(Activity No. 1) PDF

Preview

Summary

Multiple Choice: Nahihirapan ka na bang pumili kung sino or alin sa kanila? Pero mas mahirap piliing gawin ang naiaatas na pagsusulit/homework sa dami ng pwede mong panoorin sa Netflix or sa goal mon a mapanood lahat ng Kdrama series na nasa watchlist mo? Englishin natin ang dapat mong gawin para di...

Description

Multiple Choice: Nahihirapan ka na bang pumili kung sino or alin sa kanila? Pero mas mahirap piliing gawin ang naiaatas na pagsusulit/homework sa dami ng pwede mong panoorin sa Netflix or sa goal mon a mapanood lahat ng Kdrama series na nasa watchlist mo? Englishin natin ang dapat mong gawin para di ka na mahirapan at nakacaps lock na din para mas madali mong makita .--- SELECT THE BEST/CORRECT ANSWER AND HIGHLIGHT IN FULL YOUR CHOICE INSTEAD OF DRAWING A STAR/CIRCLE AROUND THE LETTER. YOU CAN SHOW YOUR ARTISTIC SKILLS IN YOUR PHOTO EDITS 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 Appreciation Act. a. Statement of financial position b. Statement of operations c. National government budget d. Local government budget 4. Which department prepares the national budget, which serves as the basis of the General Appropriation Act? a. Executive Department b. Legislative Department c. Judiciary Department d. National Government Agencies/ Units 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 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 Allotment and Obligation 16. In government accounting, which of the following is a Personal 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. Merchandise 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 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. Notice of Cash Allocation (NCA) c. Non-Cash Availment Authority (NCAA) d. Cash Disbursement Ceiling (CDC) 22. According to NBC No.551 dated January 2,2014, government agencies 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 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 President’s budget by the House of Speaker and ends with the President’s enactment of the General Appropriation Act. a. Budget preparation b. Budget legislation c. Budget execution and operation d. Budget accountability 26. A budget, the basis of which are 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 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 Expense (MOOE). a. Night Shift Differential b. Janitorial Services c. Honorarium d. Salaries and wages 30. It Is the budget release document that shall serve as obligational authority that replaced the Agency Budget Matrix. a. General Appropriations Act Release Document (GAARD) b. Allotment Release Program (ARP) c. Budget Execution Documents (BED) d. Budget Accountability Reports (BAR) 31. It is the expenditure authority derived from laws, appropriations, bills, government ordinances and other decisions related to 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 Appropriations Act Release Document (GAAARD) and other budgetary laws/authority; and shall be maintained by fund cluster. a. Budgetary Utilization Requests and Status b. Request Obligation and Allotment c. Obligation Requests and Status d. Notice of Obligation Requests and Status Adjustments

Essay: Dahil sa ECQ ngayon, madami kang oras para magisip. Makikisiksik na din sa mga iniisip mo ang mga katanungang patungkol kay GovAcc para naman hindi ulam or meryenda ninyo ngayong lockdown ang tanging iniisip ninyo or kung kamusta na ba ng bf/gf ninyo. Dahil dito, makakaiwas din kayo sa posibleng away na maaring mabuo dahil nawawalan na siya ng oras sa iyo at lalo na’t magkalayo kayo at puro ML/PUBG/DOTA inaatupag ni bf or binge watching/movie marathon/makeup tutorial/photo edits with “tulo-tulo/drop stickers”/selfies naman kay gf; or maari din na isa sa mga pinagtutuunan mo ng pansin ay iyong patungkol sa complaints/hinaing laban sa Online learning at nung mayroong 1-month extension of classes: nagcomplain ka pa din? Mahalagang pagtuunan din ng pansin ang mga problema ng bayan gaya ng mga katanungang nakalahad dito: 1) What is the agencies/units? 

General

Accounting

Plan

of

government

The General Accounting Plan simply shows the overall accounting system of a government agency/unit. It involves source documents, the flow of transactions, and the conversion into financial information presented in the financial reports.

Enumerate and explain the accounting systems in the NGAS national.  Budgetary Account System - this system encompasses the processes of preparing the budget released document, monitoring...