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    Government Accounting Process

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    Wawex Davis
    The government accounting process starts after the declaration of the General Appropriations Act which is the enacted budget for the upcoming year. The GAA states how much an agency can spend for the year. The Commission on Audit, Department of Budget and Management, and Bureau of Treasury are involved in the process with responsibilities like keeping government accounts, implementing the national budget, and safekeeping national funds.

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    Government Accounting Process

    Uploaded by

    Wawex Davis
    18 views3 pages
    The government accounting process starts after the declaration of the General Appropriations Act which is the enacted budget for the upcoming year. The GAA states how much an agency can spend for the year. The Commission on Audit, Department of Budget and Management, and Bureau of Treasury are involved in the process with responsibilities like keeping government accounts, implementing the national budget, and safekeeping national funds.

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    Government Accounting Process

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    The government accounting process starts after the declaration of the General Appropriations Act which is the enacted budget for the upcoming year. The GAA states how much an agency can spend for the year. The Commission on Audit, Department of Budget and Management, and Bureau of Treasury are involved in the process with responsibilities like keeping government accounts, implementing the national budget, and safekeeping national funds.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    18 views3 pages

    Government Accounting Process

    Uploaded by

    Wawex Davis
    The government accounting process starts after the declaration of the General Appropriations Act which is the enacted budget for the upcoming year. The GAA states how much an agency can spend for the year. The Commission on Audit, Department of Budget and Management, and Bureau of Treasury are involved in the process with responsibilities like keeping government accounts, implementing the national budget, and safekeeping national funds.

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    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
    r

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