NEAP - FISCAL MANAGEMENT

An act providing for the modernization, standardization and regulation of the procurement activities of the government and for other purposes.

• 9148

• RA 9184

• RA 9814

• RA 9841

It is the incurring of a liability, the payment of cash, or the transfer of property for the purpose of acquiring an asset or service or settling a loss, when unqualified, the accrual basis of accounting is assumed.

• Appropriation

• Disbursement

• Expenditure

• Finance

An authorization made by law or other legislative enactments of obligations to be incurred and allowing payments to be made with funds of the government under specified conditions and/or specified purposes.

• Appropriation

• Disbursement

• Expenditure

• Finance

Supplies, Cash, School Buildings are just some example of this accounting term.

• Asset

• Expenditure

• Liabilities

• Procurement

An authorization issued by the DBM which allows agencies / offices to incur obligations up to a specified amount that is within a legislative appropriation as reflected in the Advice of Allotment.

• Allotment

• Disbursement

• Distribution

• Grant

This refers to the acquisition of goods, consulting services, and the contracting for infrastructure projects by procuring entity.

• Asset

• Disbursement

• Expenditure

• Procurement

It is allocated funds for public elementary and secondary schools that can be spent on activities and necessities (i.e. electricity and water) that support learning programs and help maintain a safe and healthy environment in schools.

• MOOE

• GA

• SIP

• BAC

It is the data source for the MOOE; comprised of information such as number of students, number of teachers.

• BEIS

• LIS

• SBM

• MOOE

The ability to develop and manage financial systems through responsible stewardship of fiscal resources.

• Fiscal Management

• Disbursement

• Appropriation

• Procurement

It is the role that the school principal takes in ensuring the resources are accounted for accurately.

• Fiscal Manager

• LAC Leader

• BAC Leader

• FInance Leader