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  • Felizardo - Government Accounting

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    angelinnefelizardo2000
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    The document discusses the accounting process of the Pasig City government in the Philippines. It provides an overview of the city profile, outlines the accounting process which follows IPSAS standards for revenue recognition, subsequent measurement, and initial recognition, and notes that accounting is specific, detailed, and transparent to avoid fraud and provide information to the public.

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    FELIZARDO_GOVERNMENT ACCOUNTING

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    The document discusses the accounting process of the Pasig City government in the Philippines. It provides an overview of the city profile, outlines the accounting process which follows IPSAS standards for revenue recognition, subsequent measurement, and initial recognition, and notes that accounting is specific, detailed, and transparent to avoid fraud and provide information to the public.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    7 views1 page

    Felizardo - Government Accounting

    Uploaded by

    angelinnefelizardo2000
    The document discusses the accounting process of the Pasig City government in the Philippines. It provides an overview of the city profile, outlines the accounting process which follows IPSAS standards for revenue recognition, subsequent measurement, and initial recognition, and notes that accounting is specific, detailed, and transparent to avoid fraud and provide information to the public.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    Government of Pasig City

    and it’s Accounting Process


    City government of Pasig
    Government
    1 Competitive
    Office Chosen
    Tracking of financial obligations

    31 Square km
    Commercial Establishments
    2 City Profile
    828,000 people
    2 districts and 30 barangays

    Basis of financial reports is IPSAS

    Let’s know more Revenue Recognition system


    3 Accounting
    about it! Process Non-exchange transactions
    Subsequent measurement,
    derecognition, and initial recognition

    Accounting is specific and detailed


    Information is readily available for the public
    4 Synthesis
    Basics of accounting in procedures
    Transparency to avoid fraudulent
    activities

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