Republic of the Philippines
COMMISSION ON AUDIT
Commaninraltl; Avenue, Quezun City, Philippines
CIRCULAR
No: __2015-O}f
Date 06
10 Provincial Governors, City/Munieipal Mayors; Accountants, Cashiers.
Local Treasnrers. and Budget Officers; COA Assistant
Commissioners, Directors and Auditors; and All Others Concerned
SUBJECT: ~ P¥scribing the Use of the Manual on Financial Management for
Barangays.
The Commission on Audit pursuant to the constitutional mandate to. promulgate
accounting and auditing rules and regulations pertaining to the funds and property of the
Government prepared the Manual on Finaneial Management for Barangays.
In fine with the foregoing, this Commission hereby promulgates and prescribes the use af
the Manual on Financial Management for Barangays (MFMB).The Manual adopted the
Philippine Publie Sector Accounting Standards (PPSAS) prescribed under COA
Resolution No. 2014-008 dated January 4, 2004
The Manual provides for the following
+ recognition
PPSAS;
‘+ other financial procedures providing guidelines in the exercise of the duties and
responsibilities of the barangay officials as provided in the Code and other laws; and
+ reporting requirements for barangay aeeounts compliant with the standaris,
measurement; and presentation of accounts in accordance with the
This supersedes the previous issuances on the presentation and accounting of barangay
Finnanefal transactions
ERE
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3. AGUINALDO.
Chiemors rose Aythae
Commi
joner Commissioner