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WorksheetsFiscal Management
Total questions: 10
Worksheet time: 7mins
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.
(a)
It is the data source for the MOOE; comprised of information such as number of students, number of teachers.
(a)
The ability to develop and manage financial systems through responsible stewardship of fiscal resources.
(a)
It is the role that the school principal takes in ensuring the resources are accounted for accurately
(a)
