Overview
The Chart of Accounts (COA) is at the heart of a government’s financial management system. It enables fiscal controls, discipline, and transparency while supporting performance and policy management. It likewise facilitates reporting and data analysis. A carefully designed unified COA is a prerequisite for Public Financial Management modernization and digitalization.
The Chart of Accounts (COA) Course is designed to help government financial managers explore the fundamental design criteria for creating a modern and effective COA. Through this course, participants will learn how a well-designed COA can streamline reporting, provide global visibility and improve compliance.
Course Objectives
- Explore fundamental design criteria for creating a forward-thinking COA.
- Learn how a well-designed COA streamlines reporting, provides global visibility and improves compliance.
- Understand how to leverage FMIS features like roll-ups, reporting, and mapping.
Course Content
- Designing a COA
- Harmonizing budget and accounting classifications
- Standard classification systems like the Government Finance Statistics (GFS) and Classification of the Functions of Government (COFOG)
- Configuring a COA
- Mapping and migrating a COA
Target Audience
- PFM consultants
- GRP Consultants
- Business Analysts
- Civil Servants
Dates | On Demand |
---|---|
Length | 0.5 Days |
Pace | Self Paced |
Fees | $50 (Introductory Price) |
Language | English |
Related Courses
Budget Planning
Budget Planning is a crucial phase of the Budget Cycle that seeks to balance the government’s limited resources with its competing policy priorities.
Revenue Management
This course provides a general overview of the features and benefits of using the FreeBalance Accountability Suite’s™ Revenue Management module.
Fixed Assets Management
The Fixed Assets Management module supports fixed asset accounting, depreciation, custody transactions and asset transfer management. Effective asset management provides real benefits and cost savings to public sector organizations.