Bill Type
Congress Name
Long Title
AN ACT PROFESSIONALIZI NG THE GOVERNMENT ACCOUNTING SERVICE TO SERVE AS A TOOL FOR EFFECTIVE MANAGEMENT AND CONTROL OF GOVERNMENT RESOURCES, CREATING FOR THE PURPOSE THE GOVERNMENT ACCOUNTANCY OFFICE UNDER THE DEPARTMENT OF BUDGET AND MANAGEMENT, AND FOR OTHER PURPOSES
Date filed
July 30, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 1598, 12th Congress of the Republic | |
| FULL TITLE : AN ACT PROFESSIONALIZI NG THE GOVERNMENT ACCOUNTING SERVICE TO SERVE AS A TOOL FOR EFFECTIVE MANAGEMENT AND CONTROL OF GOVERNMENT RESOURCES, CREATING FOR THE PURPOSE THE GOVERNMENT ACCOUNTANCY OFFICE UNDER THE DEPARTMENT OF BUDGET AND MANAGEMENT, AND FOR OTHER PURPOSES | |
| ABSTRACT : "Government Accounting Act of 1998." All government transactions shall be properly documented, recorded, classified and interpreted into meaningful data; and communicated on a timely basis to fiscal authorities concerned so that the information generated therefrom can be made useful for economic analysis, policy formulation and decision-making purposes. The responsibility to document and record faithfully said transaction should rest with government accountants. | |
| PRINCIPAL AUTHOR/S : ESCUDERO, FRANCIS G. | |
| DATE FILED : 2001-07-30 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Badelles (020 ) | 2. Tulagan (041 ) |
| 3. Syjuco (067 ) | 4. Dumpit (028 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT REORGANIZATION ON 2001-08-06 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON APPROPRIATIONS |
Abstract
"Government Accounting Act of 1998." All government transactions shall be properly documented, recorded, classified and interpreted into meaningful data; and communicated on a timely basis to fiscal authorities concerned so that the information generated therefrom can be made useful for economic analysis, policy formulation and decision-making purposes. The responsibility to document and record faithfully said transaction should rest with government accountants.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.