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    03-Slides - Barangay Accounting Plan

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    Mary Jane Manayam
    The document outlines the Barangay Accounting Plan which shows the workflow of barangay transactions from budget approval to financial reporting. It discusses the basic concepts including source documents, books of original entry, books of final entry, and financial statements. The accounting plan presents transactions types like appropriations, collections, disbursements and various financial statements like the statement of financial position, statement of cash flows and notes to financial statements.

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    03-Slides - Barangay Accounting Plan

    Uploaded by

    Mary Jane Manayam
    88 views14 pages
    The document outlines the Barangay Accounting Plan which shows the workflow of barangay transactions from budget approval to financial reporting. It discusses the basic concepts including source documents, books of original entry, books of final entry, and financial statements. The accounting plan presents transactions types like appropriations, collections, disbursements and various financial statements like the statement of financial position, statement of cash flows and notes to financial statements.

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    03-Slides_Barangay Accounting Plan

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    The document outlines the Barangay Accounting Plan which shows the workflow of barangay transactions from budget approval to financial reporting. It discusses the basic concepts including source documents, books of original entry, books of final entry, and financial statements. The accounting plan presents transactions types like appropriations, collections, disbursements and various financial statements like the statement of financial position, statement of cash flows and notes to financial statements.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    88 views14 pages

    03-Slides - Barangay Accounting Plan

    Uploaded by

    Mary Jane Manayam
    The document outlines the Barangay Accounting Plan which shows the workflow of barangay transactions from budget approval to financial reporting. It discusses the basic concepts including source documents, books of original entry, books of final entry, and financial statements. The accounting plan presents transactions types like appropriations, collections, disbursements and various financial statements like the statement of financial position, statement of cash flows and notes to financial statements.

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    You are on page 1of 14

    THE BARANGAY

    ACCOUNTING PLAN
    The Barangay Accounting Plan

    Session Overview
     Learning Objectives
     Basic Concepts
     Operating Processes in the Barangay
    Accounting Plan
    The Barangay Accounting Plan

    Learning Objectives
    At the end of the session, the participants will be
    able to explain the barangay accounting plan
    The Barangay Accounting Plan

    Basic Concepts
    Source documents shall be the basis for
    preparing reports by the Barangay Treasurer.

    Reports are summary of required data for


    collections and disbursements that are prepared by
    the Barangay Treasurer.
    The Barangay Accounting Plan

    Basic Concepts
    Books of Original Entry refer to accounting journals
    where financial transactions are recorded for the first time.
    In computerized-accounting, data are entered only once
    and are automatically reflected in all associated 'books.’

    Books of Final Entry refer to accounting ledgers to


    which the financial data from the 'books of original entry'
    is transferred. In computerized-accounting, data are
    entered only once and are automatically reflected in all
    associated 'books.’
    The Barangay Accounting Plan

    Basic Concepts
    Financial Statements refer to the structured
    representation of the financial position and
    financial performance of an entity.
    The Barangay Accounting Plan

    The barangay accounting plan shows the


    accounting work flow of barangay
    transactions from the approved budget to
    incurrence of obligations/expenditures;
    collection of monies; payment of
    obligations/disbursements; recording of
    transactions in the books of accounts; and
    preparation of the financial statements and
    report.
    Barangay Accounting Plan

     The Accounting Plan presents the following


    types of transactions:
     
     Appropriations and Obligations
     Collections and Deposits
     Disbursements
     Miscellaneous transactions
    Barangay Accounting Plan

     The Accounting Plan presents the following


    financial statements:
    • Statement of Financial Position,
    • Statement of Financial Performance,
    • Statement of Changes in Net Assets/Equity,
    • Statement of Cash Flows,
    • Statement of Budget and Actual Expenditures, and
    • Notes to Financial Statements.
    Barangay Accounting Plan

    Old New
    Balance Sheet Statement of
    Financial Position
    Statement of Financial
    Income Statement
    Performance
    Statement of Statement of Changes
    Changes in Equity in Net Assets/Equity
    Barangay Accounting Plan

    Old New
    Cash Flow Statement of Cash
    Statement Flows
    Statement of Comparison
    - of Budget and Actual
    Amount
    Notes to Financial Notes to Financial
    Statements Statements
    EXERCISE
    Maraming Salamat po!!

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