Government Accounting appropriation Bill) then ibabalik kay president

for review ulit and then magigig Act na siya

Sources of Funds
3. Budget Execution – funds are being spent
 Taxes
 Borrowings 4. Budget Accountability – monitor kung tama
 Grants yung disbursement ng agency na nakabudget.
 Donations

Responsibility – effectively and efficiently

Budget Registries
manage the government fund (head of the
Agency) 1. RROR – Registries of Revenue and Other
Receipts
Accountability – head of the agency din ang
accountable sila ang nagproprocess. Employees 2. RAPAL – Registries of Appropriations and
ay bonded – insured (fidelity bond) magnakaw Allotments
man siya, secured pa rin yung agency na
3. RAOD – Registries of Allotments, Obligations
nakahawak sa kanya, may habol ang agency
and Disbursement
Liability – accountable officer is personally
a) RAOD-PS – Personnel Services
liable in case of unlawful acts if superior is not
b) ROAD-MOOE – Maintenance
involved. Free from liab if nagsend ng notice na
and other Operating Expenses
defend ang sarili from COA
c) RAOD-FE – Financial Expenses
Force majeure – forfituous events, accountable d) RAOD-CO – Capital Outlays
office should send notice sa COA within 30 days
4. RBUD – Registries of Utilization and
in order to be relieved from the liab. Pag walang
Disbursements
notice within 30 days, officer will be liable.
a) RBUD-PS – Personnel Services
b) RBUD-MOOE – Maintenance
Three objectives of Govt Acctg Manual and other Operating Expenses
c) RBUD-FE – Financial Expenses
1. Update the standards, policies,
d) RBUD-CO – Capital Outlays
regulations
2. update the records, books, accounting
books and codes
Government Accounting Cycle
3. update the coding structure ng mga
registries Journal Entries

1. Appropriation – it is the authorization made

Budget Process
1. Budget preparation – department of budget
and management and will be reviewed by the
president
by a legislative body to allocate funds for
purpose specified by the legislative or similar
authority. no journal entry (Budget registries ay
magagalaw) Nakadepende sa Budget registries
yung mga transactions

2. Budget legislation – House of 2. Allotment – the authorization issued by DBM

Representatives and senate (General that will enable the agency concerned to incur
obligation up to a specified amount within the (remit sa bureau of treasury)
legislative appropriation. (DBM issue obligation
authority – specify niya kung ilan yung
estimated allotment for each expenses (no 7. Closing entries na (same with basic acctg)
Journal entries) magagalaw uli yung budget
registries) Excess subsidy from natl govt, kailangan iclose
sa summary as income
3. Incurrence of Obligation – refers to the
commitment by an agency which binds the
government the eventual payment of sum of
money. (no journal entries only agreement
exists or made) they need to issue obligation
request and status before they can incur
obligation (budget registries ay maaapektuhan
specifically RAOD)

4. Disbursement Authority or Notice of Cash

Allocation NCA – This is an authorization issued
by DBM to government agencies to withdraw
cash from the national treasury thru the
issuance of checks and other authorized mode
of payments. (NCA contains maximum amount
that can be withdrawn ng gov’t agency from the
bank (JE na)

Dr Cash MDS regular xx

Cr Subsidy from Natl Gov’t xx

5. Disbursement – are the actual amounts spent

or paid out of the budgeted amount.
(Obligation na napagkasunduan sa 3, is already
performed. May liab ka na) (Basic JE’s)

6. Billings or Collection and Remittances (JE)

Dr AR xxx

Cr fees/Income xxx

(On account)

Cash collecting officer xxx

Accounts Receivable xxx

(nakakolekta na)

Cash – treasury regular xxx

Cash collecting Officer xxx