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NATIONAL ASSET
REGISTRY
Dante O. Sarno
Division Supply Officer
DepED-Division of Agusan del Sur
Under the Budget Reform Bill (BRB)
• Bureau of the Treasury (BTr) is to create and maintains an Asset
Registry System of the non-financial assets of the national government
(NG).
 Support the government property insurance
• Administrative Order No. 4 (August 7, 2017) – with DOF (thru BTr) as
Chair, Office of the Executive Secretary, DBM, IC GSIS as members
National Asset Registry
0720-ard
Asset Registry
• Comprehensive List and Inventory of the
NG’s Non-Financial Assets
• Acquire and maintain an asset
IT/database system for recording and
updating of the status of non-financial
asset of the NG;
• Central Repository of National Government
Assets for Fiscal Risk Management
0720-ard
Financial Information
0720-ard
DEPARTMENT OF EDUCATION
FINANCIAL INFORMATION FOR
NARS
1. Acquisition Cost- Amount of the acquisition cost of the Assets.
2. Book Value- Carrying value of the Assets
3. Depreciation- Refers to the reduction of the recorded costs of
an asset.
4. Asset Life- Estimated number of years in which the assets will
be useful. ( Lifespan)
5. Number of Years used- refers to the number of years that the
asset has been used/utilized.
6. DATE OF ACQUISITION- date acquired/ date of acceptance
7. Depreciable amount is the cost of an asset, or other amount substituted for cost, less its
residual value.
6
DEPARTMENT OF EDUCATION
DEPARTMENT OF EDUCATION
DEPARTMENT OF EDUCATION
DEPARTMENT OF EDUCATION
DEPARTMENT OF EDUCATION
DEPARTMENT OF EDUCATION
Steps to compute the carrying value/book
value.
1.Determine the date of acquisition.
2.Determine the cost
3.Determine the lifespan ( refer to COA
Circular 2017-004)
DEPARTMENT OF EDUCATION
FORMULA
Depreciation= Acquisition Cost- Residual Value
Estimated Useful Life
DEPARTMENT OF EDUCATION
DEPARTMENT OF EDUCATION
DEPARTMENT OF EDUCATION
DEPARTMENT OF EDUCATION
Subsequent addition
What if there is a subsequent repair of a school building that contributes to an increase in
the original acquisition cost.
====== COMPUTATION OF DEPRECIATION IS APPLIED PROSPECTIVELY===
For example:
1. Major repair amounting to P 1,200,000
2. School Building is already 5 years old
Compute the book value of school building, assuming in its 6th year existence.
DEPARTMENT OF EDUCATION
What is prospective application?
Prospective application is the application
of a new accounting policy to
transactions after the date of the policy
change, with recognition of the effect of
changes in accounting estimates in the
current and future periods. The change is
not applied to prior periods.
DEPARTMENT OF EDUCATION
20
THANK YOU
Email : dante.sarno001@deped.gov.ph
Contact Number : 09463500813
0720-ard

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NATIONAL-ASSET-REGISTRY-2022.pptx

  • 1. NATIONAL ASSET REGISTRY Dante O. Sarno Division Supply Officer DepED-Division of Agusan del Sur
  • 2. Under the Budget Reform Bill (BRB) • Bureau of the Treasury (BTr) is to create and maintains an Asset Registry System of the non-financial assets of the national government (NG).  Support the government property insurance • Administrative Order No. 4 (August 7, 2017) – with DOF (thru BTr) as Chair, Office of the Executive Secretary, DBM, IC GSIS as members National Asset Registry 0720-ard
  • 3.
  • 4. Asset Registry • Comprehensive List and Inventory of the NG’s Non-Financial Assets • Acquire and maintain an asset IT/database system for recording and updating of the status of non-financial asset of the NG; • Central Repository of National Government Assets for Fiscal Risk Management 0720-ard
  • 6. DEPARTMENT OF EDUCATION FINANCIAL INFORMATION FOR NARS 1. Acquisition Cost- Amount of the acquisition cost of the Assets. 2. Book Value- Carrying value of the Assets 3. Depreciation- Refers to the reduction of the recorded costs of an asset. 4. Asset Life- Estimated number of years in which the assets will be useful. ( Lifespan) 5. Number of Years used- refers to the number of years that the asset has been used/utilized. 6. DATE OF ACQUISITION- date acquired/ date of acceptance 7. Depreciable amount is the cost of an asset, or other amount substituted for cost, less its residual value. 6
  • 12. DEPARTMENT OF EDUCATION Steps to compute the carrying value/book value. 1.Determine the date of acquisition. 2.Determine the cost 3.Determine the lifespan ( refer to COA Circular 2017-004)
  • 13. DEPARTMENT OF EDUCATION FORMULA Depreciation= Acquisition Cost- Residual Value Estimated Useful Life
  • 17. DEPARTMENT OF EDUCATION Subsequent addition What if there is a subsequent repair of a school building that contributes to an increase in the original acquisition cost. ====== COMPUTATION OF DEPRECIATION IS APPLIED PROSPECTIVELY=== For example: 1. Major repair amounting to P 1,200,000 2. School Building is already 5 years old Compute the book value of school building, assuming in its 6th year existence.
  • 18. DEPARTMENT OF EDUCATION What is prospective application? Prospective application is the application of a new accounting policy to transactions after the date of the policy change, with recognition of the effect of changes in accounting estimates in the current and future periods. The change is not applied to prior periods.
  • 20. 20 THANK YOU Email : dante.sarno001@deped.gov.ph Contact Number : 09463500813 0720-ard