03 03 a 3 3 3 03 03 0 03 3 03 03 03 03 3 a 3 03 03 0 03 3 ao 4 4 04 0 04 06 04 0 oe 4 4 0 o “ACCOUNT TITLES and CODES Tnfrasiructure Assets 010 Road Networcs 011 Accumulated Depreciation - Roed Networks 012 Accumulated Impairment Losses - Road Networks 020 Flood Control Systems (021 Accumulated Depreciation - Flood Control Systems (022 Accumulated impaiment Losses - Flood Control Systems 030 Sewer Systems 031 Accumuleted Depreciation - Sewer Systems 032 Accumulated Impairment Losses - Sewer Systems (040 Water Supply Systems (041 Accumulated Depreciation - Water Supply Systems (042 Accumulated Impairment Losses - Water Supply Systems 050 Power Supply Systems 051 Accumulated Depreciation - Power Supply Systems 052 Accumulated impairment Losses - Power Supply Systems (060 Communication Networks 081 Accumulated Depreciation - Communication Networks (062 Accumulated impairment Losses - Communication Networks 070 Seepor Systems 71 Accumulated Depreciation - Seeport Systems 072 Accumulated Impairment Losses - Segport Systems (080 Airport Systems 081 Accumulated Depreciation - Airport Systems 082 Accumulated Impairment Losses - Aiport Systems 090 Parks, Plazas and Monuments (091 Accumulated Depreciation - Parks, Plazas and Monuments (082 Accumulated Impairment Losses - Parks, Plazas and Monuments 980 Other infrastructure Assets 991 Accumulated Depreciation - Other Infrastructure Assets 1992 Accumulated Impairment Losses - Other Infrasructure Assets Buildings and Other Structures 010 Buldings 011 Accumuteted Depreciation - Buildings 012 Accumulated impairment Losses - Buildings 020 School Buleings 021 Accumulated Depreciation - Schoo! Buildings 022 Accumulated impaimment Losses - Schoo! Buildings (030 Hospitals and Heath Centers 031 Accumulated Depreciation - Hospitals end Health Centers 032 Accumulated Impsiment Losses - Hospitals anc Health Centers 040 Markets (041 Accumulated Depreciation - Markets (042 Accumulated Impaiment Losses - Merkets (050 Slaughterhouses 051 Accumulated Depreciation - Sleughterhouses 052 Accumulated Impairment Losses- Slaughterhouses 960 Hostels and Dormitories 081 Accumulated Depreciation - Hostels and Dormitories (062 Accumulated Impament Losses - Hostels and Dormitories 980 Other Structures 991 Accumuleted Depreciation - Other Stuctures (Cavemng PSS] “ACCOUNT TITLES and CODES 708 0 G02 Accumulated Impairment Losses - Other Structures IPSAS17& 21 1 06 05 Machinery and Equipment 1 08 05 O10 Machinery 408 05 017 Accumulated Depreciation - Machinery 406 05 012 Accumulated Impairment Losses - Machinery 106 05 020 Office Equiement 1 06 05 021 _Accumuisted Depreciation - Office Equement + 06 8 022 Accumulated impsirment Losses - Office Equipment 1 06 05 030 Information and Communication Technology Equipment 106 05 037 Accumulated Depreciation - Information and Communication Technology Equipment 105 05 032 Accumulated Impairment Losses - Information and Communication Technology Equipment 406 05 040 Agricutural and Forestry Equipment 1 05 05 041 Accumulated Depreciation -Agricutural and Forestry Equipment 1 06 08 042 Accumulated Impairment Losses - Agriculture! and Foresty Equipment 105 ©5050 tarine ang Fishery Equipment 1 06 05 051 Accumulated Depreciation - Marne and Fishery Equipment 1 06 05 052 Accumulated impairment Losses» Merie and Fishery Equipment 105 05 060 Aiport Equipment 108 05 06% Accumulated Depreciation - Airport Equioment 108 05 062 Accumulated impaitman! Losses - Alport Equiement 408 05.070. Communication Equipment $06 05 071 Accumulated Depreciation - Communication Equipment 108 05.072 Accumulated impairment Losses - Communication Equipment 108 95 080 Construction end Heavy Equipment 108 05 081 Accumulated Depreciation - Construction and Heavy Equipment 108 05 082 Accumulated impairment Losses - Construction and Heavy Equipment 4 08 05 090. _Disaster Response and Rescue Equipment 408 05 094 Accumulated Depreciation - Disaster Response and Rescue Equipment 108 05. 092 Accumulated impairment Losses - Disaster Response and Rescue Equioment 1 08 05 100. Military, Police and Security Equipment 1 08 05 101 Accumulated Depreciation - Miltary, Poce and Security Equipment 108 05 102 Accumulated impairment Lasses - Miltary, Police and Secumly Equipment 108 95 110. Medical Equipment 108 05147 Accumulated Depreciation - Medica! Equipment 105 05 112 Accumulated impairment Losses - Medical Equipment 108 05 120. Printng Equipment 1 08 05 121 Accumulated Depreciation - Printing Equipment 108 05 122 Accumulated impairment Losses - Printing Equipment 1 05 05.130. Sports Equipment 1 08 05 131 Accumulated Depreciation - Spare Equipment 108 05 132 Accumulated impairment Losses - Sports Equipment 108 05.140 Techniest ana Scientifc Equipment 4 05 05 141 Accumulated Depreciation - Technical and Scientific Equipment 4 08 05.142 Accumulated impairment Lasses - Technical and Scientif. Equipment 108 05 990 Other Machinery and Equipment 1 08 05 991 Accumulated Depreciation - Other Machinery and Equipment 108 05 $92 Accumulated impairment Losses - Other Machinery and Equipment IPSAS17& 21 1 06 08 Transportation Equipment 1 08 06 010 Motor Vehicies 1 06 06 011 Accumulated Depreciation - Motor Venicies 108 06 012 Accumulated imeairment Losses - Motor Vei (Ceverng IPSAS IPSAS17& 21 IPSAS 13. IPSAS 13 IPSAS 13.817 Ipsas 17 I BIRBRRRR 020 oat 22 030 037 032 040 oat 042 980 991 992 ‘ACCOUNT TITLES and CODES Trains ‘Accumulated Depreciation - Trains ‘Accumulated Impairment Losses - Trains Alreratts end Alrcrafts Ground Equipment ‘Accumulated Depreciatan - Aircrafts and Alrerafs Ground Equipment ‘Accumulated Impairment Losses - Aircrafts and Airerafts Ground Equioment Watercrafts Accumulated Depreciation - Watercrafts ‘Accumulated Impairment Losses - Watercrafts Other Transportation Equipment ‘Accumulated Depreciation - Other Transportation Equipment ‘Accumulated Impairment Losses - Olher Transportation Equipment Furniture, Fixtures and Books o10 on or 020 oat ze Furiture and Fixtures ‘Accumulated Depreciation -Fumiture and Fixtures ‘Accumulated impairment Losses - Furniture and Fixtures Books. ‘Accumulated Depreciation - Books Accumulated impairment Losses ~ Books Leased Assets 910 020 oet 022 030 oat 032 40, ost oaz 950 901 992 Leased Assets, Land Leased Assets, Buildings and Other Structures Accumulated Depreciation - Leased Assets, Buildings and Other Structures ‘Accumulated impairment Losses -Leased Assets, Buildings and Other ‘Structures Leased Assets, Machinery and Equipment Accumulated Depreciation - Leased Assets, Machinery and Equipment ‘Accummutated impairment Losses - Leased Assets, Machinery and Equipment Leased Assets, Transportation Equipment ‘Accumulated Depreciation - Leased Assets, Transportation Equipment ‘Accumulated Impairment Losses - Leased Assets, Transportation Equipment Other Leased Assets ‘Accumulated Depreciation - Other Leased Assets Accumulated Impairment Losses - Other Leased Assets Leased Assets Improvements oto ont on 020 o2t 022 ‘900 997 992 Leased Assets Improvements, Land Accumulated Cepreciation - Leased Assets improvements, Land ‘Accumulated Impairment Losses - Leased Assets Improvements, Land Leased Assets Improvements, Bullaings Accumulated Depreciation - Leased Assets Improvements, Buildings ‘Accumulated impairment Losses - Leased Assets Imorovements, Buildings Other Leased Assets Improvements Accumulated Depreciation - Other Leased Assets Imorovements, ‘Accumulated Impairment Losses - Other Leased Assets Improvements Construction In Progress o10 020 030 040 050. Construction in Progress - Land Improvements Construction in Progress - Infrastructure Assets Construction in Progress - Buildings and Other Structures Construction in Progress - Leased Assets Construction in Progress - Leased Assets Improvements Herltage Assets oro ont Histoseal Buildings Accumulated Depreciation - Historical Buildings (Caenng PSS, ‘RECOUNT THLES and CODES 70677 Gf2 Accumulated Impairment Losses - Historical Bulaings 108 11 020. Works of arts and Archeological Specimens 1 08 11624 Accumulated Depreciation - Works of Ars and Archeologicl Specimens 1 06 11 622 Accumulated imeaimment Losses - Werks of Arts and Archeological ‘Specimens 1 06 11 960. Other Heritage Assets 1 08 11 991 Accumulated Depreciation - Other Heritage Assets 406 11 992 Accumulated imoairment Losses - Other Hentege Assets Ipsas 17 4 08 88 Other Property, Plant and Equipment 106 98 G10 WorkZa0 Animals 1 06 $8 OFF Accumulated Depreciation - Wark/Zo0 Animals 1 06 88 012 Accumulated impairment Losses - Werk/Zeo Animals 1 06 €8 990 Other Propery, Plant and Equipment 1 06 89997 Accumulated Depreciation - Other Property, Plant and Equipment 1 06 98 992 Accumulated impairment Losses - Other Propery, Plant and Equipment 107 Biological Assets \Psas27 1 07 Ot Bearer Biological Assets 1 OT Of 010 Breeding Stocks 1 OT OF oft Accumulated Impsinment Losses - Breeding Stocks 107 01 020. Livestock 1 OT Of 021 Accumulated Impairment Losses - Livestock 407 01 030. Trees, Plants and Crops 1 G7 01 031 Accumulated impairment Losses - Trees, Plants and Crops 4107 01 040 Aquacuture 407 01 ot Accumulated Impairment Losses - Aquacuiture 1 07 01 900 Other Bearer Bloleical Assets 1 07 01 991 Accumulated Impairment Losses - Other Bearer Biological Assets 1 07 02. Consumable Biological Assets 1 07 2 010 Livestock Held for ConsumplionSaleDistrbution 1 07 02 OFF Accumulated impairment Losses - Livestock Held for Consumption/Saie/Distribution 4 97 2 020. Trees, Panis and Crops Held for Consumption/Sale/Distibution 107 02 G24 Accumulated impairment Losses - Trees, Plants and Crops Meld for CConsumpter/Sale/Distroution 1 07 02 030. Agricultural Produce Held for Consumption'Sale/Distbution 1 OT 02 03% Accumulated impaiment Losses - Agricultural Produce Held for Consumption SaleDstibution 107 02 040 Aquacutture 107 62044 Accumulated Imparment Losses - Aquaculture 107 02. $80. ther Consumable Bologieal Assets 107 02.991 Accumulated Impairment Losses - Other Consumable Biological Asse IPSAs3t 1 08 Intangible Assets 108 01 Intangible Assets 108 01 O10 Patente/Copyrights 10801 OFF Accumulated Amortization -Petents/Copyrights 108 01 020 Computer Sofware 1 08 01 021 Accumulated Amortization - Computer Software 4 08 01 990. Other intangible Assets - 108 01 99% Accumulated Amorization - Other intangible Apsp (Coreg PEAS I "AGCOUNT TITLES and CODES. IPSAS 28, 29 & 30 ‘99 Other Assate 9901 Advances 99 0} 010 Advances for Operating Expenses 99 01 020 Advances for Payroll 99 01 020 Advances to Special Disbursing Officer 98 01 040 Advances fo Officers ans Employees 99 02. Prepayments. 99 02 010 Advances to Contractors 99 02 020 Prepaid Rent 99 02 030 Prepaid Registration 99 02 040 Prepaid Interest 99 02050 Prepaid insurance 99 02 990 Other Prepayments 99 03. Deposits 98 03 010 Deposit on Leters of Creit 99 03 020 Guaranty Deposits 99 03 990 Other Deposits 99 98. Other Assets 99 99 O10 Acquired Assets 99 98 0/7 Accumulated Impsiment Losses - Acquired Assets 99 99 020 Foreclosed Property/Assets 99 99 021 Accumulated Impairment Losses - Foreclosed PropertyAssets 99 99 030. Forfetes Propery/Assets 99 98 031 Accumulated Impairment Losses - Forfolted Property/Assots 88 98 040 Confscated Propery/Assets 89 88 047 Accumulated impairment Losses - Confiscated Property/Assets 99 99 050 Abandoned Propery/Assets 99 89 051 Accumulated Impairment Losses - Abandoned Property/Assets 99 99 990 Other Assets 99 99 991 Accumulated Impsiment Losses - Other Assets LIABILITIES, Liabilities 01 Financial Liabilities 01 01 Payables Ot 01 010 Accounts Payable Of 01 020 Due to Officers and Employees 0% 01 030. intornal Revenue Allotment Payable Ot 01 040 Notes Payabie 01 01 050. Intorest Payabio 0% 01 080 Operating Lease Payable 0% 01 070 Finance Lease Payable 0% 01080 _Awards and Rewards Payable 01 02 _BilisBonds/Loans Payable 01 02010 Treasury ills Payable 01 02.020 Bonds Payable - Domestic 01 02 921 Discount on Bonds Payable - Domestic 01 02 022 Premium on Bonds Payeble - Domestic 01 02. 030 Bonds Payable - Foreign 01 02 031 Discount on Sond Payable - Foreign 01 02 032 Premium on Bonds Payable - Foreign 01 02040 Loans Payable - Domestic 01 02. 050 Loans Payable - Foreign 10 (Covering SAS] ‘AGGOUNT THLES and CODES: Ipsas 23 2 02. Inter-Agency Payables 2 02 01 Inter-Agency Payables 2 02 01 010 DuetoBIR 2 02 01 020 DuetoGsis: 2 02 01 030 Dust PagABIG 2 02 01 G40 Due toPhiteatn 2 02 01 050 Due toNGAS 2 02 01 060 DuetoGoccs 2 02 01 070 OuetoLGUs 2 02 01 080 Dueto Joint Venture IPSAS 23 2 03. Intra-Agency Payables 2 03 Ot Intra-Agency Payables 2 03 01 O10 Due toCental Offce 2 03 0% 020 Dus to Bureaus 2 03 0% 030. Dua to Regional Ofies 2 03 Of 040 Due to Operating Units 2 04 Trust Liabilities ISAs 23, 2 06 Ot TrustLiabilties 2 08 01 O10 Trust Liabittiee 2 04 01 020 Trust Liabilties - Disaster Risk Reduction and Management Fund 2 04 ot 030 Bail Bonds Payable 2 04 01 040 Gusranty/Secuity Deposts Payable 2 04 01 050 Customers’ Deposits Payable 2 05 Deferred Credits/Unearned Income 2 05 01 Deferred Credits IPSAS 19 2 05 01 010 Deferred Finance Lease Revenue IPSAS 19 2 05 01 990 Other Defered Credits 2 05 02 Unearned Revenue 2 08 02 010 Unearned Revenue - Investment Property 2 05 02 990 Other Uneatned Reverue 2 06 Provisions. 2 08 of Provisions IPsas 19 2 08 01 O10. Pension Benefits Payable 2 08 01 020 Leave Benefits Payable 2 08 Ot 030 Retirement Gratuly Payable 2 08 D1 990. Other Provisions 2 Other Payables 2 99 Other Payables IPSAS 28,298.30 2 99 990 Other Payable EQUITY 3 Equity 301 Government Equity 3 01 Ot Government Equity 301 OF O10 Government Equity, o (Covering PSAS, PSAs 23 ISAs 23 Ipsas 23 IPSAs 23 Ipsas23 IPSAS 9 SPessesee "AGCOUNT TITLES and CODES Revaluation Surplus Of Revaluation Surplus Ot O10 Revaluation Surplus Intermediate Accounts Of Intormediate Accounts 01 O10 Income and Expense Summary Equity n Joint Venture Of Equity in Joint Venture 01 010 Equity in Joint Ventre INCOME AND EXPENSES Income ot ot ot or ot ot ot ot ot ot BNL LL ‘Tax Revenue Of Tax Revenue - Individual and Corporation 01 010 Income Tax 01 020. Professional Tax 01 030. Travel Tax 1 040 Immigration Tax 02 Tax Revenue - Property 02 O10 Estata Tax 2 020 Donors Tax 02 030 Capital Gains Tax 03, Tax Revenue - Goods and Services 03 010 Import Duties 03 020 Excise Tax 03 030 Business Tax 03 040 Taxon Sand, Gravel and Other Quarry Products 03 050 Taxon Delivary Vans end Trucks 04 Tax Revenue - Others 04 010 Documentary Stamp Tax 04 020 Motor Vehicles Users’ Charge 04 990 Other Taxes 05 Tax Revenue -Fines and Penalties 05 010 Tax Revenve-Fines and Penates - Taxes on Individual and Corporation 05 020 Tax Revenue - Fines and Penates - Property Taxes. 05 030 Tax Revenue - Fines and Penatles - Taxes on Goods and Services 05 040 Tax Ravenue - Fines and Penates - Other Taxes ‘Service and Business Income 01 Service Income ot 010 Permit Fees 01 020 Registration Foes 01 030 Registration Pates, Tags and Stickers Fees 01 040 Clearance and Cerication Fees 01 050. Franchising Fees 01 080. Licensing Fees (01 070 Supervision and Regulation Enforcement Fees Of 080 Spectrum Usage Fees 01 030 Legal Fees 01 100. Inspection Fees (01 110 Verification and Authentication Fees 2 (Coeing SAS “ACCOUNT THLES and CODES 402 07 720 Passpoa and Visa Fees 4 2 01130 _Processing Fees 4 02 01 140 Fines and Penaities - Service Income 4 02 Of 990 Other Service income. Ipsase 4 02 02 Business Income 4 02 02 010 Schoo! Fe 4 02 02 020 AAfliation Fees 4 02 02 030. Examinatlon Fees 402 02 040 SeminarTralning Fees 4 02 02 050. Renti.ease Income 4 02 02 050 Communication Network Fees 4 02 02 070. Transporiaton System Foes 4 02 02 080 Roed Network Fees 4 02 02 090 Wetenoxks System Fees 4 02 02 100. Power Supply System Fees 4 02 02 110. Seaport System Fees 4 02 02. 120_Landing and Parking Fees 4 02 02. 130. Income frm Hostel/Dormitores and Other Like Facies 4 02 02 140 Slaughterhouse Operation 4 2 02 150 Income from Printing and Publication 4 2 02 160. Sales Revenue 4 2 02 161 Sales Discounts 4 0202 170 Hospital Fees 4 02 02 180 Guarantee Income 4 02 02 190 Fidelity Ineurance Income 4 02 02 200. Dividend Income 4 02 2 210 Interest income 4 02 02 220. Share Inthe Profi of Joint Venture 4 2 02 230 Fines and Penaties - Business Income 4 2 02 990 Other Business Income ISAS 23, 4 03. Assistance and Subsidy 4 03. Of Assistance and Subsidy 4 03 Of 010 Subsidy from National Government 4 03 Of 020. Subsidy from Other National Government Agencies 4 03 Of 030 Assistance trom Local Government Uns 4 03 Of 040 Assistance from Government-Oumed andlor Controled Corporations 4 03 01050. Subsigy trom Other Funds IPSs 23 4 04 Shares, Grants and Donations 4 06 Ot Shares 4 08 Of 010 Share from National Wetth 4 04 OT G20 Share from PAGCORIPCSO 4 04 Of 030 Share from Eamings of GOCCs 4 04 02 Grants and Donations 4 G4 G2_O10 Income trom Grants and Donations in Cash 4 04 02 020 Income from Grants and Donations in Kind 4 08 IPsas 8 408 Gains 405 (010 Gain on Forsign Exchange (FOREX) 405 (020 Gain on Sale of lnvestme 3 (Covemng SAS “RECOUNT THLES and CODES. 4 0 07 080 Gain on Sale of Investment Property 4 08 01 040 Gain on Sale of Property, Plant and Equipment 4 05 01 050 Gain on Intal Recognition of Bislogical Assets 4 05 01 060 Gain on Sale of Blolegical Assets 4 08 01 070 Gain rom Changes in Fair Value Less Cost to Sell of Biological Assets Oue to Physical Change 4 05 Ot 080 Gain tom Changes in Far Value Less Cost to Sell of Biological Assets Due to Price Change 4 05 Ot 080 Gain on Sale of Agrcutural Produce 4 05 0} 100 Gain on Sale of intangible Assets 4 05 0% 980 Other Gains 406 Other Non-Operating Income IPsase 4 06 Of Saleof Assets 4 05 Ot O10 Sale of GarnisnediConfscated/Abandoned/Seized Goods and Properties 5 Expenses Ipsas25 5 Of Personnel Services 5 Of Of Salaries and W: 5 01 01 010 Salaries and Wages - Regular 3 01 01 020 Salaries and Wages - CasuallContractual 5 0 02. Other Compensation 5 01 02 010 Personal Economic Relief Allowance (PERA) 5 01 02 020. Representation Allowance (RA) 5 D1 02. 030 Transportation Allowance (TA) 5 01 02.040. Clothing/Uniform Allowance 5 01 2.050 Subsistence Allowance 5 01 02 060. Laundry Allowance 5 Of 02 070 Queries Allowance 5 01 02. 080 Productviy incentive Allowance 5 01 02 090 Overseas Allowance 5 01 02 100 Honararia 5 01 02 110 Hazard Pay 501 G2 120 Longevity Pay 5 01 2130. Overtime and Night Pay 5 01 a2 140. Year End Bonus 5 ot 02 150 Cashin 5 Ot 02 990 Other Bonuses and Allowances, 5 01 03. Personnel Benefit Contributions 5 Of 03 O10 Retirement and Life Insurance Premiums 5 01 03. G20 Pag BIG Contibutions 5 01 03.030 PhiHeath Contrbutions 5 01 G3. G40 _ Employees Compensation Insurance Premiums, 5 Of G3. G50 _ProvidentWeltae Fund Contrbutions 5 Of 04 Other Personnel 5 01 04 010 Pension Ber 5 01 04 G20 Retirement Gratuity 5 01 04 020 Terminal Leave Benefits 5 01 04 $80 Other Personnel Benefits 5 02. Malntenance and Other Operating Expenses IPSAS 1 5 02 Of Traveling Expenses 5 02 01 010 Traveling Expenses - Loo ha 4 (Covering PSAS: ‘ACCOUNT TITLES and CODES: 3 2 01 G20 Traveling Expenses - Foreign Ipsast 5 02. 02 Training and Scholarship Exponses 5 02 02 O10 Training Expenses 5 0202 020_Seholarship Grants/Excenses IPsAs + 5 02 03. Supplies and Materials Expenses 5 02 G3. 010 Office Suppies Expenses. 5 02 G3. 020 Accountable Forms Expenses 5 02 03. 030 _Non-Accountable Forms Expenses 5 02 03. 040 Animal/Zoological Supplies Expenses 5 02 03. 050 Food Supplies Expenses 5 203 080 Weltare Goods Expenses 5 02 03. 070 Drugs and Medicines Expenses 5 02 03. 080 Medical, Dental anc Laboratory Supplies Expenses 5 02 03. 080 Fuel, Olland Lubricants Expenses 5 02 03. 100 Agricultural and Marine Supplies Expenses 5 02 03. 110 Textbooks and Instructional Materials Expenses: 5 02 03. 120 Miltary, Police and Tratfic Supplies Expenses 5 02 03 130. Chemical and Fiterng Supplies Expenses, 5 02 03 $90 Other Supplies and Materials Expenses. IPSAS 5 02 04 Ultlty Expenses, 5 02 0k 010 Water Expenses 5 02 04 020 Electichy Exrenses IPSASt 5 02 05 Communication Expenses 5 02 05 10 Postage and Courier Services 5 02 05 020 Telephone Expenses 5 02 05 030 Internet Subscription Expenses 5 02 05 040 Cable, Satelite, Telegraph end Radic Expenses S02 08 Awards/Rewards and Prizes 5 02 08 O10 AwardsiRewards Expenses 5 02 08 920 Prizes Ipsas3t 5 02.07. Survey, Research, Exploration and Development Expenses 5 02 07 910 Survey Expenses 5 02 07 020 _Research, Exploration and Development Expenses, PSAs 17 5 02 08 Demoltion/Rolecation and Desiting/Dredging Expenses: 5 02 08 010 Demolition and Relocation Expenses: 5 02 08 020 exiting and Dredging Expenses Ipsas 17 5 02 09 Generation, Transmission and Distribution Expenses 5 02 09 O10 Generation, Transmission and Disinbution Expenses IPsas t 5 02 10 Intelligence and Extraordinary Expenses 5 02 10 910 Confidential Expenses 5 02 10 020. nteligence Expenses 5 02 10. 030 _Extracrsinary and Miscellaneous Expenses, 5 02 14. Professional Services, 5 2 14 010 Legal Senices 5 02 11 020 Auditing Services 5 02 14 030 Consultancy Services 5 02 11 990 Other Professional Services 5 02 42, General Services 5 02 12 010 Environment/Sanitary Services 5 02 12 G20 _ Janitorial Services 5 G2 12 030 Security Services 5 02 12 $90 Other General Seri (Covering SAS] "AECOUNT TILES and CODES IPSAS 16817 8 02 13 Repairsand Maintenance 5 02 13. 010 _Repairs and Maintenance - Investment Property 5 02 13. 020_Repairs and Maintenance - Land Improvements 5 02 13. 030 Repairs and Maintanance Infrastructure Assets 5 02 13. 040_Repairs and Maintenance - Buildings and Other Structures 5 02 13. 050 _Repairs and Maintenance - Machinery and Equipment 5 02 13. 060 Repairs and Maintenance - Transportation Equipment 5 02 13. 070 Repairs and Maintenance -Furiture and Fixtures 5 02 13. 080 Repairs and Maintenance - Leased Assets 5 02 13. 090 Repairs and Maintenance - Lessed Assets Improvements 5 02 13. 100 Restoration ang Maintenance - Hestage Assets 5 02 13. 990 Repairs and Maintenance - Other Property, Plant and Equipment 5 02 14 Financial Assistance/Subsldy 5 02 14 O10 Subsidy toNGAS 5 02 1 (020 Financial Assistance to NGAs 5 02 14 030 Financial Assistance to Locel Government Unis 5 02 14 940 Budgetary Support to Government-Ownad andlor Contoled Corporations 5 02 14 050. Financial Assistance to NGOs/POs 5 2 14 080. Internal Revenue Allotment 5 02 14 990 Subsicles - Others 5 02 15 Taxes, Insurance Premiums and Other Fees 5 02 18 010 Taxes, Dutles and Licenses 5 02 15 020. Fidelty Bone Premiums 502 18 030 Insurance Expenses 5 02 16 Laborand Wages 5 02 16 010 Laborand Weges 5 02 99. Other Maintenance and Operating Expenses 5 02 09 010 Advertising Expenses 5 2 99 020 Printing and Publication Expenses 5 02 93 030 Representation Expenses 5 02 99 040 Transporation and Delivery Expenses 5 02 99 050 RentLease Expenses 5 02 99 050 Membership Dues and Contributions to Organizations 5 02 99 070 Subscription Expenses 5 02 98 080 Donations 5 02 99 080. Litigalion/Acquired Assets Expenses. 5 02 99 990 Other Maintenance and Operating Expenses 5 03. Financial Expenses 5 03 Of Financlal Expenses 5 03 01 O10 Management Supervision/Trusteathip Fees 5 03 Of 020 Interest Expenses 5 03 Of 030 Guarantee Fees 5 03 01 040 Bank Charges 5 03 01 050 Commitment Fees 5 03 G1 980 Other Financial Charges 5 04 Direct Costs 5 04 01 Costof Goods Manufactured 5 04 01 010 Direct Labor 5 04 01 G20. Manufacturing Overhead 5 04 02 Costof Sales 5 04 02 O10 Costot Sales, (Coreg PAS] IPsas 17 IpsAs 17 IPsas 17 IPSAS 17 IPSAS 17 IPSAS 17 IpsAs 17 IPSAS 17 IPSAS 17 IPSAS 17 IPSAS 17 IPSAS 31 IPSAS 168.21 IPSAS 4 IPSAS 9 IPsAS 9 IPSAS 9 RRRRE 05 BRE "ACCOUNT TITLES and CODES Non-Cash Expenses oF ot o1 ot ot ot ot ot ot ar on a 02 2 03 03 0 03 03 03 0 RRLLLLRLeS Depreciation 010 Depreciation - Investment Property (020. Depreciation - Land Improvements 030. Depreciation - Infrastructure Assets (040 Depreciation - Buldings and Other Structures 050 Depreciation - Machinery and Equipment 050 Depreciation - Transportation Equipment 070 Depreciation - Furniture, Fitures and Books (080 Depreciation - Leased Assets 1090. Depreciation - Leased Assets Improvements, 100 Depreciation - Heritage Assets 990. Depreciation - Other Property, Plant and Equipment ‘Amortization 010 Amortization - Intangible Assets Impairment Loss 010 Impairment Loss - Financial Assets Held to Maturity (020 Impairment Loss - Loans and Receivables (030 Impairment Loss - Lease Receivables (040 Impairment Loss - Investments in GOCCs (050 impairment Loss - Investments in Joint Venture (060. Impairment Loss - Other Receivables 70 Impairment Loss - Inventories (080 Impairment Loss - Investment Property (090 Impairment Loss - Property Plant and Equipment 100 impairment Loss - Biological Assets 140 Impairment Loss - Intangible Assets 420 Impairment Loss - Investments in Associates 980 Impairment Loss - Other Assets Losses O10 Loss on Foreign Exchange (FOREX) 020 Loss on Sale of Investments (020 Loss on Sale of Investment Property (040 Loss on Sale of Propery, Plant and Equipment (050 Loss on Sale of Biological Assets (060. _Loss on Sale of Agricultural Produce 070 Loss on Sale of Intangible Assets, (080 Loss on Sale of Assets, (000 Loss of Assets 400 Loss on Guaranty 990 Other Losses C. DESCRIPTION OF ACCOUNTS, 1 Assets 1 ASSETS 01 Cash and Cash Equivalents 01 Cash on Hand Account Title Account Number Normal Balance Description Account Title Account Number ‘Normal Balance Description Cash - Collecting Officer 4-01-01-010 Debit This account is used to record the amount of collections with the Collecting Officers for remittance to the account of the Treasurer of the Philippines (TOP), Credit this account for deposit to Authorized Government Depository Bank (AGDB) for the account of the TOP. Petty Cash 4-01-01-020 Debit ‘This account is used to record the amount granted to duly designated Petty Cash Custodian for payment of authorized petty or miscellaneous expenses which cannot be conveniently paid through checks. Credit this account every time there is a change of Petty Cash Custodian, and at year end, for refund and liquidation of cash advance. 02 Cash in Bank - Local Currency Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description Cash in Bank - Local Currency, Bangko Sentral ng Pilipinas 4-01-02-010 Debit This account is used to record in the Bureau of the Treasury (BT1) books deposits to the Bangko Sentral ng Pilipinas (BSP) collections from national government agencies (NGAs) and government financial _ institutions! government-owned and/or controlled corporations (GFis/GOCCs): Proceeds from issuancesifiotations and maturities of Treasury Bills and ‘Treasury Bonds; and fund transfers from other cash accounts of the TOP. Credit this account for withdrawals of investments and maturities of National Government (NG) funds and NG-managed funds; coupon payments for Treasury Bonds; Special Accounts/Imprest Accounts for projects financed by foreign loans and grants, debt service payments for NG and NG-relent loans; advances for NG-relent and guaranteed loans of GFis/GOCCs; and fund transfers to other cash accounts of the TOP, among others. Cash in Bank - Local Currency, Current Account 4-01-02-020 Debit This account is used to record deposits with AGDBs of income received for which the agency has authority to use; trust receipts authorized under specific contracts and agreements; Revolving Fund under specific laws; and credit advicesimemos received from the AGDBs. Credit this account for debit advicesimemos received from the AGDBs. as b Account Title Account Number Normal Balance Description Account Title Account Number Normal Balance Description In the BTr-NG books, this account is used to record fund transfers from other cash accounts of the TOP. Credit this account for withdrawals for negotiated Modified Disbursement System (MDS) checks with AGDBs; coupon payments on bonds; payment of maturing Treasury Bills and Treasury Bonds through Automatic Transfer Account (ATA); payment of claims for backpay and emergency currency guerilla notes; and fund transfers to other cash accounts of the TOP. Cash in Bank - Local Currency, Savings Account 1-01-02-030 Debit This account is used only in the BTI-NG books to record deposits to savings account with AGDBs for collections of fees and charges from rational collecting officers (NCOs); collections of the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) through authorized agent banks (ABs); investment of funds; maturity of investments; and proceeds of over-the counter placements of Treasury Bills and Treasury Bonds. Credit this account for replenishments of the MDS accounts with AGDBs and transfers to other cash accounts of the TOP. Cash in Bank - Local Currency, Time Deposits 4-01-02-040 Debit This account is used to record authorized placements of cash in local currency with AGDBs for a specific period of time. Credit this account for withdrawal of placements, 03. Cash in Bank - Foreign Currency Account Title Account Number Normal Balance Description Account Title Account Number ‘Normal Balance Description Account Title Account Number Normal Balanca Description Cash in Bank - Foreign Currency, Bangko Sentral Ng Pilipinas 1-01-03-010 Debit This account is used to record in the BTr books deposits to the BSP collections from NGAs in foreign currency: proceeds from foreign borrowings and grants; and proceeds from maturities of investments In foreign currencies. Credit this account for releases of funds to implementing agencies; investments in foreign currencies; and payments of principal, interest and other charges on foreign borrowings. Cash in Bank - Foreign Currency, Current Account 4-01-03-020 Debit This account is used to record foreign currency deposits of agencies implementing foreign-assisted projects and those authorized by a regulation or by the lendingidonor institution to maintain Special Accounv/imprest ‘Account Working Fund. Credit this account for withdrawals made. ‘Cash in Bank - Foreign Currency, Savings Account 4-01-03-030 Debit This account is used to record foreign currency deposits of agencies implementing foreign-assisted projects and those authorized to maintain Special Accounts/Imprest Accoun| 0 19 Account Title Account Number Normal Balance Description In the BTr books, this account is used to record deposits to SpecialImprest Accounts for implementation of projects financed by foreign loans and grants for further credit to the account of implementing agencies; collections of fees, charges and trust receipts in foreign currencies; proceeds from maturities of investments in foreign currencies; fund transfer from other foreign currency accounts with AGDBs. Credit this account for withdrawals from Specialllmprest Accounts; investments in foreign currencies, and fund transfers to other foreign currency accounts with AGDBs. Cash in Bank - Foreign Currency, Time Deposits, 4-01-03-040 Debit This account is used to record placements of cash in foreign currency with AGDBs for a specific period of time. Credit this account for withdrawal of placements, 04 Treasury/Agency Cash Accounts Account Title Account Number Normal Balance Description Account Tite ‘Account Number ‘Normal Balance Description Account Title ‘Account Number Normal Balance Description Account Title Account Number Normal Balance Description Cash - Treasury/Agency Deposit, Regular 4-01-04-010 Debit This account is used to record in the agency books the amount of collections remitted to the BTr under the General Fund, either directly or thru the AABs and AGDBs. At year end, credit this account to close to the Government Equity In the BT"-NG books, credit this account for deposits made by NGAs, and at year end the account is closed to the Government Equity, Cash - Treasury/Agency Deposit, Special Account 4-01-04-020 Debit Debit this account in the agency books to record the amount of collections remitted to the BTr under the Special Account in the General Fund (SAGF) and adjustments for lapsed Notice of Cash Allocation (NCA). This is credited to close the Cash - MDS, Special Account In the BTF-NG books, credit this account for deposits made by NGAs for SAGF. This is debited to close Cash - MDS, Special Account. Cash - Treasury/Agency Deposit, Trust 1-01-04-030 Debit Debit this account in the agency books for the amount of trust receiptsicollections and trust funds remitted to the BTr and adjustments for lapsed NCA. This is credited to close Cash - MDS, Trust account In the BTr-NG books, credit this account for amounts received from the agencies for trust receipts/funds. This is debited to close Cash - MDS, Trust account. Cash - Modified Disbursement System (MDS), Regular 1-01-04-040, Debit ‘This account is used to record in the agency books the NCA received for its operating requirements. Credit this account upon issuance of MDS 2 20 pry checks/Advice to Debit the Account (ADA) and reversion of lapsed NCA with a corresponding debit to Subsidy from NG account. Account Title Cash - Modified Disbursement System (MDS), Special Account ‘Account Number 1-01-04-060 Normal Balance Debit Description This account is used to record in the agency books the NCA received for SAGF. Credit this account upon issuance of MDS checks and reversion of any unutlized balance of lapsed NCA with a corresponding debit to Subsidy from NG account Account Title Cash - Modified Disbursement System (MDS), Trust Account Number 1.01-04-060 Normal Balance Debit Description This account is used to record in the agency books the NCA received for trust receipts/fund transfers deposited with the National Treasury (NT). CCreait this account upon issuance of MDS checks and reversion of lapsed NCA with a corresponding debit fo Cash - Treasury Deposit, Trust account. 05 Cash Equivalents Account Tite Treasury Bills Account Number 1-01-05-010 Normal Balance Debit Description This account Is used to record amounts placed in a 90-day and below treasury bills issued by the National Government thru the BTr. Credit this account when the rights to the cash flows have expired or transferred to another party thru resale or other disposition, 02 Investments 01 Financ Assets at Fair Value Through Surplus or Deficit Account Title Financial Assets Held for Trading Account Number —1-02-01-010 Normal Balance Debit Description This account is used to record debt and equity securities that are: (a) ‘acquired principally for the purpose of selling or repurchasing them in the near term: or (b) part of a portfolio of identified securities that are managed together and for which there is evidence of a recent actual pattem of short- term profit-taking. Credit this account when the rights to the cash flows have expired or transferred to another party thru resale or other disposition, Account Title Financial Assets Designated at Fair Value Through Surplus or Deficit Account Number 1-02-01-020 Normal Balance Debit Description This account is used to record financial assets that, upon initial recognition, are designated by the entity as at fair value through profit or loss. This shall comprise of both debt and equity securities and shall be accounted for in the same manner as held for trading secures. Credit this account when the rights to the cash flows have expired or transferred to another party thru resale or other disposition _ ot 21 Account Title Account Number ‘Normal Balance Description Account Title Account Number Normal Balance Description Derivative Financial Assets Held for Trading 4-02-01-030 Debit ‘This account is used to record financial instruments or other contracts acquired or incurred principally for the purpose of selling or repurchasing it in the near future. Credit this account when the rights to the cash flows have expired o transferred to another party. Derivative Financial Assets Designated at Fair Value Through Surplus or Deficit 4-02-01-040 Debit This account is used to record contracts that are settled gross by delivery of Underlying items. Typical examples of which are futures and forward, swap ‘and option contract. This account also refers to non-financial variables that are not specific to a party to the contract. These include an index of earthquake losses in a particular region, an index of temperatures in a particular city, and the lke. Credit this account when the rights to the cash flows have expired or transferred to another party 02 Financial Assets - Held to Maturity Account Title Account Number Normal Balance Description Account Title ‘Account Number Normal Balance Description Account Title Account Number ‘Normal Balance Description Account Title Account Number ‘Normal Balance Description Investments in Treasury Bills - Local 4-02-02-010 Debit This account is used to record money invested in treasury bills with 91 days land above maturity issued by the National Government thru the BTr. Credit this account upon derecognition of the investments in local treasury bills, transfers, write-off or write-down. Allowance for impairment - Investments in Treasury Bills - Local 1-02-02-011 Credit This account is credited when there is objective evidence that the investments in local treasury bills are impaired. Debit this account upon

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