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So, our government accounting manual has the following coverage, it provides basic concepts to be used
in:
Preparing general purpose financial statements in accordance sa ating PPSAS and other financial
reports, na nirerequired ng ating laws, rules and regulations and also, we have
Yung mga basic concepts na gagamitin natin in Reporting of budget, revenue and expenditure
syempre in accordance den sa ating laws, rules and regulations.
So, the GAM aims to update the following, so bakit binago eh before we have the new government
accounting system is because gusto nila is iupdate yung:
Standards, policies, guidelines and procedures in accounting for government funds and
property;