CY 2003

Revised Estimated Useful Life in Computing Depreciation for Government Property, Plant and Equipment

Use of Simplified Accounting Forms For Financial Transactions of Government Units Without Complete Set of Books of Accounts

Sale by Private Entities of New Government Accounting System (NGAS) Softwares to Government Agencies

Prohibition for the Chief Accountant and personnel of accounting units to be regular members of the Bids and Award Committees

Audit and Liquidation of Intelligence and Confidential Funds of Local Government Units

Audit and Liquidation of Intelligence and Confidential Funds for National and Corporate Sectors

Revised Chart of Accounts Under the New Government Accounting System