This presentation was made by Luis Moreira, Portugal, at the 19th OECD Senior Financial Management and Reporting Officials Symposium held at the OECD Conference Centre, Paris, on 4-5 March 2019
Budgetary reform in Portugal - Recent Developments - Manuela Proença, PortugalOECD Governance
Presentation made by Manuela Proença, Portugal, at the 16th Annual OECD Accruals Symposium held at the OECD Conference Centre, Paris, on 21-22 March 2016.
France: The state General Accounting Department... - Lionel Vareille, FranceOECD Governance
Presentation made by Lionel Vareille, France, at the 16th Annual OECD Accruals Symposium held at the OECD Conference Centre, Paris, on 21-22 March 2016.
Accounting Standards for Government Entities other than Government Business Enterprises (GBEs). This accounting standard is international standard for Governments, Government Autonomous bodies, Government Financial Institutions (not commercial entities). IFRS is international standard for Corporates, which is applicable to Government Business Enterprises. Different nations have adopted and adapted the IPSAS, Cash or Accrual or modified Cash IPSAS. Governments has named the standards by the name of respective Governments. The presentation covers IPSAS 1: Presentation of Financial Statement
IPSAS 2: Cash Flow Statement
IPSAS 3: Accounting Policies, Changes in Accounting Estimates & Errors
IPSAS 4: Changes in Forex Rate
IPSAS 5: Borrowing Cost
IPSAS 6: Consolidated and separate FS
IPSAS 7: Investments in Associates
IPSAS 8: Interest in Joint Venture
IPSAS 9: Revenue from Exchange Transactions
IPSAS 10: Financial Reporting in Hyperinflationary Economies
IPSAS 11: Construction Contract
IPSAS 12: Inventories
IPSAS 13: Leases
IPSAS 14: Events after the Reporting Date
IPSAS 16: Investment Property
IPSAS 17: Property, plant & Equipment
IPSAS 18: Segment Reporting
IPSAS19: Provisions Contingent Liabilities & Assets
IPSAS 20: Related Party disclosures
IPSAS 21: Impairment of Non-Cash Generating Asset
IPSAS 22: Disclosure of Financial Information About the General Government Sector
IPSAS 23: Revenue from Non-Exchange Transactions(Tax & Transfer)
IPSAS 24: Presentation of Budget information in FS
IPSAS 25: Employee Benefits
IPSAS 26: Impairment of Cash Generating Asset
IPSAS 27: Agriculture
IPSAS 28: Financial Instrument Presentation
IPSAS 29: FI: Recognition & Measurement
IPSAS 30: Financial Instrument Disclosure
IPSAS 31: Intangible Asset
IPSAS 32: Service Concession Arrangements: Grantor
Update on the EPSAS project - Alexandre Makaronidis, EUROSTATOECD Governance
Presentation made by Alexandre Makaronidis, Eurostat, at the 16th Annual OECD Accruals Symposium held at the OECD Conference Centre, Paris, on 21-22 March 2016.
Budgetary reform in Portugal - Recent Developments - Manuela Proença, PortugalOECD Governance
Presentation made by Manuela Proença, Portugal, at the 16th Annual OECD Accruals Symposium held at the OECD Conference Centre, Paris, on 21-22 March 2016.
France: The state General Accounting Department... - Lionel Vareille, FranceOECD Governance
Presentation made by Lionel Vareille, France, at the 16th Annual OECD Accruals Symposium held at the OECD Conference Centre, Paris, on 21-22 March 2016.
Accounting Standards for Government Entities other than Government Business Enterprises (GBEs). This accounting standard is international standard for Governments, Government Autonomous bodies, Government Financial Institutions (not commercial entities). IFRS is international standard for Corporates, which is applicable to Government Business Enterprises. Different nations have adopted and adapted the IPSAS, Cash or Accrual or modified Cash IPSAS. Governments has named the standards by the name of respective Governments. The presentation covers IPSAS 1: Presentation of Financial Statement
IPSAS 2: Cash Flow Statement
IPSAS 3: Accounting Policies, Changes in Accounting Estimates & Errors
IPSAS 4: Changes in Forex Rate
IPSAS 5: Borrowing Cost
IPSAS 6: Consolidated and separate FS
IPSAS 7: Investments in Associates
IPSAS 8: Interest in Joint Venture
IPSAS 9: Revenue from Exchange Transactions
IPSAS 10: Financial Reporting in Hyperinflationary Economies
IPSAS 11: Construction Contract
IPSAS 12: Inventories
IPSAS 13: Leases
IPSAS 14: Events after the Reporting Date
IPSAS 16: Investment Property
IPSAS 17: Property, plant & Equipment
IPSAS 18: Segment Reporting
IPSAS19: Provisions Contingent Liabilities & Assets
IPSAS 20: Related Party disclosures
IPSAS 21: Impairment of Non-Cash Generating Asset
IPSAS 22: Disclosure of Financial Information About the General Government Sector
IPSAS 23: Revenue from Non-Exchange Transactions(Tax & Transfer)
IPSAS 24: Presentation of Budget information in FS
IPSAS 25: Employee Benefits
IPSAS 26: Impairment of Cash Generating Asset
IPSAS 27: Agriculture
IPSAS 28: Financial Instrument Presentation
IPSAS 29: FI: Recognition & Measurement
IPSAS 30: Financial Instrument Disclosure
IPSAS 31: Intangible Asset
IPSAS 32: Service Concession Arrangements: Grantor
Update on the EPSAS project - Alexandre Makaronidis, EUROSTATOECD Governance
Presentation made by Alexandre Makaronidis, Eurostat, at the 16th Annual OECD Accruals Symposium held at the OECD Conference Centre, Paris, on 21-22 March 2016.
presentation on INTERNATIONAL PUBLIC-SECTOR ACCOUNTING STANDARDS (IPSAS)MD. Mahmudul Hasan
In the current “global revolution in government accounting,” International Public-Sector Accounting Standards (IPSAS) are proposed for adoption by governments around the world. After describing the nature of IPSAS, the paper discusses conceptual issues concerning system capability and internal accountability, conceptual framework, emulation of business standards, accrual basis of accounting and consolidated financial statements. The institutional issues regarding the representation on the IPSAS board and the sole oversight by the International Federation of Accountants (IFAC) are also analyzes. Setting standards is a first step on the long road of fundamentally reforming government accounting practices around the world.
Recent budgeting developments - Pedro Rodrigues Neves & Jonas Wong, Macau SAROECD Governance
This presentation was made by Pedro Rodrigues Neves & Jonas Wong, Macau SAR, at the 14th OECD-Asian Senior Budget Officials Meeting held in Bangkok, Thailand, on 13-14 December 2018
The Italian path towards accrual accounting - Fabrizio Mocavini, ItalyOECD Governance
Presentation made by Fabrizio Mocavini, Italy, at the 16th Annual OECD Accruals Symposium held at the OECD Conference Centre, Paris, on 21-22 March 2016.
Debt measures in Statistics and Financial Statements - Giovanna Dabbicco, ItalyOECD Governance
Presentation made by Giovanna Dabbicco, Italy, at the 16th Annual OECD Accruals Symposium held at the OECD Conference Centre, Paris, on 21-22 March 2016.
Presentation made by Ian Carruthers, IPSASB, at the 16th Annual OECD Accruals Symposium held at the OECD Conference Centre, Paris, on 21-22 March 2016.
sbo-accruals-march-2016
Belgium's Transition to Accrual Accounting - Marc De Spiegeleire, BelgiumOECD Governance
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.
When you need help for your online homework, you need professional experts and a dedicated organization to provide you with the best online assignment solutions which you can get at http://www.helpwithassignment.com/
French conceptual framework for public accounts - Jean-Paul Milot & Isabelle ...OECD Governance
This presentation was made by Jean-Paul Milot and Isabelle Collignon-Joffre, France, at the 15th Annual OECD Public Sector Accruals Symposium held in Paris on 26-27 February 2015.
Budget Profile of Portugal - Andre Marcalo, PortugalOECD Governance
This presentation was made by André Marçalo, Ministry of Finance, Portugal, at the 38th Annual Meeting of OECD Senior Budget Officials held in Lisbon, Portugal, on 1-2 June 2017
Session 2 - Sandra Cohen, University of Athens, GreeceOECD Governance
This presentation was made by Sandra Cohen, University of Athens, Greece, at the 18th Annual Meeting of OECD Senior Financial Management and Reporting Officials held at the OECD Conference Centre, Paris, on 1-2 March 2018
presentation on INTERNATIONAL PUBLIC-SECTOR ACCOUNTING STANDARDS (IPSAS)MD. Mahmudul Hasan
In the current “global revolution in government accounting,” International Public-Sector Accounting Standards (IPSAS) are proposed for adoption by governments around the world. After describing the nature of IPSAS, the paper discusses conceptual issues concerning system capability and internal accountability, conceptual framework, emulation of business standards, accrual basis of accounting and consolidated financial statements. The institutional issues regarding the representation on the IPSAS board and the sole oversight by the International Federation of Accountants (IFAC) are also analyzes. Setting standards is a first step on the long road of fundamentally reforming government accounting practices around the world.
Recent budgeting developments - Pedro Rodrigues Neves & Jonas Wong, Macau SAROECD Governance
This presentation was made by Pedro Rodrigues Neves & Jonas Wong, Macau SAR, at the 14th OECD-Asian Senior Budget Officials Meeting held in Bangkok, Thailand, on 13-14 December 2018
The Italian path towards accrual accounting - Fabrizio Mocavini, ItalyOECD Governance
Presentation made by Fabrizio Mocavini, Italy, at the 16th Annual OECD Accruals Symposium held at the OECD Conference Centre, Paris, on 21-22 March 2016.
Debt measures in Statistics and Financial Statements - Giovanna Dabbicco, ItalyOECD Governance
Presentation made by Giovanna Dabbicco, Italy, at the 16th Annual OECD Accruals Symposium held at the OECD Conference Centre, Paris, on 21-22 March 2016.
Presentation made by Ian Carruthers, IPSASB, at the 16th Annual OECD Accruals Symposium held at the OECD Conference Centre, Paris, on 21-22 March 2016.
sbo-accruals-march-2016
Belgium's Transition to Accrual Accounting - Marc De Spiegeleire, BelgiumOECD Governance
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.
When you need help for your online homework, you need professional experts and a dedicated organization to provide you with the best online assignment solutions which you can get at http://www.helpwithassignment.com/
French conceptual framework for public accounts - Jean-Paul Milot & Isabelle ...OECD Governance
This presentation was made by Jean-Paul Milot and Isabelle Collignon-Joffre, France, at the 15th Annual OECD Public Sector Accruals Symposium held in Paris on 26-27 February 2015.
Budget Profile of Portugal - Andre Marcalo, PortugalOECD Governance
This presentation was made by André Marçalo, Ministry of Finance, Portugal, at the 38th Annual Meeting of OECD Senior Budget Officials held in Lisbon, Portugal, on 1-2 June 2017
Session 2 - Sandra Cohen, University of Athens, GreeceOECD Governance
This presentation was made by Sandra Cohen, University of Athens, Greece, at the 18th Annual Meeting of OECD Senior Financial Management and Reporting Officials held at the OECD Conference Centre, Paris, on 1-2 March 2018
OECD Review of Financial reporting in Ireland - Delphine Moretti, OECD Secret...OECD Governance
This presentation was made by Delphine Moretti, OECD Secretariat, at the 19th OECD Senior Financial Management and Reporting Officials Symposium held at the OECD Conference Centre, Paris, on 4-5 March 2019
Accounting reform in the Korean government - John Kim, KoreaOECD Governance
This presentation was made by John Kim, Korea, at the 10th OECD-Asian Senior Budget Officials Annual Meeting held in Bangkok, Thailand, on 18-19 December 2014.
Report on Standard Setting Activities - Livia Shinn Strakova & Peeter Leetmaa...OECD Governance
This presentation was made by Livia Shinn Strakova & Peeter Leetmaa, EC, Eurostat, at the 19th OECD Senior Financial Management and Reporting Officials Symposium held at the OECD Conference Centre, Paris, on 4-5 March 2019
Introduction to IPSAS and conceptual frameworkFoluwa Amisu
Detailed and informative introduction to International Public Sector Accounting Standards for the preparation of general purpose financial statements by governments and other public sector entities around the world.
Presentation by Andreas Bergmann, Chair IPSASB, at an Asian Development Bank Regional Workshop on Public Sector Accounting, in Jakarta, Indonesia, September 30, 2014
The Conceptual Framework was issued by the IASB in September 2010. It superseded the Framework for the Preparation and Presentation of Financial Statements. For details visit http://www.helpwithassignment.com/
Financial and Operating Plan - A Tool for Strategic Municipal Investment and ...Ravikant Joshi
This PPT delivered in a course organised by Administrative Staff College of India - Hyderabad explains Financial and Operating Plan and how to prepare it and used it as a tool for strategic municipal investment and financial planning
Summary of the OECD expert meeting: Construction Risk Management in Infrastru...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
Using AI led assurance to deliver projects on time and on budget - D. Amratia...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm (SE)OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
Building Client Capability to Deliver Megaprojects - J. Denicol, professor at...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
Procurement strategy in major infrastructure: The AS-IS and STEPS - D. Makovš...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
Procurement of major infrastructure projects 2017-22 - B. Hasselgren, Senior ...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
ECI Dutch Experience - A. Chao, Partner, Bird&Bird & J. de Koning, Head of Co...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, StockholmOECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
EPEC's perception of market developments - E. Farquharson, Principal Adviser,...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
Geographical scope of the lines in Design and Build - B.Dupuis, Executive Dir...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
Executive Agency of the Dutch Ministry of Infrastructure and Water Management...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
Presentation of OECD Government at a Glance 2023OECD Governance
Paris, 30 June, 2023
Presentation by Elsa Pilichowski, Director for Public Governance, OECD.
The 2023 edition of Government at a Glance provides a comprehensive overview of public governance and public administration practices in OECD Member and partner countries. It includes indicators on trust in public institutions and satisfaction with public services, as well as evidence on good governance practices in areas such as the policy cycle, budgeting, procurement, infrastructure planning and delivery, regulatory governance, digital government and open government data. Finally, it provides information on what resources public institutions use and how they are managed, including public finances, public employment, and human resources management. Government at a Glance allows for cross-country comparisons and helps identify trends, best practices, and areas for improvement in the public sector.
See: https://www.oecd.org/publication/government-at-a-glance/2023/
The Protection and Promotion of Civic Space: Strengthening Alignment with Int...OECD Governance
Infographics from the OECD report "The Protection and Promotion of Civic Space Strengthening Alignment with International Standards and Guidance".
See: https://www.oecd.org/gov/the-protection-and-promotion-of-civic-space-d234e975-en.htm
OECD Publication "Building Financial Resilience
to Climate Impacts. A Framework for Governments to manage the risks of Losses and Damages.
Governments are facing significant climate-related risks from the expected increase in frequency and intensity of cyclones, floods, fires, and other climate-related extreme events. The report Building Financial Resilience to Climate Impacts: A Framework for Governments to Manage the Risks of Losses and Damages provides a strategic framework to help governments, particularly those in emerging market and developing economies, strengthen their capacity to manage the financial implications of climate-related risks. Published in December 2022.
OECD presentation "Strengthening climate and environmental considerations in infrastructure and budget appraisal tools"
by Margaux Lelong and Ana Maria Ruiz during the 9th Meeting of the OECD Paris Collaborative on Green Budgeting held on 17 and 18 of April 2023 in Paris.
OECD presentation "Building Financial Resilience to Climate Impacts. A Framework to Manage the Risks of Losses and Damages" by Andrew Blazey, Stéphane Jacobzone and Titouan Chassagne. Presented during the 9th Meeting of the OECD Paris Collaborative on Green Budgeting held on 17 and 18 of April 2023 in Paris
OECD Presentation "Financial reporting, sustainability information and assurance" by Peter Welch during the 5th Session during the 9th Meeting of the OECD Paris Collaborative on Green Budgeting held on 17 and 18 of April 2023 in Paris
Presentation "Developments in sovereign green bond markets" by Ms. Fatos Koc during the 4th Session of 9th Meeting of the OECD Paris Collaborative on Green Budgeting held on 17 and 18 of April 2023 in Paris.
Monitoring Health for the SDGs - Global Health Statistics 2024 - WHOChristina Parmionova
The 2024 World Health Statistics edition reviews more than 50 health-related indicators from the Sustainable Development Goals and WHO’s Thirteenth General Programme of Work. It also highlights the findings from the Global health estimates 2021, notably the impact of the COVID-19 pandemic on life expectancy and healthy life expectancy.
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Donate to charity during this holiday seasonSERUDS INDIA
For people who have money and are philanthropic, there are infinite opportunities to gift a needy person or child a Merry Christmas. Even if you are living on a shoestring budget, you will be surprised at how much you can do.
Donate Us
https://serudsindia.org/how-to-donate-to-charity-during-this-holiday-season/
#charityforchildren, #donateforchildren, #donateclothesforchildren, #donatebooksforchildren, #donatetoysforchildren, #sponsorforchildren, #sponsorclothesforchildren, #sponsorbooksforchildren, #sponsortoysforchildren, #seruds, #kurnool
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
Effects of Extreme Temperatures From Climate Change on the Medicare Populatio...
The Role of charts of Accounts - Luis Moreira, Portugal
1. 19th Annual Meeting of OECD Senior Financial
Management and Reporting Officials
Paris, 5 March 2019
Chart of Accounts
An Instrument to Address Different
Information Needs
Luís Moreira
UniLEO | SAE Project
Ministry of Finance of Portugal
2. 2
PFM Reform | Chart of Accounts
The need for change
The accounting standards for the public sector in Portugal was
outdated, fragmented and inconsistent
POCP
Sectorial
Standards
POCALSNC
IFRS
19th Annual Meeting of OECD Senior
Financial Management and Reporting
Officials
3. 3
PFM Reform | Chart of Accounts
The need for change
An integrated, complete and comprehensive view of the general
government's finances (consolidated financial information for forecast and
for accountability purposes), it’s not possible;
The available information is dispersed by several systems, with different
periodicity, which compromises the quality, credibility and timeliness of the
financial information supporting the decision-making process;
There is not an integrated view of the costs and the results of public policies
(essential for an effective program budgeting implementation);
19th Annual Meeting of OECD Senior
Financial Management and Reporting
Officials
4. 4
PFM Reform | Chart of Accounts
Two Pillars
1 - Budget Framework Law
approved by Law No.151/2015,
September 11
2 - Accounting standards (SNC-AP)
approved by Decree Law
No.192/2015, September 11
19th Annual Meeting of OECD Senior
Financial Management and Reporting
Officials
5. 5
Three Key Elements
1. Applying the new accounting standards (SNC-AP)
2. Filling the gaps in the accounts through the new State Accounting Entity
(SAE), such as debt, cash, fixed assets and tax revenues
3. Broadening the accounting coverage to encompass all public entities, and
consolidating them into a central government financial statement
19th Annual Meeting of OECD Senior
Financial Management and Reporting
Officials
PFM Reform | Chart of Accounts
6. 6
PFM Reform | Chart of Accounts
SNC-AP – Public accounting subsystems
19th Annual Meeting of OECD Senior
Financial Management and Reporting
Officials
Improving budget management, transparency and accountability
Control of approved
budget appropriations
Budgetary accounting
Modified cash basis on
the execution
Budgetary Statements
Transparency of
financial position and
performance, and
reliability of national
accounts
Financial accounting
Accruals basis
Financial Statements
Measurement of costs
and evaluation of the
results of public policies
Management
accounting
Accruals basis
Management Reports
7. 7
PFM Reform | Chart of Accounts
SNC-AP – Public accounting subsystems
19th Annual Meeting of OECD Senior
Financial Management and Reporting
Officials
Budgetary accounting
• Budgetary accounting
standard without IPSAS
as reference
• One class of accounts
(class 0) and budget
classifiers
• Accounting for
accounts receivables
and payables (and all
phases of revenue and
expense cycles)
Financial accounting
• The Conceptual
Framework (Aligned
with the IPSASB CF)
• 25 public accounting
standards, most of
them are based on
IPSAS
• Chart of accounts with
correspondence to
national account
classification codes
Management accounting
• Management
accountig standard
without IPSAS as
reference
• Possibility of integration
with the performance
budgeting model
(Activity Based
Costing)
8. 8
PFM Reform | Chart of Accounts
SNC-AP – Structure
19th Annual Meeting of OECD Senior
Financial Management and Reporting
Officials
SNC-AP
Annex I: Conceptual framework for financial accounting (IPSAS
based)
Annex II: Accounting standards
Annex III: Chart of Accounts Notes to the
Chart of Accounts
Ordinance n.º189/2016, from 14 July
Implementation manual
(including transition
procedures and accounting)
9. 9
PFM Reform | Chart of Accounts
Multidimensional Chart of Accounts – Scope
19th Annual Meeting of OECD Senior
Financial Management and Reporting
Officials
Legal Budgetary
Financial
Government
finance
statistics
10. 10
PFM Reform | Chart of Accounts
Multidimensional Chart of Accounts - Structure
19th Annual Meeting of OECD Senior
Financial Management and Reporting
Officials
(SNC-AP)
Public Sector
Chart of Accounts
(SNC)
Private Sector
Chart of Accounts
8 classes of accounts for financial accounting
• 1 - Cash and cash equivalents
• 2 - Receivables and payables
• 3 - Inventories and biological assets
• 4 – Investments
• 5 – Net worth, reserves and retained earnings
• 6 – Expenditure
• 7 – Income
• 8 – Net earnings (profit/loss)
11. 11
PFM Reform | Chart of Accounts
Multidimensional Chart of Accounts - Structure
19th Annual Meeting of OECD Senior
Financial Management and Reporting
Officials
SNC-AP CoA
• It covers all entities subject to the SNC-AP
• It includes accounts for specific operations of the Public Sector.
• 20 - Receivables and payables - Debtors and creditors for transfers,
subsidies and concessionary loans
• 213 – Taxpayers
• 420 - Investment properties - Public domain assets
• 430 - Fixed assets - Public domain assets, historical, artistic and cultural
heritage
• 60 - Expenditure - Transfers and subsidies granted
• 70 – Income - Taxes, contributions and fees
• (….)
What’s new?
12. 12
PFM Reform | Chart of Accounts
Multidimensional Chart of Accounts - Structure
19th Annual Meeting of OECD Senior
Financial Management and Reporting
Officials
SNC-AP CoA
• It provides specific levels of disaggregation to meet sectorial needs, ensuring
the homogeneity of the main accounts, for example:
• 72 Services and concessions
• 7201 Specific services - Health sector
• 7202 Services specific - Education sector
• 7203 Specific services - Local authorities
• (…)
• Class 0 (zero) - Enables monitoring all phases of revenue and expense cycles -
Budgetary Accounting. The Class 0 trial balance (registered using double entry)
is an important tool to support the verification of the content of the budget
statements.
What’s new?
13. 13
PFM Reform | Chart of Accounts
Multidimensional Chart of Accounts - Structure
19th Annual Meeting of OECD Senior
Financial Management and Reporting
Officials
SNC-AP CoA
• A table of correspondence between the financial codes of accounts and the
main ESA2010 accounts;
What’s new?
Chart of
Accounts
Codes
Description
ESA2010
Codes
Description
11 Cash AF.21 Currency
251 Loans AF.4 Loans
37 Biological assets AN.1221
Work-in-progress on cultivated
biological assets
4303 Infrastructures AN.112 Other buildings and structures
434 Transport equipment AN.113 Machinery and equipment
604 Capital transfers granted D.9p Capital transfers, payable
70102 Direct taxes - Corporate income tax D.51 Taxes on income
14. 14
PFM Reform | Chart of Accounts
Multidimensional Chart of Accounts
19th Annual Meeting of OECD Senior
Financial Management and Reporting
Officials
SNC-AP CoA
• The standard-setting body (CNC) is responsible for the permanent updating of
the Multidimensional Chart of Accounts (PCM), namely the creation of new
accounts, ensuring that the PCM version is updated on its website.
• Those updates made to the Multidimensional Chart of Accounts are
immediately reflected in the Central Chart of Accounts of the Ministry of Finance
(PCC-MF). The management of this plan is a responsibility of UniLEO, which
includes the disaggregation of PCM accounts.
• At the entities level, their own chart of accounts can be disaggregated
according to their specific needs, but it must be compliant with the Central
Chart of Accounts requirements.
Management responsibility