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New Authorities Accounting System In The Philippines (NGAS)

New Authorities Accounting System In The Philippines (NGAS)


Accounting is an efficient instrument of administration in evaluating the efficiency of the completely different companies of presidency. The efficiency of the general public managers would rely at most, on monetary stories generated by way of accounting techniques.

Cognizant of this want, a brand new accounting system must be developed that might assist the completely different companies to hit on monetary targets, and on the similar time be understood by all customers of monetary stories.

With this new growth, the Fee on Audit (COA), below the brand new 1987 Structure, promulgated the New Authorities Accounting System within the Philippines (NGAs) to be used by all authorities companies.

The shift to NGAs was made in response to the next want:

1. Adoption of an accounting system that’s in conformity with the Worldwide Accounting Requirements.

2. Computerization of the accounting techniques to generate stories that will likely be simple to know by most people.

three. Preparation of normal and routinary monetary stories.

four. The usage of the generated monetary stories as instruments of administration in determination making.

Authorities Accounting – Outlined

Beneath Part 109, of the Presidential Decree (PD) no. 1445, defines Authorities Accounting as one which encompasses the method of analyzing, classifying, summarizing and speaking all transactions which are concerned within the receipt and disbursement of all authorities funds and properties, and deciphering the outcomes thereof. In pursuant to this definition, aims have been set to cowl a number of areas in authorities operations.

Aims of Authorities Accounting

1. To supply related monetary details about previous and current transactions of presidency.

2. To function foundation for determination making for future operations

three. To function the management mechanism for the receipt, disposition and utilization of presidency funds and properties

four. To give you monetary stories pertaining to the outcomes of operations of assorted authorities companies which are for dissemination to the general public.


The necessity for well timed preparation of monetary stories in authorities is critical to guage the efficiency of the completely different companies of presidency. The results of the stories would point out the areas which will nonetheless want enchancment, in addition to give you the budgetary necessities for these companies if wanted.

Public officers are managers of funds, which are entrusted to them by the nationwide authorities. The monetary stories would clearly present if the companies are attaining what is remitted of them. These stories would additionally present the extent in the usage of company belongings and sources, in addition to the necessity for extra infusion of funds if required

The accounting information would present how the funds of presidency have been used. This might additionally reveal the influx and outflow of funds and the necessity for stiffer fund administration and management, if vital.

On Accounting Accountability

This fiscal accountability emanates from the Structure and its governing legal guidelines, guidelines and promulgation. The mandate as prescribed below the mentioned Structure of the Philippines requires the protecting of the final accounts, in addition to the promulgation and submission of monetary stories that might cowl the operations of presidency.

The federal government officers which are mandated to discharge the above-stated Accounting tasks are the Fee on Audit (COA), the Division of Finances and Administration (DBM) and the Bureau of Treasury (BTr) – to discharge the features of presidency in consonance with its dedication to all Filipinos.

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