Fely Mae P Magallones

4
th
Year - BSAT
REACTION PAPER
Our group perfore! a role play regar!"ng A##ount"ng Syste an! Bu!getary A##ounts spe#"f"#ally a$out
%eneral A##ount"ng Plan& Bu!getary A##ounts Syste& Bu!getary A##ounts& Agen#y Bu!get Matr"' (ABM)&
Pro#e!ures for the Preparat"on of the ABM& Allotent Release Or!er (ARO)& Re#or!"ng of Allotents& Pro#e!ures
"n the Mon"tor"ng an! Re#or!"ng of Allotents re#e"*e! fro +BM& Pro#e!ures for the Re#or!"ng of Su$-
Allotents Release Or!er (Su$-ARO) $y RO,O-& A##ount"ng for O$l"gat"on& an! Pro#e!ures for the re#or!"ng of
O$l"gat"ons.
In our ass"gne! top"# I ha*e learne! a lot of th"ngs. F"rst& I ha*e learne! that %eneral A##ount"ng Plan sho/s the
o*erall a##ount"ng syste of a go*ernent agen#y,un"t. There are also !"fferent a##ount"ng syste an! these
are0 a.) Bu!getary A##ounts Syste1 $.) Re#e"pts, In#oe an! +epos"t Syste1 #.) +"s$urseent Syste1 an! !.)
F"nan#"al Report"ng Syste. Se#on!& I ha*e learne! that $u!getary a##ounts are #ons"st of the appropr"at"ons&
allotents& an! o$l"gat"ons& /here"n appropr"at"ons refer to the author"2at"ons a!e $y la/ or other leg"slat"*e
ena#tent for payents to $e a!e /"th fun!s of the go*ernent un!er spe#"f"e! #on!"t"ons or for spe#"f"e!
purposes. 3astly& I ha*e learne! that "n prepar"ng for the ABM an! "n the on"tor"ng an! re#or!"ng of allotents
re#e"*e! fro +BM you ha*e to un!ergo a lot of pro#esses or pro#e!ures an! there are a spe#"f"# staff /ho are
ass"gne! "n that part"#ular pro#e!ures,a#t"*"ty.