Presentation made by Marc De Spiegeleire, Belgium, at the 16th Annual OECD Accruals Symposium held at the OECD Conference Centre, Paris, on 21-22 March 2016.

1. Marc De Spiegeleire
16th OECD Annual Symposium - Paris, 21-22 March 2016
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2.  Introduction
 Regulatory State of Play
 System & Accounting Design & Rollout
 Objectives
 Remaining challenges
 Lessons learned
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3. From Cash Accounting to Accrual Accounting
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4. Legal Framework Governance – Key Dates
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• 1991: Starting point of the Reform of Public Sector Accounting
• 1991 - 2003: legislative work.
• 2003: New Public Sector Accounting Law - May 22nd 2003.
• 2009: Standardized Chart of Accounts published by Royal Decree
• 2010: Creation of the Public Sector Accounting Commission (CCP).
• 2010 - xxxx: Regular updates of the Law of May 22nd 2003.
• Upcoming next: Review national Law on compliance with IPSAS or
EPSAS.

5. “Fedcom” project Governance – key dates
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• 2001 - 2007: Feasibility studies and contract negotiations
• 2007 - 2008: Blueprint & design fase
• 2009: Go-live Pilot with 4 Federal Public Services (FPS),
• 2012: Go-live of last Roll-out wave
• ≥ 2013 - 2014: Stabilization & consolidation of existing system
• ≥ 2015 - 2017: Further development & enhancements of the system
2nd BIG
Challenge

6.  Framework for accounting and financial
internal control enabling to improve:
 Transparency
 True and Fair Value
 Management information opportunities
 Harmonisation of general government accounting
standards,
 Process and quality of internal control in federal
state public entities,
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7.  Publish annual financial statements
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8.  A new ERP (Enterprise Resource Planning),
“Fedcom” (based on SAP):
 Dedicated to financial, budgetary and analytic
accounting management,
 Shared at Federal level,
 Improvement of the audit trail.
 3.500 daily users
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Constrains
Goals

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 Extended accounting system to include automated
links between:
 Accrual accounting
 Budgetary accounting
 Analytical Management accounting
A
B
C

10.  Fiscal revenues still recorded on cash basis
 Work in progress
 Achieve transition period for Fixed Assets
 Transition period ending in 2016
 Provisions (exhaustivity)
 Under review
 Move to Accrual Budgeting
 Not yet planned
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11.  Key factors to success
 Involvement from Administration and politics
 Openess for Change en process re-engineering
 Appropriate training on accounting and system usage
 Need to enforce standardized processes & best
practices acceptance
 Try to combine the move to accrual Accounting
with the move to accrual Budgeting
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