Essays /

Regulatory Government Agencies Essay

Essay preview

A. Regulatory Government Agencies (Accounting)
1. Professional Regulation Commission
(copy sa EB Cabrera)
1.1
2. BOA
(copy sa EB Cabrera)
2.1 JOEL L. TAN-TORRES Chairman
GERARD B. SANVICTORES Member
BETTY C. SIY-YAP Member
ELISEO A. AURELLADO Member
3. SEC
(copy sa EB Cabrera)
3.1 TERESITA J. HERBOSA
Chairperson

MANUEL HUBERTO B. GAITE
Commissioner

ANTONIETA F. IBE
Commissioner

BLAS JAMES G. VITERBO
Commissioner

EPHYRO LUIS B. AMATONG
Commissioner
4. COA
(copy sa EB Cabrera)
4.1 Chairperson Maria Gracia M. Pulido Tan,
Commissioner Heidi L. Mendoza
Commissioner Jose A. Fabia 
Regulatory Government Agencies (Auditing)
BUREAU OF INTERNAL REVENUE (BIR)As Mandated: 1) Assessment and collection of all national internal revenue taxes, fees and charges. 2) Enforcement of all forfeitures, penalties, fines and execution of judgments in all cases decided in its favor by the Court of Tax Appeals and the ordinary courts 3) Administer supervisory and police powers conferred by National Internal Revenue Code as amended by R.A. 8424 or other laws.

HEADED BY :
Kim S. Jacinto-Henares
Regulatory Government Agencies (BUDGETING)
INTERNAL AUDIT SERVICES
1. Determine cost effectiveness, value for money, and benefits of major investments and expenditures of the Commission; 2. Clarify and enhance individual and unit accountabilities of established systems and procedures; 3. Evaluate the efficiency of operations and determine whether CSC policies are being followed consistently in all offices of the Commission; 4. Correct deficiencies in established internal control systems and procedures; and MAGDALENA B. ARUTA

Director IV
DEPARTMENT LEGISLATIVE LIASON OFFICE
Promotion of Presidential legislative initiatives and other Administration-sponsored priority policy reforms and development programs through a strategic information dissemination campaign and sustained day-to-day collaboration with the two Chambers of Congress, as well as with other interest groups JANET B. ABUEL

Concurrent Head.
I. Budgetary Overview
First, we shall define the national budget which is the government’s estimate of its income and expenditures. It is what the government plans to spend for its programs and projects, as well as the sources of funds. The budget process involves budgeting and the budget. Budgeting refers to methods and practices of government planning, adopting and executing financial policies and programs. The budget refers to a plan of expressing in monetary terms the operating program and means of financing of a government for a definite period of time. The national budget is spent for the implementation of various government programs and projects, the operations of government offices such as the payment of salaries, construction of buildings. II. Dimensions of the Budget

The budget possesses various dimensions. It can be classified according to the following: By Sector, By Cost Structure, By Expense Class and By Object, By Region, By Type of Appropriation. A. By Sector

The budget contains various type of expenditures. They are for: 1. Social Services Expenditure;
2. Economic Services Expenditure;
3. Defense Expenditure;
4. General Public Services; and
5. Debt Burden
B. By Cost Structure
1. For General Administration & Support Services or Overhead Expenses 2. As Support to Operations for the facilitative functions and services, staff and technical support 3. For Operations of regular activities addressing agency mandate Example: Production of goods, delivery of pubic services, and regulation, etc. 4. For Projects such as homogenous group of activities that result in the accomplishment of identifiable output within a designated period, whether foreign or locally funded C. By Expense Class & By Object

1. Current Operating Expenditures for personal services, maintenance and other operative expenses (MOOE) 2. Capital Outlays for investments, loans, livestock and crops, land/land improvements, buildings/structures, furniture/fixtures D. By Major Recipient of Government

The major recipients of the budget are:
1. The NGAs (National Government Agencies) – they include all agencies with the Executive, Legislative and Judicial Branches of government 2. The LGUs (Local Government Units) – funding is released in the form of IRAs (Internal Revenue Allotments), special shares in national proceeds, credit thru the MDF (municipal development fund), and premium subsidies for local insurance 3. The GOCCs (Government Owned and Cont...

Read more

Keywords

/notice /special 1 1.1 1177 13.1 14.6 15.1 17.0 19 1977 1987 1st 2 2.1 2013 2014 2015 22 24 25 292 2nd 3 3.1 30 31 3rd 4 4.1 44 5 7 81 8424 abm abolit aboveboard abuel accomplish accord account accuraci act action activ actual ad addit address adequ adher adjust administ administr administration-sponsor adopt affair affect afternoon agenc alloc allot allow alreadi also amatong amen amend amount annual antonieta appar appeal applic apport appropri approv aquino arm articl aruta asid assess assist assumpt assumptions/plans assur audit augment aurellado author automat avail b balanc bangko bank bankrol barrel base basi beneficiari benefit best betti bicam bicamer bigger biggest bill billion bir blas boa book borrow branch budget budget/budget budgetari build buildings/structures bulk burden bureau bureaus buy buy-out c cabinet cabrera cad calam call campaign capabl capit case cash central certain certifi chairman chairperson chamber characterist charg check chief clarifi class classifi close cluster coa code collabor collect coloma combin commerci commiss commission commit committe committee/committee common communic comparison compos concern concur concurr conduct confer confere confirm congress consider consist consolid constitut construct contain content conting continu contra control conven coordin copi corpor correct correspond cost countri court cover creat credit crop csc current customari d day day-to-day dbcc dbm debat debt decid decre decreas deem defend defens defici deficit defin definit deliber deliv deliveri depart depend design despit determin develop differ dimens director disast disburs disclos discuss dissemin distribut divis domest drew due e e-govern eb econom economi effect effici eliseo embrac emerg emphas employe en enact end enforc enhanc enrol ensu entitl ephyro equiti equival essenti establish estim etc evalu event eventu everi exampl excess exclud execut execution/implementation exercis exist expand expans expenditur expens explain express f fabia facilit fail famili favor fee file final financ financi fine first fiscal floor focus follow forc foreign foreign-assist forfeitur form formul forward four fulli function fund furniture/fixtures g gab gait garo gdp genalyn general generat gerard get give given go gocc good govern gracia gratuiti gross group head health hear hearings/debates heidi henar henc herbosa herminio high higher homogen hous household howev huberto huge i.committee i.involves ibe identifi ii ii.an ii.printing iii iii.the immedi impact imper implement improv incid includ inclus incom incorpor increas incur incurr index indic individu inform infrastructur infus initi initially-approv insist insofar institut insuffici insur intend interest intern invest invit involv ira issu item iv iv.sponsorship iv.the ix.bicameral j jacinto jacinto-henar jame janet job joel jose jr judgment judici juli justic justifi kabil keep kim known l land/land largess largest last law lawmak lead legisl legislation/authorization lend length let level lgus liason lift limit line list livestock loan local longer lui lump m macroeconom magdalena magnitud main mainten major make malacañang manag mandat mani manner manuel maria matrix matur may mdf mean meantim measur meet member mendoza method metro miscellan modern monetari money monitor month mooe mother much municip must name nation natur nca need net new next ng ngas non non-financi non-tax object oblig offic offici oil one open oper oppon opportun order ordinari origin outcom outlay output overal overhead oversight overview own p1 p10 p115.5 p118 p123 p123-billion p14 p140.6 p2 p2.006 p2.268-trillion p2.606 p2.606-trillion p20 p3 p30 p33 p378 p378-billion p378-programmed p399.4 p423.1 p5 p501 p501-b p501-billion p53.9 p62 p7.4 p700.2 p967.9 paid palac pamilyang pantawid paramet particular pass payment pdaf penalti pension peopl percent perform perhap period person personnel pertain philippin physic pie pilipina pilipino plan plenari point polic polici poor pork portion posit possess possibl poverti power practic preced precis premium prepar prescrib present presid presidenti previous price principl print priorit prioriti privat procedur proceed process product profession program programs/projects/activities project promot proper propos provid provinc provis psf pubic public pulido purpos quarter r.a rail rais rang rapid ratifi re re-enact read rebuk receipt recipi recommend reconcil reconstruct reduct refer reform refus region regul regular regulatori rehabilit relat releas reli remain report repres requir resourc respect respons restructur result revenu review risk rule sa safeti said salari sanvictor saro save say sec secretari section sector secur self self-suffici senat sentral seri servic session set settl shall share sharp short shortfal show sign similar situat siy siy-yap size so-cal social sole sometim sourc speaker special specif specifi speech spend spent spf sponsor sponsorship stabil staff stage stand state step strateg strict structur sub sub-committe subject submiss submit subsequ subsidi subsist suffici sum summari supersed supervisori supplement support suprem surviv sustain system tan tan-torr target tariff tax technic teresita term th therebi therein thirti though three thru time torr total tradit transfer transit translat transmit transmitt transpar treasur trial trillion turno two type unforeseen unit unless unprogram upon use usual v v.government valid validated/confirmed valu variabl various version vet veto vi vi.amendments vii viii viterbo voic vote vs vulner wednesday well whether whole wide wit within work x xi xii yap year year-on-year