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

Fixed Assets Management

Fixed Assets Management

Overview 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. Given the importance of assets, it is vital that civil servants have asset management competency. The Fixed Assets Management course will give participants the knowledge … Continued

Contract Management

Contract Management

Overview The FreeBalance Contract Management module is a comprehensive solution designed to streamline and optimize contract management processes in various public sector organizations. This course provides participants with the necessary skills and knowledge to effectively utilize the Contract Management module and gain expertise in managing contracts efficiently. Participants will learn to create, track, and control … Continued

Budgeting and Appropriations

Budgeting and Appropriations

Executing a fiscal budget is a crucial responsibility of any government. To ensure that spending stays within the approved limits, various budget controls are put in place during the budget execution phase. The Budgeting and Appropriations course trains government officials in these vital expenditure controls.

Contact