SK Financial Statements and Other Reports Quiz Part II

This statement/report is used to provide additional information about liabilities and some non-cash assets such as receivables, supplies and materials, and property and equipment.

• Bank Reconciliation Statement (BRS)

• Statement of Comparison of Budget and Actual Amounts (SCBAA)

• Notes to Financial Statements (NFS)

• Report of Accountability for Accountable Forms

The Report of Accountability for Accountable Forms (RAAF) should be prepared by:

• SK Treasurer

• Budget Monitoring Officer

• COA Auditor

• SK Chairperson

In preparation of Bank Reconciliation Statement, the overstatement of recorded checks issued will cause the cash balance to be __________

• Overstated

• Understated

• Either overstated or understated

• Neither overstated or understated

The SK Treasurer shall post the Quarterly Statement of Receipts and Payments in the barangay bulletin board and in at least __________ conspicuous places within the jurisdiction of the barangay, and if possible, include the use of traditional and non-traditional media.

• 2

• 3

• 4

• 5

Failure on the part of the SK official concerned to submit the documents and reports mentioned herein shall automatically cause:

• the suspension of SK official until he/she shall have complied with the requirements of COA

• the suspension of the entire SK until they have complied with the requirements of COA

• the removal of SK official concerned until he/she have complied with the requirements of COA

• the suspension of payment of any amount due them until they have complied with the requirements of COA

__________ is prepared to report all requisitions and issuances of accountable forms. It is prepared quarterly by the SK Treasurer.

• Report of Accountability in Accounting Forms

• Report of Applied Accounts and Forms

• Relief on Accounting for Accountable Forms

• Report of Accountability for Accountable Forms

The __________ presents the original and final budget SK amounts and the actual SK amounts on a comparable basis. It is prepared by the __________ annually.

    

• SBCPB; SK Treasurer

• SCBAA; BMO

• SSPFCPB; SK Chairperson

• SCBAA; SK Treasurer

The __________ and __________ are prepared by the Budget Monitoring Officer (BMO) every quarter. These are based on Registries of Budget, Commitments, Payments and Balances (RBCPB)/ Registries of Specific Purpose Fund, Commitments, Payments and Balances (RSPFCPB), respectively.  

• QSRP and ASRP

• RBCPB and RSPFCPB

• BRS and RAAF

• SBCPB and SSPFCPB