TEXTBOOK
The Revised Chart of Accounts encompasses the (1) Adoption of the Revised Chart of
Accounts for National Government Agencies; (2) Conversion from the Philippines Government
Chart of Accounts under the New Government Accounting System per COA Circular No. 2004-008
dated September 20, 2004 as amended, to the Revised Chart of Accounts for National
Government Agencies under COA Circular No. 2013-002 dated January 30, 2013, additional
accounts/revised description/title of accounts and relevant Accounting Policies and Guidelines in
the Implementation thereof; (3) Adoption of the Philippine Public Sector Accounting Standards
(PPSAS) and; (4) Updates on eNGAS roll out at National Government Agencies (NGAs) and Local
Government Units (LGU’s)
Reference: Punzalan, A. R., & Cardona, M. M. (2016). GOVERNMENT ACCOUNTING.
ARTICLE
THE REVISED CHART OF ACCOUNT IS BASED ON THE FOLLOWING:
COA Circular No. 2020-002- January 28, 2020
 Adoption of the Revised Chart of Accounts For Government Corporations
Consists of:
 Annex A- Coding Scheme
 Annex B- List of Updated Accounts (2019)
 Annex C- Description of Updated Accounts (2019)
Coding Scheme refers to codes assigned to account groups to facilitate location of accounts in the general
and subsidiary ledgers, to provide systematic arrangement and classification of accounts and facilitate
preparation of the consolidated financial statement.
The account code structure consists of eight (8) mandatory digits.
Reference: Government Accountants, Budget Officers, Treasurers, and Auditors’ Forum. (2021). COA
released 2019 Revised Chart of Accounts (RCA) replacing 2015 RCA. Retrieved from:
https://gabotaf.com/2020/02/07/coa-released-2019-revised-chart-of-accounts-rca-replacing-2015-rca/
WEBSITE
THE REVISED CHART OF ACCOUNT IS BASED ON THE FOLLOWING:


COA Circular No. 2013-002 – Adoption of the Revised Chart of Accounts For National
Government Agencies
COA Circular No. 2013-002 – Revised Chart of Accounts – Adoption of the Revised Chart
of Accounts for National Government Agencies -Annex

COA Circular No. 2014-003 – Conversion from the Philippine Government Chart of
Accounts under the New Government Accounting System per Commission on Audit
Circular No. 2004-008 dated September 20, 2004 as amended, to the Revised Chart of
Accounts for National Government Agencies under Commission on Audit Circular No.
2013-002 dated January 20, 2013, additional accounts/revised description/title of
accounts and relevant Accounting Policies and Guidelines in the implementation thereof
Reference: Unified Accounts Code Structure. (2014). Revised Chart of Accounts: Object Code. Retrieved
from: https://www.uacs.gov.ph/resources/uacs/object-code/chart-of-accounts