Chapter 2 - The Unified Accounts Code Structure

Question 1

One of the key elements of Unified Accounts Code Structure (UACS) is the Funding Source Codes. Which of the following is NOT part of Funding Source Codes?
a. Revised Chart of Accounts
b. Financing Source
c. Authorization
d. Fund Category

Answer 1

A. Revised Chart of Accounts

Question 2

Location Codes is a nine-digit code to reflect different area following the Philippine Standard Geographic Code prescribed by the National Statistical Coordination Board. Which of the following area is NOT covered by the Location Codes under UACS?
a. Province
b. Municipality
c. Barangay
d. Street

Answer 2

D. Street

Question 3

Organization Codes is one of the key elements of Unified Accounts Code Structure (UACS). Which of the following is not one of those reflected by this element?
a. Department
b. Agency
c. Operating Unit
d. Government-Owned and Controlled Corporation

Answer 3

d. Government-owned and controlled corporation

Question 4

For purposes of Unified Accounts Code Structure (UACS), Constitutional Offices, the Judiciary and the Legislature are categorized as:
a. Lower-level operating unit
b. Sub-agency
c. Agency
d. Department

Answer 4

D. Department

Question 5

It is an integrated group of activities that contributes to an agency or department’s continuing objective.
a. Major Final Output (MFO)
b. Program
c. Activity
d. Project

Answer 5

B. Program

Question 6

It refers to any various units of the government, including an office, instrumentality or GOCC that may not approximate the size of a department, but which nonetheless performs tasks that are equally important and whose area of concern is nationwide in scope.
a. Central Office
b. Operating unit
c. Agency
d. Bureau

Answer 6

c. Agency

Question 7

According to Joint Circular No. 2013-1 dated August 6, 2013, the following departments jointly developed the Unified Accounts Code Structure (UACS), except
a. Department of Budget and Management
b. Joint Legislative-Executive Council
c. Department of Finance
d. Commission on Audit

Answer 7

b. Joint Legislative- Executive Council

Question 8

It is a political corporate unit of government which serves as a dynamic mechanism for developmental processes and effective governance of local government units within its territorial jurisdiction.
a. Region
b. Province
c. Municipality
d. Barangay

Answer 8

b. Province

Question 9

It is the fund available for any purpose that Congress may choose to apply and is composed of all receipts or revenues that do not otherwise accrue to other funds.
a. Custodial Fund
b. General fund
c. Off-budgetary fund
d. Revolving fund

Answer 9

b. General fund

Question 10

These are annual authorizations for incurring obligations, in terms of specific amounts for Personnel Sevices, Maintenance, and Other Operating Expenses, Financial Expenses, and Capital Outlays during a specified budget year, as listed in the General Appropriations Act.
a. Automatic appropriations
b. Continuing appropriations
c. Supplemental appropriations
d. New general appropriations

Answer 10

d. New general appropriations