Government accounting process involves procedures that are similar to that of an ordinary

business or commercial entity. It also has reports and accounts to be considered while
maintaining the records of the government. However, there are significant differences which,
personally, I found very confusing and complicated. In government accounting there is an
incorporation of budgetary controls through budget registries, and preparation of periodic
budget accountability reports. The journals and ledgers are quite more complicated and
different from the usual one.
It seems like in government accounting the focus is highly intended to how each entity and
agency utilize its resources and public funds. Registries are also maintained in order to have a
complete and organized records. This contains the revenue and receipts, appropriation and
allotments, obligations and disbursements, and budget and utilization. Expenditures in
government accounting are also classified into different areas which I think is one way for the
government to effectively and efficiently track and detect the respective destination of any
government fund outlay. The expenses in government accounting are still in the same accounts
like the usual one. It is just that, there are additional accounts and affixes that further classify
such accounts. The object of expenditures is posted as part of the classification in ever registry.
I think that the purpose of this is to have a clear trail and record of how the disbursements are
being spent.
As I summarize how the government account their transactions internally and externally, I can
conclude that one thing they really want to maintain with all these measures they implement is
the control their funds in a reliable and transparent manner. This is one way for the
government to inform the public that the money being remitted from them is being used in an
appropriate way.
With all these processes and considerations in government accounting, I can say that every
head of an entity or agency should really embody their responsibility, accountability, and
liability to its respective constituents. Generating funds from public are already part of the
general laws and system, but the disposition and disbursement of such is another consideration
that usually takes series of deliberation for it to be officially authorized. There must be a
regulation or law that authorizes the utilization of funds to ensure that these funds will be used
to a legal purpose it intended in a particular disbursement proposal. This process may be very
long and time-consuming but I do believe that it is consequential and a must.
Lastly, as I observe and encounter how the accounting system works in the government setting,
I can clearly say that it is a lot more complicated and detailed compared to the usual accounting
system of business entities. It may be difficult to understand but for me, I think that this is one
effective way where our government can prevent irregularities and illegal schemes to happen in
its internal system. Strict compliance to this accounting system must be observed in order to
fulfill the main duty of our government; to be of service of the public.