Fiscal Management

Fiscal Management

Professional Development

10 Qs

quiz-placeholder

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Assessment

Quiz

Other

Professional Development

Hard

Created by

MA LOURDES VALONDO

Used 9+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An act providing for the modernization, standardization and regulation of the procurement activities of the government and for other purposes.

9148

RA 9184

RA 9814

RA 9841

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the incurring of a liability, the payment of cash, or the transfer of property for the purpose of acquiring an asset or service or settling a loss, when unqualified, the accrual basis of accounting is assumed.

Appropriation

Disbursement

Expenditure

Finance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An authorization made by law or other legislative enactments of obligations to be incurred and allowing payments to be made with funds of the government under specified conditions and/or specified purposes.

Appropriation

Disbursement

Expenditure

Finance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Supplies, Cash, School Buildings are just some example of this accounting term.

Asset

Expenditure

Liabilities

Procurement

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An authorization issued by the DBM which allows agencies/offices to incur obligations up to a specified amount that is within a legislative appropriation as reflected in the Advice of Allotment.

Allotment

Disbursement

Distribution

Grant

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This refers to the acquisition of goods, consulting services, and the contracting for infrastructure projects by procuring entity.

Asset

Disbursement

Expenditure

Procurement

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

It is the allocated funds for public elementary and secondary schools that can be spent on activities and necessities (i.e. electricity and water) that support learning programs and help maintain a safe and healthy environment in schools.

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