Chapter 3 - Unified Account Code Structure

Question 1

The key elements of a unified account code structures are as follows

Answer 1

Funding source code 
organization code 
location code 
major final output, program activity project code 
object code

Question 2

Reporting requirements that will be best served by the UACS include:

Answer 2

1. Financial reports are required by the DBM and COA
2. Financial statements as required by the public sector accounting standards Board of the Philippines
3. Management reports as required by the executive officials/heads of departments and agencies
4. Economic statistics consistent with the government finance statistics (GFS) manual

Question 3

Government wide wide wide coding framework, to provide a harmonize budgetary and accounting code classification that will facilitate efficient and accurate financial reporting of actual revenue collections and expenditures.

Answer 3

unified account code structures