FreeBalance Chart of Accounts

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 PFM modernization and digitalization.

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