Far Eastern University - Manila

Table of Specifications
FINAL EXAM

Course/Subject: Accounting for Government and NPO

Total
Standards/Competencies Content/Topics Know Comp App Analysis # of hrs # of
Items
● Responsibility, Accountability and Liability
over government funds and property
● Accounting responsibility
● The GAM for NGAs Overview of the
4
● Basic accounting and budget reporting Government Accounting
principles
● Qualitative characteristics
● Elements of financial statements
● The Budget Cycle
● Budget Preparation
● Budget Legislation-The Approved Budget
● Budget Execution
The Budget Process & The
● Budget Accountabiity
Government Acccounting 10
● Responsibility Accounting
Process
● The Bank Accounts and Registries
● Budget Registries
● Object of Expenditures
● Keeping of General Accounts
● Types of Fund
● Sources of Funds
● Exchange Transaction Revenues and Other
5
● Non Exchange Transactio Receipts
● Other Receipts

● Fundamental Principles for Disbursement of

Public Funds
● Authority to Disburse/Pay
Disbursements 8
● Basic requirements and Certification for
Disbursements

● Cash and Cash Equivalents

● Receivables Financial Instruments 3
● Investments
 ● Derivatives
● Account for inventories by a government entity.
● procedures in the receipt and disposition of
Inventories 2
inventories by a government entity.

● Initial and subsequent measurements of items

PPE & Investment
of PPE of government entities. 10
Properties
● Recognition, and account for the initial and
subsequent measurements, of intangible Intangible Assets 10
assets.
● General principles in the presentation of
financial statements.
● Prepare a complete set of general purpose
financial statements of a government entity,
including a partial notes to the financial
statements.
● Describe the accounting and disclosure Financial Statements 15
requirements for events after the reporting
date, changes in accounting policies, changes
in accounting estimates, and correction of
errors.
● State the “other reports” prepared by
government entities.
● Service Concession Agreement
● Joint Venture Miscellaneous Topics 10
● Foreign Exchange Transaction
● Applicability of the PFRSs to NPOs.
● Account for the assets, liabilities, equity,
revenues and expenses of NPOs.
Non-Profit Organizations 23
● Financial statements of NPOs.
● Accounting procedures peculiar to specific
types of NPOs.
Sub-Total 100

Prepared by

Donrick M. Mendenilla
Instructor