New Authorities Accounting Program In The Philippines (NGAS)


Accounting is an successful instrument of management in assessing the overall performance of the different companies of federal government. The functionality of the public administrators would depend at most, on financial studies created by the use of accounting techniques.

Cognizant of this want, a new accounting program wants to be produced that would help the distinct companies to strike on monetary targets, and at the same time be understood by all consumers of fiscal stories.

With this new improvement, the Commission on Audit (COA), underneath the new 1987 Structure, promulgated the New Govt Accounting Program in the Philippines (NGAs) for use by all authorities agencies.

The shift to NGAs was made in response to the adhering to require:

1. Adoption of an accounting system that is in conformity with the Global Accounting Specifications.

two. Computerization of the accounting systems to generate stories that will be straightforward to understand by the basic community.

three. Preparation of regular and routinary fiscal stories.

four. The use of the generated economic stories as instruments of administration in decision creating.

Government Accounting – Defined

Beneath Section 109, of the Presidential Decree (PD) no. 1445, defines Govt Accounting as one that encompasses the method of examining, classifying, summarizing and speaking all transactions that are included in the receipt and disbursement of all govt money and properties, and interpreting the final results thereof. In pursuant to this definition, targets had been set to cover several regions in federal government operations.

Objectives of Authorities Accounting

1. To create relevant monetary details about past and current transactions of federal government.

two. To provide as foundation for choice creating for future operations

three. To serve as the handle mechanism for the receipt, disposition and utilization of authorities funds and houses

4. To appear up with financial stories pertaining to the outcomes of functions of a variety of authorities companies that are for dissemination to the community.


The need to have for timely planning of financial reports in authorities is essential to appraise the performance of the different organizations of government. The outcome of the reports would reveal the regions that might nevertheless need to have advancement, as nicely as arrive up with the budgetary requirements for these agencies if necessary.

General public officers are professionals of money, that are entrusted to them by the countrywide govt. The fiscal studies would obviously show if the agencies are obtaining what is mandated of them. These reports would also show the extent in the use of company property and methods, as effectively as the want for further infusion of funds if essential

The accounting data would demonstrate how the funds of government have been employed. This would also expose the influx and outflow of resources and the require for stiffer fund administration and control, if necessary.

On Accounting Responsibility

This fiscal accountability emanates from the Constitution and its governing legal guidelines, rules and promulgation. sunsystems hong kong as recommended under the mentioned Constitution of the Philippines calls for the maintaining of the standard accounts, as nicely as the promulgation and submission of financial studies that would go over the functions of govt.

The govt officers that are mandated to discharge the above-said Accounting obligations are the Commission on Audit (COA), the Office of Spending budget and Management (DBM) and the Bureau of Treasury (BTr) – to discharge the functions of federal government in consonance with its motivation to all Filipinos.

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