MINISTRY OF FINANCE General Directorate of Public Accounts. GOVERMENT ACCOUNTING March 200 3 , Ankara. AGENDA Clarification of General government sector (GG) The Current Government Accounting System (GAS) say2000i Project for consolidated budget
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General Directorate of Public Accounts
March 2003, Ankara
Treasury guaranties are recorded and reported as contingent liability. When a guaranty given unit does not pay its liability, Treasury pays on the behalf of that unit, but the paid amount is recorded as receivable by Treasury, and also the same amount is recorded as payable by that unit.
Complementary period method is used to complete the accounting period transactions. This method differs from the cash-based system in that accounts are held open for nearly one month after the fiscal year (set-off period). During this period expenditures incurred and invoices pertaining to transactions which occurred the preceding period are received provided that their allocations have been transferred to the set-off period. Receipts arising from the preceding period are also accepted. Receipts and payments, which occurred during the set-off period, but have resulted from the preceding period, are entered as receipts and payments of the preceding reporting period
Management of Accounting System: liability. When a guaranty given unit does not pay its liability, Treasury pays on the behalf of that unit, but the paid amount is recorded as In total, There are 1636 Accounting Offices in CB. All accounting offices are depended on MoF, except 3 Treasury AOs.
Note:These figures do not include 3250 local government accounting offices, 1463 Revolving Funds and 6 budgetary and extra-budgetary funds.
Accounting module; Turkey -Hascapability to perform all daily accounting operations,-Creates all daily and monthly accounting reports, and -Keeps all important records related with accounting practices on a central database
II- Sub-Accounting Regulations for sub-sectors;
C-Receivables from Revenues
E-Other Receivables and Current Assets
G-Debit’s Current Accounts
H-Other Current Assets
A-Receivables from Revenues
C-Financial Long Term Assets
D-Intangible Fixed Assets
III-Short Term Liabilities
E-Credit’s Current Accounts
F-Taxes and OtherLiabilities Payable
-Fixed Assets Inventory
-Budget Revenues Account
-Budget Expenditures Account
B-Stamps and Valuable Papers Account.
C-Non Cash Guarantees and Securities Owned by Persons
F-Other Off Balance Sheet Accounts.