WorksheetsGovernment Accounting
Total questions: 14
Worksheet time: 5mins
which of the following is not a Role/Responsibility of a Program Manager?
They monitor project progress against the plan which they help design (in terms of quantity, quality, timeliness and cost)
They identify issues and resolve them, as well as identify risks and manage them
They oversee/manage the project and define/implement control measures
They take care of internal and stakeholders’ communication/relationships/
coordination
None of the above
Monitoring is a routine process of data collection and measurement of progress toward program objectives It involves tracking what is being done and routinely looking at the types and levels of resources used the activities conducted the products and services generated by these activities, including the quality of services and the outcomes of these services and products
True
False
Evaluation is a process that attempts to determine as systematically and objectively as possible the relevance, effectiveness, and impact of activities in light of their objectives
True
False
The amount allocated for M E budget of agencies shall
not exceed 5% of the total annual program/project cost
per project category
True
False
The year-end report on the allocation and use of the 3% M&E expenses of the agency shall be submitted?
Within 30 days following the end of the year
Within 25 days following the end of the year
Within 10 days following the end of the year
Within 15 days following the end of the year
Provided the policy framework, guiding principles, and operational arrangements for the Results-Based Monitoring, Evaluation, and Reporting system in the government, in order to strengthen its implementation and address the observed weaknesses and limitations of the current MER processes
NBC 565
NBC 560
NBC 650
NBC 506
LOW DISBURSEMENT MEANS? (3 correct answers)
Delivery of public service is delayed
Involves additional/unnecessary cost of borrowing
A drag to Gross Domestic Product (GDP) growth
Low cash disbursement
Save government funds
APR is a tool to:
determine the need for additional
release of funds to the agency
measure agency performance
know the appropriate level of agency
budget
All of the above
Agency Performance Review (APR) is to determine the level of performance of each agency in terms of physical outputs as well as actual expenditures incurred vis à vis targets for the same period.
True
False
Annual documents required at the onset of the budget execution phase, which contains the agencies’ targets and plans for the current year.
Budget Execution Documents (BEDs)
Agency Performance Review (APR)
Budget and Financial Accountability Reports (BFARs)
Unified Reporting System (URS)
Which of the following is not an accounting process?
Recognize transactions in the Journals (General and Special Journals)
Posting in the ledgers
Preparation of trial balance
Preparation of adjusting entries
All of the above
Failure on the part of the officials concerned to submit the documents and reports mentioned herein shall not cause the automatic suspension of payment of their salaries for non-compliance with the requirements of the Commission
True
False
Chart of Accounts is? (2 correct answers)
Financial organizational tool
Use as a report to the management
List of every account in an accounting system
Part of Financial Statements
Accounting is a process of identifying, measuring, communicating economic information
True
False
