THE REVISED CHART

OF
ACCOUNTS
PETERSON Y. MANALAC, CPA
BASIS
A. COA Circular No. 2013-002 dated January 30, 2013 prescribing the adoption of the RCA for National Government
Agencies (NGAs) effective January 1, 2014;
B. Commission On Audit (COA) Department of Budget and Management (DBM) Department Of Finance (DOF) Joint
Circular No. 2013-1 dated August 6, 2013 prescribing the UACS, as amended/updated;
C. COA Resolution No. 2014-003 dated January 24, 2014 prescribing the adoption of 25 Philippine Public Sector
Accounting Standards (PPSAS);
D. 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 prescribed
through COA Circular No. 2004-008 dated September 20, 2004, as amended, to the RCA for NGAs;
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;
F. COA Circular No. 2015-007 dated October 22, 2015 prescribing the Government Accounting Manual (GAM) for
NGAs; and
G. COA Resolution No. 2017-006 dated April 26, 2017 prescribing the adoption of additional six (6) PPSAS and updates
on the PPSAS prescribed through COA Resolution No. 2014-003 dated January 24, 2014 in accordance with the
2016 Edition of the Handbook of International Public Sector Accounting Pronouncements (HIPSAP) published by the
International Federation of Accountants (IFAC). 2
UACS object coding scheme

• UACS Object Code has ten (10) digits

• 8 digits RCA codes
• 2 digits UACS Subject Code

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UACS object coding scheme
a. Codes are assigned to account groups to facilitate location of accounts in the general and
subsidiary ledgers, provide systematic arrangement and classification of accounts, and
facilitate preparation of consolidated financial statements/reports.
b. The UACS Object Code structure consists of ten (10) mandatory digits as follows :

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b.1. Account Group represents the accounts classification as to assets, liabilities, equity, revenue/income, and
expenses, as follows:
Code Account Group
1 Assets
2 Liabilities
3 Equity
4 Revenue/Income
5 Expenses
b. 2 Major Account Group classifies the account within an account group, e.g. for asset major accounts: cash and
cash equivalents, investments, receivables, inventories, investment property, etc.

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b.3. Sub-Major Account Group further classifies the account within the major account group,
e.g. for cash and cash equivalents: Cash on Hand, Cash in Bank-Local Currency, Cash in
Bank-Foreign Currency, etc.
b.4. General Ledger (GL) account represents the account to be presented in the detailed
financial statements, e.g. Cash-Collecting Officers, Petty Cash, etc. This is composed of
two (2) segments.
• The first two digits from left is the GL account code and
• the last digit is reserved to indicate whether it is a contra account, e.g. Allowance
for Impairment, Accumulated Depreciation, etc.
b.5 UACS Sub-Object Code represents disaggregation of selected assets, liabilities,
revenue/income, and expenses.

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b.6. Coding of assets without or with contra accounts shall be as follows:

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b.6. Coding of assets without or with contra accounts shall be as follows:

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b.6. Coding of assets without or with contra accounts shall be as follows:

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New UACS Code due to COA Circular No. 2020-
003 dtd January 28, 2020

c. The UACS Object Codes for Capital Outlay expenditures are classified in
the UACS Manual as expenses (5060000000). However, these accounts
are used for budget purposes only.
d. For budget purposes, the UACS Object Code for expenses (starting with
code ‘5000000000’) shall be used instead of the UACS Object Code for
assets (starting with code ‘1000000000’).

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RESPONSIBILITY FOR UPDATING THE UACS
CODE

• The first eight digits of the UACS Object Code are drawn from the
Chart of Accounts prescribed by the COA.
• The last two digits (referred to as UACS sub-object codes) are prescribed
by the UACS Committee, composed of representatives from the DBM,
DOF and COA.
• Codes which are not included in the RCA and UACS Manual may be
created by the COA and UACS Committee as the case may be upon
written request of agencies concerned.

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RESPONSIBILITY FOR UPDATING THE UACS
CODE

• The responsibility for disaggregation and sub-coding of the following

accounts are shown below:

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ASSETS: Major Account and Sub-Major Account
Groups

• Cash and Cash Equivalents 01 • Receivables 03

• Cash on Hand • Loans and Receivable Accounts
• Cash in Bank Local Currency • Lease Receivable
• Cash in Bank Foreign Currency • Inter-Agency Receivables
• Treasury/Agency Cash Accounts • Intra-Agency Receivables
• Cash Equivalents • Other Receivables
• Investments 02 • Inventories 04
• Financial Assets at Fair Value Through Surplus or Deficit • Inventory Held for Sale
• Financial Assets-Held to Maturity • Inventory Held for Distribution
• Financial Assets-Others • Inventory Held for Manufacturing
• Investments in Government-Owned or Controlled • Inventory Held for Consumption
Corporations • Semi-Expendable Machinery and Equipment
• Investments in Joint Ventures • Semi-Expendable Furniture, Fixtures and Books
• Sinking Fund
• Investments in Time Deposits

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ASSETS: Major Account and Sub-Major Account
Groups
• Investment Property 05 • Biological Assets 07
• Land and Buildings • Bearer Biological Assets
• Construction in Progress • Consumable Biological Assets
• Property, Plant and Equipment 06
• Land • Intangible Assets 08
• Land Improvements • Intangible Assets
• Infrastructure Assets • Service Concession-Intangible Assets
• Buildings and Other Structures • Development in Progress
• Machinery and Equipment
• Transportation Equipment
• Furniture, Fixtures and Books • Other Assets 99
• Leased Assets • Advances
• Leased Assets Improvements • Prepayments
• Heritage Assets • Deposits
• Service Concession Tangible Assets • Deferred Charges
• Investments in Time Deposits • Other Assets
• Bearer Trees, Plants and Crops 14
• Construction in Progress
• Other Property, Plant and Equipment
LIABILITIES: Major Account and Sub-Major
Account Groups
• Financial Liabilities 01 • Deferred Credits/Unearned
• Payables Revenue 05
• Bills/Bonds/Loan Payables • Deferred Credits
• Tax Refunds Payable • Unearned Revenue
• Inter-Agency Payable 02 • Provisions 06
• Inter-Agency Payables • Provisions
• Intra-Agency Payable 03 • Other Payables 99
• Intra-Agency Payables • Other Payables
• Trust Liabilities 04
• Trust Liabilities

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NET ASSETS/EQUITY: Major Account and Sub-
Major Account Groups
• Government Equity 01
• Government Equity
• Intermediate Accounts 03
• Intermediate Account
• Unrealized Gain/Loss 05
• Unrealized Gain/Loss

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REVENUE/INCOME: Major Account and Sub-
Major Account Groups

• Tax Revenue 01 • Share, Grants and Donations 04

• Tax Revenue-Individual and Corporation • Shares, Grants and Donations
• Tax Revenue-Property • Gains 05
• Tax Revenue-Goods and Services • Gains
• Tax Revenue-Others
• Non-Operating Income 06
• Service and Business Income 02
• Sale of Asset
• Service Income
• Reversal of Impairment Loss
• Business Income
• Miscellaneous Income
• Assistance/Subsidy from 03
• Assistance/Subsidy From

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 EXPENSES: Major Account and Sub-Major
Account Groups

• Personnel Services 01 • Demolition/Relocation and Desilting/Drilling/Dredging

Expenses
• Salaries and Wages • Generation, Transmission and Distribution Expenses
• Other Compensation • Confidential, Intelligence and Extraordinary
• Personnel Benefit Contributions Expenses
• Other Personnel Benefits • Professional Services
• Maintenance and Other Operating Expenses • General Services
02 • Repairs and Maintenance
• Traveling Expenses • Assistance/Subsidy to
• Training and Scholarship Expenses • Taxes, Insurance Premiums and Other Fees
• Supplies and Materials Expenses • Labor and Wages
• Utility Expenses • Other Maintenance and Operating Expenses
• Communications Expenses
• Awards/Rewards, Prizes and Indemnities
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• Survey, Research, Exploration and Development
Expenses
 EXPENSES: Major Account and Sub-Major
Account Groups

• Financial Expenses 03 • Capital Outlays (Budgetary

• Financial Expenses Accounts) 06
• Direct Cost 04 • Investment Outlay
• Cost of Goods Manufactured • Loans Outlay
• Cost of Sales
• Investment Property Outlay
• Non-Cash Expenses 05 • PPE Outlay
• Depreciation • Biological Asset Outlay
• Amortization • Intangible Asset Outlay
• Impairment Loss
• Losses
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ACTIVITY

• Identify the Account Group, Major Account Group, and Sub-Major Account Group of the following
Account Titles:
1. Treasury Bills
2. Due to BIR
3. Office Equipment
4. Salaries and Wages-Regular
5. Accumulated Depreciation-Furniture and Fixtures

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