Government Accounting Theory Cpar PDF

Government Accounting
(Review and Diagnostic Quiz)
Name:____________________________________ Date:__________
1. What is the legal basis of the COA in prescribing the New Government
Accounting System?
a. Presidential Decree
b. Legislative Act
c. Constitution of the Republic of the Philippines
d. Recommendation of the International Monetary Fund
2. All of the following journals shall no longer be used under the NGAS, except
a. Journals of checks issued
b. Journal of bills rendered
c. Journal and analysis of obligations
d. General journal
3. It is the formal document issued by DBM to the head of the agency containing
the authorization, condition and amount of allocation indicating that funds are
available for specified projects
a. Special Allotment Release Order (SARO
b. Allotment and Obligation Slip
c. Notice of Cash Allocation
d. Registry of Allotment and Obligation
4. It is an authorization by the DBM to an agency to withdraw cash from National

Treasury through the issuance of Modified Disbursement Systems checks.
a. Notice of Cash Allocation
b. Allotments Release Order
c. Appropriation
d. Modified Disbursement System
5. All appropriation, revenue or tariff bills, bills authorizing increase of the public
debt, bills of local application and private bills shall originate exclusively in the
a. House of Representatives but the Senate may propose or concur with
amendments
b. Senate but the House of Representatives may propose or concur with
amendments.
c. House of Representatives
d. Senate
6. What is a budget cycle?

a. Preparation, authorization, execution and accountability
b. Authorization, preparation, execution and accountability
c. Preparation, execution, accountability and authorization
d. Authorization, execution, accountability and preparation
7. It is the enactment of the general appropriation bill into law by Congress.

a. Budget preparation
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b. Budget authorization
c. Budget execution
d. Budget accountability
8. It is a type of budgeting that focuses on the objects of expenditures such of

salaries and wages, travelling expenses, freight, supplies, materials and
equipment.
a. Line item budget
b. Supplemental budget
c. Special budget
d. Performance budget
9. Which government office is responsible for the design, preparation and approval
of accounting system of government agencies?
a. Commission on Audit
b. Department of Budget and Management
c. Department of Finance
d. Bureau of Internal Revenue
10. An authorization by DBM to the head of an agency to incur obligations

within a specified amount pursuant to an appropriation.
a. Allotment
b. Appropriation
c. Authorization
d. Budgeting
11. It is the amount committed or contracted by an administrative official and

for which the government is liable.
a. Allotment
b. Obligation
c. Appropriation
d. Budgeted amount
12. The standard government chart of accounts for the use of the national
government, local government and government-owned or controlled
corporations, except financial institutions is prescribed by
a. Commission on Audit
b. Department of Budget and Management
c. Department of finance
d. Bureau of Treasury
13. General income accounts of the government include all of the following,
except
a. Filing fees in court
b. Dividends income from investments
c. Grants and donations
d. Fines and penalties
/jecn.cpa.2032
14. Specific income accounts of the government include all of the following,
except
a. Income taxes
b. Real property taxes
c. Value added taxes
d. Income generated by government agencies in the exercise of
administrative and regulatory function
15. Three major classifications of expenses include

a. Personal services, maintenance and other operating expense, and financial
expenses
b. Personal services, maintenance and other operating expenses, and other
expenses
c. Personal services, operating expenses and other expenses
d. Personal services, selling expenses and general expenses
16. It is the respective share of a province, city or municipality in the proceeds

of the additional one percent real property tax levied and appropriated for
educational purposes under the Real Property Tax Code.
a. Infrastructure Fund
b. Special Education Fund
c. Trust Fund
d. General Fund
17. It is the annual contribution from each province, city or municipality in the
amount approved by law for each barrio and intended solely for community
development projects
a. Special Education Fund
b. Barrio Development Fund
c. Trust Fund
d. Infrastructure Fund
18. What is the paramount objective of financial reporting by national and local
government?
a. Reliability
b. Consistency
c. Transparency
d. Accountability
19. A government official cannot disburse government funds beyond the

approved budget in accordance with the constitutional provision that “no money
shall be paid out of the National Treasury except in pursuance of an
appropriation law”. Otherwise, the government official may be charged with
a. Technical malversation
b. Theft
c. Graft and corruption
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d. An administrative case
20. “Expected results” in government budgeting

a. Refer to the services, products or benefits accruing to the public estimated
in terms of performance target
b. Functions and activities necessary for the performance of a major purpose
for which a government agency is established
c. Component of a program covering homogenous group of activities that
result in the accomplishment of an identifiable output
d. Actual assets of any government agency such as cash, receivables, land
and building
“CPAs are not born. THEY ARE MADE!”

”Concentrate. Pray. Achieve.”
Jeremiah Edison Caraga Nicart, CPA
/jecn.cpa.2032

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Government Accounting

(Review and Diagnostic Quiz)

4. It is an authorization by the DBM to an agency to withdraw cash from National

6. What is a budget cycle?

7. It is the enactment of the general appropriation bill into law by Congress.

8. It is a type of budgeting that focuses on the objects of expenditures such of

10. An authorization by DBM to the head of an agency to incur obligations

11. It is the amount committed or contracted by an administrative official and

15. Three major classifications of expenses include

16. It is the respective share of a province, city or municipality in the proceeds

19. A government official cannot disburse government funds beyond the

20. “Expected results” in government budgeting

“CPAs are not born. THEY ARE MADE!”

Jeremiah Edison Caraga Nicart, CPA

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