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    NGAS Vol 1 CH 1

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    niqdelrosario
    NGAS

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    Download as PDF, TXT or read online from Scribd

    NGAS Vol 1 CH 1

    Uploaded by

    niqdelrosario
    1K views2 pages
    NGAS

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    NGAS Vol 1 Ch 1

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    © Attribution Non-Commercial (BY-NC)

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    NGAS

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views2 pages

    NGAS Vol 1 CH 1

    Uploaded by

    niqdelrosario
    NGAS

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    NGAS Manual for NGAs (Volume I - Accounting Policies)

    6/17/13 7:57 PM

    NGAS Manual for National Government Agencies Volume I - Accounting Policies

    CHAPTER 1. INTRODUCTION

    Sec. 1. Objectives of the Manual. The New Government Accounting System (NGAS) Manual presents the basic policies and procedures; the new coding system; the accounting systems, books, registries, records, forms, reports, and financial statements; and illustrative accounting entries to be adopted by all national government agencies effective January 1, 2002. The objectives of the Manual are to prescribe the following: a. Uniform guidelines and procedures in accounting for government funds and property; b. New coding structure and chart of accounts; c. Accounting books, registries, records, forms, reports and financial statements; and d. Accounting entries.

    Sec. 2. Coverage. This Manual shall be used by all national government agencies.

    Sec. 3. Legal Basis. This Manual is prescribed by the Commission on Audit pursuant to Article IX-D, Section 2 par. (2) of the 1987 Constitution of the Republic of the Philippines which provides that: "The Commission on Audit shall have exclusive authority, subject to the limitations in this Article, to define the scope of its audit and examination, establish the techniques and methods required therefor, and promulgate accounting and auditing rules and regulations, including those for the prevention and disallowance of irregular, unnecessary, excessive, extravagant, or unconscionable expenditures, or uses of government funds and properties". (underscoring supplied)

    [Volume I - Table of Contents]

    [Volume II - Table of Contents]

    [Volume III - Table of Contents]

    General Information About COA | Rules and Regulations Human Resource Management Information | Annual Financial Reports Fraud Alert | COA News | Annual Audit Reports | GWSPA Reports | COA Decisions and Opinions SC Decisions/Resolutions Affecting COA | COA Bids and Awards | COA Training Program What's New | Government / Other Links | Technical Services Data Center
    http://www.coa.gov.ph/NGAS/natl/natl_ngas-c1v1.asp Page 1 of 2

    NGAS Manual for NGAs (Volume I - Accounting Policies)

    6/17/13 7:57 PM

    COA Gender and Development | COA e-Library | Home


    For your comments or suggestions about this website, please send e-mail to [email protected] Maintained by COAWEB Center, Systems Administration Services Information Technology Office Copyright 1999-2013 Commission on Audit. All Rights Reserved.

    http://www.coa.gov.ph/NGAS/natl/natl_ngas-c1v1.asp

    Page 2 of 2

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