GAM for NGAs and COA Authority Quiz
Test your knowledge on the Government Accounting Manual (GAM) for National Government Agencies (NGAs) and the authority of the Commission on Audit (COA) in promulgating accounting and auditing rules and regulations.
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Quiz12 Questions
Flashcards12 Cards
Study Notes1 Note
Podcast1 Episode
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GAM for NGAs and COA Authority Quiz
Quiz • 12 Questions
GAM for NGAs and COA Authority Quiz - Flashcards
Flashcards • 12 Cards
Study Notes
2 min • Summary
GAM for NGAs and COA Authority Quiz - Podcast
Podcast
Materials
List of Questions12 questions
- Question 1
- Standards, policies, guidelines, and procedures
- Philippine Public Sector Accounting Standards (PPSAS)
- Commission on Audit (COA)
- Philippine Constitution
- Question 2
- Coding structure and accounts
- Privatization processes and regulations
- Preparing general purpose financial statements in accordance with PPSAS
- Reporting of budget, revenue, and expenditure
- Question 3
- Reducing government transparency
- Updating standards, policies, and guidelines in government accounting
- Maintaining irregular expenditures
- Establishing unrelated auditing techniques
- Question 4
- Disregard accounting and auditing rules
- Define the scope of its audit and examination
- Bypass government regulations
- Execute audits without constraints
- Question 5
- Commission on Audit (COA)
- Government Accounting Manual (GAM)
- Philippine Public Sector Accounting Standards (PPSAS)
- Philippine Constitution
- Question 6
- Updating accounting books and records
- Enhancing irregular expenditures
- Adding complexity to reporting procedures
- Decreasing transparency in financial reporting
- Question 7
- Double-entry bookkeeping
- Cash basis of accounting
- Accrual basis of accounting
- Budget basis accounting
- Question 8
- When cash is paid
- When cash is received
- When the budget is approved
- When they occur
- Question 9
- Accrual basis
- Fund cluster accounting
- Cash accounting
- Budgetary records basis
- Question 10
- Accrual accounting
- Single-entry bookkeeping
- Triple-entry bookkeeping
- Double-entry bookkeeping
- Question 11
- To comply with fund cluster accounting
- To confuse auditors
- To minimize paperwork
- For double-entry bookkeeping purposes
- Question 12
- Triple-entry bookkeeping
- Cash basis accounting
- Single-entry bookkeeping
- Accrual basis of accounting
List of Flashcards12 flashcards
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