Professional Documents
Culture Documents
Art IX. - D Sec. 2 Paragraph 2- Legal basis that mandates COA to uses accounting rules and regulations
Government Accounting Manual (GAM) - *January 1, 2016- took effect *October 22, 2015-approved
Objectives of GAM
Provides updates the following
1. Government accounting policies, guidelines, standards and procedures
2. Coding structure and accounts
3. Accounting books, registry, records, forms, reports and financial statements
4. Accounting journal entries
Contents of GAM
18. Forms 1. Obligation Request (OBR) 1. Obligation Request and Status (ORS)
2. Budget Utilization Request ( BUR) 2. Budget Utilization Request and Status (BURS)
3. Notice of Obligation Request and Status
Adjustment (NORSA)
4. Notice of Budget Utilization Request and Status
Adjustment (NBURSA)
3. Changes adapted in GAM: