THE. Avenue, Quezon City, 1.0 Purpose. This Circular is issued to:

Transcription

1 THE Avenue, Quezon City, CIRCULAR No. : Date: APR TO : All Heads of National Government Agencies, Heads of Finance/Comptrollership/Financial Management Services, Chief Accountants/Heads of Accounting Units, Budget Officers/Heads of Budget Units; Commission on Audit Assistant Commissioners, Commission on Audit Directors, Commission on Audit Auditors; and All Others Concerned SUBJECT : Conversion from the Philippine Government Chart of Accounts under the New Government Accounting System per Commission on Audit Circular No dated September 20, 2004, as amended, to the Revised Chart of Accounts for National Government Agencies under Commission on Audit Circular No dated January 30, 203, additional accounts/revised description/title of accounts and relevant Accounting Policies and Guidelines in the implementation thereof.0 Purpose This Circular is issued to: a. Provide guidelines and procedures on the conversion of the Philippine Government Chart of Accounts (PGCA) per Commission on Audit (COA) Circular No dated September 20, 2004, as amended, to the Revised Chart of Accounts (RCA) as required in paragraph 2.0 of COA Circular No dated January 30, 203; b. Provide accounting policies and guidelines on the implementation of the RCA for National Government Agencies (NGAs) under COA Circular No dated January 30, 203; and c. Provide additional and revised description/title of accounts for the proper implementation of new and revised accounting policies.

2 2.0 Coverage This circular shall be adopted for all funds of NGAs, and for Special Accounts in the General Fund (SAGF) maintained by Government-Owned and/or Controlled Corporations (GOCCs). For agencies implementing the electronic-new Government Accounting System (e-ngas), procedures on the conversion of e-ngas databases to the RCA for NGAs shall be covered by separate guidelines. The Chart of Accounts of GOCCs and Local Government Units (LGUs) and its conversion to the New Chart of Accounts shall be covered by separate guidelines. 3.0 General Guidelines and Procedures on the Conversion of Accounts 3. All NGAs and GOCCs with SAGF shall make the conversion of accounts based on the Balance Sheets as of December 3, The Chief Accountants/Heads of Accounting Units shatrl b guided by the Matrix on the Conversion of Accounts of the PGCA t the RCA for NGAs, hereto attached as Annex A. The Chief Accountants/Heads of Accounting Units s all ensure that careful analyses of the General Ledger (GL) and Subsidiary Ledger (SL) accounts are properly made before the conversion, particularly for SL accounts in the PGCA that are classified as GL accounts in RCA or vice versa. 3.4 Any clarification or request for assistance shall be directed to the Government Accountancy Sector (GAS), this Commission. 4.0 New Accounts/Revised Title and of Account 4. For the implementation of the Philippine Public Sector Accounting Standards (PPSAS) 32 - "Service Concession Arrangements: Grantor" and to properly implement the revised government accounting policies, the new accounts are prescribed and some title and description of accounts are revised, details of which are in Annex B. 4.2 In conformity with PPSAS, the title of the following accounts shall be revised: 4.2. Account "Government Equity" ( ) shall be changed to "Accumulated Surplus/(Deficit) ( )".

3 4.2.2 Account "Income and Expense Summary" (303000) shall be changed to "Revenue and Expense Summary". Consequently, in the description of revenue/income and expenses, the revised account title shall be used. 5.0 Specific Accounting Policies and Guidelines 5. All NGAs shall discontinue the maintenance of the National Government (NG) books. A separate set of books shall be maintained by fund. Thus, all balances as of December 3, 203 shall be transferred to the appropriate new books per fund. 5.. Balances as of December 3, 203 of NG Books shall be analyzed using the law, rules and regulations creating the fund to determine the appropriate fund to which they shall be transferred A Journal Entry Voucher (JEV) to record the conversion of accounts and the transfer of balances shall be prep ed as illustrated in Annex C Copies of the JEV on the conversion of account d other supporting documents for the transfer of balanc s shall be furnished to the COA Auditor and the GAS, COA, separately. 5.2 To facilitate verification, appropriate Sls shall be maintained for real accounts and for some income and expense accounts, particularly those that were converted to SL accounts. 5.3 Revenue/Income shall be recognized by the revenue generating agencies using the appropriate revenue/income accounts, whether authorized to use it or not. 5.4 For revolving funds, income and expenses shall be recognized, the net surplus of which shall form part of the equity of said fund. 5.5 Public infrastructures and reforestation projects that were already transferred to the registries shall be recorded in the appropriate fund using the Property, Plant and Equipment account prescribed in Annex A. The following procedures shall be observed: 5.5. Determine/identify the existing Public Infrastructures and Reforestation Projects and their corresponding costs; Record the existing public infrastructures and reforestation projects based on costs which may be a) the acquisition cost showing the computed accumulated depreciation, based on

4 estimated useful life provided in GOA Circular No dated December, 2003, or b) appraised value, whichever amount is determinable. 5.6 In case there are balances of account "Items in Transit (284)," the following should be followed: 5.6. If such balances pertain to assets delivered but not recorded, determine the reason for not recording the transaction and gather the supporting documents to warrant the recording of the asset in the books of accounts If these pertain to fixed assets in transit that were converted to this account upon implementation of the NGAS Chart of Accounts and which remain undelivered as of December 3, 203, close the said account to Accumulated Surplus/(Deficit) Use of the newly prescribed accounts/revised description of accounts for the implementation of PPSAS shall be governed by policies set forth therein per GOA Resolution No dated JanuarY- 24, 204: PPSAS - Presentation of Financial Statements PPSAS 2 - Cash Flow Statements PPSAS 3 -Accounting Policies, Changes in Accounti Estimates and Error PPSAS 4 - The Effects of Changes in Foreign Exchange Rates PPSAS 5 - Borrowing Cost PPSAS 6 - Consolidated and Separate Financial Statements PPSAS 8 - Interest in Joint Venture PPSAS 9 - Revenue from Exchange Transactions PPSAS 2 - Inventories PPSAS 3 - Leases PPSAS 4- Events After the Reporting Date PPSAS 6- Investment Property PPSAS 7 - Property, Plant and Equipment PPSAS 9 - Provisions, Contingent Liabilities and Contingent Assets PPSAS 20 -Related Party Disclosures PPSAS 2 -Impairment of Non- Cash Generating Assets PPSAS 23 - Revenue from Non - Exchange Transactions (Taxes and Transfers) PPSAS 24 - Presentation of Budget Information in Financial Statements PPSAS 26 - Impairment of Cash Generating Assets PPSAS 27 -Agriculture PPSAS 28 - Financial Instruments: Presentation

5 PPSAS 29- Financial Instruments: Recognition and Measurement PPSAS 30- Financial Instruments: Disclosures PPSAS 3 -Intangible Assets PPSAS 32- Service Concession Arrangements: Grantor 6.0 Responsibility The Chief Accountants/Heads of Accounting Units and Budget Officers/Heads of Budget Units of NGAs and other concerned offices of all agencies covered by this Circular shall be responsible for the proper conversion of the accounts and the separate submission of the copy of the JEV and the Financial Statements and Reports to the COA Auditor and the GAS, this Commission. 7.0 Saving Clause Cases not covered in this Circular shall be referred for resolution to the GAS of this Commission. 8.0 Repealing Clause All issuances inconsistent herewith are deemed repealed or amended accordingly. 9.0 Transitory Provision 9. New accounts prescribed for the implementation of the PPSAS shall be used in accordance with such standards. 9.2 Accounts that have not been converted due to issues not settled as of conversion date shall be converted to the most appropriate account in the RCA until a supplemental circular or clarification is issued.

6 0.0 Effective date This Circular takes effect on January, 204. :-~~~\ CcmihHS50N OH AU~tT ::~~.-D OFFICii OF THE COMMt550N SECIItiTA.ft:liiT?~i;le~o~ :.._x;;- MA. GRA~~Co TAN ~NDOZA Commissioner ATTACHMENTS: Annex A- Matrix an the Conversion af Accounts af Philippine Government Chart af Accounts ta Revised Chart af Accounts far NGAs Annex B- NEW ACCOUNTS/REV/SED DESCRIPTION OF ACCOUNTS Annex C- Sample Conversion Entry

7 Matrix on the Conversion of Accounts Philippine Government Chart of Accounts to Revised Chart of Accounts for NGAs Philippine Government Chart of Accounts AnnexA Cash Cash on Hand 0 Cash in Vault 02 Cash - Collecting Officers 03 Cash - Disbursing Officers 04 Petty Cash Fund 06 Payroll Fund Cash and Cash Equivalents 0 Cash on Hand 0 00 Cash - Collecting Officer Advances to Special Disbursing Officer 0 00 Advances for Operating Expenses 00 Petty Cash 00 Advances for Payroll Cash in National Treasury 08 Cash- National Treasury, Modified Disbursement System (MDS) Treasury/Agency Cash Accounts Cash - Modified Disbursement System (MDS), Regular Cash - Modified Disbursement System (MDS), Special Account Cash - Modified Disbursement System (MDS), Trust Cash in Bank - Local Currency 0 Cash - BanQko Sentral NQ Pilipinas Cash in Bank- Local Currency, Current Account 2 Cash in Bank- Local Currency, SavinQs Account 3 Cash in Bank- Local Currency, Time Deposits Cash in Bank- Local Currency Cash in Bank - Local Currency, Banqko Sentral NQ Pilipinas Cash in Bank- Local Currency, Current Account Cash in Bank- Local Currency, Savings Account Cash in Bank- Local Currency, Time Deposits Cash in Bank- ForeiQn Currency 4 Cash - BanQko Sentral Nq Pilipinas 5 Cash in Bank- Foreiqn Currency, Current Account 6 Cash in Bank- Foreiqn Currency, SavinQs Account 7 Cash in Bank- ForeiQn Currency, Time Deposits Cash in Bank - Foreign Currency Cash in Bank- Foreign Currency, BanQko Sentral Nq Pilipinas Cash in Bank- Foreign Currency, Current Account Cash in Bank- Foreign Currency, Savings Account Cash in Bank- Foreign Currency, Time Deposits Receivables Receivable Accounts 2 Accounts Receivable 30 Allowance for Doubtful Accounts 22 Notes Receivable 23 Due from Officers and Employees 24 Loans Receivables- GOCCs Receivables 0 Loans and Receivable Accounts Accounts Receivable 0 0 Allowance for Impairment- Accounts Receivable 00 Notes Receivable 0 Allowance for Impairment- Notes Receivable Due from Officers and Employees Advances to Special Disbursing Officer Loans Receivable- Government-Owned and/or Controlled Corporations 0 03 ~~=~~~~';; Jmpairmenl- ~ecelvab/e- Governme~r C<Jtrolkd

8 .Philippine Government Chart of Accounts 25 Loans Receivables- LGUs 26 Loans Receivables - Others 27 Real Property Tax Receivables 28 Special Education Tax Receivables 29 Interest Receivable 30 Currency Swap Receivable Loans Receivable - Local Government Units Allowance for Impairment - Loans Receivable - Local Government Units Loans Receivable - Others Allowance for Impairment- Loans Receivable- Others Interests Receivable Allowance for Impairment- Interests Receivable Lease Receivable Operating Lease Receivable Allowance for Impairment- Operating Lease Receivable Finance Lease Receivable Allowance for Impairment- Finance Lease Receivable Inter -Agency Receivables 0 04 Treasury/Agency Cash Accounts 3 Due from National Treasury Cash - Treasury/Agency Deposit, Regular Cash - Treasury/Agency Deposit, Special Account Cash - Treasury/Agency Deposit, Trust Inter-Agency Receivables 36 Due from NGAs Due from National Government Agencies 37 Due from GOCCs Due from Government-Owned and/or Controlled Corporations 38 Due from LGUs Due from Local Government Units 39 Due from NGOs/POs Due from Non-Government Organizations/People's Organizations Due from Joint Venture Intra -Agency Receivables Intra-Agency Receivables 4 Due from Central Office/Home Office Due from Central Office 42 Due from Regional Offices/Staff Bureaus/Branch Due from Bureaus Offices Due from Regional Offices 43 Due from Operating Units Due from Operating Units 44 Due from Other Funds 45 Due from Subsidiaries/Affiliates Other Receivables Other Receivables 46 Receivables - Disallowances/Charges Receivables- Disallowances/Charges 47 Dividend Receivable Dividends Receivable 2

9 , Philippine Government Chart of Accounts 48 Advances to Officers and Employees 49 Other Receivables 99 Other Assets 99 0 Advances Advances for Operating Expenses Advances to Special Disbursing Officer Advances to Officers and Employees Other Receivables Allowance for Impairment- Other Receivables Operating Lease Receivable Allowance for Impairment- Operating Lease Receivable Inventories 04 Inventories Materials Inventory Held for Manufacturing 5 Raw Materials Inventory Raw Materials Inventory 52 Work-in-Process Inventory Work-in-Process Inventory 53 Finished Goods Inventory Finished Goods Inventory 04 0 Inventory Held for Sale 54 Merchandise Inventory Merchandise Inventory Supplies Inventory Held for Consumption 55 Office Supplies Inventory Office Supplies Inventory Non-Accountable Forms Inventory 56 Accountable Forms Inventory Accountable Forms, Plates and Stickers Inventory 57 Animal/Zoological Supplies Inventory Animal/Zoological Supplies Inventory 58 Food Supplies Inventory Food Supplies Inventory { Inventory Held for Distribution Food Supplies for Distribution Welfare Goods for Distribution 59 Drugs and Medicines Inventory Drugs and Medicines Inventory Drugs and Medicines for Distribution 60 Medical, Dental and Laboratory Supplies Inventory Medical, Dental and Laboratory Supplies Inventory Medical, Dental and Laboratory Supplies for Distribution 6 Gasoline, Oil and Lubricants Inventory Fuel, Oil and Lubricants Inventory 62 Agricultural Supplies Inventory Agricultural and Marine Supplies Inventory Agricultural and Marine Supplies for Distribution 63 Textbooks and Instructional Materials Inventory Textbooks and Instructional Materials Inventory Textbooks and Instructional Materials for Distribution 64 Military and Police Supplies Inventory Military, Police and Traffic Supplies Inventory 3

10 ,Philippine Government Chart of Accounts 65 Other Supplies Inventory Other Supplies and Materials Inventory Other Supplies and Materials for Distribution Chemical and Filtering Supplies Inventory Other Assets Acquired Assets 99 0 Accumulated Impairment Losses -Acquired Assets 66 Confiscated/Abandoned/Seized Goods Inventory 67 Spare Parts Inventory 68 Construction Materials Inventory Agricultural, Fishery and Forestry Products 69 Livestock Inventory 70 Crops and Fruits Inventory 76 Other Agricultural, Fishery and Forestry Products Inventory Foreclosed Property/Assets Accumulated Impairment Losses- Foreclosed Property/Assets Forfeited Property/Assets Accumulated Impairment Losses- Forfeited Property/Assets Confiscated Property/Assets Accumulated Impairment Losses- Confiscated Property/Assets Abandoned Property/Assets Accumulated Impairment Losses -Abandoned Property/Assets Other Supplies and Materials Inventory Construction Materials Inventory Construction Materials for Distribution Agricultural Produce for Distribution ( Livestock Held for Consumption/Sale/Distribution 02 0 Accumulated Impairment Losses - Livestock Held for Consumption/Sale/Distribution Agricultural Produce for Distribution Trees, Plants and Crops Held for Consumption/Sale/Distribution Accumulated Impairment Losses- Trees, Plants and Crops Held for Consumption/Sale/Distribution Agricultural Produce Held for Consumption/Sale/Distribution Accumulated Impairment Losses- Agricultural Produce Held for Consumption/Sale/Distribution Agricultural Produce for Distribution Aquaculture Accumulated Impairment Losses- Aquaculture Other Consumable Biological Assets 02 Accumulated Impairment Losses - Other Consumable Biological Assets 99 cpr 4

11 .~hilippine Government Chart of Accounts Prepayments 77 Prepaid Rent 78 Prepaid Insurance 79 Prepaid Interest 80 Deposit on Letters of Credit 8 Advances to Contractors 82 Deferred Charges 83 Organization Cost 85 Other Prepaid Expenses Other Current Assets 86 Guaranty Deposits 89 Other Current Assets Investments Investments in Securities 9 Investments in Treasury Bills 92 Investments in Stocks 93 Investments in Bonds J l Prepayments Prepaid Rent Prepaid Insurance Prepaid Registration Prepaid Interest Deposit on Letters of Credit Advances to Contractors Other Prepayments Other Prepayments Prepaid Registration 03 Deposits Guaranty Deposits Other Deposits 99 Other Assets Other Assets I Accumulated Impairment Losses - Other Assets Investments 02 Financial Assets- Held to Maturity Investments in Treasury Bills - Local 02 0 Allowance for Impairment- Investments in Treasury Bills - Local Investments in Treasury Bills- Foreign Allowance for Impairment -Investments in Treasury Bills- Foreign 05 Cash Equivalents Treasury Bills 03 Financial Assets -Others Investments in Stocks 04 Investments in GOCCs Investments in GOCCs 04 0 Allowance for Impairment- Investments in GOCCs 03 Financial Assets - Others Investments in Bonds 02 Financial Assets- Held to Maturity Investments in Treasury Bonds- Local Allowance for Impairment- Investments in Treasury Bonds- Local Investments in Treasury Bonds- Foreign Allowance for Impairment- Investments in Treasury Bonds- Foreign ~ 5

12 . P,hilippine Government Chart of Accounts 97 Other Investments and Marketable Securities Sinking Fund 98 Sinking Fund Property, Plant and Equipment 06 Land and Land Improvements Land Land Improvements Accumulated Depreciation - Land Improvements Runways/Taxiways Accumulated Depreciation- Runways/Taxiways Financial Assets- Others 990 Other Investments Financial Assets at Fair Value Through Surplus or Deficit 00 Financial Assets Held for Trading 020 Financial Assets Designated at Fair Value Through Surplus or Deficit 030 Derivative Financial Assets Held for Trading 040 Derivative Financial Assets Designated at Fair Value Through Surplus or Investments in Joint Venture 00 Investments in Joint Venture 0 Allowance for Impairment- Investments in Joint Venture Investments in Associates 00 Investments in Associates 0 Allowance for Impairment- Investments in Associates Sinking Fund 00 Sinking Fund ~ Property, Plant and Equipment 0 Land 0 00 Land 990 Other Heritage Assets 99 Accumulated Depreciation - Other Heritage Assets 992 Accumulated Impairment Losses- Other Heritage Assets 0 00 Investment Property, Land 0 0 Accumulated Impairment Losses- Investment Property, Land Land Improvements, Aquaculture Structures Other Land Improvements 02 0 Accumulated Depreciation - Land Improvements, Aquaculture Structures Accumulated Impairment Losses- Land Improvements, Aquaculture Structures Accumulated Depreciation - Other Land Improvements Accumulated Impairment Losses - Other Land Improvements 2 00 Service Concession - Road Networks 2 0 Accumulated Depreciation - Service Concession - Road Networks 2 02 Accumulated Impairment Losses - Service Concession - Road Networks Airport Systems Accumulated Depreciation -Airport Systems Accumulated Impairment Losses- Airport Systems Service Concession - Airport Systems 2 08 Accumulated Depreciation - Service Concession -Airport Systems Accumulated Impairment Losses- Service Concession- Airport Systems ~ 6

13 Philippine Government Chart of Accounts 204 Railways Road Networks 304 Accumulated Depreciation - Railways Accumulated Depreciation - Road Networks Accumulated Impairment Losses- Road Networks Service Concession - Road Networks Accumulated Depreciation - Service Concession - Road Networks Accumulated Impairment Losses - Service Concession - Road Networks 205 Electrification, Power and Energy Structures Power Supply Systems 305 Accumulated Depreciation - Electrification, Power and Accumulated Depreciation - Power Supply Systems Energy Structures Accumulated Impairment Losses- Power Supply Systems Service Concession - Power Supply Systems Accumulated Depreciation - Service Concession - Power Supply Systems Accumulated Impairment Losses- Service Concession - Power Supply Systems Building Buildings and Other Structures 2 Office Buildings Buildings 3 Accumulated Depreciation - Office Buildings Accumulated Depreciation - Buildings Accumulated Impairment Losses - Buildings Investment Property, Buildings I 05 0 Accumulated Depreciation - Investment Property, Buildings Accumulated Impairment Losses - Investment Property, Buildings 22 School Buildings School Buildings 32 Accumulated Depreciation - School Buildings Accumulated Depreciation - School Buildings Accumulated Impairment Losses- School Buildings 23 Hospitals and Health Centers Hospitals and Health Centers 33 Accumulated Depreciation - Hospitals and Health Accumulated Depreciation - Hospitals and Health Centers Centers Accumulated Impairment Losses- Hospitals and Health Centers 24 Markets and Slaughterhouses Markets 34 Accumulated Depreciation - Markets and Accumulated Depreciation - Markets Slaughterhouses Accumulated Impairment Losses - Markets Slaughterhouses Accumulated Depreciation - Slaughterhouses Accumulated Impairment Losses- Slaughterhouses 7

14 Philippine Government Chart of Accounts 25 Other Structures Hostels and Dormitories 35 Accumulated Depreciation - Other Structures Accumulated Depreciation - Hostels and Dormitories Accumulated Impairment Losses- Hostels and Dormitories Historical Buildings 06 0 Accumulated Depreciation - Historical Buildings Accumulated Impairment Losses- Historical Buildings Other Heritage Assets Accumulated Depreciation - Other Heritage Assets Accumulated Impairment Losses- Other Heritage Assets Investment Property, Buildings 05 0 Accumulated Depreciation- Investment Property, Buildings Accumulated Impairment Losses -Investment Property, Buildings Other Structures Accumulated Depreciation - Other Structures Accumulated Impairment Losses- Other Structures Leased Assets Leased Assets, Land d Leased Assets, Buildings and Other Structures Accumulated Depreciation - Leased Assets, Buildings and Other Accumulated Impairment Losses- Leased Assets, Buildings and Other Structures Leased Assets, Machinery and Equipment Accumulated Depreciation - Leased Assets, Machinery and Equipment Accumulated Impairment Losses - Leased Assets, Machinery and Leased Assets, Transportation Equipment Accumulated Depreciation - Leased Assets, Transportation Equipment Accumulated Impairment Losses- Leased Assets, Transportation Other Leased Assets Accumulated Depreciation - Other Leased Assets Accumulated Impairment Losses- Other Leased Assets Leasehold Improvements Leased Assets Improvements 28 Leasehold Improvements, Land Leased Assets Improvements, Land t 38 Accumulated Depreciation - Leasehold Improvements, Accumulated Depreciation - Leased Assets Improvements, Land Land Accumulated Impairment Losses- Leased Assets Improvements, Land 29 Leasehold Improvements, Buildings Leased Assets Improvements, Buildings 39 Accumulated Depreciation- Leasehold Improvement Accumulated Depreciation -Leased Assets Improvements, Buildings Buildings Accumulated Impairment Losses- Leased Assets Improvements, Buildings ~ 8

15 Philippine Government Chart of Accounts 220 Other Leasehold Improvements Other Leased Assets Improvements 320 Accumulated Depreciation - Other Leasehold Accumulated Depreciation - Other Leased Assets Improvements Improvements Accumulated Impairment Losses- Other Leased Assets Improvements Office Equipment, Furniture and Fixtures Furniture, Fixtures and Books 22 Office Equipment Office Equipment 32 Accumulated Depreciation - Office Equipment Accumulated Depreciation - Office Equipment Accumulated Impairment Losses- Office Equipment Property and Equipment for Distribution 222 Furniture and Fixtures Furniture and Fixtures 322 Accumulated Depreciation - Furniture and Fixtures Accumulated Depreciation- Furniture and Fixtures Accumulated Impairment Losses- Furniture and Fixtures 223 IT Equipment and Software Information and Communication Technology Equipment Property and Equipment for Distribution 08 0 Intangible Assets Computer Software 323 Accumulated Depreciation- IT Equipment and Accumulated Depreciation- Information and Commun cation Technology Software Equipment Accumulated Impairment Losses- Information and Communication Technology Equipment 08 0 Accumulated Amortization- Computer Software 224 Library Books Books 324 Accumulated Depreciation - Library Books Accumulated Depreciation- Books Accumulated Impairment Losses- Books Machinery and Equipment Machinery and Equipment 226 Machinery Machinery 326 Accumulated Depreciation - Machinery Accumulated Depreciation - Machinery Accumulated Impairment Losses - Machinery Printing Equipment Accumulated Depreciation - Printing Equipment Property and Equipment for Distribution Accumulated Impairment Losses - Printing Equipment 227 Agricultural, Fishery and Forestry and Equipment Agricultural and Forestry Equipment 327 Accumulated Depreciation -Agricultural, Fishery and Accumulated Depreciation - Agricultural and Forestry Equipment Forestry and Equipment Accumulated Impairment Losses- Agricultural and Forestry Equipment Marine and Fishery Equipment Accumulated Depreciation- Marine and Fishery Equipment Accumulated Impairment Losses- Marine and Fishery Equipment Property and Equipment for Distribution ~ 9

16 2hilippine Government Chart of Accounts 228 Airport Equipment Airport Equipment 328 Accumulated Depreciation - Airport Equipment Accumulated Depreciation - Airport Equipment Accumulated Impairment Losses -Airport Equipment 229 Communication Equipment Communication Equipment 329 Accumulated Depreciation - Communication Accumulated Depreciation- Communication Equipment Accumulated Impairment Losses- Communication Equipment Information and Communication Technology Equipment Accumulated Depreciation- Information and Communication Technology Equipment Accumulated Impairment Losses - Information and Communicatijnology Equipment Property and Equipment for Distribution 230 Construction and Heavy Equipment Construction and Heavy Equipment 330 Accumulated Depreciation - Construction and Accumulated Depreciation - Construction and Heavy Equipment Heavy Equipment Accumulated Impairment Losses- Construction and Heavy Equipment 23 Firefighting Equipment and Accessories Disaster Response and Rescue Equipment 33 Accumulated Depreciation - Firefighting Equipment Accumulated Depreciation- Disaster Response and Rescue Equipment Accumulated Impairment Losses- Disaster Response and Rescue Equipment Other Machinery and Equipment Accumulated Depreciation - Other Machinery and Equipment Accumulated Impairment Losses- Other Machinery and Equipment Property and Equipment for Distribution 232 Hospital Equipment Medical Equipment 332 Accumulated Depreciation - Hospital Equipment Accumulated Depreciation- Medical Equipment Accumulated Impairment Losses- Medical Equipment Property and Equipment for Distribution 233 Medical, Dental and Laboratory Equipment Medical Equipment 333 Accumulated Depreciation - Medical, Dental and Accumulated Depreciation - Medical Equipment Laboratory Equipment Accumulated Impairment Losses- Medical Equipment Property and Equipment for Distribution 234 Military and Police Equipment Military, Police and Security Equipment 334 Accumulated Depreciation - Military and Police Accumulated Depreciation -Military, Police and Security Equipment Equipment Accumulated Impairment Losses- Military, Police and Security Equipment Property and Equipment for Distribution 235 Sports Equipment Sports Equipment Accumulated Depreciation - Sports Equipment 335 Accumulated Depreciation - Sports Equipment Accumulated Impairment Losses- Sports Equipment Property and Equipment for Distribution ~ 0

17 .Philippine Government Chart of Accounts 236 Technical and Scientific Equipment Technical and Scientific Equipment 336 Accumulated Depreciation- Technical and Scientific Accumulated Depreciation- Technical and Scientific Equipment Equipment Accumulated Impairment Losses- Technical and Scientific Equipment Property and Equipment for Distribution 240 Other Machinery and Equipment Other Machinery and Equipment 340 Accumulated Depreciation -Other Machinery and Property and Equipment for Distribution Equipment Accumulated Depreciation - Other Machinery and Equipment Accumulated Impairment Losses- Other Machinery and Equipment Transportation Equipment Transportation Equipment 24 Motor Vehicles Motor Vehicles 34 Accumulated Depreciation - Motor Vehicles Accumulated Depreciation -Motor Vehicles Accumulated Impairment Losses- Motor Vehicles 242 Trains Trains ~ 342 Accumulated Depreciation - Trains Accumulated Depreciation - Trains Accumulated Impairment Losses- Trains 243 Aircrafts and Aircraft Ground Equipment Aircrafts and Aircrafts Ground Equipment 343 Accumulated Depreciation - Aircrafts and Aircraft Accumulated Depreciation - Aircrafts and Aircrafts Ground Equipment Accumulated Impairment Losses - Aircrafts and Aircrafts Ground 244 Watercrafts Watercrafts 344 Accumulated Depreciation - Watercrafts Accumulated Depreciation - Watercrafts Accumulated Impairment Losses - Watercrafts 248 Other Transportation Equipment Other Transportation Equipment 348 Accumulated Depreciation - Other Transportation Accumulated Depreciation- Other Transportation Equipment Equipment Accumulated Impairment Losses - Other Transportation Equipment Other Property, Plant and Equipment Other Property, Plant and Equipment 250 Other Property, Plant and Equipment Other Property, Plant and Equipment 00 Accumulated Depreciation - Other Property, Plant an Accumulated Depreciation - Other Property, Plant and Equipment Equipment Accumulated Impairment Losses - Other Property, Plant and Equipment Property and Equipment for Distribution Historical Buildings 06 0 Accumulated Depreciation - Historical Buildings Accumulated Impairment Losses - Historical Buildings Other Heritage Assets Accumulated Depreciation - Other Heritage Assets Accumulated Impairment Losses- Other Heritage Assets

18 Phil.ippine Government Chart of Accounts Public Infrastructures Infrastructure Assets 25 Roads, Highways and Bridges Road Networks Accumulated Depreciation - Road Networks Accumulated Impairment Losses - Road Networks Service Concession - Road Networks Accumulated Depreciation - Service Concession - Road Networks Accumulated Impairment Losses -Service Concession- Road Networks Parks, Plazas and Monuments Parks, Plazas and Monuments Accumulated Depreciation - Parks, Plazas and Monuments Accumulated Impairment Losses - Parks, Plazas and Monuments Service Concession - Parks, Plazas and Monuments Accumulated Depreciation- Service Concession- Parks, Plazas and Monuments 253 Ports, Lighthouses and Harbors Accumulated Impairment Losses - Service Concession - Parks, Plazas and Monuments Seaport Systems Accumulated Depreciation - Seaport Systems ( Accumulated Impairment Losses- Seaport Systems Service Concession - Seaport Systems Accumulated Depreciation - Service Concession - Seaport Systems Accumulated Impairment Losses - Service Concession - Seaport Systems Irrigation, Canals, and Laterals Water Supply Systems Accumulated Depreciation - Water Supply Systems Accumulated Impairment Losses - Water Supply Systems Service Concession - Water Supply Systems Accumulated Depreciation - Service Concession - Water Supply Systems Accumulated Impairment Losses - Service Concession - Water Supply Systems 255 Flood Controls Flood Control Systems Accumulated Depreciation - Flood Control Systems Accumulated Impairment Losses - Flood Control Systems Service Concession - Flood Control Systems Accumulated Depreciation - Service Concession - Flood Control Systems Accumulated Impairment Losses - Service Concession - Flood Control Systems 256 Waterways, Aqueducts, Seawalls, River Walls and Water Supply Systems Others Accumulated Depreciation - Water Supply Systems Accumulated Impairment Losses - Water Supply Systems Service Concession - Water Supply Systems Accumulated Depreciation - Service Concession- Water Supply Systems Accumulated Impairment Losses- Service Concession - Water Supply Systems Flood Control Systems Accumulated Depreciation - Flood Control Systems Accumulated Impairment Losses - Flood Control Systems ~ 2

19 Philippine Government Chart of Accounts 256 Waterways, Aqueducts, Seawalls, River Walls and Service Concession - Flood Control Systems Others Accumulated Depreciation - Service Concession - Flood Control Systems Accumulated Impairment Losses - Service Concession - Flood Control Systems Other Infrastructure Assets Accumulated Depreciation - Other Infrastructure Assets Accumulated Impairment Losses - Other Infrastructure Assets Other Service Concession Assets Accumulated Depreciation - Other Service Concession Assets Accumulated Impairment Losses - Other Service Concession Assets 260 Other Public Infrastructures Other Infrastructure Assets Accumulated Depreciation - Other Infrastructure Assets Accumulated Impairment Losses - Other Infrastructure Assets Other Service Concession Assets Accumulated Depreciation - Other Service Concession Assets Accumulated Impairment Losses- Other SeNice Concession Asse~ Road Networks Accumulated Depreciation - Road Networks Accumulated Impairment Losses- Road Networks Service Concession - Road Networks Accumulated Depreciation - Service Concession - Road Networks Accumulated Impairment Losses -Service Concession - Road Networks Sewer Systems Accumulated Depreciation - Sewer Systems Accumulated Impairment Losses - Sewer Systems Service Concession - Sewer Systems Accumulated Depreciation - Service Concession - Sewer Systems Accumulated Impairment Losses - Service Concession - Sewer Systems Power Supply Systems Accumulated Depreciation - Power Supply Systems Accumulated Impairment Losses- Power Supply Systems Service Concession - Power Supply Systems Accumulated Depreciation - Service Concession - Power Supply Systems Accumulated Impairment Losses - Service Concession - Power Supply Systems Communication Networks Accumulated Depreciation - Communication Networks Accumulated Impairment Losses - Communication Networks Service Concession - Communication Networks Accumulated Depreciation - Service Concession - Communication Networks Accumulated Impairment Losses -Service Concession - Communication Networks ~ 3

20 260 Philippine Government Chart of Accounts Other Public Infrastructures Seaport Systems Accumulated Depreciation - Seaport Systems Accumulated Impairment Losses- Seaport Systems Service Concession - Seaport Systems Accumulated Depreciation - Service Concession- Seaport Systems Accumulated Impairment Losses- Service Concession - Seaport Systems Airport Systems Accumulated Depreciation - Airport Systems Accumulated Impairment Losses- Airport Systems Service Concession - Airport Systems Accumulated Depreciation - Service Concession- Airport Systems Accumulated Impairment Losses- Service Concession -Airport Systems Reforestation Projects 26 Reforestation - Upland 262 Reforestation - Marshland/Swampland Land Improvements, Reforestation Projects Accumulaled /mpairmenl Losses- Land Improvements, Reforestatlfljects Construction in Progress Agency Assets 264 Construction in Progress -Agency Assets Public Infrastructures/Reforestation Projects 266 Construction in Progress - Roads, Highways and Bridges 267 Construction in Progress- Parks, Plazas and Monuments 268 Construction in Progress- Ports, Lighthouses and Harbors 269 Construction in Progress- Artesian Wells, Reservoirs, Pumping Stations and Counduits 270 Construction in Progress- Irrigation, Canals and Laterals 27 Construction in Progress- Flood Controls 272 Construction in Progress- Waterways, Aqueducts, Seawalls, River Walls and Others 273 Construction in Progress- Other Public Infrastructure 06 0 Construction in Progress Construction in Progress- Land Improvements Construction in Progress - Buildings and Other Structures Construction in Progress- Leased Assets Improvements Construction in Progress - Leased Assets Construction in Progress - Infrastructure Assets 4

21 Phil!ppine Government Chart of Accounts Construction in Progress- Reforestation - Upland Construction in Progress- Reforestation - Marshland/Swampland Construction in Progress- Infrastructure Assets 08 0 Intangible Assets Patents/Copyrights Accumulated Amortization -Patents/Copyrights Other Intangible Assets Accumulated Amortization- Other Intangible Assets Other Assets 28 Work/Other Animals 282 Breeding Stocks 99 ~r Assets Work/Zoo Animals Accumulated Depreciation - Work/Zoo Animals Accumulated Impairment Losses- Work/Zoo Animals 07 Biological Assets 07 0 Bearer Biological Assets Breeding Stocks Accumulated Impairment Losses - Breeding Stocks Livestock 07 0 Accumulated Impairment Losses - Livestock Other Bearer Biological Assets Accumulated Impairment Losses - Other Bearer Biological Assets Consumable Biological Assets Livestock Held for Consumption/Sale/Distribution Accumulated Impairment Losses- Livestock Held for Consumption/Sale/Distribution Trees, Plants and Crops Accumulated Impairment Losses- Trees, Plants and Crops Aquaculture Accumulated Impairment Losses- Aquaculture 283 Arts, Archeological Specimens and Other Exhibits 284 Items in Transit Works of Arts and Archeological Specimens Accumulated Depreciation - Works of Arts and Archeological Specimens Accumulated Impairment Losses - Works of Arts and Archeological Specimens Other Assets 285 Restricted Fund/Cash deleted-goccs' use 5

22 Philippi,ne Government Chart of Accounts Other Assets 290 Other Assets Acquired Assets Accumulated Impairment Losses -Acquired Assets Foreclosed Property/Assets Accumulated Impairment Losses- Foreclosed Property/Assets Forfeited Property/ Assets Accumulated Impairment Losses - Fotfeited Property/Assets Confiscated Property/Assets 290 Other Assets Accumulated Impairment Losses - Confiscated Property/Assets Abandoned/Surrendered Property/ Assets Accumulated Impairment Losses -Abandoned Property/Assets Other Assets Accumulated Impairment Losses - Other Assets Other Service Concession Assets Accumulated Depreciation - Other Service Concession Assets Accumulated Impairment Losses - Other Service Concession Assets ( Liabilities Current Liabilities Payable Accounts 40 Accounts Payable Accounts Payable 402 Notes Payable Notes Payable 403 Due to Officers and Employees Due to Officers and Employees 408 Dividend Payable Other Payables 409 Interest Payable Interest Payable Inter-Agency Payables 4 Due to National Treasury appropriate income accountls or Accumulated Surplus/(Deficit) ( ) account 42 Due to BIR Due to BIR 43 Due to GSIS Due to GSIS 44 Due to PAG-IBIG Due to Pag-IBIG 45 Due to PHILHEAL TH Due to PhiiHealth 46 Due to Other NGAs Due to NGAs 47 Due to Other GOCCs Due to GOCCs 47 Due to LGUs Due to LGUs Internal Revenue Allotment Payable Due to Joint Venture 6

23 Philip~i.ne Government Chart of Accounts Intra - Agency Payables Intra-Agency Payables 42 Due to Central Office/Home Office Due to Central Office 422 Due to Regional Offices/Staff Bureaus/Branch Offices Due to Bureaus Due to Regional Offices 423 Due to Operating Units Due to Operating Units 424 Due to Other Funds 425 Due to Subsidiaries/Affiliates Other Current Liability Accounts 426 Guaranty Deposits Payable Guaranty/Security Deposits Payable 427 Performance/Bidders/Bail Bonds Payable Bail Bonds Payable Guaranty/Security Deposits Payable Customers' Deposits Payable 428 Currency Swap Payable 429 Tax Refunds Payable Due to BIR 439 Other Payables Other Payables Operating Lease Payable Awards and Rewards Payable Trust Liabilities Trust Liabilities- Disaster Risk Reduction and Management Fund Finance Lease Payable Long-term Liabilities Mortgage/Bonds/Loans Payable 44 Mortgage Payable 442 Bonds Payable- Domestic Bonds Payable - Domestic Discount on Bonds Payable - Domestic Premium on Bonds Payable - Domestic 443 Bonds Payable- Foreign Bonds Payable- Foreign Discount on Bonds Payable -Foreign Premium on Bonds Payable- Foreign 444 Loans Payable- Domestic Loans Payable - Domestic Treasury Bills Payable 445 Loans Payable- Foreign Loans Payable - Foreign 7

24 450 Phil~ppine Government Chart of Accounts Other Long-Term Liabilities Other Payables Deferred Credits 45 Deferred Real Property Tax Income 452 Deferred Special Education Tax Income 455 Other Deferred Credits Equity Government Equity 50 Government Equity 502 Capital Stock 503 Paid in Capital in Excess of Par Value 504 Subscribed Capital Stock 505 Restricted Capital 506 Appraisal Capital Stock 507 Treasury Stock 50 Retained Earnings Intermediate Accounts 5 Cost of Goods Sold 52 Income and Expense Summary 52 Retained Operating Surplus Deferred Credits/Unearned Income Deferred Credits deleted-lgu's use only deleted-lgu's use only Other Deferred Credits Deferred Finance Lease Revenue Unearned Revenue Unearned Revenue- Investment Property Other Unearned Revenue 2 06 Provisions Provisions Pension Benefits Payable Leave Benefits Payable Retirement Gratuity Payable Other Provisions Accumulated Surplus/(Deficit) Equity in Joint Venture Contributed Capital Revaluation Surplus Accumulated Surplus/(Deficit) 5 04 Direct Costs Cost of Goods Manufactured Direct Labor Manufacturing Overhead Cost of Sales Cost of Sales Revenue and Expense Summary 8

25 ,,Philippine Government Chart of Accounts Income Tax Revenue National Taxes 55 Business Tax 552 Capital Gains Tax 553 Documentary Stamp Tax 554 Donors Tax 555 Estate Tax 556 Excise Tax on Articles 557 Final Tax 558 Franchise Tax 559 Immigration Tax 560 Import Duties 56 Income Tax- Individuals 562 Income Tax- Partnerships 563 Income Tax- Corporations 564 Professional Tax 565 Stock Transfer Tax 566 Tax on Forest Products 567 Value Added Tax 568 Value Added Tax- Expanded 569 Travel Tax 578 Other National Taxes 579 Fines and Penalties- National Taxes Local Taxes 58 Amusement Tax 582 Business Tax 583 Community Tax 584 Franchise Tax 585 Occupation Tax 586 Printing and Publication Tax 587 Property Transfer Tax 588 Real Property Tax 589 Real Property Tax on Idle Lands 590 Special Assessment Tax 59 Special Education Tax 592 Tax on Delivery Trucks and Vans Tax Revenue Business Tax Capital Gains Tax Documentary Stamp Tax Donors Tax Estate Tax Excise Tax Business Tax Business Tax Immigration Tax Import Duties Income Tax Professional Tax Business Tax deleted-lgu's use only Business Tax deleted-lgu's use only Business Tax Income Tax Business Tax Capital Gains Tax Donors Tax deleted-lgu's use only Travel Tax Immigration Tax Other Taxes Tax Revenue- Fines and Penalties - Taxes on Individual and Corporation Tax Revenue- Fines and Penalties- Property Taxes Tax Revenue - Fines and Penalties -Taxes on Goods and Services Tax Revenue- Fines and Penalties- Other Taxes Tax on Delivery Vans and Trucks ~ 9

26 Philippine Government Chart of Accounts Tax on Sand, Gravel and Other Quarry Products Other Local Taxes Fines and Penalties - Local Taxes General Income Permit and Licenses 60 Fees on Weights and Measures 602 Fishery Rental Fees 603 Franchising and Licensing Fees 604 Motor Vehicles Users Charge 605 Permit Fees 606 Registration Fees 608 Other Permits and Licenses 609 Fines and Penalties - Permits and Licenses Service Income 6 Affiliation Fees 62 Athletic and Cultural Fees 63 Clearance and Certification Fees 64 Comprehensive Examination Fees 65 Diploma and Graduation Fees 66 Garbage Fees 67 Inspection Fees 68 LibraryFees 69 Medical, Dental and Laboratory Fees 620 Passport and Visa Fees 62 Processing Fees 622 Seminar Fees 623 Toll and Terminal Fees 624 Transcript of Record Fees 628 Other Service Income 629 Fines and Penalties - Service Income Tax on Sand, Gravel and Other Quarry Products deleted-lgu's use only Tax Revenue - Fines and Penalties -Taxes on Individual and Corporation Tax Revenue - Fines and Penalties - Property Taxes Tax Revenue- Fines and Penalties- Taxes on Goods and Services deleted-lgu's use only Business Tax Registration Plates, Tags and Stickers Fees Franchising Fees Licensing Fees Motor Vehicles Users' Charge Permit Fees Registration Fees Supervision and Regulation Enforcement Fees deleted Affiliation Fees School Fees Clearance and Certification Fees Examination Fees School Fees School Fees deleted-lgu's use only Inspection Fees School Fees School Fees Passport and Visa Fees Verification and Authentication Fees Processing Fees Seminar/Training Fees Road Network Fees School Fees Other Service Income Supervision and Regulation Enforcement Fees Legal Fees Spectrum Usage Fees Fines and Penalties- Service Income 20

27 Philippine Government Chart of Accounts Business Income 63 Hospital Fees 632 Income from Canteen Operations 633 Income from Cemetery Operations 634 Income from Communication Facilities 635 Income from Dormitory Operations 636 Income from Markets 637 Income from Slaughterhouses 638 Income from Transportation System Income from Waterworks System Landing and Parking Fees Printing and Publication Income Rent Income Sales Revenue Tuition Fees Other Business Income 650 Fines and Penalties- Business Income Hospital Fees Other Business Income deleted-lgu's use only Communication Network Fees Income from Hostels/Dormitories and Other Like Facilities Other Business Income Slaughterhouse Operation Transportation System Fees Road Network Fees Seaport System Fees Waterworks System Fees Landing and Parking Fees Income from Printing and Publication RenULease Income Sales Revenue Sales Discounts School Fees Other Business Income Power Supply System Fees Guarantee Income Share in the Profit of Joint Venture Fines and Penalties- Business Income Subsidy Income 65 Subsidy Income from National Government 652 Subsidy from Other National Government Agencies 653 Subsidy from Central Office/Home Office 654 Subsidy from Regional Offices/Staff Bureaus/Branch 655 Subsidy from Operating Units 656 Subsidy from Other LGUs 657 Subsidy from Other Funds 658 Subsidy from Subsidiaries/Affiliates Other General Income 66 Dividend Income 662 Income from Grants and Donations 663 Insurance Income 664 Interest Income 665 Internal Revenue Allotment Subsidy from National Government Subsidy from Other National Government Agencies Assistance from Local Government Units Subsidy from Other Funds deleted-goccs use Dividend Income Income from Grants and Donations in Cash Income from Grants and Donations in Kind Fidelity Insurance Income Interest Income deleted-lgu's use only 2

28 Philippine Government Chart of Accounts Sale of Confiscated/Abandoned/Seized Goods and Properties Share from Economic Zones Share from Expanded Value Added Tax Share from National Wealth Share from PAGCOR/PCSO Share from Tobacco Excise Tax Miscellaneous Income Other Fines and Penalties Sale of Garnished/Confiscated/Abandoned/Seized Goods and Properties deleted-goccs use de/eted-goccs use Share from National Wealth Share from PAGCOR/PCSO deleted-goccs use Share from Earnings of GOCCs Other Gains Tax Revenue- Fines and Penalties- Taxes on Individual and Corporation Tax Revenue - Fines and Penalties - Property Taxes Tax Revenue- Fines and Penalties- Taxes on Goods and Services Tax Revenue - Fines and Penalties - Other Taxes Fines and Penalties- Service Income Fines and Penalties - Business Income Gain/Loss 68 Gain/Loss on Foreign Exchange (FOREX) 682 Gain/Loss on Sale of Disposed Assets 683 Gain/Loss on Sale of Securities 684 Prior Years' Adjustments Gain on Foreign Exchange (FOREX) Loss on Foreign Exchange (FOREX) Gain on Sale of Investment Property Loss on Sale of Investment Property Gain on Sale of Property, Plant and Equipment Loss on Sale of Propery, Plant and Equipment Gain on Sale of Biological Assets Loss on Sale of Biological Assets Gain on Sale of Agricultural Produce Loss on Sale of Agricultural Produce Gain on Sale of Intangible Assets Loss on Sale of Intangible Assets Other Gains Other Losses Loss on Sale of Assets Gain on Sale of Investments Loss on Sale of Investments Gain on Initial Recognition of Biological Assets Gain from Changes in Fair Value Less Cost to Sell of Biological Assets 070 Due to Physical Change Gain from Changes in Fair Value Less Cost to Sell of Biological Assets 080 Due to Price Change deleted in compliance with IPSAS 22

29 .,Philippine Government Chart of Accounts Expenses Personal Services Salaries and Wages 70 Salaries and Wages- Regular 702 Salaries and Wages- Military/Uniformed 703 Salaries and Wages - Part-time 704 Salaries and Wages- Substitute 705 Salaries and Wages - Casual 706 Salaries and Wages - Contractual 707 Salaries and Wages - Emergency Salaries and Wages - Regular 00 Salaries and Wages - Casual/Contractual Other Compensation 7 Personal Economic Relief Allowance (PERA) 72 Additional Compensation (ADCOM) 73 Representation Allowance (RA) 74 Transportation Allowance (TA) 75 Clothing/Uniform Allowance 76 Subsistence, Laundry and Quarters Allowances 77 Productivity Incentive Allowance 78 Overseas Allowance 79 Other Bonuses and Allowances 720 Honoraria 72 Hazard Pay 722 Longevity Pay 723 Overtime and Night Pay 724 Cash Gift 725 Year End Bonus Personal Economic Relief Allowance (PERA) Representation Allowance (RA) Transportation Allowance (TA) Clothing/Uniform Allowance Subsistence Allowance Laundry Allowance Quarters Allowance Productivity Incentive Allowance Overseas Allowance Other Bonuses and Allowances Honoraria 02 0 Hazard Pay Longevity Pay Overtime and Night Pay Cash Gift Year End Bonus r Personnel Benefit Contributions 73 Life and Retirement Insurance Contributions 732 PAG-IBIG Contributions 733 PHILHEALTH Contributions 734 ECC Contributions Retirement and Life Insurance Premiums Pag-IBIG Contributions PhiiHealth Contributions Employees Compensation Insurance Premiums Other Personnel Benefits 738 Pension Benefits - Civilian 739 Pension Benefits- Military/Uniformed 740 Retirement Benefits- Civilian 74 Retirement Benefits- Military/Uniformed Pension Benefits Retirement Gratuity ~ 23

30 PhiHppine Government Chart of Accounts 742 Terminal Leave Benefits Terminal Leave Benefits 743 Health Workers Benefits Other Personnel Benefits 749 Other Personnel Benefits Other Personnel Benefits Provident/Welfare Fund Contributions Maintenance and Other Operating Expenses Traveling Expenses 75 Traveling Expenses - Local Traveling Expenses - Local 752 Traveling Expenses- Foreign Traveling Expenses- Foreign Training and Scholarship Expenses 753 Training Expenses Training Expenses 754 Scholarship Expenses Scholarship Grants/Expenses Supplies and Materials Expenses 755 Office Supplies Expenses Office Supplies Expenses 756 Accountable Forms Expenses Accountable Forms Expenses Non-Accountable Forms Expenses 757 Animal/Zoological Supplies Expenses Animal/Zoological Supplies Expenses 758 Food Supplies Expenses Food Supplies Expenses Welfare Goods Expenses 759 Drugs and Medicines Expenses Drugs and Medicines Expenses 760 Medical, Dental and Laboratory Supplies Expenses Medical, Dental and Laboratory Supplies Expenses 76 Gasoline, Oil and Lubricants Expenses Fuel, Oil and Lubricants Expenses 762 Agricultural Supplies Expenses Agricultural and Marine Supplies Expenses 763 Textbooks and Instructional Materials Expenses Textbooks and Instructional Materials Expenses 764 Military and Police Supplies Expenses Military, Police and Traffic Supplies Expenses 765 Other Supplies Expenses Other Supplies and Materials Expenses Chemical and Filtering Supplies Expenses Non-Accountable Forms Expenses Utility Expenses 766 Water Expenses Water Expenses 767 Electricity Expenses Electricity Expenses 768 Cooking Gas Expenses Other Supplies and Materials Expenses Communication Expenses 77 Postage and Deliveries Postage and Courier Services 772 Telephone Expenses- Landline Telephone Expenses 773 Telephone Expenses- Mobile 774 Internet Expenses Internet Subscription Expenses 775 Cable, Satellite, Telegraph and Radio Expenses Cable, Satellite, Telegraph and Radio Expenses $it 24

31 ,Philippine Government Chart of Accounts Membership Dues and Contributions to Organizations 778 Membership Dues and Contribution to Organizations Membership Dues and Contributions to Organizations Awards and Indemnities 779 Awards and Indemnities Advertising Expenses 780 Advertising Expenses Awards/Rewards Expenses Prizes Other Maintenance and Operating Expenses Advertising Expenses Printing and Binding Expenses 78 Printing and Binding Expenses Printing and Publication Expenses Rent Expenses 782 Rent Expenses Rent/Lease Expenses Representation Expenses 783 Representation Expenses Representation Expenses Transportation and Delivery Expenses 784 Transportation and Delivery Expenses Transportation and Delivery Expenses Storage Expenses 785 Storage Expenses Other Maintenance and Operating Expenses Subscription Expenses 786 Subscription Expenses Subscription Expenses Survey Expenses 787 Survey Expenses Rewards and Other Claims 788 Rewards and Other Claims Professional Services 79 Legal Services 792 Auditing Services 793 Consultancy Services 794 Environment/Sanitary Services 795 General Services 796 Janitorial Services 797 Security Services Survey Expenses Research, Exploration and Development Expenses Awards/Rewards Expenses Prizes 00 Legal Services 0 Auditing Services 030 Consultancy Services 2 00 Environment/Sanitary Services Other General Services Janitorial Services Security Services 25

32 799.,Philippine Government Chart of Accounts Other Professional Services Other Professional Services Research, Exploration and Development Expenses Repairs and Maintenance Land Improvements Repairs and Maintenance- Land Improvements Repairs and Maintenance- Runways/Taxiways Repairs and Maintenance - Railways Repairs and Maintenance- Electrification, Power and Energy Structures Repairs and Maintenance- Investment Property Repairs and Maintenance - Land Improvements Repairs and Maintenance - Infrastructure Assets Buildings 8 Repairs and Maintenance- Office Buildings 82 Repairs and Maintenance- School buildings 83 Repairs and Maintenance - Hospitals and Health Centers 84 Repairs and Maintenance- Markets and Slaughterhouses 85 Repairs and Maintenance- Other Structures Repairs and Maintenance - Buildings and Other Structures Leasehold Improvements 88 Repairs and Maintenance- Leasehold Improvements, Land 89 Repairs and Maintenance- Leasehold Improvements, Buildings 820 Repairs and Maintenance - Other Leasehold Improvements Repairs and Maintenance- Leased Assets Repairs and Maintenance- Leased Assets Improvements Office Equipment, Furniture and Fixtures 82 Repairs and Maintenance- Office Equipment 822 Repairs and Maintenance - Furniture and Fixtures 823 Repairs and Maintenance- IT Equipment and Repairs and Maintenance - Machinery and Equipment Repairs and Maintenance - Furniture and Fixtures Repairs and Maintenance - Machinery and Equipment Machinery and Equipment 826 Repairs and Maintenance- Machinery Repairs and Maintenance- Machinery and Equipment 827 Repairs and Maintenance- Agricultural, Fishery and Forestry Equipment 828 Repairs and Maintenance -Airport Equipment 829 Repairs and Maintenance - Communication Equipment 26

33 Philippine Government Chart of Accounts 830 Repairs and Maintenance - Construction and Heavy Repairs and Maintenance- Machinery and Equipment Equipment 83 Repairs and Maintenance- Firefighting Equipment an 832 Repairs and Maintenance - Hospital Equipment 833 Repairs and Maintenance- Medical, Dental and 834 Repairs and Maintenance - Military and Police Equipment 835 Repairs and Maintenance - Sports Equipment 836 Repairs and Maintenance- Technical and Scientific Equipment 840 Repairs and Maintenance- Other Machinery and Equipment Transportation Equipment 84 Repairs and Maintenance- Motor Vehicles 842 Repairs and Maintenance- Trains 843 Repairs and Maintenance- Aircrafts and Aircraft 844 Repairs and Maintenance- Watercrafts 848 Repairs and Maintenance- Other Transportation Equipment Other Property, Plant and Equipment 850 Repairs and Maintenance - Other Property, Plant and Equipment Public Infrastructures 85 Repairs and Maintenance- Roads, Highways and Bridges 852 Repairs and Maintenance- Parks, Plazas and Monuments 853 Repairs and Maintenance- Ports, Lighthouses and Harbors 854 Repairs and Maintenance - Artesian Wells, Reservoir, Pumping Stations and Conduits 855 Repairs and Maintenance- Irrigation, Canals and Laterals Repairs and Maintenance- Flood Controls Repairs and Maintenance- Waterways, Aqueducts, Repairs and Maintenance- Other Public Repairs and Maintenance - Transportation Equipment Restoration and Maintenance - Heritage Assets Repairs and Maintenance - Other Property, Plant and Equipment Repairs and Maintenance- Infrastructure Assets 27

34 ,Philippine Government Chart of Accounts Reforestation Projects 86 Repairs and Maintenance- Reforestation- Upland Repairs and Maintenance- Land Improvements 862 Repairs and Maintenance - Reforestation - Marshland/Swampland Subsidies and Donations 87 Subsidy to National Government Agencies 872 Subsidy to Regional Offices/Staff Bureaus/Branch Offices 872 Subsidy to Regional/Branches 873 Subsidy to Operating Units 874 Subsidy to Local Government Units 875 Subsidy to Government Owned and/or Controlled Corporations 876 Subsidy to NGOs/POs 877 Subsidy to Other Funds Subsidy to NGAs Financial Assistance to NGAs Financial Assistance to Local Government Units Internal Revenue Allotment Budgetary Support to Government-Owned and/or Controlled Corporations Financial Assistance to NGOs/POs 878 Donations Donations Subsidies - Others Confidential, Intelligence, Extraordinary and Miscellaneous Expenses 88 Confidential Expenses Intelligence Expenses Extraordinary Expenses Miscellaneous Expenses Confidential Expenses Intelligence Expenses Extraordinary and Miscellaneous Expenses Taxes, Insurance Premiums and Other Fees 89 Taxes, Duties and Licenses 892 Fidelity Bond Premiums 893 Insurance Expenses Non-Cash Expenses Bad Debts Expenses 90 Bad Debts Expenses Depreciation Land Improvements 902 Depreciation- Land Improvements Taxes, Duties and Licenses Fidelity Bond Premiums Insurance Expenses Impairment Loss- Loans and Receivables Depreciation- Investment Property Depreciation- Land Improvements 28

35 Philippine Government Chart of Accounts Depreciation- Runways/Taxiways Depreciation - Railways Depreciation - Electrification, Power and Energy Structures Depreciation- Infrastructure Assets Buildings 9 Depreciation -Office Buildings 92 Depreciation- School Buildings 93 Depreciation - Hospitals and Health Centers 94 Depreciation- Markets and Slaughterhouses 95 Depreciation - Other Structures Leasehold Improvements 98 Depreciation- Leasehold Improvements, Land 99 Depreciation- Leasehold Improvements, Buildings 920 Depreciation - Other Leasehold Improvements Office Equipment, Furniture and Fixtures 92 Depreciation - Office Equipment 922 Depreciation - Furniture and Fixtures 923 Depreciation - IT Equipment 924 Depreciation - Library Books Depreciation - Buildings and Other Structures Depreciation - Heritage Assets Depreciation - Buildings and Other Structures Depreciation - Buildings and Other Structures Depreciation - Buildings and Other Structures Depreciation - Buildings and Other Structures Depreciation - Heritage Assets Depreciation - Leased Assets Depreciation - Leased Assets Improvements Depreciation - Machinery and Equipment Depreciation- Furniture, Fixtures and Books Depreciation - Machinery and Equipment Depreciation - Furniture, Fixtures and Books Machinery and Equipment 926 Depreciation - Machinery 927 Depreciation -Agricultural, Fishey and Forestry Equipment 928 Depreciation -Airport Equipment 929 Depreciation - Communication Equipment 930 Depreciation - Construction and Heavy Equipment 93 Depreciation - Firefighting Equipment and Accessorie 932 Depreciation - Hospital Equipment 933 Depreciation - Medical, Dental and Laboratory Equipment 934 Depreciation - Military and Police Equipment 935 Depreciation - Sports Equipment 936 Depreciation -Technical and Scientific Equipment 940 Depreciation - Other Machineries and Equipment Depreciation- Machinery and Equipment fjr 29

36 Philippine Government Chart of Accounts Transportation Equipment 94 t Depreciation - Motor Vehicles 942 Depreciation -Trains 943 Depreciation - Aircrafts and Aircraft Ground Equipmen 944 Depreciation - Watercrafts 948 Depreciation - Other Transportation Equipment Other Property, Plant and Equipment 950 Depreciation - Other Property, Plant and Equipment Depreciation -Transportation Equipment Depreciation - Other Property, Plant and Equipment Depreciation - Heritage Assets Impairment Loss Impairment Loss- Financial Assets Held to Maturity Impairment Loss - Loans and Receivables Impairment Loss- Lease Receivables Impairment Loss- Investments in GOCCs Impairment Loss- Investments in Joint Venture Impairment Loss - Other Receivables Impairment Loss - Inventories Impairment Loss- Investment Property Impairment Loss- Property, Plant and Equipment Impairment Loss - Biological Assets Impairment Loss- Intangible Assets Impairment Loss- Investments in Associates Impairment Loss- Other Assets Depletion 95 Obsolescence- IT Software Amortization - Intangible Assets Discounts 954 Discount on Real Property Taxes 955 Discount on Special Education Tax Tax Exemption and Refunds 957 Loss from Tax Exemptions 958 Tax Refunds Remittance to National Treasury from Assets Disposal 959 Remittance to National Treasury from Assets Disposal Other Losses deleted o Cash - Treasury/Agency Deposit, Regular r:pt 30

37 Philippine Government Chart of Accounts Other Maintenance and Operating Expenses 96 Loss of Assets 962 Loss on Guaranty 969 Other Maintenance and Operating Expenses Financial Expenses 97 Bank Charges 972 Commitment Fees Debt Service Subsidy to GOCCs Documentary Stamp Expenses Interest Expenses Other Financial Charges Loss of Assets Loss on Guaranty Other Maintenance and Operating Expenses Demolition/Relocation and Desilting/Dredging Expenses Demolition and Relocation Expenses Desilting and Dredging Expenses Generation, Transmission and Distribution Expenses Generation, Transmission and Distribution Expenses Bank Charges Commitment Fees Guarantee Fees Budgetary Support to Government-Owned and/or Controlled Corporations Other Financial Charges Interest Expenses Other Financial Charges Management Supervision/Trusteeship Fees 3

38 Annex B. List of New Accounts NEW ACCOUNTS/REVISED DESCRIPTION OF ACCOUNTS ACCOUNT CODE ACCOUNT TITLE Treasury/Agency Cash Accounts Cash- Tax Remittance Advice Cash- Constructive Income Remittance Land Accumulated Impairment Losses - Land Service Concession Assets ~ Service Concession- Road Networks Accumulated Depreciation- Service Concession- Road Networks Accumulated Impairment Losses -Service Concession- Road Networks Service Concession- Flood Control Systems Accumulated Depreciation - Service Concession- Flood Control Systems Accumulated Impairment Losses- Service Concession- Flood Control Systems Service Concession- Sewer Systems Accumulated Depreciation - Service Concession - Sewer Systems Accumulated Impairment Losses- Service Concession- Sewer Systems Service Concession -Water Supply Systems Accumulated Depreciation- Service Concession- Water Supply Systems Accumulated Impairment Losses -Service Concession- Water Supply Systems Service Concession - Power Supply Systems Accumulated Depreciation- Service Concession- Power Supply Systems Accumulated Impairment Losses- Service Concession- Power Supply Systems Service Concession- Communication Networks Accumulated Depreciation- Service Concession- Communication Networks Accumulated Impairment Losses -Service Concession- Communication Networks Service Concession- Seaport Systems Accumulated Depreciation- Service Concession- Seaport Systems Accumulated Impairment Losses -Service Concession - Seaport Systems Service Concession -Airport Systems Accumulated Depreciation- Service Concession- Airport Systems Accumulated Impairment Losses -Service Concession- Airport Systems Service Concession- Parks, Plazas and Monuments Accumulated Depreciation- Service Concession- Parks, Plazas and Monuments Accumulated Impairment Losses- Service Concession- Parks, Plazas and Monuments Other Service Concession Assets Accumulated Depreciation- Other Service Concession Assets

39 Accumulated Impairment Losses- Other Service Concession Assets liability Service Concession Arrangements Payable 2 OS 00 Deferred Service Concession Revenue Equity Contributed Capital Revenue Service Concession Revenue Expenses Depreciation -Service Concession Asset Loss on Initial Recognition of Biological Assets 2. of New Accounts ASSETS Assets 0 Cash and Cash Equivalents 04 Treasury/Agency Cash Accounts Cash- Tax Remittance Advice Debit In the remitting agency books, this account is debited for constructive receipts of NCA for TRA and credited for constructive remittances of taxes to BIR through TRA. In the B!R books, this account is debited for the constructive receipt of tax revenue through TRA and credited for the yearend closing to Accumulated Surplus/(Deficit). In the BTr books, this account is credited for the constructive utilization of NCA for TRA by the remitting agencies and debited upon closing to Accumulated Surplus/( Deficit). Cash- Constructive Income Remittance Debit This account is debited for constructive remittance of income by Foreign Service Posts and credited for the year-end closing to Accumulated Surplus/(Deficit). In the BTr books, this account is credited for the constructive receipt of remitted income by FSPs and debited upon closing to Accumulated Surplus/(Deficit). 06 Property Plant and Equipment Accumulated Impairment Losses - Land 0600 Credit This account is credited for the amount recognized to reduce land to its

40 recoverable amount due to impairment. Debit this account upon derecognition of the asset reversal of impairment loss. 2 Service Concession Assets Service Concession- Road Networks Debit This account is used to record the cost or fair value of road networks recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion. Accumulated Depreciation -Service Concession - Road Networks 0620 Credit This account is credited for the allocation of cost of service concession - road networks in accordance with the prescribed policy on depreciation. Debit this account upon de recognition of the asset. Accumulated Impairment Losses -Service Concession- Road Networks Credit This account is credited for the amount recognized to reduce service concession - road networks to its recoverable amount due to impairment. Debit this account upon derecognition of the asset or reversal of impairment loss. Service Concession - Flood Control Systems Debit This account is used to record the cost of flood control systems recognized as a result of service concession arrangements. Credit this account upon de recognition of the carrying amount of the replaced portion. Accumulated Depreciation -Service Concession - Flood Control Systems Credit This account is credited for the allocation of cost of service concessionflood control systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Accumulated Impairment Losses - Service Concession - Flood Control Systems Credit This account is credited for the amount recognized to reduce service concession - flood control systems to its recoverable amount due to impairment. Debit this account upon derecognition of the asset or reversal of impairment loss.

41 Service Concession- Sewer Systems Debit This account is use to record the cost of sewer systems recognized as a result of service concession arrangement. Credit this account upon derecognition of the carrying amount of the replace portion or whole of asset. Accumulated Depreciation- Service Concession - Sewer Systems Credit This account is credited for the allocation of service concession - sewer systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Accumulated Impairment Losses- Service Concession -Sewer SystemsK Credit This account is credited for the amount recognized to reduce service concession- sewer systems to its recoverable amount due to impairment. Debit this account upon derecognition of the asset or reversal of impairment loss. Service Concession- Water Supply Systems Debit This account is used to record the cost of water supply systems recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Accumulated Depreciation -Service Concession - Water Supply Systems Credit This account is credited for the allocation of service concession - water supply systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Accumulated Impairment Losses - Service Concession - Water Supply Systems Credit This account is credited for the amount recognized to reduce service concession - water supply systems to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal impairment loss. Service Concession- Power Supply Systems Debit This account is used to record the cost of power supply systems recognized

42 as a result of service concession arrangements. Credit this account upon de recognition of the carrying amount of the replaced portion or whole of asset. Accumulated Depreciation- Service Concession- Power Supply Systems Credit This account is credited for the allocation of service concession - power supply systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Accumulated Impairment Losses - Service Concession - Power Supply Systems Credit This account is credited for the amount recognized to reduce service concession - power supply systems to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal impairment loss. Service Concession- Communication Networks Debit This account is used to record the cost of communication network recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Accumulated Depreciation- Service Concession- Communication Networks Credit This account is credited for the allocation of service concessioncommunication networks in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Accumulated Impairment Losses -Service Concession - Communication Networks Credit This account is credited for the amount recognized to reduce service concession - communication networks to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal impairment loss. Service Concession- Seaport Systems Debit This account is used to record the cost of seaport systems recognized as a result of service concession arrangements. Credit this account upon de recognition of the carrying amount of the replaced portion or whole of asset.

43 Accumulated Depreciation- Service Concession- Seaport Systems Credit This account is credited for the allocation of service concession - seaport systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Accumulated Impairment Losses -Service Concession - Seaport Systems Credit This account is credited for the amount recognized to reduce service concession - seaport systems to its recoverable amount due to impa'rment. Debit this account upon derecognition of asset or reversal impairment loss. Service Concession- Airport Systems Debit This account is used to record the cost of airport systems recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Accumulated Depreciation- Service Concession- Airport Systems Credit This account is credited for the allocation of service concession - airport systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Accumulated Impairment Losses- Service Concession- Airport Systems Credit This account is credited for the amount recognized to reduce service concession - airport systems to its recoverable amount due to impairment.debit this account upon derecognition of asset or reversal impairment loss. Service Concession- Parks, Plazas and Monuments Debit This account is used to record the cost in building parks, plazas and monuments recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion

44 Accumulated Depreciation - Service Concession Parks, Plazas and Monuments Credit This account is credited for the allocation of service concession - parks, plazas and monuments in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Accumulated Impairment Losses - Service Concession - Parks, Plazas and Monuments Credit This account is credited for the amount recognized to reduce service concession - parks, plazas and monuments to its recoverable amount due to impairment. Debit this account upon derecognition of asset or rev sal impairment loss. Other Service Concession Assets Debit This account is used to record the cost of other service concession assets recognized as a result of service concession arrangements. Credit this account upon derecognition of the carrying amount of the replaced portion or whole of asset. Accumulated Depreciation- Other Service Concession Assets Credit This account is credited for the allocation of other service concession assets in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of asset. Accumulated Impairment Losses- Other Service Concession Assets Credit This account is credited for the amount recognized to reduce other service concession assets to its recoverable amount due to impairment. Debit this account upon derecognition of asset or reversal impairment loss. 2 liabilities 2LIABILITIES Service Concession Arrangements Payable Debit This account is used to record the liability arising from unconditional obligation of the grantor entity to make series of payments to the operator upon recognition of service concession assets, excluding finance charge and service components of the payments. Credit this account upon

45 payment or when the amount of payments in advance of the service concession asset being recognized was expended. Deferred Service Concession Revenue Debit This account is used to record the unearned service concession revenue arising from the grant to operator the right to earn revenue from third party users of the service concession asset or another revenue generating asset. Credit this account as revenue is recognized. 3EQUITY Contributed Capital Credit (Debit) This account is used to record capital contributed by the government to the entity. It includes share capital (i.e. capital stock) as well as additional paid-in capital. 4 REVENUE 4 Revenue Service Concession Revenue Debit This account is used to record the revenue arising from the grant by grantor entity to the operator the right to earn revenue from third party users of the service concession asset or another revenue generating asset. This account is closed to Revenue and Expense Summary account. 5 EXPENSES OS Non-Cash Expenses 0 Depreciation Depreciation -Service Concession Assets Debit This account is used to record the periodic allocation of cost for the wear and tear of service concession-road networks; service concession-flood control systems; service concession-sewer systems; service concessionwater supply systems; service concession-power supply systems; service concession-communication networks; service concession-seaport systems; service concession-airport systems; service concession-parks, plazas and monuments and other service concession assets in accordance with the prescribed policy on depreciation. This account shall be closed to the Revenue and Expense Summary account.

46 . ' Subsidiary Ledgers: 0 - Road Networks 02- Flood Control Systems 03- Sewer Systems 04- Water Supply Systems OS- Power Supply Systems 06- Communication Networks 07 -Seaport Systems 08 -Airport Systems 09 -Parks, Plaza and Monuments 99 -Other Service Concession Assets 05 Non-Cash Expenses 04 Losses Loss on Initial Recognition of Biological Assets SOS04090 Debit This account is used to record amount of loss incurred upon initial of biological assets representing the cost to sell. This account shall be closed to the Revenue and Expense Summary account. 3. Revised of Accounts a. List of Revised/Modified Accounts ACCOUNT CODE ACCOUNT TITLE Cash on Hand Cash- Collecting Officer 0 00 Petty Cash Cash in Bank- Local Currency Cash in Bank- Local Currency, Current Account Cash in Bank- Local Currency, Savings Account Cash- Treasury/ Agency Cash Accounts Cash- Treasury/Agency Deposit, Special Account Cash- Treasury/Agency Deposit, Trust Loans and Receivable Accounts Loans Receivable- Government-Owned and/or Controlled Corporations Dividends Receivable Intra-Agency Receivables Due from Central Office Due from Bureaus Due from Regional Offices Due from Operating Units 03 OS 000 Other Receivables 03 OS 00 Receivables- Disallowances/Charges 03 OS 020 Due from Officers and Employees

47 Property, Plant and Equipment Land Other Property, Plant and Equipment Work/Zoo Animals Other Assets Confiscated Property I Assets Abandoned/Surrendered Property I Assets INCOME Subsidy from National Government Expenses Awards/Rewards and Prizes Awards/Rewards Expenses Financial Assistance/Subsidy Subsidy to NGAs Financial Assistance to NGOs/POs Representation Expenses Non-Cash Expenses 5 OS Loss of Assets b. of Revised/Modified Accounts ASSETS Assets 0 Cash and Cash Equivalents 0 Cash on Hand Cash - Collecting Officer 0000 Debit This account is used to record the amount of collections with the Collecting Officers for remittance to the Treasurer of the Philippines (TOP)/ deposit to AGDBs. Credit this account for remittance to the TOP /deposit to AGDBs. Petty Cash Debit This account is used to record the amount granted to duly designated Petty Cash Custodian for payment of authorized petty or miscellaneous expenses which cannot be conveniently paid through checks. Credit this account every time there is a change of Petty Cash Custodian for refund and liquidation of cash advance.

48 02 Cash in Bank - Local Currency Cash in Bank- Local Currency, Current Account Debit This account is used to record deposits with AGDBs of income received for which the agency has authority to use; trust receipts authorized under specific contracts and agreements; Revolving Fund under specific laws; and credit advices/memos received from the AGDBs. Credit this acco t for check disbursements and debit advices/memos received from the A DBs. In the BTr-NG books, this account is used to record collecti ns of the Bureau of Internal Revenue (BIR) and Bureau of Customs (BO ) through authorized agent banks (AABs), replenishments of MDS negotiated checks and fund transfers from other cash accounts of the TOP. Credit this account for withdrawals for negotiated Modified Disbursement System (MDS) checks with AGDBs; coupon payments on bonds; payment of maturing Treasury Bills and Treasury Bonds through Automatic Transfer Account (ATA); payment of claims for backpay and emergency currency guerilla notes; and fund transfers to other cash accounts ofthe TOP. Cash in Bank- Local Currency, Savings Account Debit This account is used only in the BTr-NG books to record deposits to savings account with AGDBs for collections of fees and charges from national collecting officers (NCOs); investment of funds; maturity of investments; and proceeds of over-the counter placements of Treasury Bills and Treasury Bonds. Credit this account for replenishments of the MDS accounts with AGDBs and transfers to other cash accounts of the TOP. Cash- Treasury/ Agency Deposit, Special Account Debit Debit this account in the agency books to record the amount of collections remitted to the BTr under the Special Account in the General Fund (SAGF). Credit this account to record receipt of NCA and upon closing ofthe SAGF. In the BTr books, credit this account for remittance made by NGAs for SAGF. This is debited for replenishments of negotiated checks charged to MDS- Special Account. Cash- Treasury/Agency Deposit, Trust Debit Debit this account in the agency books to record the amount of trust receipts/collections and trust funds remitted to the BTr and adjustments for lapsed NCA. Credit this account to record receipt of NCA and upon closing of the trust account.

49 In the BTr books, credit this account for remittance made by NGAs for trust receipts/collections and trust funds. This is debited for replenishments of negotiated checks charged to MDS- Trust Accounts. 0 loans and Receivable Accounts Loans Receivable- Government-Owned and/or Controlled Corporations Debit This account is used in the BTr-NG books to record credits/loans in foreign or local currency extended by the NG to the GFis/GOCCs covered by loan agreements. Credit this account for receipt of loan repayments, transfers or write-off and NG advances for principal repayments on elent loans of GFis/GOCCs. Dividends Receivable Debit This account is used by the BTr to record dividends due on NG equity in GFis/ GOCCs. Credit this account upon receipt of dividends, transfers, or write-off. 04 Intra-Agency Receivables Due from Central Office Debit This account is used to record transfer of funds not covered by allotment to the Central Office from the Regional Offices/Bureaus/Operating Units of NGAs. Credit this account for payment/liquidation of fund transferred. Due from Bureaus Debit This account is used to record transfer of funds not covered by allotment to their Bureaus and Offices from the Department/Offices. It also includes fund transfers to a Bureau/Office from another Bureau/Office of the same department/office. Credit this account for payment/liquidation of fund transferred. Due from Regional Offices Debit This account is used to record transfer of funds not covered by allotment to their Regional Offices from the Central Offices/Bureaus/Operating Units of NGAs. It also includes fund transfers to a Regional/Branch Office from another Regional/Branch Office of the same agency. Credit this account for payment/liquidation of fund transferred.

50 .. Due from Operating Units Debit This account is used to record transfer of funds not covered by allotment to the Operating Units from the Field Units with complete set of books or from the Central/Regional Office/Bureaus of NGAs. It also includes fund transfers to an Operating/Field Unit from another Operating/Field Unit of the same agency. Credit this account for payment/liquidation of fund transferred. 05 Other Receivables Receivables- Disallowances/Charges Debit This account is used to record the amount of disallowances/charges in audit due from public/private individuals/entities which have become final and executory. Credit this account for settlement of disallowances/ charges. Due from Officers and Employees Debit This account is used to record amount of claims from agency's officers and employees for overpayment (not covered by NO), cash shortage, loss of assets and other bills issued by the agency. Credit this account for collection of receivables. 06 Property, Plant and Equipment 0 Land Land Debit This account is used to record the cost incurred in the purchase/reclamation or fair value if acquired through donation or transfers without cost of land. Credit this account upon disposal or reclassification to Investment Property account. 99 Other Property, Plant and Equipment Work/Zoo Animals Debit This account is used to record the cost or fair value, if acquired through donation or transfers without cost, of animals acquired by an agency for work, entertainment and recreation. This includes animals used in military and police operations, animals in farms, fields, zoos, wildlife sanctuaries, aviaries, aquariums, and the like. Credit this account for transfer to other agency, other disposal or loss due to death or other causes.

51 .' 99 Other Assets 99 Other Assets Confiscated Property I Assets Debit This account is used to record the fair value of confiscated properties or assets for which ownership has been finally decided in favor of the government. Credit this account for disposal or reclassification to other PPE accounts. I Abandoned/Surrendered Property/ Assets Debit This account is used to record the fair value of abandoned or surrendered property or assets for which ownership has been finally decided in favor of the government. Credit this account for disposal or reclassification to other PPE accounts. 4 INCOME 4 Income 03 Assistance and Subsidy 0 Assistance and Subsidy Subsidy from National Government Credit This account is used to record the NCA for Regular and Special Account, constructive receipt of Non-Cash Availment Authority (NCAA) for advanced payments made by foreign creditors and donors; constructive receipt of CDC by Foreign Service Posts; Working Fund deposited to the foreign currency accounts of implementing NGAs for FAPs; constructive receipt of NCA for TRAs and Tax Expenditure Fund (TEF) Subsidy to GOCCs and NGAs; and, adjustments for lapsed NCA for Regular and Special Account. This account shall be closed to the Revenue and Expense Summary account or Cash- Treasury/ Agency Deposit, Special Account. 5 Expenses 5 EXPENSES 02 Maintenance and Other Operating Expenses 06 Awards, Rewards and Prizes Awards/Rewards Expenses Debit This account is used to record the amount given in recognition of any civic or professional achievement and rewards to informers for the receipt of reliable information leading to the successful arrest/capture of fugitives,

52 seizure/confiscation of smuggled goods, or collection of unpaid taxes/surcharges/fines/penalties. It also includes amount awarded by courts/administrative bodies to persons affected by the destruction of property/death/injury. This account shall be closed to the Revenue and Expense Summary account. 4 Financial Assistance/Subsidy Subsidy to NGAs Debit This account is used by the Bureau of the Treasury to record replenishments made to Authorized Government Servicing Banks for negotiated MDS checks and other payments on accounts of NGAs; constructive issuance of NCAA for advanced payments made by foreign creditors and donors; constructive issuance of CDC to Foreign Service Posts; Working Fund deposited to the foreign currency accounts of implementing NGAs for FAPs; constructive issuance of NCA for TRAs to BIR and Tax Expenditure Fund (TEF) Subsidy to GOCCs and NGAs. This account shall be closed to the Revenue and Expense Summary account and Cash- Treasury/ Agency Deposit, Special Account. Financial Assistance to NGOs/POs Debit This account is used to record the financial assistance to NGOs/POs through transfer of funds or assets for implementation of government programs/projects. This account shall be closed to the Revenue and Expense Summary account. 99 Other Maintenance and Operating Expenses Representation Expenses Debit This account is used to record the expenses incurred for official meetings/conferences and other official functions. This account shall be closed to the Revenue and Expense Summary account. OS Non-Cash Expenses 04 Losses Loss of Assets Debit This account is used to record amount of loss suffered by government due to theft/fortuitous events/calamities/civil unrest and events of same nature for which relief has been granted. This account shall be closed to the Revenue and Expense Summary account.

53 Annex C SAMPLE CONVERSION ENTRY Accounts and Explanation Code Debit Credit Petty Cash Fund , Cash in Bank- Local Currency, Current Account 0 020,303, Cash in Bank- Local Currency, Savings Account 0 030,42, Due from National Government Agencies ,800, Office Supplies Inventory ,000, Non-Accountable Forms Inventory , Prepaid Registration , Other Prepayments S,OOO,OOO.OO Office Equipment 06 OS 020 2,480, Furniture and Fixtures {6S,OOO.OO Other Property, Plant and Equipment ,637, Petty Cash Fund 04 97, Cash in Bank- Local Currency, Current Account,303, Cash in Bank- Local Currency, Savings Account 2,42, Due from NGAs 36 7,800, Office Supplies Inventory SS,200, Other Prepaid Expenses 8S S,672, Office Equipment 22 2,480, Furniture and Fixtures 222 2,6S,OOO.OO Other Property, Plant and Equipment 2SO,637, Accumulated Depreciation- Office Equipment 32,840, Accumulated Depreciation- Furniture and Fixtures 322 2,6S,OOO.OO Accumulated Depreciation- Other Property, Plant and Equipment 3SO,7, Due to BIR 42 S02, Due to GSIS 43 S,00.00 Due to PAG-IBIG 44 3, Due to PHILHEALTH 4S 4, Due to Other NGAs , Government Equity S0 7,4S7, Accumulated Depreciation- Office Equipment 06 OS 02,840, Accumulated Depreciation - Furniture and Fixtures ,6S,OOO.OO Accumulated Depreciation- Other Property, Plant and Equipment ,7, Due to BIR S02, Due to GSIS S,00.00 Due to PAG-IBIG , Due to PH I LH EAL TH , Due to NGAs oso 606, Accumulated Surplus/( Deficit) ,4S7, To record the conversion of NGAS Accounts to the revised accounts and transfer of balances. Total 48,432, ,432,600.00