chart of accounts - swedish central government...the collection and consolidation of financial data...
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Chart of accounts -
Swedish Central Government
EPSAS Working Group
November 19-20, 2018
Anne-Marie Ögren, Senior Advisor
The Swedish Public Sector and administration
Most
countries Sweden
Government Government
Agencies
Ministries
Organisation of Central government
Parliament The Riksdag
(Parliament)
Ministries
The people The people
Central government organisation
THE RIKSDAG
(Parliament)
GOVERNMENT
The Riksbank
(Central Bank)
The Swedish
National Audit
Office
Ministry of Finance
The National
Institute for
Economic
Research
The Swedish
National Financial
Management
Authority (ESV)
Swedish Fiscal
Policy Council
The Swedish
National Debt
Office
Statistics Sweden
10 ministries
Government
agencies
The collection and consolidation
of financial data
Separate accounting
systems at 230
government agencies
Database for
aggregated central
government financial
data
ESV’s quality
assurance &
processing
Aggregated financial
information in
different dimensions
A recommended Chart of accounts
– Agencies can use the recommended chart of accounts when they build
up their own chart of account
– It is based on the concept used by private companies
– Most of the agencies use this recommended chart of accounts but
different agencies can choose different accounts from the recommended
accounts
– Every agency´s chart of account has to be linked to mandatory reporting
codes, S-codes
A mandatory plan of reporting codes
– The plan of reporting codes are mandatory.
– The S-codes are conducted to be used for budget follow-up, reporting to
national accounts and for the annual consolidated whole of Central
government accounts.
– There are special S-codes for internal transactions within Central
government.
Plan of codes, S-codes, reporting groups
1 Assets
2 Liabilities and capital
3 Revenue
4 Employee costs
5 Cost of premises, office services, external services
6 Sales of assets, Depreciation
7 Collection of taxes, transfers
8 Change in capital
1 Assets
– Intangible fixed assets
– Tangible fixed assets
– Financial fixed assets
– Lending
– Inventories
– Receivables
– Cut-off items (deffered
charges and accrued income)
– Current investments
– Cash and bank
2 Liabilities and capital
– Capital
– Provisions for pensions
– Other provisions
– Liabilities
– Cut-off items (accrued expenses and deffered income)
3 Revenue
– Revenues from appropriations
– Income from fees
– Income from contributions
4 Employee costs
– Salaries
– Social costs
– Training costs for employees
– Other employee costs
5 Other current costs
– Cost of premises
– Cost of goods
– Cost of services
– Financial costs
6 Sales of assets, Depreciation
– Sales of assets
– Depreciations
– Impairments
7 Taxes and transfers
– Collection of taxes
– Collection of fees
– Contributions (transfers) received
– Submitted contributions (transfers)
– Financial income
8 Change in capital
– Results from participations in owned companies
– Change in capital
Consolidation
Counterparty accounting
– The agencies are obliged to register their counterpart, if it is a
government agency, in the CG accounting system
– The agencies are obliged to reconcile balances with another agency
– The reconciliation is used to eliminating internal items, e.g.
receivables/payables, contributions, revenue/expenditure
Inflow to ESV by agencies
Monthly reporting
– Use of appropriations
– Report on revenues by
revenue items
– Payments made
Quarterly reporting
– Reporting on S-codes for
financial statistics for NA
Annual reporting
– Revenue, Expenses
– Assets, Liabilities, Capital
(Net Worth)
– Annual Report for the
Agency
Outflow from ESV
Monthly reporting
– The Central Government
Budget
– Cash flow
Quarterly reporting
– Financial statistics for NA
– Budget Forecasts
- Outcome of Appropriations
Annual reporting
– Consolidated Annual
Report for CG
– Other statistics
Consolidated Whole of Central
government accounts
– Income statement
– Balance sheet
– Statement of cash flows
– Disclosures
– The Government budget
and government budget outcome
– National declaration together with
contributions to and reflows from the EU
