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    03-Slides - The Barangay Financial Statements and Reports

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    CG Eusebio
    The document discusses the barangay financial statements and reports. It defines the key components of the financial statements, which include the statement of financial position, statement of financial performance, statement of changes in net assets/equity, statement of cash flows, statement of comparison of budget and actual amounts, and notes to the financial statements. It describes the responsibility of the C/M accountant, barangay treasurer, and punong barangay in preparing and signing a statement of management responsibility for the financial statements. The notes to the financial statements provide additional explanations and details to enhance the financial information.

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    03-Slides - The Barangay Financial Statements and Reports

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    CG Eusebio
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    The document discusses the barangay financial statements and reports. It defines the key components of the financial statements, which include the statement of financial position, statement of financial performance, statement of changes in net assets/equity, statement of cash flows, statement of comparison of budget and actual amounts, and notes to the financial statements. It describes the responsibility of the C/M accountant, barangay treasurer, and punong barangay in preparing and signing a statement of management responsibility for the financial statements. The notes to the financial statements provide additional explanations and details to enhance the financial information.

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    The document discusses the barangay financial statements and reports. It defines the key components of the financial statements, which include the statement of financial position, statement of financial performance, statement of changes in net assets/equity, statement of cash flows, statement of comparison of budget and actual amounts, and notes to the financial statements. It describes the responsibility of the C/M accountant, barangay treasurer, and punong barangay in preparing and signing a statement of management responsibility for the financial statements. The notes to the financial statements provide additional explanations and details to enhance the financial information.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    4K views22 pages

    03-Slides - The Barangay Financial Statements and Reports

    Uploaded by

    CG Eusebio
    The document discusses the barangay financial statements and reports. It defines the key components of the financial statements, which include the statement of financial position, statement of financial performance, statement of changes in net assets/equity, statement of cash flows, statement of comparison of budget and actual amounts, and notes to the financial statements. It describes the responsibility of the C/M accountant, barangay treasurer, and punong barangay in preparing and signing a statement of management responsibility for the financial statements. The notes to the financial statements provide additional explanations and details to enhance the financial information.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 22

    The Barangay

    Financial Statements
    and Reports
    The Barangay Financial Statements and Reports

    Session Overview
     Basic Concepts
     Financial Statements (FS)
    - Components
    - Preparation
    - Responsibility
     Uses of the FS
    The Barangay Financial Statements and Reports

    Learning Objectives
    By the end of this session, the participants
    will be able to describe the work flow in the
    preparation of the financial statements, the
    components and the persons responsible,
    and the information conveyed in the
    financial statements.
    The Barangay Financial Statements and Reports

    Definition
    The financial statements serve as a tool
    in communicating the financial
    condition and results of operations of
    the barangay.
    The Barangay Financial Statements and Reports

    Definition
    Statement of Financial Position – shows the assets,
    liabilities and government equity.

    Statement of Financial Performance – shows the


    receipts or revenues and expenses of the barangay.

    Statement of Changes in Net Assets/Equity – shows


    changes in net assets/equity of the barangay.
    The Barangay Financial Statements and Reports

    Definition
    Statement of Cash Flows – presents all cash
    transactions of the barangay classified under
    operating, investing and financing activities.

    Statement of Comparison of Budget and Actual


    Amounts – shows the comparison of budget
    (estimates of income and appropriation) and actual
    amounts of income and expenditures.
    The Barangay Financial Statements and Reports

    Definition
    Notes to the Financial Statements – is an
    integral part that explains the items or
    accounts in the financial statements. It
    includes additional information to enhance
    the value of the financial data in the
    financial statements.
    The Barangay Financial Statements and Reports

    Components of the FS
    1. Statement of Financial Position;
    2. Statement of Financial Performance;
    3. Statement of Changes in Net Assets/Equity;
    4. Statement of Cash Flows;
    5. Statement of Comparison of Budget and Actual
    Amounts; and
    6. Notes to Financial Statements
    The Barangay Financial Statements and Reports

    Responsibility for FS
    A Statement of Management Responsibility
    showing the agency’s responsibility for the
    preparation and presentation of the financial
    statements shall be prepared and signed by
    the C/M Accountant, the BT and PB. This
    statement shall be submitted together with
    the year-end financial statements.
    Slide 5
    Notes to FS – Note No. 3

    Notes to Financial Statements


    Slide 5
    Notes to FS – Note No. 9-a

    Notes to Financial Statements


    Notes to FS – Note No. 9-b

    Notes to Financial Statements


    9. Personnel Services
    Notes to FS – Note No. 15

    Notes to Financial Statements


    Notes to FS – Note No. 25

    Notes to Financial Statements


    The Barangay Financial Statements and Reports

    Thank You!

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