Manuals of Government Accounting in the

Philippines
Old Government Accounting System
(Government Accounting and Auditing
Manual, as per COA Circular No. 91-368,
dated December 19, 1991

Manual accounting system, complex and

is far different from commercial
accounting; not in conformity with the
international standards in accounting

New Government Accounting System, as

per COA Circular 2001-004 (NGAs) and
2001-005 (LGUs), date October 30, 2001

Accounts are changed, similar in

commercial accounting and enables to
produce relevant financial information to
monitor performance effectively.
Authorizing the use of the old accounting
forms/reports/records being revised
under COA Circular Nos. 2001-004 and
005 both dated October, 30, 2001 until
consumed but not later than June 30,
2002
NGAS MANUAL
The NGAS Manual includes:
- Volume I Accounting Policies
- Volume II Accounting Books,
Records, Forms and Reports
Volume III Chart of Accounts
Revised Chart of Accounts Under NGAS:
Part of the continuing effort to simplify
government accounting and implement
computerized NGAS.
Prescribing the Chart of Accounts under
NGAS for Government-Owned and
Controlled Corporations.
Updating the description of accounts
presented in Volume III of the NGAS
Manuals for NGAs and LGUs
Revocation of COA Circular 2004-008.
Adoption of the Revised Chart of
Accounts for NGAs using the Philippine
Public Sector Accounting Standards
(PPSAS) in harmony with the
International Public Sector Accounting
Standards (IPSAS), to enhance the
accountability and transparency of the
reports and ensure comparability of
financial information.
Account code structure consists of 8
mandatory digits.
Example: Cash-Collecting Officer
COA Circular 2004-008 - Code :
102
COA Circular 2013-002 - Code: 1
01 01 010
Unified Accouns Code Structure (UACS)a government-wide coding framework, to
provide a harmonized budgetary and
accounting code classification that will
facilitate the efficient and accurate
financial reporting of actual revenue
collections and expenditures compared
with programmed revenues and
expenditures, starting 2014
Conversion from Philippine Government
Chart of Accounts under NGAS per COA
Circular 2004-008 dated September 20,
2004, as amended, to the Revised Chart
of Accounts for NGAs under COA Circular
2013-002 dated January 30, 2013,
additional accounts/revised
description/title of accounts and relevant
accounting policies and guidelines in the

COA Circular 2002-001, dated February

7, 2002

COA Circular 2002-002 (NGAs) and 2002003 (LGUs) dated June 18, 2002 and June
20, 2002, respectively

COA Circular 2003-001, dated June 17,

2003
COA Circular 2004-002, dated April 29,
2004
COA Circular 2004-008, dated
September 30, 2004
COA Circular 2013-002, dated January
30, 2013

Unified Accounts Code Structure (UACS)

as per Joint Circular No. 2013-1 (COADBM-DoF-BTr), dated August 6, 2013

COA Circular 2013-003, dated April 15,

2014

AGAlagar

COA Circular 2015-002, dated March 9,

2015

implementation thereof.
Supplementary guidelines in the
preparation of financial statements and
other financial reports, the transitional
provisions on the implementation of
PPSAS.

AGAlagar