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By:
LUZVI PANGAN CHATTO
Director IV
Accounting Systems Development and Other Services Office
Government Accountancy Sector
Commission on Audit
1
GOVERNMENT ACCOUNTING MANUAL (GAM)
(For National Government Agencies)
OVERVIEW
2
Presentation Outline
Legal Basis
GAM for NGAs
Objective
Summary of Contents
Changes Adopted
New Standards Adopted
Budget and Financial Accountability Reports
Responsibility Accounting
Implementation strategy/plan
3
Legal Basis
4
: a PFM Reform
6
The Budget Cycle
BUDGET
PREPARATION
BUDGET BUDGET
ACCOUNTABILITY APPROVAL
BUDGET
EXECUTION
7
Contents of the GAM
Volume I Volume II Volume III
22 Chapters, 19 Annexes, 92 Appendices 3 Chapters
Acronyms
Accounting Standards and Books, Registries, Records, List of Accounts
Policies Forms and Reports
Accounting Codes and
Budget Descriptions of
Treasury Accounts
Property/Supply Management
13
Changes Adopted in the GAM
NGAS
Particulars GAM
Manual
9. Fund One Fund Fund Clustering
Maintenance Concept 01 - Regular Agency Fund
02 - Foreign-Assisted Projects Fund
03 - Special Accounts-Locally
Funded/Domestic Grants Fund
04 - Special Account-Foreign
Assisted/Foreign Grants Fund
05 - Internally Generated
Funds/Retained Income Fund
06 - Business Related
Funds/Revolving Fund
07 - Trust Receipts
14
Changes Adopted in the GAM
Particulars NGAS Manual GAM
10.Cash Flow Direct Method Direct Method
11. Completed Public Derecognized Recognized
Infrastructure
12. Statement of
Financial Position
Assets With Distinction
Without distinction Current and Non-current
With Distinction
Liabilities Without distinction Current and Non-current
15
Changes Adopted in the GAM
Particulars NGAS Manual GAM
17. Accounting for
Donation
with conditionality Income Liability
without conditionality Income Revenue
with restriction - Revenue
18. Monitoring of None Section C of Obligation
Obligation/Payment Request and Status
(ORS)
19. Residual value 10% At least 5%
16
Changes Adopted in the GAM
Particulars NGAS Manual GAM
13. Statement of Financial Form part of Income Not part of Revenue
Performance from Current Operation
Subsidies, Transfers
17
New Standards Adopted
Particulars NGAS Manual GAM
20. New none PPSAS 3-Accounting Policies, Changes in
Standards Accounting Estimates and Errors
PPSAS 4-The Effects of Changes in Foreign
Exchange Rates
PPSAS 5-Borrowing Costs
PPSAS 8-Interest in Joint Ventures
PPSAS 9-Revenue from Exchange
Transactions
PPSAS 12-Inventories
PPSAS 13-Leases
18
New Standards Adopted
Particulars NGAS Manual GAM
20. New none PPSAS 14-Events after the Reporting Date
Standards PPSAS 16-Investment Property
PPSAS 17-Property, Plant and Equipment
PPSAS 19-Provisions, Contingent Liabilities,
Contingent Assets
PPSAS 20-Related Party Disclosures
PPSAS 21-Impairment of Non-Cash
Generating Assets
PPSAS 23-Revenue from Non-Exchange
Transactions (Taxes and Transfers)
PPSAS 24-Presentation of Budget Information
in Financial Statements
19
New Standards Adopted
Particulars NGAS Manual GAM
20. New none PPSAS 26-Impairment of Cash-Generating
Standards Assets
PPSAS 27-Agriculture
PPSAS 28, 29 and 30-Financial Instruments
(Presentation, Recognition and
Measurement, and Disclosures,
respectively)
PPSAS 31-Intangible Assets
PPSAS 32-Service Concession
Arrangements: Grantor
20
Changes Adopted in the GAM
(Budget)
Particulars NGAS Manual GAM
1. Maintenance of RAOPS, RAOMO, RAOD (RAODPS,
Registries RAOCO, RAOFE RAODMO, RAODCO,
RAODFE)
RBU RAPAL, RBUD
2.Statement of None Additional component of
Comparison of FS
Budget and Actual
Amounts
3. Registry of None New
Revenue and other
Receipts 21
Budget and Financial Accountability Reports
(BFARs)
(COA-DBM-DOF Joint Circular No. 2013-1, as amended by
COA-DBM Joint Circular No. 2014-1 dated July 2, 2014)
22
Budget and Financial Accountability Reports
(BFARs)
(COA-DBM-DOF Joint Circular No. 2013-1, as amended by
COA-DBM Joint Circular No. 2014-1 dated July 2, 2014)
23
Budget and Financial Accountability Reports
(BFARs)
(COA-DBM-DOF Joint Circular No. 2013-1, as amended by
COA-DBM Joint Circular No. 2014-1 dated July 2, 2014)
24
Responsibility Accounting - a system that measures
the plans (by budgets) and actions (by actual results)
of each responsibility center
25
Objectives of Responsibility Accounting
26
GAM Implementation Strategy
27
GAM Implementation Strategy
28
GAM Implementation Strategy
29
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