Activity-5-31 - bsa PDF

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Questions What is the General Accounting Plan of government agencies/units? Enumerate and explain the accounting systems in the of NGAS— National. Explain the National Budget. Enumerate and explain the different kinds of budget. Discuss briefly the budget process/cycle. Enumerate and explain the bud...

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Questions 1. What is the General Accounting Plan of government agencies/units? Enumerate and explain the accounting systems in the of NGAS— National. 2. Explain the National Budget. 3. Enumerate and explain the different kinds of budget. 4. Discuss briefly the budget process/cycle. 5. Enumerate and explain the budgetary accounts. 6. Explain the Performance-Informed Budgeting. 7. Enumerate and explain the obligational authorities prescribed by the Government Accounting Manual (GAM). 8. Enumerate and explain the disbursement authorities prescribed by the Government Accounting Manual (GAM) 9. What are the two documents/reports, which are required by the Department of Budget and Management to be submitted on a regular basis? Explain briefly.

Multiple Choice 1. It is the system of prescribing the procedures for recording appropriations, allotments and obligations. a. Fund accounting b. Budgetary accounting c. Obligation accounting d. Government accounting 2. Its main concern is the availability and use of funds for public services. a. Commission on Audit b. Department of Finance c. Bureau of Treasury d. National Budgetary System 3. It is a statement of estimated receipts and estimated expenses of the government, which serves as basis for a General Appropriation Act. a. Statement of financial position b. Statement of operations c. National government budget d. Local government budget . 5. It is the legislative consideration, review and approval of the national budget. a. Preparation

b. Authorization c. Execution d. Accountability 6. It is the implementation of the national budget by different departments and release of allotments. a. Budget preparation b. Budget authorization c. Budget execution d. Budget accountability 7. It denotes the responsibility to others that one or more persons have for their actions and behavior. a. Preparation b. Accountability c. Authorization d. Execution 8. As specifically provided for in the New Constitution, no money shall be paid out of the National Treasury EXCEPT in the pursuance of a. Budget b. President's executive order c. Fund d. Appropriation

9. It is the legislative authorization to make payments out of government funds under specified conditions and specific purposes. a. Appropriation b. Allotment c. Obligation d. Budgeting 10. It is the authorization from the Department of Budget and Management to an agency to incur obligation up to a specified amount that must be within the legislative appropriation. a. Obligation b. Appropriation c. Allotment d. Fund release 11.It is the amount committed to be paid by the government arising from an act of a duly authorized administrative officer and which binds the government to the immediate and eventual payment of money a. Obligation b. Appropriation c. Allotment d. Commitment 12. It is the functions and activities necessary for the performance of a major purpose for which a government entity is established.

a. Program b. Project c. Resources d. Internal control 13. The journal entry to be made in the books of government agencies/units upon receipt of Notice of Cash Allocation is a. Cash — MDS, Regular Subsidy from National Government b.

Cash in Bank — Local Currency, Current Account Subsidy from National Government c. Cash in Bank — Local Currency, Savings Account Subsidy from National Government d. Cash in Bank — Local Currency, Time Deposit Subsidy from National Government 14. The budgetary accounts in government accounting is consist of the following: a. Allotment, obligation, and liquidation. b. Appropriation, liquidation, and Notice of Cash Allocation. c. Appropriation, allotment, and obligation. d. Allotment, liquidation, and Notice of Cash Allocation.

15. It is the formal document issued by the Department of Budget and Management to the head of the agency containing the authorization, conditions and amount of allocation. a. Special Allotment Release Order b. Allotment and Obligation Slip c. Notice of Cash Allocation d. Registry of Allotment and Obligation 16. In government accounting, which of the following is a Personnel service? a. Telephone charge b. Rent c. Meal allowance for overtime work d. Salaries and wages

17. In government accounting, which of the following is a capital outlay? a. Salaries and wages b. Repairs and maintenance c. Land improvement d. Mcrchandise inventory

18. It is the annual documents required at the onset of the budget execution phase, which contain the agencies' targets and plans for the current year. a. Agency Budget Matrix (ABM) b. Annual Cash Program (ACP) c. Budget Execution Documents (BEDS) d. Budget Accountability Report (BARS) 19. It is a budget execution document that serves as an overall plan of the government agency encompassing the targeted outputs and estimated obligations broken down by quarter. a. Physical and Financial Plan (PFP) b. Monthly Cash Program (MCP) c. Estimate of Monthly Income d. List not yet due and demandable obligations 20. It is a component of Budget Accountability Reports (BARs)" that should be reported on monthly basis. a. Monthly Cash Program b. List not yet due and demandable obligations c. Estimate of monthly income d. Statement of allotments, obligations and balances 21. It is a disbursement authority representing Modified Disbursement Checks issued and direct payments to external creditors per validated advice to debit account in the list of due and demandable accounts payable. a. Tax Remittance Advice (TRA)

b. c. d.

Notice of Cash Allocation (NCA) Non-Cash Availment Authority (NCAA) Cash disbursement Ceiling (CDC)

22. According to submit NBC No. 551 dated January of Budget 2, 2014, government are required to submit to the Department of Budget and management their plans, programs and targets for the year using the Budget Execution Documents (BEDs) on or before a. January 1 b. January 31 c. November 30 d. December 31 23. It is a budget where the proposed expenditures are equal to or less than the estimated revenues. a. Annual budget b. Supplemental budget c. Balanced budget d. Line-item budget 24. It is a budgeting approach that uses performance information to assist in deciding where the funds will go. a. Performance-Informed budgeting b. Zero-based budgeting c. Performance-based budgeting d. Line-item budgeting

25. It is a phase of budget cycle that starts upon the receipt of the President's budget by the House Speaker and ends with the President's enactment of the General Appropriations Act. a. Budget preparation b. Budget legislation c. c. Budget execution and operation d. Budget accountability 26. A budget, the basis of which are the objects of expenditure. a. Annual budget b. Special budget c. Line-item budget d. Supplemental budget 27. A budget of special nature and generally submitted in special forms on account that itemizations are not adequately provided in the Appropriations Act or that the amount are not at all included in the Appropriations Act. a. Annual budget b. Special budget c. Line-item budget d. Supplemental budget 28. This document outlines the priority areas of government activity applicable to the budget year.

a. Budget Message b. Budget Proposal c. Budget Call d. Budget Calendar 29. In government accounting, which of the following is Maintenance and Other Operating Expenses (MOOE): a. Night Shift Differential b. Janitorial Services c. Honorarium d. Salaries and wages 30. It is a budget release document that shall serve as obligational authority that replaced the Agency Budget Matrix. a. b. c. d.

General Appropriations Act Release Document (GÅARD) Allotment Release Program (ARP) Budget Execution Documents (BED) Budget Accountability Reports (BAR)

31. It is the expenditure authority derived from laws, appropriations, bills, government ordinances and other decisions related to the anticipated revenue or receipts for the budgetary period. a. Annual budget

b. Approved budget c. Appropriation d. Allotment 32.This form shall be used by the requesting offices in the utilization of their approved budget allocation per General Appropriation Act Release Document (GAARD) and other budgetary laws/authority, and be maintained by fund cluster. a. Budgetary Utilization Request and Status b. Request of Obligation and Allotment c. Obligation Request and Status d. Notice of Obligation Request and Status Adjustments

1. The Department budget and Management released the following to the Department of Public Works and Highways (DPWH) for the year 2018: Total Released Released General Appropriations Appropriations Allotments NCA Personal Services 350,000 150, 000 120,000 Maintenance and Other Operating Expenses 330,000 120, 000 90, 000 Capital Outlay 550,000 230, 000 200, 000 Financial Expense 23,000 14, 000 12, 000 Special Purpose Fund Maintenance And Other Operating Expenses 000

230, 000

150, 000

125,

The DPWH incurred the following obligations: Obligations General Appropriations Incurred Personal Services P 100, 000 Maintenance and Other Operating Expenses 80, 000 Capital Outlay 180, 000 Financial Expenses 10, 000 Special Purpose Fund Maintenance and Other Operating Expenses

P 120, 000

Required: 1. What is the amount of unfunded allotments to be reported by the Departmen t of Budget and Management in its Registry of Allotments and NCA for t he Department of Public Works and Highways?

2. What is the amount of unobligated allotment per RAOD for Personal Services, Maintenance and Other Operating Expenses, Capital Outlay' Financial Expenses and Special Fund Maintenance and Offer Operating Expenses?...