ACCTG 112: ACCOUNTING FOR GOVT.

AND NON-PROFIT ORGANIZATIONS

CHAPTER 2: REVISED CHARTS OF ACCOUNTS & UACS
Prof. Keisha M. Nguyen, CPA, MPA – DHVSU COLLEGE OF BUSINESS STUDIES
BS ACCOUNTANCY | 2nd SEMESTER A.Y. 2022-2023

CHAPTER 2: Intangible Assets 108 108

Revised Charts of Accounts & Unified Accounts Code Structure Other Assets 199 199
(UACS)
• LIABILITIES
Payables 201 201
REVISED CHARTS OF ACCOUNTS Inter-Agency Payables 202 202
Sec. 1. Basis. The Chart of Accounts as Object Code in the Unified Intra-Agency Payables 203 203
Accounts Code Structure (UACS) is based, primarily, on the Trust Liabilities 204 204
following: Deferred Credits/Unearned Revenue 205 205
Provisions 206 206
a. COA Circular No. 2013-002 dated January 30, 2013 Other Payables 299 299
prescribing the adoption of the Revised Chart of Accounts
(RCA) for National Government Agencies (NGAs) effective • NET ASSETS/EQUITY
January 1, 2014; Government Equity 301 301
b. COA Resolution No. 2014-003 dated January 24, 2014 Revaluation Surplus 302 302
Intermediate Accounts 303 303
prescribing the adoption of the Philippine Public Sector
Equity in Joint Venture 304 304
Accounting Standards (PPSAS); Unrealized Gain/Loss 305 305
c. COA Circular No. 2014-003 dated April 15, 2014 providing the
implementing rules and guidelines on the Conversion from the • REVENUE
Philippine Government Chart of Accounts under the New Tax Revenue 401 401
Government Accounting System per COA Circular No. 2004-
• SERVICE AND BUSINESS INCOME
008 dated September 20, 2004, as amended, to the Revised
Service and Business Income 402 402
Chart of Accounts for NGAs;
d. COA-DBM-DOF Joint Circular No. 2013-1 dated August 6, • SHARES, GRANTS AND DONATIONS
2013 prescribing the UACS; and Shares 404 404
e. COA-DBM-DOF Joint Circular No. 2014-1 dated November 7, Gains 405 405
2014 providing the enhancement of UACS prescribed under Other Non-Operating Income 406 406
COA-DBM-DOF Joint Circular No. 2013-1.
• EXPENSES
Personal Services 501 501
During the initial implementation of the PPSAS and the Maintenance and Other Op.Ex 502 502
UACS, and during the finalization of the Government Accounting Financial Expenses 503 503
Manual (GAM) for NGAs, the need to provide additional accounts Direct Costs 504 504
for some financial transactions and to modify some existing account Non-cash Expenses 505 505
codes and description came about. These revisions will enable the
agencies to properly recognize and present their financial Note:
transactions. This Chart of Accounts as Object Code in the UACS, In Cash, there is a person that is designated and authorized to
Volume III of the GAM for NGAs, includes additional and modified receive and collect payments, called the Collecting Officer.
accounts. At the end of the day, all the collections received by the Collecting
Officer must be remitted to the Bureau of Treasury:
Sec. 2. Contents. This Volume consists of the following: Dr. (Collecting Agency)
a. Chapter 1 – Introduction Cr. Cash Collecting Officer
b. Chapter 2 – List of Accounts
• This contains the lists of accounts per RCA and the For small expenses: Petty Cash
additional accounts prescribed under COA Circular Imprest Fund System
No. 2014-003. The codes per RCA, UACS sub-
codes and the combined codes or the UACS object In Semi-Expendables: This was created on 2016, these are not
codes were presented. subject for disposition. These are the items that does not
c. Chapter 3 – Description of Accounts qualify/categorized of depreciation as PPE because of the
threshold ceiling amount of:
The descriptions of all the accounts in the list are presented, except (a) in 2016 – 2021: Php 15, 000 and below
for the sub- object codes in the UACS. These sub-object codes shall (b) in 2022 onwards: Php 50, 000 and below
follow the description of the RCA account. The disadvantage of it for the Accountable Officer, since the
equipment is not subject for depreciation and if you happen to loss
LIST OF ACCOUNTS the property, you have to pay with the acquisition cost or
ACCOUNT TITLE RCA CODE UACS CODE replacement cost. Or you have to find the item similar with the specs
• ASSETS of the item.
Cash 101 101
Investments 102 102
Receivables 103 103
Inventories 104 104
Investment Property 105 105
Property, Land and Equipment 106 106
Biological Assets 107 107

NOTES BY MNL 1