Government Accounting
&
Accounting for non-profit organizations
by: ZEUS VERNON B. MILLAN
Chapter 3
The Government Accounting Process
Learning Objectives
1. Record the basic transactions of a
government entity.
2. Prepare a worksheet.
GOVT ACCTG & ACCTG FOR NPOs by:
Z.B.Millan
Books of Accounts and Registries
1.
Journals
a. General Journal
b. Cash Receipts Journal
c. Cash Disbursements Journal
d. Check Disbursements Journal
2.
Ledgers
a. General Ledgers
b. Subsidiary Ledgers
3.
Registries
a. Registries of Revenue and Other Receipts (RROR)
b. Registry of Appropriations and Allotments (RAPAL)
c. Registries of Allotments, Obligations and
Disbursements (RAOD)
d. Registries of Budget, Utilization and
Disbursements (RBUD)
GOVT ACCTG & ACCTG FOR NPOs by:
Z.B.Millan
Object of Expenditures
1. Personnel Services (PS) – pertain to all types
of employee benefits.
2. Maintenance and Other Operating Expenses
(MOOE) – pertain to various operating
expenses other than employee benefits and
financial expenses.
3. Financial Expenses (FE) – pertain to finance
costs.
4. Capital Outlays (CO) – pertain to capitalizable
expenditures.
GOVT ACCTG & ACCTG FOR NPOs by:
Z.B.Millan
Basic Recordings
GOVT ACCTG & ACCTG FOR NPOs by:
Z.B.Millan
Basic Recordings (continuation)
GOVT ACCTG & ACCTG FOR NPOs by:
Z.B.Millan
Basic Recordings (continuation)
GOVT ACCTG & ACCTG FOR NPOs by:
Z.B.Millan
The Revised Chart of Accounts
Example:
GOVT ACCTG & ACCTG FOR NPOs by:
Z.B.Millan
APPLICATION OF
CONCEPTS
PROBLEM 3-9: FOR CLASSROOM DISCUSSION
GOVT ACCTG & ACCTG FOR NPOs by:
Z.B.Millan
 QUESTIONS????
 REACTIONS!!!!!
GOVT ACCTG & ACCTG FOR NPOs by:
Z.B.Millan
END
GOVT ACCTG & ACCTG FOR NPOs by: Z.B.Millan