GOVERNMENT ACCOUNTING PROCESS

Itstarted after the declaration of the General

Appropriations Act (GAA).
The GAA is the enacted budget of the country for
the upcoming year.
The GAA has a force of law and it states how much
an agency can spend for the year.
GOVERNMENT ACCOUNTING PROCESS

 Commission on Audit (COA)

 Department of Budget and Management (DBM)
 Bureau of Treasury (BTr)
GOVERNMENT ACCOUNTING PROCESS

• Responsible for keeping the government’s general accounts

• Disseminates accounting rules to be used by all agencies
COA
• Formulation and implementation of the National Budget with the
goal of attaining our national socio-economic plans and objectives
DBM • Efficient utilization of government funds and revenues

• Safekeeping of the national funds

• Management and control of the disbursements of funds
BT
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