Accounting System

D.1  UP Manila shall adopt the government prescribed accounting system for national agencies.

D.2  The Accounting System shall satisfy the accountability requirements of those responsible for the conduct of government activities and operations, and ensure that controls for government resources are in place. The accounts shall be kept in such detail as is necessary to meet the needs of the University and at the same time be adequate to furnish the information needed by fiscal agencies of the government.

D.3  Separate books of accounts shall be maintained for the following funds: (Sec. 13 GAM Vol. 1)3

D.3.1  Regular Agency Fund - 01

D.3.2  Foreign Assisted Project Fund - 02

D.3.3  Internally Generated Fund – 05

D.3.4  Trust Receipts - 07