Accountant's Office 

No single, unified method of control has ever been devised for all of an organization’s activities. There are simply too many kinds of activities in an organization for any one control system to be effective. Instead, managers or head of the departments or agencies use a series of control methods and systems to deal with the differing problems and elements of their organization. These control system are, however, interrelated sufficiently to allow managers/head of the departments/agencies to coordinate the organization’s activities and to keep them focused on the organization’s major goals.

So, the accounting divisions focused the financial control method to evaluate the LGU’s performance in dimensions that are crucial to its survival. Such control will be visible on a form of financial statements which will indicate the financial events that occurred since the last statement. The usefulness of the financial statements for applying control measures is limited by the fact that they cover only past events and cannot, obviously, be used to influence those events. A quarterly or monthly statement often can, however, provide users like managers, head of departments/agencies with useful information about trends or events in time to allow them to take corrective action in the coming months.

The financial statements most often used on a regular basis by organizations are balance sheets and income statements which can be visualized along with cash flow statements and statements of sources and uses of funds or what we called the income and expenditures report.


II. FUNCTIONAL STATEMENT

1.) To record all transaction and keep it on the book of accounts;
2.) To certify to the availability of budgetary allotment to which expenditures and obligations may be properly charged;
3.) To prepare financial statements and submit it to City Mayor, SP Office and to Provincial Treasurer and Auditor.


III. OBJECTIVES

1.) To maintain an internal audit system and to certify transactions to the availability of budgetary allotments which is in accordance with COA rules and regulations;
2.) To update the preparation and submission of financial statements.