Chapter 1


Sec. 1. Basis. The Chart of Accounts as Object Code in the Unified Accounts Code Structure (UACS) is based, primarily, on the following:

a. COA Circular No. 2013-002 dated January 30, 2013 prescribing the adoption of the Revised Chart of Accounts (RCA) for National Government Agencies (NGAs) effective January 1, 2014;

b. COA Resolution No. 2014-003 dated January 24, 2014 prescribing the adoption of the Philippine Public Sector Accounting Standards (PPSAS);

c. COA Circular No. 2014-003 dated April 15, 2014 providing the implementing rules and guidelines on the Conversion from the Philippine Government Chart of Accounts under the New Government Accounting System per COA Circular No. 2004-008 dated September 20, 2004, as amended, to the Revised Chart of Accounts for NGAs;

d. COA-DBM-DOF Joint Circular No. 2013-1 dated August 6, 2013 prescribing the UACS; and

e. COA-DBM-DOF Joint Circular No. 2014-1 dated November 7, 2014 providing the enhancement of UACS prescribed under COA-DBM-DOF Joint Circular No. 2013-1.

During the initial implementation of the PPSAS and the UACS, and during the finalization of the Government Accounting Manual (GAM) for NGAs, the need to provide additional accounts for some financial transactions and to modify some existing account codes and description came about. These revisions will enable the agencies to properly recognize and present their financial transactions. This Chart of Accounts as Object Code in the UACS, Volume III of the GAM for NGAs,includes additional and modified accounts.

Sec. 2. Contents.ThisVolume consists of the following:

a. Chapter 1 - Introduction

b. Chapter 2 - List of Accounts

This contains the lists of accounts per RCA and the additional accounts prescribed under COA Circular No. 2014-003. The codes per RCA, UACS sub-codes and the combined codes or the UACS object codes were presented.

c. Chapter 3 - Description of Accounts

The descriptions of all the accounts in the list are presented, except for the sub-object codes in the UACS. These sub-object codes shall follow the description of the RCA account.