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Budget and Acc - Division

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Michelle Ann Legaspi
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18 views

Budget and Acc - Division

Uploaded by

Michelle Ann Legaspi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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ACTIVITY

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DEPARTMENT OF EDUCATION 1
DEPARTMENT OF EDUCATION 2
B U D G E T

DEPARTMENT OF EDUCATION 3
DEPARTMENT OF EDUCATION 4
A C C O U N T I N G

DEPARTMENT OF EDUCATION 5
DEPARTMENT OF EDUCATION 6
F I N A N C I A L

DEPARTMENT OF EDUCATION 7
DEPARTMENT OF EDUCATION 8
D I V I S I O N

DEPARTMENT OF EDUCATION 9
DEPARTMENT OF EDUCATION 10
M A N A G E M E N T

DEPARTMENT OF EDUCATION 11
DEPARTMENT OF EDUCATION 12
S E R V I C E

DEPARTMENT OF EDUCATION 13
WORDS TO REMEMBER

F I N A N C I A L

M A N A G E M E N T

S E R V I C E

B U D G E T

and

A C C O U N T I N G

D I V I S I O N

DEPARTMENT OF EDUCATION 14
FINANCIAL MANAGEMENT SERVICE
L3.1 BUDGET DIVISION
L3.2 ACCOUNTING DIVISION
Let us define
the following
words

DEPARTMENT OF EDUCATION 16
F I N A N C I A L

DEPARTMENT OF EDUCATION 17
M A N A G E M E N T

DEPARTMENT OF EDUCATION 18
S E R V I C E

DEPARTMENT OF EDUCATION 19
B U D G E T

DEPARTMENT OF EDUCATION 20
A C C O U N T I N G

DEPARTMENT OF EDUCATION 21
D I V I S I O N

Section

DEPARTMENT OF EDUCATION 22
Division Example

DepEd Division Office


Division Unit

Division Office of Division Office of Accounting


Budget Division
Quezon Lucena Division

DEPARTMENT OF EDUCATION 23
DEPARTMENT OF EDUCATION 24
BUDGET DIVISION

DEPARTMENT OF EDUCATION 25
BUDGET DIVISION

The Budget Division provides advice to the


Regional Director on the financial resources of the
Region and its utilization and provide services in
budgeting, accounting, payroll processing, reporting and
coordinating with government oversight and
fiscal agencies in order to ensure judicious
expenditures ,to support and attain the Department’s
vision, mission and goals.

DEPARTMENT OF EDUCATION 26
BUDGET DIVISION

Specific Functions:

1. Plan and manage the


effective and efficient use
of all fiscal resources of
the schools division in
accordance with existing
rule.

DEPARTMENT OF EDUCATION 27
BUDGET DIVISION

Specific Functions:

2. Tap and utilize resources


available at the schools

division level to support


the implementation of
programs and projects
at the schools division
level or at the school
level.

DEPARTMENT OF EDUCATION 28
BUDGET DIVISION

Specific Functions:

3. Supervise and
coordinate the budget and
fiscal activities of units
within the schools
division.

DEPARTMENT OF EDUCATION 29
BUDGET DIVISION

Specific Functions:

4. Coordinate planning
and budgeting activities
of the schools division.

DEPARTMENT OF EDUCATION 30
ACCOUNTING DIVISION

DEPARTMENT OF EDUCATION 31
ACCOUNTING
DIVISION

The Accounting Division is responsible for the


maintenance of the books of accounts of Central Office staff,
Bureaus and Centers. It administers financial reports,
processes of disbursement and trust accounts and makes
branch accounting in regional offices. It consolidates financial
reports of all Central Offices and Regional offices for
submission to fiscal agencies. It has technical supervision
over all DepEd Accounting offices.
DEPARTMENT OF EDUCATION 32
The Role of the Accountant
The accountant evaluates records drawn up
by the bookkeeper and shows the results of this
investigation as losses and gains, leakages,
economies, or changes in value, so as to reveal the
progress or failures of the business and also its
future limitations and possibilities. Accountants must
also be able to draw up a set of financial records and
prescribe the system of accounts that will most easily
give the desired information; they must be capable of
arriving at a comprehensive view of the economic
and the legal aspects of a business, envisaging the
effect of every sort of transaction on the profit-and-
loss statement;

DEPARTMENT OF EDUCATION 33
IMPORTANCE OF FINANCIAL AND ACCOUNTABILITY
REPORTING

This Financial Reporting System (FRS) includes the preparation and


submission of Financial Reports such us Trial Balance, Financial Statements
and other reports needed by fiscal and regulatory agencies. These are the
principal means by which information were accumulated and processed in the
state accounting system is periodically communicated to those who use them.

DEPARTMENT OF EDUCATION 34
What are the functions of financial statements:
1. Provide a basis for making decisions for future operations;
2. Ensure that all cost and revenues are properly accounted for;
3. Facilitate review activities;
4. Assessment of agency performance;
5. Evaluation of the effectiveness of DepEd operation
6. Compliance to oversight Agencies

DEPARTMENT OF EDUCATION 35
SUBMISSION OF FINANCIAL REPORTS

MANDATE:
Management of DEPED Financial Resources including reportorial requirements in
accordance with the generally accepted accounting and auditing rules and
regulations.

DEPARTMENT OF EDUCATION 36
SUBMISSION OF FINANCIAL REPORTS

REQUIRED REPORTS - National Government Accounting System (NGAS)


Under existing regulations’ Accountants are required to submit the following
reports which are also to be submitted under the NGAS unless
revised/amended by guidelines to be issued by the commission:

DEPARTMENT OF EDUCATION 37
DEPARTMENT OF EDUCATION 38
Financial Report

DEPARTMENT OF EDUCATION 39
DEPARTMENT OF EDUCATION 40
Thank You!

DEPARTMENT OF EDUCATION 41

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