Free Printable Finance Assembly

Worksheets

Finance Assembly

Total questions: 20

Worksheet time: 10mins

Name

Class

Date

A harmonized coding structure jointly developed by the DBM, COA, DOF and BTR which aims to facilitate financial reporting and consolidation of actual revenue collection and expenditures, enable the assessment of out turns against transparency/accountability and improve efficiency in terms of utilization of government funds.

Universal Accounts Code Structure

Unified Accounts Code Structure

United Accounts Code Structure

None of the Above

This automated system allows online or electronic submission and encoding of the plans/targets, i.e., physical, financial and disbursement program, and actual accomplishments, i.e., budget, and financial accountability reports, of departments/agencies/implementing operating units

Electronic National Government Accounting System (e-NGAS)

Unified Reporting System (URS)

BIR Alphalist of Payees and Supplier

None of the Above

Extraordinary and miscellaneous expenses include, but not be limited to, expenses incurred for

Meetings, seminars, and conferences

Official entertainment

Public relations

All of the Above

For Uniform or Clothing Allowance, an amount not exceeding Six Thousand Pesos (P6,000) per year is hereby authorized for the payment of uniform or clothing allowance to each qualified government employee, subject to (a) and such other guidelines issued by the DBM

Choose from the below words

B.C. No. 2018-1 dated March 8, 2018

B.C. No. 2018-3 dated March 8, 2018

B.C. No. 2018-2 dated March 8, 2018

None of the Above

It encompasses the processes of analyzing, recording, classifying, summarizing and communicating all transactions involving the receipt and disposition of government funds and property, and interpreting the results thereof.

Government Budgeting

Government Accounting

Government Policies

None of the Above

It comprises all funds derived from the income of any agency of the government and available for appropriation or expenditure in accordance with law.

Net assets/equity

Assets

Revenue Funds

Distributions to owners

___________________________ is the comprehensive authority issued to all national government agencies, in general, to incur obligations, i.e., Retirement and Life Insurance Premium (RLIP), except RLIP for the departments/agencies chargeable against Special Accounts in the General Funds (SAGFs) and those covered by special arrangements.

GAA-as-Allotment-Order (GAAAO)

General Allotment Release Order (GARO)

Special Allotment Release Order (SARO)

None of the Above

This report shall reflect the authorized appropriations and adjustments, total allotments received including transfers, total obligations, total disbursements and the balances of unreleased appropriations, unobligated allotments, and unpaid obligations of a department/office/entity by source and by allotment class.

Statement of Appropriations, Allotments, Obligations, Disbursements and Balances – Financial Accountability Report (FAR) No. 1 (SAAODB)

Statement of Appropriations, Allotments, Obligations, Disbursements and Balances – Financial Accountability Report (FAR) No. 1A (SAAODB)

Statement of Appropriations, Allotments, Obligations, Disbursements and Balances – Financial Accountability Report (FAR) No. 1B (SAAODB)

None of the Above

_____________________is the specific authority issued by DBM to identified agencies to incur obligations not exceeding a given amount during a specified period for the purpose indicated. It shall cover expenditures the release of which is subject to compliance with specific laws or regulations, or is subject to separate approval or clearance by competent authority.

GAA-as-Allotment-Order (GAAAO)

General Allotment Release Order (GARO)

Special Allotment Release Order (SARO)

None of the Above

10.

It provides information to users of FSs a basis to assess the ability of the entity to generate cash and cash equivalents and to determine the entity’s utilization of funds. This also provides information on how the entity generates income authorized to be used in their operation and its utilization.

Statement of Financial Position

Statement of Financial Performance

Statement of Cash Flows

Statement of Comparison of Budget and Actual Amounts

11.

It is the authorization made by a legislative body to allocate funds for purposes specified by the legislative or similar authority.

Allotment

Appropriation

Automatic Appropriations

None of the Above

12.

It is an authority issued by the DBM to central, regional and provincial offices and operating units to cover the cash requirements of the agencies

Notice of Transfer of Allocation

Notice of Cash Allocation

Non-Cash Availment Authority

None of the Above

13.

Rules and Regulations on the Grant of the Mid-Year Bonus.

Budget Circular No. 2017-3

Budget Circular No. 2018-2

Budget Circular No. 2017-1

None of the Above

14.

Which is not under the set of General Purpose Financial Statements?

Statement of Financial Position

Statement of Comparison of Budget and Actual Amounts

Notes to the Financial Statements

Cash Disbursements Journal

15.

This executive order prescribes rules and regulations and rates of expenses and allowances for official local and foreign travels of government personnel.

Executive Order No. 78

Executive Order No. 87

Executive Order No. 77

Executive Order No. 79

16.

For Local Travels, If you add the maximum allowable Daily Travel Expenses of Region VIII and Region X the sum will be?

P 3,300.00

P 3,000.00

P 3,700.00

P 3,600.00

17.

___________________are the authorizations to support obligations for a specific purpose or project, such as multi-year construction projects which require the incurrence of obligations even beyond the budget year.

Current Appropriations

Continuing Appropriations

Automatic Appropriations

None of the Above

18.

It is the authority issued by the Central Office to its regional and operating units to cover the latter’s cash requirements.

Notice of Transfer of Allocation

Notice of Cash Allocation

Non-Cash Availment Authority

None of the Above

19.

It refers to the amount granted to cashiers, disbursing officers, paymasters, and/or other accountable officers for the payment of expenses such as salaries and wages, commutable allowances, honoraria and other similar payments to officials and employees.

Special Cash Advance

Regular Cash Advance

Petty Cash Fund

None of the Above

20.

It refer to portions or balances of any programmed appropriation in this Act free from any obligation or encumbrance which are: (i) still available after the completion or final discontinuance or abandonment of the work, activity or purpose for which the appropriation is authorized; (ii) from appropriations balances arising from unpaid compensation and related costs pertaining to vacant positions and leaves of absence without pay; and (iii) from appropriations balances realized from the implementation of measures resulting in improved systems and efficiencies and thus, enabled agencies to meet and deliver the required or planned targets, programs, and services.

Savings

Augmentation

Realignment

None of the Above

Reset

Finance Assembly

Total questions: 20

Worksheet time: 10mins

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