New Government Accounting Program In The Philippines (NGAS)


Accounting is an effective tool of administration in assessing the performance of the diverse organizations of government. The efficiency of the public supervisors would depend at most, on economic reviews created by the use of accounting programs.

Cognizant of this require, a new accounting program needs to be created that would help the diverse organizations to strike on financial targets, and at the very same time be understood by all consumers of economic studies.

With this new growth, the Commission on Audit (COA), under the new 1987 Structure, promulgated the New Govt Accounting Technique in the Philippines (NGAs) for use by all authorities agencies.

The change to NGAs was made in response to the pursuing require:

1. Adoption of an accounting method that is in conformity with the Worldwide Accounting Specifications.

2. Computerization of the accounting systems to create reports that will be easy to understand by the common community.

three. Preparing of regular and routinary financial reviews.

four. The use of the produced economic reports as instruments of administration in choice producing.

Federal government Accounting – Defined

Under Part 109, of the Presidential Decree (PD) no. 1445, defines Govt Accounting as a single that encompasses the approach of examining, classifying, summarizing and speaking all transactions that are involved in the receipt and disbursement of all government money and properties, and decoding the final results thereof. In pursuant to this definition, goals were established to go over many regions in federal government operations.

Goals of Government Accounting

one. To make pertinent economic data about past and existing transactions of authorities.

two. To provide as foundation for choice producing for potential functions

3. To serve as the manage mechanism for the receipt, disposition and utilization of federal government resources and qualities

4. To occur up with economic reports pertaining to the benefits of operations of numerous authorities businesses that are for dissemination to the general public.


The require for timely planning of economic reviews in government is required to evaluate the functionality of the various agencies of govt. The end result of the reports would indicate the places that could nonetheless need to have advancement, as effectively as appear up with the budgetary needs for these businesses if required.

General public officers are managers of cash, that are entrusted to them by the countrywide authorities. sunsystems hong kong would clearly demonstrate if the companies are obtaining what is mandated of them. These stories would also display the extent in the use of agency belongings and sources, as well as the need to have for further infusion of money if required

The accounting info would demonstrate how the resources of government were utilised. This would also reveal the influx and outflow of cash and the need for stiffer fund management and handle, if required.

On Accounting Accountability

This fiscal duty emanates from the Structure and its governing laws, guidelines and promulgation. The mandate as prescribed beneath the said Structure of the Philippines calls for the trying to keep of the common accounts, as properly as the promulgation and submission of monetary reports that would go over the operations of government.

The authorities officers that are mandated to discharge the previously mentioned-said Accounting responsibilities are the Commission on Audit (COA), the Office of Price range and Management (DBM) and the Bureau of Treasury (BTr) – to discharge the features of govt in consonance with its determination to all Filipinos.

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