PRESENTATION

GOVERNMENT ACCOUNTING
SYSTEM

Government accounting system

maintains tight control over resources,
while also compartmentalizing
activities into different funds in order
to clarify how resources are being
directed at various programs.
 GOVERNMENT
ACCOUNTING
SYSTEM
CONCEPT THEORIES PRACTICES

Accounting practice
Government accounting is the recording and
a set of concepts and ideas
is the process and
management of financial activities of
governments at Commonwealth, state and that guide the development activity of recording
local levels. Government accountants and application of financial the day-to-day
prepare and review financial documentation
for the government and its taxpayers.
accounting practices financial operations
of a business entity.
GOVERNMENT AUDITING
Government auditing standards are used to
conduct financial audits and performance
audits of government entities and entities
that receive government awards.

COMMISSION OF AUDIT
The Commission on Audit shall have the power, authority, and duty to examine, audit,
and settle all accounts pertaining to the revenue and receipts of, and expenditures or
uses of funds and property, owned or held in trust by, or pertaining to, the Government,
or any of its subdivisions, agencies, or instrumentalities,
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YOU