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Chapter 2
The Unified Accounts Code Structure
According to Joint Circular No. 2013-1 dated August 6, 2013, the Department of
Budget and Management (DBM), Commission on Audit (COA), Department of
Finance (DOF), and Bureau of Treasury (BTr) jointly developed the Unified
Accounts Code Structure (UACS), a iment-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, respectively,
starting Fiscal Year (FY) 2014.
On November 7, 2014, through Joint Circular No. 2014-1, the UACS per Joint
Circular No. 2013-1 dated August 6, 2013 was enhanced amending the Funding
‘Source Code and MFO/PAP Code.
Purpose of UACS
‘The Unified Accounts Code Structure (UACS) isa government-wide harmonized
budgetary, treasury, and accounting code classification that will facilitate reporting of
all financial transactions of government agencies. Its objective is to establish the
accounts and codes needed in reporting the financial transactions of the National
Government Agencies; and therefore, will be used by all departments and agencies of
the National Government and Government-Owned and/or Controlled Corporations
(GOCC) with Budgetary Support from National Government including those
maintaining Special Accounts in the General Fund. It provides a framework for
identifying, aggregating and reporting financial transactions in budget preparation,
‘execution, accounting and auditing. When this object coding is combined with budget
classification coding for funding source, organization, location and program, this
framework collectively provides the harmonized budgetary and accounting
classification codes know as UACS. Sas ML, DD
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5
The key purpose of the UACS is to enable the timely and accurate reporting of actual
revenue collections and expenditures against budgeted programmed revenues and
expenditures,
Reporting requirements that will be best served by the UACS include:
1. Financial reports as required by the DBM and COA. iw
2. Financial statements as required by the Public Sector Accounting Standards ce
Board of the Philippines. ay
3. Management reports as required by the executive officials/heads of
departments and agencies; and
4, Economic statistics consistent with the Government Finance Statistics (GFS)
Manual 2001
To facilitate the discussions of UACS, its composition, broken down in five key
elements, is presented below:
1. Funding Source (8 digits)
a. Fund Cluster (2-digit code)
b. Financing Source (1-digit code)
¢. Authorization Code (2-digit code)
. Fund Category (3-digit code)
2. Organization Code (12 digits)
‘a, Department Code (2-digit code)
b. Agency Code (3-digit code)
c, Operating Unit Classification (2-