Journal Entry Voucher to cover 2013-004 dated January 30, 2013 Re: Information and Publicity on Programs/Projects/Activities of the Government Agencies, Availability of Web-based Annual Financial Reporting System (AFRS) and Budget and Financial Accountability Reporting System (BFARS), Restatement with amendments of COA Accounting Circular No. 2004-008 dated September 20, 2004, as amended, to the Revised Chart of Accounts for Government Corporations under COA Circular No. 17 and COA Circular No. This account is used to close the Revenue/lncome … 2015-009 - December 01, 2015, COA CIRCULAR NO. 2004-008 dated September 20, 2004 as amended, to the Revised Chart of Accounts for National Government Agencies under Commission on Audit Circular No. Revised Chart of Accounts (RCA) for Government Corporations COA Circular No. Recognition Liabilities are recognized only when goods are delivered and/or services rendered or when supplier’s bills are received. Further, reiterated that Management: Provide reliable basis for recognition, measurement, presentation, and disclosure in the books of accounts of the Other Assets (290) amounting to P1.323 billion; and hެ�Qk�0��J�A�j�9��}؄v��w5�&]Ǻ_���97pcP�ͽ�s��r�0¯Ȑq��d� ��#.~��!��Ʉ�:i���� 2017-3 on the Guidelines on the Grant of Collective Negotiation Agreement Incentive for FY 2017 On December 29, 2017, NEA book up an accrual for the grant of CNA Incentive to its officers and employees for the year 2017 amounting to P7,525,000.00. (GL 185) in accordance with COA Circular No. h�b```a``j�Lq~� ��ea���p�������[�98:`@�� -��y��$�h� �{d70Nb�c��6��%��@��AZp!H���� ��e` Vu� Accounting Supervisor/ Acctg Data Processor a Recored Adjustment per JEV 04-072-17 dated April 30, 2017 c) Direct the Accountant to drop/derecognize from NFC books the amount of drums and pallets that can no longer be accounted for based on available records. 2015-010. Present the foreclosed lands purchased in Bani/Bolinao at its current fair value under Other Assets pursuant to COA Circular No. 2016-014 was issued on 12 August 2016 to be consistent with the objective of Republic Act No. Impairment is only recognized when there is substantial evidence of the decline in the value of the property and equipment. h�bbd``b`Z$Ӂ��e;$�A� q $v��� n��"� v qK����a-�(F��ƣ� �8 Agency Receivables contrary to COA Circular No. 2013-001 - January 10, 2013 Subject: Amendment to COA Circular No. 1, s. 2020. and COA Circular No. 5. 6713 and/or Section 183 (False Testimony in Other Cases and Perjury in Solemn Affirmation) of the Revised Penal Code, whichever is applicable. 2014-003 – Conversion from the Philippine Government Chart of Accounts under the New Government Accounting System per Commission on Audit Circular No. Collection. Whereas, the Department of Agriculture-Office of the Secretary (DA-OSEC) including its Staff Bureaus and Regional Field Offices, Technical Education and Skills Development 2015-010; and b. Reclassify the idle land located in Tandang Sora under Other Assets in the Financial Statements pursuant to PPSAS 17 and COA Circular No. 003, s. 2015 on the payment of terminal leave benefits and observe the rules on monetization of leave provided under Section 22 of Omnibus Rules on Leave. 2015-010. COA Issuances. Corporations (GCs) classified as Government Business Enterprises (GBEs) under COA Circular No. proposed by COA Auditors. 2015-010 and PPSAS 1. The district has not adopted the Revised Chart of Accounts for Government Corporations as per COA Circular No. 2015-010 dated December 1, 2015, new, revised and deleted accounts, and relevant accounting … 2015-010 - December 01, 2015, COA CIRCULAR NO. The Center was not able to reflect the dropping of PPE accounts because of the difficulties it encountered in complying with the requirements of Sec. (RCA) for Government Corporations prescribed in COA Circular Nos. 10 The financial statements have been prepared using the measurement bases specified by PFRS for each type of asset, liability, income and expense. Details. 2015-001 - January 29, 2015. 1, s. 2020 Administrative Order on the COVID-19 Hazard Pay Issued The Executive Secretary, by the authority of the President, signed on 23 March 2020 Administrative Order No. DOLE IV-A did not comply with the provisions of COA Circular No. The value of the property will be adjusted in NEA’s books of accounts as soon as the market value is determined by Bani Municipal Assessor’s Office. 2015-002 - March 9, 2015, COA CIRCULAR NO. 431, dated May 30, 2005, Disaster Risk Reduction and Management Reports, Official Development Assistance (ODA) Project, For your comments or suggestions about this website, please send e-mail to coaweb@coa.gov.ph, Maintained by Information Systems Administration and Support Services (ISAdSS), Information Technology Office, For your comments or suggestions about this website, please send e-mail to, Official Development Assistance (ODA) Projects, Commission on Audit Grievance Settlement Committee, COA CIRCULAR NO. withholding taxes which is not in compliance with COA Circular 2015-010 (Revised Chart of Accounts for Government Owned and Controlled Corporation) and PPSAS 1 and Tax withheld on the &saki:eyed payment to PSALM Corporation officers and employees amounting to P11..026 million was adjusted twice in the books resulting to 2015-008 - November 23, 2015, COA CIRCULAR NO. These financial statements COA Circular No. endstream endobj 34 0 obj <>stream Tags. 2016-006 dated December 29, 2016 prescribed guidelines on the conversion from the Philippine Government Chart of Accounts under the New Government Accounting System per COA Circular No. 17 and COA Circular No. 94- 013 dated December 13, 1994 and COA Circular No. The effective date in the implementation of PPSAs (phase I) and the Revised Cart of Accounts is January 2, 2016. Further, reiterated that Management: Provide reliable basis for recognition, measurement, presentation, and disclosure in the books of accounts of the Other Assets (290) amounting to P1.323 billion; and . COA Circular 2012-001: Prescribing the Revised Guidelines and Documentary Requirements for Common Government Transactions. 2015-003 dated April 16, 2015 classified PDGCC as a GBE. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF RECORDING The financial statements are prepared on an accrual basis in accordance with the Philippine 2015- 010 dated December 1, 2015 resulting in the overstatement of income and expense in the amount of P27.744 million and P25.342 million respectively. 2017 MS. EVELYN S. MARAF40N Supervising Auditor Commission Audit Dear Ms Marañon; Respectfully submitting to office the documents: 2, 3. 2015- 010 dated December 1, 2015 resulting in the overstatement of income and expense in the amount of P27.744 million and P25.342 million respectively. PUBLIC-PRIVATE PARTNERSHIP CENTER OF THE PHILIPPINES AGENCY ACTION PLAN AND STATUS OF IMPLEMENTATION Audit Observations and Recommendations For the Calendar Year 2016 As of May 31, 2017 Agency Action Plan Audit Person/ Target Implementation Recommendations Action Plan Dept. 2015-010 dated December 1, 2015 for the difference between the carrying amount and the recoverable amount of the assets. 2015-010 - December 01, 2015. 2013-002 dated January 20, 2013, additional accounts/revised … Scorecard between NEA and GCG as required under Budget Circular No. (c) Functional and Presentation Cunency Page 4 of 15 COA Circular No. Accounting Supervisor/ Acctg Data Processor a Recored Adjustment per JEV 04-072-17 dated April 30, 2017 c) Direct the Accountant to drop/derecognize from NFC books the amount of drums and pallets that can no longer be accounted for based on available records. 2015-010 dated 01 December 2015, Other Receivables is used to recognize amount due from debtors and other entities not falling under any of the specific receivable account. Fully Implemented AAR 2018. Audit of the account disclosed the following: 2.2.1. 2015-010. 2012-001 and GSIS Memorandum Circular No. 2.1 Under COA Circular No. Page 4 of 15 This account is credited for payment/liquidation of receivables. %%EOF 2004-008 dated September 20, 2004 as amended, to the Revised Chart of Accounts for National Government Agencies under Commission on Audit Circular No. 2015-010; b.Effect the following journal entries to record the receipt of creditable withholding taxes (with BIR Form 2307) and the claiming/application of the tax credit in the Annual Tax Return. 2007-003 dated January 19, 2007 on the Submission of Year-End Financial Statements and Other Financial Reports/Schedules for Inclusion in the Annual Financial Report (AFR)"for GOCCs and their Subsidiaries starting FY 2014, Classification of all Government Corporations and other entities/instrumentalities with corporate powers as Government Business Enterprises (GBEs) or Non-GBEs for the purpose of determining the applicable Financial Reporting Framework in the preparation of their Financial Statements and Prescribing Guidelines therefor, Supplementary guidelines on the preparation of financial statements and other financial reports, the transitional provisions on the implementation of the Philippine Public Sector Accounting Standards, and the coding structure, Prescribing the guidelines and procedures in the Reversion to the General Fund of all Dormant Cash, Unauthorized Accounts, Unnecessary Special and Trust Funds and Related Accounts, in conformity with Permanent Committee Joint Circular No. 2015-010 dated December 1, 2015 prescribed the adoption of the Revised Chart of Accounts (RCA) for GCs consisting of Government-Owned or Controlled Corporations (GOCCs), Government Financial Institutions (GFis), Government Instrumentalities with Corporate Powers (GICPs)/ Government Corporate Entities (GCEs), and their Subsidiaries, and Water Districts. CONVERSION OF SICIWA CHART OF ACCOUNTS FROM NGAS TO REVISED CHARTS OF ACCOUNTS ASSETS 102 Cash-Collecting Officers1-01-01-010 Cash Collecting Officer 104 Petty Cash Fund1-01-01-020 Petty Cash 2015-004 - July 16, 2015, COA CIRCULAR NO. The Center was not able to reflect the dropping of PPE accounts because of the difficulties it encountered in complying with the requirements of Sec. 2004-008 dated September 20, 2004, and hereby prescribes the RCA for GCs (Annex A), forming part of this Circular, to be adopted by all GCs in consonance with the rule making function of this Commission and as ... COMMISSION ON AUDIT CIRCULAR NO. 2015-010 (Revised Chart of Accounts for Government Owned and Controlled Corporation) and PPSAS I ; and v. Instruct Treasury Department to secure the required certificate of creditable withholding tax for all taxes … Implemented . 2015-005 - July 16, 2015, COA CIRCULAR NO. Not Implemented. As Non-GBE, the Philippine Public Sector Accounting Standards (PPSAs) and the Revised Chart of Accounts (RCA) for Government Corporations COA Circular No. 2015-003 dated April 16, 2015 classified PDGCC as a GBE. 2004-008 dated September 20, 2004, as amended, to the RCA for GCs under COA Circular No. Recommendations . 2015-010 dated December 01, 2015. 2015-010 dated December 01, 2015, new, revised and deleted accounts, and relevant accounting policies … 2016-006 dated December 29, 2016 prescribed guidelines on the conversion from the Philippine Government Chart of Accounts under the New Government Accounting System per COA Circular No. 2015-010 dated December 01, 2015. 2015-010 dated December 1, 2015 shall apply in the preparation of the financial statements and other related financial reports. (COA AAR CY 2017) pp.132-137 Total proportionate amount of P49,142.06 was not deducted from the Transportation Allowance (TA) of 15 agency officials notwithstanding their frequent use of motor vehicles during the year, contrary to COA Circular No. We recommended that Management Not Implemented adjust the books for the erroneous booking of income and expense and to comply sfrictly with the provisions of 4.2 of COA Circular No. 2015-010 dated 01 December 2015, Other Receivables is used to recognize amount due from debtors and other entities not falling under any of the specific receivable account. Click here to view COA and DBM Joint Circular no. COA Circular No. 5 Jn light thereof, this Commission revokes COA Circular No. ����"3�.76Pmi�G[�7X���Q5}:��Nq�Y����ț����h�g��U�A���EF��O#ȅ6u��3��>�UU@�n��t��Ⱦ��5��δx�� Ii CIRCULAR LETTER II No, 2QJS - 2 January 27, 201S TO SUBJECT All Heads of Departments, Agencies, State Universities and Colleges, Government-Qwned and/or Controlled Corporations receiving Budgetary Support from the National Government; Heads of Budget and Accounting Units and All Others Concerned WEBSITE FOR THE UNIFIED ACCOUNTS CODE STRUCTURE (UACS) 1,0 COA"OBM-DOF Joint Circular … COA Circular no. COA Circular Nos. The district has not adopted the Revised Chart of Accounts for Government Corporations as per COA Circular No. 6, Converted Financiai Statement 2014 *Condensed Statement Of Financial Position *Condensed Statement of Income anci Expense Statement Of Cashflow compliance with COA Circular No. It is also used to recognize liability … The Executive Secretary, by the authority of the President, signed on 23 March 2020 Administrative Order No. 2015-010 dated December 1, 2015 and other related issuances. The amount of P206.930 million is already net of the reclassifications made to expense/Retained Earning in compliance with COA Circular 2015-010. Citation “COA Circular 2012-001: Prescribing the Revised Guidelines and Documentary Requirements for Common Government Transactions,” CIVIL SERV Deduct from succeeding claims of TA the proportionate amount of P49,142.06 that should have been deducted … 2014-001 dated March 18, 2014 . 2004-008 dated September 20, 2004, as amended, to the RCA for GCs under COA Circular No. The amount of P191.23 million is already net of the reclassifications made to expense/Retained Earning in compliance with COA Circular 2015-010. 2015-010 dated December 1, 2015 shall apply in the preparation of the financial statements and other related financial reports. Also SICIWA converted its Financial Reports for year endede 2015, 2016 and 2017 in compliance with COA Circular No. Corporations of COA Circular No. by COA has been received; and e) Direct the Accountant to prepare the necessary adjusting journal entry once the subject inventory items have been disposed of taking into consideration the proper accounts to be used in accordance with COA Circular No. B. 2015-010 25. 2015-010 dated December 01, 2015. 2015-010 and 2016-006 dated December l, 2015 and December 29, 2016, respectively. 2015-010 dated December 01, 2015. 2.2. 2015-010 dated December 01, 2015. 2015-010 dated December 1, 2015 for the difference between the carrying amount and the recoverable amount of the assets. Recording Of cash received through fund frahsfers from other government agencies and its utilizaüon for the implementaüon of projects/programs were not in accordance with the provision of 4.2 of COA Circular No. Audit of the account disclosed the following: 2.2.1. 2015-010 and 2016-006 dated December l, 2015 and 29, 2016, respectively. 89-299A. Accruals in the amount of PI 0.945 billion were reported under … June 14, 2012. Paragraph 11 of the Philippine Accounting Standards (PAS) 19 and COA Circular 2015-010 dated December 1, 2015, thereby, resulting in the understatement of the liability account as at year end. compliance with COA Circular No. under COA Circular No. Fully Implemented. AAR 2018 . COA Issuances. 2015-010 dated 01 December 2015, Other Receivables is used to recognize amount due from debtors and other entities not falling under any of the specific receivable account. C 2013-006 Date: SEPT 1 8, 2013 Violation of the said undertakings shall give rise to the filing against the requesting party and/ or his representative of a case before the Court, pursuant to Section 11 (d) of R.A. No. 2015-006 - August 20, 2015, COA CIRCULAR NO. 2015-010 dated December 1, 2015 and COA Circular No. We recommended that nagement adjust the books for the erroneous booking of income and expense and to defined under COA Circular No. Click here to view COA and DBM Joint Circular no. Commission on Audit; documentary requirements; financial transactions. COA CIRCULAR NO. by COA has been received; and e) Direct the Accountant to prepare the necessary adjusting journal entry once the subject inventory items have been disposed of taking into consideration the proper accounts to be used in accordance with COA Circular No. Strictly comply with the documentary requirements under COA Circular No. GOA Circular No. 2015-010 dated Dec.1, 2015 - adoption of the Revised Chart of Accounts for GCs •COA Circular 2016-006 dated Dec. 29, 2016 - Conversion from the PGCA to the RCA for GCs •Proposed COA circular on the Supplementary Guidelines on FSs and FRs Preparation – approved in principle by the COA CP Updates on PFRS adoption account as prescribed by COA Circular No. View PDF. a. Download. a. Date. 2.2. of 4.2 of COA Circular No. 1. Administrative Order on the COVID-19 Hazard Pay Issued. COA Circular No. 2015-010 dated December 1, 2015 as amended by COA Circular No. 5. endstream endobj startxref 94-013 and COA Circular No. This account is credited for payment/liquidation of receivables. Recognition Liabilities are recognized only when goods are delivered and/or services rendered or when supplier's bills are received. 3. 2015-010 dated December 1, 2015 as amended by COA Circular No. The conversion has no material impact on the balances of the accounts. Commission on Audit; documentary requirements; financial transactions. Recognition Liabilities are recognized only when goods are delivered and/or services rendered or when supplier's bills are received. 2015-010 dated December 1, 2015 for the difference between the carrying amount and the recoverable amount of the assets. Conversion from the Philippine Government Chart of Accounts under the New Government Accounting System per COA Circular No. Prescribing the Use of the Manual on Financial Management for Barangays, Adoption of the Revised Chart of Accounts (RCA) for Government Corporations (GCs) which consist of Government-Owned or Controlled Corporations (GOCCs), Government Financial Institutions (GFIs), Government Instrumentalities with Corporate Powers (GICPs)/ Government Corporate Entities (GCEs), and their Subsidiaries, and Water Districts, Annex A - presents the Coding Scheme, List of Accounts for Government Corporations and Description of Accounts, Prescribing the Revised Chart of Accounts for Local Government Units, Accounting and Reporting Guidelines on the Local Roads Asset Management System, Prescribing the Government Accounting Manual for Use of All National Government Agencies, Volume I – Accounting Policies, Guidelines and Procedures, and Illustrative Accounting Entries, Volume II – Accounting Books, Registries, Records, Forms and Reports, Volume III – The Revised Chart of Accounts (Updated 2015), Amendment to COA Circular No. Collection. 2015-010 dated December 1, 2015 for the difference between the carrying amount and the recoverable amount of the assets. prescribed by COA Circular No. COA Circular No. @���u�l0t]I� �K%�l��6����[;Z�F�1?�����,��}5�hh�B��� �� Z�3��Ⱥ�|7� �24���� �'� 8��Ճ(�G�B޽(A"U&��u-�/�8�ϭ���P��i�_>�ծ/��߇ �(�z As defined under COA Circular No. Corporations of COA Circular No. 2015- 010 dated December 1, 2015 resulting in the overstatement of income and expense in the amount of ?27.744 million and P25.342 million respectively. COA Circular No. COA Circular no. 2015-011 - December 1, 2015, COA CIRCULAR NO. Corporations under COA Circular No. OF TERMS Audit of GAD Funds Gender Audit Gender and Development (GAD) Gender Mainstreaming refers to a comprehensive audit of a government agency’s policies, funds programs, projects and activities focusing on the area of gender and development to determine economy, efficiency, and effectiveness of interventions in addressing … Pursuant to COA Circular No. Likewise, 2.5 hectares of idle land located in Tandang Sora which was acquired in 1989 and has not been utilized and developed since acquisition as it is under 2015-010; b.Effect the following journal entries to record the receipt of creditable withholding taxes (with BIR Form 2307) and the claiming/application of the tax credit in the Annual Tax Return. Adoption of the Revised Chart of Accounts (RCA) for Government Corporations (GCs) which consist of Government-Owned or Controlled Corporations (GOCCs), Government Financial Institutions (GFIs), Government Instrumentalities with Corporate Powers (GICPs)/ Government Corporate Entities (GCEs), and their Subsidiaries, and Water Districts. Title: COMMISSION ON AUDIT CIRCULAR NO. COA Circular 2012-001: Prescribing the Revised Guidelines and Documentary Requirements for Common Government Transactions. FDA Circular (FC) No. Title: Cover Author: COA - Philippine National Oil Company Created Date: 6/16/2017 4:37:26 PM 2015-010 dated December 1,2Q15, PDGCC has adopted the RCA for GOCCs. 2012-001 dated June 14, 2012 prescribing additional documentary requirement for retirement benefits and increasing the amount of cash advance requiring fidelity … Deferred and accrued income and expenses are taken at the end of the year. Require the Accountant to consider the hereunder proposed adjusting journal entry for fair presentation of the Loans Receivable account in the Financial Statements: Page 4 of 31. Person/Dept. 2015-010 25. c. Reclassify the remaining balance in the Taxes Withheld by ECs account, if any, 94-013 and COA Cim.dar No. endstream endobj 30 0 obj <> endobj 31 0 obj <> endobj 32 0 obj <>/ProcSet[/PDF/Text/ImageB/ImageC]/XObject<>>>/Rotate 0/Type/Page>> endobj 33 0 obj <>stream •COA Circular No. 29 0 obj <> endobj prescribed by COA Circular No. 2000-005 dated October 4, 2000. c. Reclassify the remaining balance in the Taxes Withheld by ECs account, if any, AAR . 4-2012, dated September 11, 2012, implementing Executive Order No. The district has not adopted the Revised Chart of Accounts for Government Corporations as per COA Circular No. COA Circular No. Comply with PPSAS 16 and 31 and COA Circular 2015-010 for the proper recording and accounting of the financial transactions. 2017 MS. EVELYN S. MARAF40N Supervising Auditor Commission Audit Dear Ms Marañon; Respectfully submitting to office the documents: 2, 3. 2.3 Summary of Significant Accounting Policies The significant accounting policies that have been used in the preparation of the Distnct's financial statements are summarized below. 10 The financial statements have been prepared using the measurement bases specified by PFRS for each type of asset, liability, income and expense.