9/17/22, 7:16 PM The Budget Process: Accounting for Government and Non-Profit Organization

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This quiz has been regraded; your score was affected.

The Budget Process

Due
Sep 16 at 11:59pm
Points
25
Questions
25
Available
Sep 16 at 5:30pm - Sep 16 at 11:59pm
6 hours and 29 minutes
Time Limit
20 Minutes

Instructions
The quiz consists of questions carefully designed to help you self-assess your comprehension of the
information presented on our previous discussion. Kindly read through each questions carefully and
answer the following questions to the best of your ability.

This quiz was locked Sep 16 at 11:59pm.

Attempt History
Attempt Time Score Regraded
LATEST Attempt 1
20 minutes 17 out of 25 18 out of 25

Score for this quiz:

18 out of 25
Submitted Sep 16 at 6:21pm
This attempt took 20 minutes.

Question 1 1
/ 1 pts

The budget preparation in the Philippines uses a "bottom-up"

approach. Under this approach, the budget preparation starts from the
highest levels of the government down to the lowest levels. 

 
True

Correct!  
False

Correct.

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9/17/22, 7:16 PM The Budget Process: Accounting for Government and Non-Profit Organization

Question 2 1
/ 1 pts

An entity prepares its budget by simply rolling-over the budget in the

previous year and adjusting each line item by 10% increment to reflect
inflation. This process is described as zero-based budgetting.

 
True

Correct!  
False

Correct.

Question 3 1
/ 1 pts

After the budget call from the DBM, the proposed budget of various
agencies are submitted immediately to the Office the President for
review.

 
True

Correct!  
False

Correct.

Question 4 1
/ 1 pts

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9/17/22, 7:16 PM The Budget Process: Accounting for Government and Non-Profit Organization

An entity can incur obligations after receiving notice of its appropriation

but before receiving the allotment.

 
True

Correct!  
False

Correct.

Question 5 1
/ 1 pts

Budget deliberations in the Congress start in the House of Senate.

 
True

Correct!  
False

Correct.

Question 6 1
/ 1 pts

A government entity must first receive an allotment before it can incur

obligations.

Correct!  
True

Correct.

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9/17/22, 7:16 PM The Budget Process: Accounting for Government and Non-Profit Organization

 
False

Question 7 1
/ 1 pts

A government entity can make disbursements even before it receives a

disbursement authority. 

 
True

Correct!  
False

Correct.

Question 8 1
/ 1 pts

Allotment is also called obligational authority.

Correct!  
True

Correct.

 
False

Question 9 1
/ 1 pts

The Notice of Cash Allocation (NCA) is an authority issued by the COA

to central, regional and provincial offices and reporting units to cover
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9/17/22, 7:16 PM The Budget Process: Accounting for Government and Non-Profit Organization

their cash requirements.

 
True

Correct!  
False

Correct.

Question 10 1
/ 1 pts

Responsibility accounting greatly enhances budget accountability

because managers are evaluated only in terms of the costs or other
variables that they control, and therefore, budget deviations can be
readily attributed to the managers accountable therefor.

Correct!  
True

Correct.

 
False

Question 11 0
/ 1 pts

Which of the following does not properly describe the budget process
used in the Philippines?

 
Zero-based budgeting

ou Answered  
Non-incremental budgeting

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9/17/22, 7:16 PM The Budget Process: Accounting for Government and Non-Profit Organization

 
Bottom-up budgeting

orrect Answer  
Top-down budgeting

Question 12 1
/ 1 pts

Arrange the following steps according to the sequence that they appear
in the budget cycle.

I. Allotment

II. Bicameral deliberations

III. Budget Accountability reporst

IV. President's enactment of the GAA

V. Budget hearings with the DBM

 
V, I, II, IV, and III

Correct!  
V, II, IV, I, and II

Correct.

 
V, IV, II, I and III

 
II, V, IV, I, and III

Question 13 0
/ 1 pts

This type of budget is prepared in such a way that estimated revenues

exceed estimated expenditures.

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9/17/22, 7:16 PM The Budget Process: Accounting for Government and Non-Profit Organization

 
Obligations budget

ou Answered  
Excess budget

orrect Answer  
Balanced budget

 
Budget meal

Question 14 0
/ 1 pts

All disbursements of government entities must be in conformance with

the law and the 

ou Answered  
PPSASs

orrect Answer  
National Budget

 
PFRSs

 
COA and Audit findings

Question 15 1
/ 1 pts

A legislation approves the allocation of P 100B funds to support the

operations of Entity A (a government agency) in the current year. At the
start of first quarter, Entity A receives authorization to incur obligations
for a  maximum amount of P 45B in that quarter. Entity A extends half
of that authorization to its lower operating units. During the quarter,
Entity A receives monthly authorization to disburse funds not to exceed
P 15B per month. Entity A extends half of those monthly authorizations
to its lower operating units. At the end of the quarter, total obligations
incurred amounted to P 40B while total disbursements amounted to P
35B.
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9/17/22, 7:16 PM The Budget Process: Accounting for Government and Non-Profit Organization

The allocation of the P100B funds to Entity A is referred to as 

 
Allotment

Correct!  
Appropriation

Correct.

 
Sub-allotment

 
Obligation

Question 16 1
/ 1 pts

A legislation approves the allocation of P 100B funds to support the

operations of Entity A (a government agency) in the current year. At the
start of first quarter, Entity A receives authorization to incur obligations
for a  maximum amount of P 45B in that quarter. Entity A extends half
of that authorization to its lower operating units. During the quarter,
Entity A receives monthly authorization to disburse funds not to exceed
P 15B per month. Entity A extends half of those monthly authorizations
to its lower operating units. At the end of the quarter, total obligations
incurred amounted to P 40B while total disbursements amounted to P
35B.

In Entity A's first quarter Statement of Appropriations, Allotments,

Obligations, Disbursements and Balances, how much is shown as
"unreleased appropriations"?

 
P 60B

 
P 65B

Correct!  
P 55B

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9/17/22, 7:16 PM The Budget Process: Accounting for Government and Non-Profit Organization

Correct.

 
P 45B

Question 17 1
/ 1 pts

A legislation approves the allocation of P 100B funds to support the

operations of Entity A (a government agency) in the current year. At the
start of first quarter, Entity A receives authorization to incur obligations
for a  maximum amount of P 45B in that quarter. Entity A extends half
of that authorization to its lower operating units. During the quarter,
Entity A receives monthly authorization to disburse funds not to exceed
P 15B per month. Entity A extends half of those monthly authorizations
to its lower operating units. At the end of the quarter, total obligations
incurred amounted to P 40B while total disbursements amounted to P
35B.

In Entity A's first quarter Statement of Appropriations, Allotments,

Obligations, Disbursements and Balances, how much is shown as
"unobligated allotments"?

 
P 10B

 
P 6B

Correct!  
P 5B

Correct.

 
P 15B

Question 18 1
/ 1 pts
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9/17/22, 7:16 PM The Budget Process: Accounting for Government and Non-Profit Organization

A legislation approves the allocation of P 100B funds to support the

operations of Entity A (a government agency) in the current year. At the
start of first quarter, Entity A receives authorization to incur obligations
for a  maximum amount of P 45B in that quarter. Entity A extends half
of that authorization to its lower operating units. During the quarter,
Entity A receives monthly authorization to disburse funds not to exceed
P 15B per month. Entity A extends half of those monthly authorizations
to its lower operating units. At the end of the quarter, total obligations
incurred amounted to P 40B while total disbursements amounted to P
35B.

In Entity A's first quarter Statement of Appropriations, Allotments,

Obligations, Disbursements and Balances, how much is shown as
"unpaid obligations"?

Correct!  
P 5B

Correct.

 
P 10B

 
P 6B

 
P 15B

Question 19 1
/ 1 pts

Under this approach to budgeting, several parties participate in the

budget preparation - from the lowest levels of government to the
highest levels, and sometimes even citizen-stakeholders participate in
the budget preparation.

Correct!  
bottom-up budgeting

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9/17/22, 7:16 PM The Budget Process: Accounting for Government and Non-Profit Organization

Correct.

 
Zero Based budgeting

 
Top-down budgeting

 
bottoms-up budgeting

Question 20 1
/ 1 pts

What is the correct sequence of the following steps in the budget

process?

I. Budget Legislation

II. Budget Accountability

III. Budget Preparation

IV. Budget Execution

Correct!  
III, I, IV and II

Correct.

 
III, IV, I and II

 
II, III, I and IV

 
III, I, II, and IV

Question 21
Original Score:
0
/ 1 pts
Regraded Score:
1
/ 1 pts

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9/17/22, 7:16 PM The Budget Process: Accounting for Government and Non-Profit Organization


This question has been regraded.

After deliberations in both houses in the Congress are finished, a

committee is formed to harmonize any conflicts between the
Representatives and Senate versions of the General Appropriations
Bill. This committee is called the:

 
Adjudication Conference Committee

Correct!  
Bicameral Conference Committee

Correct. 

 
Referee Conference Committee

 
Bicaramel Conference Committee

Question 22 0
/ 1 pts

It is the authorization made by a legislative body to allocate funds for

the purpose specified by the legislative or similar authority.

ou Answered  
Allotment

 
Obligation

 
Disbursement

orrect Answer  
Appropriation

Question 23 0
/ 1 pts

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9/17/22, 7:16 PM The Budget Process: Accounting for Government and Non-Profit Organization

This is necessary before government entities can enter into contracts

that bind the government for the eventual disbursement of government
funds.

ou Answered  
Disbursement Authority

 
Incurrence of Obligation

orrect Answer  
Allotment

 
Notice of Cash Allocation

Question 24 0
/ 1 pts

Under responsibility accounting, a manager's performance is evaluated

 
only at year-end

 
on the basis of both controllable and non-controllable costs.

ou Answered  
based on all resources under his custody

orrect Answer  
only in terms of the costs, or other variables, that he controls

Question 25 0
/ 1 pts

This summarizes an agency's fiscal year plans and performance

targets. It shows the agency's physical and financial plan, monthly cash
program, estimate of monthly income, and list of obligations that are
not yet due and demandable.

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9/17/22, 7:16 PM The Budget Process: Accounting for Government and Non-Profit Organization

 
Aging of Due and Demandable Obligation

ou Answered  
Statement of Approved Budget, Utilizations, Disbursements and
Balances

 
Special Allotment Released Order

orrect Answer  
Budget Execution Documents

Quiz Score:
18 out of 25

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