Finance Assembly

A harmonized coding structure jointly developed by the DBM, COA, DOF and BTR which aims to facilitate financial reporting and consolidation of actual revenue collection and expenditures, enable the assessment of out turns against transparency/accountability and improve efficiency in terms of utilization of government funds.

• Universal Accounts Code Structure

• Unified Accounts Code Structure

• United Accounts Code Structure

• None of the Above

This automated system allows online or electronic submission and encoding of the plans/targets, i.e., physical, financial and disbursement program, and actual accomplishments, i.e., budget, and financial accountability reports, of departments/agencies/implementing operating units

• Electronic National Government Accounting System (e-NGAS)

• Unified Reporting System (URS)

• BIR Alphalist of Payees and Supplier

• None of the Above

Extraordinary and miscellaneous expenses include, but not be limited to, expenses incurred for

• Meetings, seminars, and conferences

• Official entertainment

• Public relations

• All of the Above

For Uniform or Clothing Allowance, an amount not exceeding Six Thousand Pesos (P6,000) per year is hereby authorized for the payment of uniform or clothing allowance to each qualified government employee, subject to (a)   and such other guidelines issued by the DBM

• B.C. No. 2018-1 dated March 8, 2018
• B.C. No. 2018-3 dated March 8, 2018
• B.C. No. 2018-2 dated March 8, 2018
• None of the Above

It encompasses the processes of analyzing, recording, classifying, summarizing and communicating all transactions involving the receipt and disposition of government funds and property, and interpreting the results thereof.

• Government Budgeting

• Government Accounting

• Government Policies

• None of the Above

It comprises all funds derived from the income of any agency of the government and available for appropriation or expenditure in accordance with law.

• Net assets/equity

• Assets

• Revenue Funds

• Distributions to owners

___________________________ is the comprehensive authority issued to all national government agencies, in general, to incur obligations, i.e., Retirement and Life Insurance Premium (RLIP), except RLIP for the departments/agencies chargeable against Special Accounts in the General Funds (SAGFs) and those covered by special arrangements.

• GAA-as-Allotment-Order (GAAAO)

• General Allotment Release Order (GARO)

• Special Allotment Release Order (SARO)

• None of the Above

This report shall reflect the authorized appropriations and adjustments, total allotments received including transfers, total obligations, total disbursements and the balances of unreleased appropriations, unobligated allotments, and unpaid obligations of a department/office/entity by source and by allotment class.

• Statement of Appropriations, Allotments, Obligations, Disbursements and Balances – Financial Accountability Report (FAR) No. 1 (SAAODB)

• Statement of Appropriations, Allotments, Obligations, Disbursements and Balances – Financial Accountability Report (FAR) No. 1A (SAAODB)

• Statement of Appropriations, Allotments, Obligations, Disbursements and Balances – Financial Accountability Report (FAR) No. 1B (SAAODB)

• None of the Above

_____________________is the specific authority issued by DBM to identified agencies to incur obligations not exceeding a given amount during a specified period for the purpose indicated. It shall cover expenditures the release of which is subject to compliance with specific laws or regulations, or is subject to separate approval or clearance by competent authority.

• GAA-as-Allotment-Order (GAAAO)

• General Allotment Release Order (GARO)

• Special Allotment Release Order (SARO)

• None of the Above

It provides information to users of FSs a basis to assess the ability of the entity to generate cash and cash equivalents and to determine the entity’s utilization of funds. This also provides information on how the entity generates income authorized to be used in their operation and its utilization.

• Statement of Financial Position

• Statement of Financial Performance

• Statement of Cash Flows

• Statement of Comparison of Budget and Actual Amounts