Accounting is an successful resource of management in evaluating the performance of the diverse organizations of government. The functionality of the community administrators would rely at most, on economic studies produced by the use of accounting systems.

Cognizant of this need to have, a new accounting technique wants to be created that would help the distinct organizations to strike on economic targets, and at the same time be comprehended by all end users of monetary stories.

With this new growth, the Fee on Audit (COA), below the new 1987 Structure, promulgated the New Authorities Accounting Method in the Philippines (NGAs) for use by all govt businesses.

The change to NGAs was made in response to the adhering to need:

1. Adoption of an accounting program that is in conformity with the Intercontinental Accounting Specifications.

two. Computerization of the accounting methods to generate stories that will be easy to comprehend by the general general public.

3. Preparation of typical and routinary monetary reviews.

4. The use of the produced economic reports as equipment of administration in decision producing.

Govt Accounting – Defined

Underneath Area 109, of the Presidential Decree (PD) no. 1445, defines Government Accounting as 1 that encompasses the procedure of analyzing, classifying, summarizing and speaking all transactions that are involved in the receipt and disbursement of all govt resources and homes, and interpreting the final results thereof. In pursuant to this definition, targets had been set to cover many areas in govt operations.

Targets of Government Accounting

one. To generate related financial info about earlier and current transactions of govt.

two. To provide as sunsystems hong kong for selection making for potential functions

three. To provide as the control system for the receipt, disposition and utilization of govt cash and properties

four. To arrive up with financial stories pertaining to the outcomes of operations of a variety of authorities businesses that are for dissemination to the public.


The want for timely preparation of fiscal stories in authorities is required to assess the overall performance of the diverse organizations of govt. The result of the reviews would show the locations that may nonetheless need enhancement, as nicely as occur up with the budgetary needs for these organizations if needed.

Public officers are supervisors of money, that are entrusted to them by the nationwide federal government. The financial reports would evidently present if the companies are obtaining what is mandated of them. These reports would also show the extent in the use of agency assets and sources, as well as the need for extra infusion of cash if necessary

The accounting knowledge would demonstrate how the resources of govt ended up employed. This would also expose the influx and outflow of cash and the need for stiffer fund management and manage, if required.

On Accounting Duty

This fiscal duty emanates from the Structure and its governing rules, guidelines and promulgation. The mandate as prescribed beneath the said Structure of the Philippines phone calls for the keeping of the standard accounts, as properly as the promulgation and submission of monetary reports that would cover the operations of authorities.

The authorities officers that are mandated to discharge the over-stated Accounting responsibilities are the Commission on Audit (COA), the Department of Budget and Management (DBM) and the Bureau of Treasury (BTr) – to discharge the features of govt in consonance with its motivation to all Filipinos.


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