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Government Accounting Process

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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Wawex Davis
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0% found this document useful (0 votes)
33 views

Government Accounting Process

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.

Uploaded by

Wawex Davis
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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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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