Fund Accountable Officer Qualifying Examination
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- Q1
It is a detailed procurement plan for annual expenses of a unit/office consistent with the Annual Plan and Budget.
Project Procurement Management Plan (PPMP)
Amendatory Procurement Plan (AmPP)
Supplemental Procurement Plan (SPP)
Annual Procurement Plan (APP)
30s - Q2
It refers to a procurement plan which are funded other than the GAA - PN Appropriation Fund or APs not included in the Final APP for the Budget Year
Supplemental Procurement Plan (SPP)
Amendatory Procurement Plan (AmPP)
Annual Procurement Plan (APP)
Project Procurement Management Plan (PPMP)
30s - Q3
It is a detailed requirement of a project specifying therein the quantity, specifications, amount, and procurement phase.
Project Procurement Management Plan (PPMP)
Annual Procurement Plan (APP)
Supplemental Procurement Plan (SPP)
Indicative APP
30s - Q4
It is the procurement plan which aim to change/amend any or all particulars of the APP/SPP or another AmPP previously approved by the Head of the Procuring Entity or FOIC, PN.
Project Procurement Management Plan (PPMP)
Supplemental Procurement Plan (SPP)
Amendatory Procurement Plan (AmPP)
Annual Procurement Plan (APP)
30s - Q5
It is the basis for the conduct of Early Procurement Activities (EPA).
Supplemental Procurement Plan (SPP)
Indicative APP
Annual Procurement Plan (APP)
Project Procurement Management Plan (PPMP)
30s - Q6
All are the requirements for the Initial Designation of Special Disbursing Officer/Petty Cash Fund Custodian EXCEPT:
Financial Management Certificate
Latest Statement of Assets, Liabilities & Networth (SALN)
Order of Designation
Neuro-Psychiatric Clearance
30s - Q7
Which of the following statements is CORRECT according to the duties and responsibilities of Accountable Officer?
Cash Box must not be prepared for any surprise cash examination to be conducted by internal and external auditors.
The AO shall see to it that private checks can be encashed with public funds.
A newly appointed Accountable Officer shall start with a new cashbook and record all transactions in the prescribed cashbook daily.
The accountable officer is not required to reconcile the book balance with the cash on hand daily.
30s - Q8
It is an officer of any government agency who by nature of his duties and responsibilities or participation in the collection/receipt and expenditure/use of government funds and property.
Collection and Remittance Officer (CRO)
Field Supply and Property Accountable Officer (FSPAO)
Accountable Officer (AO)
Special Disbursing Officer (SDO)
30s - Q9
An officer duly designated and authorized to handle and disburse government funds intended for a specified purpose such as Current Operating Expenses (COE) and Field Operating Expenses (FOE).
Field Supply and Property Accountable Officer (FSPAO)
Special Disbursing Officer (SDO)
Collection and Remittance Officer (CRO)
Accountable Officer (AO)
30s - Q10
Who is the authorized person by virtue of position entrusted for the approval and confirmation of the designation of all FAO such as SDO, PCFC and FSPAO?
Chief of Staff, AFP (CSAFP)
Flag-Officer-In-Command (FOIC)
Commander or Head of Units
Chief Accountant
30s - Q11
All of the statements are the authority and powers of the Commission on Audit under PD 1445 EXCEPT:
the preservation of vouchers for a period of ten years
forego the examination and inspection of the books, records, and papers relating to any accounts
keeping of the general accounts of the Government
audit and settlement of the accounts of all persons respecting funds or property received or held by them in an accountable capacity
30s - Q12
It is the Government Agency constitutionally mandated to promulgate accounting and auditing rules and regulations, including those for the prevention and disallowance of irregular, unnecessary, excessive, extravagant, or unconscionable expenditures, or uses of government funds and properties.
Department of Budget and Management (DBM)
Naval Accounting and Servicing Office (NASO)
Commission on Audit (COA)
Commission on Appropriations
30s - Q13
PD 1445: Laws, Rules and Regulations GoverningFinancial Transactions is also known as:
State Audit Cone of the Philippines
Station Audit Code of the Philippines
State of the Nation Adress
State Audit Code of the Philippines
30s - Q14
Which of the following statements is INCORRECT about the Fundamental Principles for Disbursement of Public Funds?
No money shall be paid out of any public treasury or depository except in pursuance of an appropriation law or other specific statutory authority.
Trust funds shall be available and may be spent only for the specific purpose for which the trust was created or the funds received.
Government funds or property shall be spent or used solely for public purposes.
All laws and regulations applicable to financial transactions shall be dishonestly adhered to.
45s - Q15
All the statements about the General Guidelines in Granting , Utilization and Liquidation of Cash Advance (COA Circular No. 97-002) are correct EXCEPT:
Transfer of Cash Advance from one Accountable Officer to another is lawfully allowed.
Only permanently appointed officials shall be designated as disbursing officers. Elected officials may be granted a CA only for their official travel.
No additional CA shall be allowed unless the previous cash advance given to him is settled or a proper accounting is made.
No cash advance shall be given unless for a legally specific purpose.
45s