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
Purchasing Management
Purchasing encompasses all activities related to the acquisition of goods, services, and works. A good purchasing and public procurement system ensures that the needs of the end-users in organizations are met while maximizing value-for-money.
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.