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 the 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.

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

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

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