Government Accounting

&
Accounting for non-profit organizations

by: ZEUS VERNON B. MILLAN

 Chapter 3
The Government Accounting Process

Learning Objectives
1. Record the basic transactions of a
government entity.
2. Prepare a worksheet.

GOVT ACCTG & ACCTG FOR NPOs by:

Z.B.Millan
 Books of Accounts and Registries
1. Journals
a. General Journal
b. Cash Receipts Journal
c. Cash Disbursements Journal
d. Check Disbursements Journal

2. Ledgers
a. General Ledgers
b. Subsidiary Ledgers

3. Registries
a. Registries of Revenue and Other Receipts (RROR)
b. Registry of Appropriations and Allotments (RAPAL)
c. Registries of Allotments, Obligations and
Disbursements (RAOD)
d. Registries of Budget, Utilization and
Disbursements (RBUD)
GOVT ACCTG & ACCTG FOR NPOs by:
Z.B.Millan
 Object of Expenditures

1. Personnel Services (PS) – pertain to all types

of employee benefits.
2. Maintenance and Other Operating Expenses
(MOOE) – pertain to various operating
expenses other than employee benefits and
financial expenses.
3. Financial Expenses (FE) – pertain to finance
costs.
4. Capital Outlays (CO) – pertain to capitalizable
expenditures.

GOVT ACCTG & ACCTG FOR NPOs by:

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Basic Recordings

GOVT ACCTG & ACCTG FOR NPOs by:

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Basic Recordings (continuation)

GOVT ACCTG & ACCTG FOR NPOs by:

Z.B.Millan
Basic Recordings (continuation)

GOVT ACCTG & ACCTG FOR NPOs by:

Z.B.Millan
 The Revised Chart of Accounts

Example:

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Z.B.Millan
 APPLICATION OF
CONCEPTS
PROBLEM 3-9: FOR CLASSROOM DISCUSSION

GOVT ACCTG & ACCTG FOR NPOs by:

Z.B.Millan
 QUESTIONS????
 REACTIONS!!!!!

GOVT ACCTG & ACCTG FOR NPOs by:

Z.B.Millan
 END

GOVT ACCTG & ACCTG FOR NPOs by: Z.B.Millan