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WorksheetsGame Day 1
Total questions: 10
Worksheet time: 2mins
What are the phases of the Government Budget Cycle?
Preparation, Legislation, Execution, and Accountability
Legislation, Preparation, Execution, and Accountability
Preparation, Accountability, Legislation, and Execution
Preparation, Accountability, Execution, and Legislation
These are liabilities legally incurred by the and committed to be paid for by the Government either immediately or in the future.
Appropriation
Allotment
Obligation
Disbursement
Accounts Payable
This refers to the settlement of obligations and/or accounts payable by cash.
Cash Transfer
Fund Transfer
Disbursement
Gcash
Seeking the endorsement of HRAD and/or ICTD for new programs/projects/activities is done after submission of the requesting Office's PPMP.
True
False
The Supervising Commissioner and/or the FMD have the authority to approve, disapprove, or modify budget proposals submitted by the offices of SEC.
True
False
What is the form required for submission during SEC budget preparation and consolidation?
Physical Report of Operations
Budget Execution Documents (BEDs)
Project Procurement Management Plan (PPMP)
What are the documents that indicates the complete descriptions, computations, parameters of the items or projects being proposed?
Technical Specifications and Terms of Reference
Terms of Reference and Project Procurement Management Plan
Physical Report of Operations and Technical Specifications
Is the procurement process connected with the yearly preparation of budget of a government agency?
Yes
No
Office A indicated brand names in their project descriptions since it is the equivalent of the items they require. Is this allowed under the procurement law?
Yes
No
This issuance prescribes the rules and regulations and rates of expenses and allowances for official local and foreign travels of government personnel
COA Circular No. 2012-001
Government Accounting Manual for National Government Agencies
Executive Order No. 77, series of 2021
COA Circular 97-002
