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Intent on implementing improvement in its processes particularly in financial reporting, the Institute for Labor Studies (ILS) has sent six of its employees to train for the “Enhanced Electronic New Government Accounting System (e-NGAS) and eBudget version 2.0 held at the Professional Development Center, Commission on Audit (COA), Quezon City last August 8-12, 2016.

The participating ILS employees included the following: Chief Administrative Officer Camilo Franco S. Cabusas, Tranquilina L. Fallera (Administrative Officer V), Ivy A. Castronuevo (Accountant III), Kathrina M. Balondo (Administrative Assistant III), and Czarina May A. Cortez (Administrative Assistant III).

The enhanced eNGAS (New Government Accounting System) and eBudget software was developed by information technology (IT) experts from COA for use in the submission of financial reports required by the Department of Budget Management (DBM), COA and Department of Finance-Bureau of Treasury (DOF-BTr) from government agencies.

It is compliant with the Philippine Public Sector Accounting Standards (PPSAS), Revised Chart of Accounts (RCA) and Unified Accounts Code Structure (UACS) of the government, and is aligned with the international standard for financial accounting and now being used by government bookkeepers, budget officers and accountants nationwide.

The Institute for Labor Studies (ILS) is the policy research and advocacy arm of the Department of Labor and Employment. For more information on this story, please contact the Advocacy and Publications Division at 527-3490.