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New
Government Accounting System |
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A
major improvement the Department has begun is the computerization of
its accounting records through the implementation of the Commission
on Audit (COA) Electronic New Government Accounting System (e-NGAS).
Almost all financial processing and record keeping is done manually,
which
is inherently prone to errors, particularly due to the large volume
of transactions the Department handles.
It
is estimated that the Central Office alone, has over 250,000
transactions a year of various types. The e-NGAS will allow the
Department to better manage this volume of transactions, and ensure
that transactions are properly recorded and posted. It will improve
the accuracy of financial information. The e-NGAS will also allow
the Department to improve management reporting of financial
information needed for operational and executive decision-making.
This will greatly assist in the monitoring of internal controls
within the Department.
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