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Pt. Multi Bintang Indonesia

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Pt. Multi Bintang Indonesia
NGAS
Basic Features and Policies

Wednesday, March 6, 13

Accrual Accounting


A modified accrual basis of accounting shall be used.



All expenses shall be recognized when incurred and reported in the financial statements in the period to which they relate.



Income shall be on accrual basis except for transactions where accrual basis is impractical or when other methods are required by law.

Wednesday, March 6, 13

One Fund Concept
• NGAS adopts the one-fund concept.
• Separate fund accounting shall be done only when specifically required by law or by a donor agency or when otherwise necessitated by circumstances subject to prior approval of the Commission.

Wednesday, March 6, 13

Chart of Accounts and
Account Codes
• A new chart of accounts and code

structure with a three-digit account numbering system shall be adopted.

Wednesday, March 6, 13

Books of Accounts
• All national agencies shall maintain two sets of books, namely:

• Regular Agency (RA) Books.
• National Government (NG) Books.

Wednesday, March 6, 13

RA Books
• These shall be used to record the receipts

and utlization of Notice of Cash Allocation
(NCA) and other income/receipts which the agencies are authorized to use and to deposit with Authorized Government
Depository Bank (AGDB) and the National
Treasury.

Wednesday, March 6, 13

NG Books
• These shall be used to record income

which the agencies are not authorized to use and are required to be remitted to the
National Treasury.

Wednesday, March 6, 13





Wednesday, March 6, 13

RA Books - Journals and Ledgers
Journals






Cash Receipt Journal (CRJ)
Cash Disbursement Journal (CDJ)
Check Disbursements Journal (CkDJ)
General Journal (GJ)

Ledgers




General Ledger (GL)
Subsidiary Ledgers (SL) for: Cash, Receivables, Inventories,
Investments, PPE, Construction in Progress, Liabilities, Income,
Expenses

NG Books



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