Accounting and Budgeting with National Chart of Accounts Workshop

The training workshop will assist government agencies on accountability, responsiveness and capability of upgrading the state budget classification and chart of accounts and implementation of international public-sector accounting standards. 

The main objective of the workshop was to hear directly from actors federal, states and local government on:

• Progress recorded to date on compliance with the national chart of accounts (NCOA) and general purpose financial statements (GPFS) - IPSAS cash basis
• Existing challenges
• Outstanding issues
• Plans to complete the IPSAS compliance programme

Introduction to The National Chart Of Accounts (NCOA)

• Introduction
• National Chart of Accounts (NCOA)
• Structure of the National Chart of Accounts:
• Administrative Segment
• Economic Segment
• Functional Segment
• Programme Segment
• Fund Segment
• Geographic Code Segment
• Issues and Challenges:

Budgeting With The National Chart Of Accounts (COA)

• Introduction
• Definition
• Budget Terms
• Overview of Budgeting
• Functions of Budget Classification
• The Need for the Unified Chart of Accounts for Budgeting and Accounting System
• National Chart of Accounts Structure for Budgeting
• Steps for Budgeting with the National Chart of Accounts
• Integrating Chart of Accounts Structure for Budgeting
• Format for Annual Budgeting with Chart of Accounts
• Challenges and Issues