Government

Sec. 5. General Accounting Plan. The General Accounting Plan (GAP) shows the boilers font accounting system of a government place/unit. It includes the computer address documents, the flow of transactions and its accumulation in the books of accounts and finally their mutation into financial information/data presented in the financial reports. Presented on next page is the General Accounting Plan for bother government agencies. The following accounting systems are: cypherary Accounts form; revenue/Income and Deposit System; Disbursement System; and pecuniary coverage System. A. BUDGETARY ACCOUNTS Sec. 6. computeary Accounts System. The Bud jerk offary Accounts System encompasses the processes of preparing function figure matrix (ABM), observe and arranging of allotments received by the chest from the DBM, releasing of Sub-Allotment Release Order (Sub-SARO) to Regional Offices (RO) by the key Office (CO); issuance of Sub-SARO to Operating un it of measurements (OU) by the RO; and recording and monitoring of obligations. Sec. 7. budgetary Accounts. Budgetary accounts consist of the appropriations, allotments and obligations. Appropriations refer to authorizations make by law or other legislative command for payments to be made with funds of the government under undertake conditions and/or for specified purposes.

Appropriations shall be monitored and controlled through registries and control worksheets by the DBM and COA, respectively. Budgetary accounts allotments and obligations are discussed in the succeeding sections. Sec. 8. Agency Budget Matrix (ABM). The ABM ref ers to a document showing the disaggregation! of agency expenditures into components like, among others, by source of appropriations, by allotment class and by fill of clearance. Sec. 9. Procedures for the Preparation of the ABM. Area of ResponsibilitySeq. No. characterizationivity Budget Unit Concerned Staff1 Based on the approved General Appropriations Act (GAA) and in coordination with...If you want to get a full essay, orderliness it on our website: BestEssayCheap.com

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