COA Revised Chart of Accounts

for National Agencies

Legal Basis:
COA Circular No. 2013-002
Dated January 30, 2013

Effectivity:
January 01, 2014
Objectives:
 To provide new accounts for the adoption of the
Philippine Public Sector Accounting Standards
(harmonized with IPSAS)

 To provide uniform accounts for national

government accounting and budget systems to
facilitate the preparation of harmonized financial
and budgetary accountability reports

 To expand the account code from three (3) digits

in the NGAS Chart of Accounts to eight (8) digits,
to allow expansion or creation of new accounts as
may be necessary to implement new standards or
policies.
The COA Revised Chart of Accounts
is integrated in the Unified Account
Code Structure (UACS) under the
Philippine Public Financial
Management (PFM) Reform Program
jointly undertaken by DBM, DOF and
COA.
Major Changes
a. Coverage is limited only to all
national government agencies

b. Expanded account code structure -

from three (3) digits to eight (8)
digits
Account Code Structure
Account Groups:
Codes are assigned to account groups to facilitate
location of accounts in the general and subsidiary
ledgers, to provide systematic arrangement and
classification of accounts and facilitate
preparation of the consolidated financial reports
as follows:
Code Account Groups
1 Assets
2 Liabilities
3 Equity
4 Income
5 Expenses
Asset Without Contra Account
Ex. Cash, Collecting Officer
Asset Without Contra Account
Ex. Accounts Receivable
Major Changes

c. New Accounts were provided for

the implementation of the
Philippine Public Sector
Accounting Standards
New Accounts
Example
1 02 01 010 Financial Assets Held for Trading
1 02 02 011 Allowance for Impairment -
Investments in Treasury Bills -
Local
1 03 02 020 Finance Lease Receivable
1 03 02 021 Allowance for Impairment -
Finance Lease Receivables
1 05 01 020 Investment Property, Buildings
1 05 01 021 Accumulated Depreciation -
Investment Property, Buildings
1 05 01 022 Accumulated Impairment Losses -
Investment Property, Buildings
in compliance with IPSAS 28-30
in compliance with IPSAS 29 (Financial Instruments -
Recognition and Measurement)
in compliance with IPSAS 13 (Leases)
in compliance with IPSAS 13 (Leases)
in compliance with IPSAS 16 (Investment Property)
in compliance with IPSAS 16 (Investment Property)
in compliance with IPSAS 26 (Impairment of Cash
Generating Assets)
Major Changes

d. Some accounts were deleted since

these accounts are for use by local
government units or government-
owned and/or controlled corporations
while other accounts are no longer
applicable to national government
agencies.
Deleted Accounts
Example
Major Changes
e. Some accounts were either
expanded or compressed. For
instance, expense accounts for
repairs and maintenance and
depreciation of property, plant and
equipment which were previously
presented per asset account were
compressed based on the major
account classification.
Compressed Accounts
Example
Repairs and Maintenance
811 Repairs and Maintenance - Office 5 02 13 040 Repairs and Maintenance - Buildings
Buildings and Other Structures
812 Repairs and Maintenance - School
buildings
813 Repairs and Maintenance - Hospitals
and Health Centers
814 Repairs and Maintenance - Markets and
Slaughterhouses
815 Repairs and Maintenance - Other
Structures
Depreciation
911 Depreciation - Office Buildings 5 05 01 040 Depreciation - Buildings and Other
912 Depreciation - School Buildings Structures
913 Depreciation - Hospitals and Health
Centers
914 Depreciation - Markets and
Slaughterhouses
915 Depreciation - Other Structures
Expanded Account
Example

716 Subsistence, Laundry and Quarters 5 01 02 050 Subsistence Allowances

Allowances 5 01 02 060 Laundry Allowances
5 01 02 070 Quarters Allowances
 •UNIFIED ACCOUNTS CODE STRUCTURE (UACS)
FUNDING SOURCE ORGANIZATION LOCATION MFO/ OBJECT CODE
6 Digits 12 digits 9 digits PROGRAM, 10 digits
ACTIVITY
and
PROJECT
9 digits
Financing Authorization Fund Department Agency Operating Region Province City, Barangay MFO/PAP COA Sub-Object
Source 2 digits Categor 2 digits 3 digits Unit 2 digits 2 digits Municipality 3 digits Code CoA* 2 digits
1 digit y 7 digits 2 digits 9 digits Object
3 digits 8 digits

Required Required Required Required Require Optional Optional Unique for Uniform across
d each Government
Department/A
gency

* Chart of Accounts
The Unified Account Code Structure (UACS)

 Jointly developed by DBM, DOF and COA

 It is a government-wide coding framework

to provide a harmonized budgetary and
accounting code classification that will
facilitate reporting of actual revenues and
collections and expenditures compared with
programmed revenues and expenditures,
starting fiscal year 2014
 The UACS is to be adopted in identifying,
aggregating, budgeting, accounting, auditing
and reporting the financial transactions of the
government.

 Enhance the quality and timeliness of financial

data for the generation of the required reports
and analysis of the same.

 Strengthen financial controls and

accountability.
Key Elements of the UACS
 Funding Source Codes: Six (6) digit code to
reflect the Financing Source, Authorization and
Funding Category

 Organization Codes: Twelve (12) digit code to

reflect the Department, Agency and Sub-Agency
or Operating Unit/Revenue Collecting Unit
 Location Codes: Nine (9) digit code to reflect
the Region/Province/Municipality/Barangay
following the Philippine Standard Geographic
Code prescribed by the National Statistical
Coordination Board

 Major Final Output (MFO)/Program, Activity and

Project (PAP) codes: Nine (9) digit code to
reflect the MFO/PAP codes

 Object codes: Assets, Liabilities, Equity,

Revenues, and Expenses following the COA
Chart of Accounts by object and sub-objects
provided by BTr, BIR, DOF, BOC and DBM