Ethiopian Government Accounting System Pdf
What You Need to Know About the Ethiopian Government Accounting System PDF
The Ethiopian Government Accounting System (EGAS) is a set of rules, procedures, and standards that govern the financial management of public bodies in Ethiopia. EGAS aims to achieve three goals: budget control, cash control, and accountability. EGAS is based on a solid legal and regulatory framework, consisting of an extensive body of laws, rules, and regulations and supporting institutions. EGAS has been undergoing sustained reforms to strengthen the planning, budgeting, and accounting systems of public bodies.
ethiopian government accounting system pdf
Budget Control
Budget control is the ability of the accounting system to report expenditure consistent with budgetary principles and to account for commitments in the system. A commitment is an amount of budgeted funds that is reserved for a specific future expenditure. Any committed budgeted funds are no longer available for future commitments. Commitments are made against the budget when a purchase order is approved.
Cash Control
Cash control is the maintenance of the balance of cash at bank and cash in safe in a general budget. EGAS clarifies the responsibilities and duties of the cashier and the accountant for cash at bank and cash in safe. The cashier handles cash in safe, while the accountant is assigned overall responsibility for cash in safe and specific responsibility for the checkbook and cash at bank. EGAS also uses an imprest system to control cash in safe. In an imprest system, the cash in safe is replenished periodically from the bank account, and every withdrawal of cash from the safe is documented.
Accountability
Accountability is the obligation of public bodies to report on their financial performance and compliance with laws and regulations. EGAS provides a framework for accounting and reporting that ensures transparency and accuracy of financial information. EGAS also supports external scrutiny and audit by independent bodies, such as the Office of the Federal Auditor General, the Council of People's Representatives, and development partners.
How to Download and Use the Ethiopian Government Accounting System PDF
The Ethiopian Government Accounting System PDF is a document that contains detailed information on the EGAS rules, procedures, and standards. It is available for download from the website of the Ministry of Finance (MoF) . The PDF document consists of three volumes: Manual 1 covers general accounting principles and concepts; Manual 2 covers accounting procedures for revenue, expenditure, assets, liabilities, equity, and financial statements; Manual 3 covers budget execution procedures for commitments, payments, receipts, transfers, advances, imprests, bank accounts, cash in safe, petty cash, reconciliation, reporting, and closing.
To use the Ethiopian Government Accounting System PDF, you need to have a basic knowledge of accounting and public financial management. You also need to have access to a computer with a PDF reader software installed. You can use the PDF document as a reference guide or a training material for learning about EGAS. You can also print out the PDF document or save it on your device for offline use.
The Benefits and Challenges of the Ethiopian Government Accounting System PDF
The Ethiopian Government Accounting System PDF has several benefits for public bodies and stakeholders. Some of the benefits are:
It provides a comprehensive and consistent framework for financial management that enhances efficiency, effectiveness, and economy of public resources.
It improves the quality and reliability of financial information that supports decision making, planning, budgeting, monitoring, evaluation, and accountability.
It facilitates the integration and harmonization of financial systems and processes across different levels and sectors of government.
It promotes transparency and accountability of public bodies to the public, the legislature, the executive, the auditor general, and development partners.
It contributes to the improvement of public service delivery and the achievement of development goals.
However, the Ethiopian Government Accounting System PDF also faces some challenges in its implementation and use. Some of the challenges are:
It requires a high level of commitment and capacity from public bodies to adopt and comply with the EGAS rules, procedures, and standards.
It demands a significant investment in human resources development, information technology infrastructure, and change management.
It encounters some resistance and inertia from some public officials who are used to the old accounting system and practices.
It needs continuous updating and revision to reflect the changing needs and realities of public financial management.
A Comprehensive Guide to the Ethiopian Government Accounting System PDF
If you want to learn more about the Ethiopian Government Accounting System PDF, you can follow this comprehensive guide that covers all the aspects of EGAS. The guide is organized into eight sections:
Introduction: This section gives an overview of the objectives, scope, structure, and content of the EGAS PDF document.
General Accounting Principles and Concepts: This section explains the basic accounting principles and concepts that underpin EGAS, such as accrual basis of accounting, double-entry bookkeeping, chart of accounts, accounting equation, accounting cycle, etc.
Accounting Procedures: This section describes the accounting procedures for recording and reporting different types of transactions in EGAS, such as revenue, expenditure, assets, liabilities, equity, etc. It also explains how to prepare financial statements in EGAS format.
Budget Execution Procedures: This section outlines the budget execution procedures for managing and controlling budgetary resources in EGAS, such as commitments, payments, receipts, transfers, advances, imprests, bank accounts, cash in safe, petty cash, reconciliation, reporting, closing, etc.
Accounting for Special Funds: This section covers the accounting for special funds that are established for specific purposes in EGAS, such as contingency fund, sinking fund, revolving fund, trust fund, etc.
Accounting for Donor Funds: This section deals with the accounting for donor funds that are received from external sources in EGAS, such as grants, loans,
Accounting for Public Enterprises: This section discusses the accounting for public enterprises that are owned or controlled by the government in EGAS, such as state-owned enterprises, public corporations, etc.
Accounting for Local Governments: This section covers the accounting for local governments that are sub-national units of administration in EGAS, such as regions, zones, woredas, cities, towns, etc.
The guide also provides some appendices that contain useful information and resources for EGAS users, such as sample forms, templates, reports, charts, tables, etc.
What is the Ethiopian Government Accounting System?
The Ethiopian Government Accounting System is a set of rules, procedures, and standards that govern the financial management of public bodies in Ethiopia. It is also known as EGAS or FGE Accounting System. Public bodies are entities that are established by law or regulation to perform public functions and are financed wholly or partly from public funds. Examples of public bodies are ministries, agencies, commissions, authorities, councils, courts, universities, hospitals, schools, etc.
EGAS aims to achieve three goals: budget control, cash control, and accountability. Budget control is the ability of the accounting system to report expenditure consistent with budgetary principles and to account for commitments in the system. Cash control is the maintenance of the balance of cash at bank and cash in safe in a general budget. Accountability is the obligation of public bodies to report on their financial performance and compliance with laws and regulations.
EGAS is based on a solid legal and regulatory framework, consisting of an extensive body of laws, rules, and regulations and supporting institutions. Some of the key legal instruments that regulate EGAS are the Constitution of the Federal Democratic Republic of Ethiopia (FDRE), the Financial Administration Proclamation No. 648/2009, the Financial Reporting Proclamation No. 847/2014, the Public Audit Proclamation No. 669/2010, the Public Procurement and Property Administration Proclamation No. 649/2009, etc. Some of the key institutions that support EGAS are the Ministry of Finance (MoF), the Office of the Federal Auditor General (OFAG), the Council of People's Representatives (CPR), etc.
EGAS has been undergoing sustained reforms to strengthen the planning, budgeting, and accounting systems of public bodies. The reforms include the introduction of accrual basis of accounting, double-entry bookkeeping system, chart of accounts system,
How to Use the Ethiopian Government Accounting System PDF
The Ethiopian Government Accounting System PDF document is a valuable resource for anyone who is interested in or involved in the financial management of public bodies in Ethiopia. It is available for download from the website of the Ministry of Finance (MoF) . The PDF document consists of three volumes: Manual 1 covers general accounting principles and concepts; Manual 2 covers accounting procedures for revenue, expenditure, assets, liabilities, equity, and financial statements; Manual 3 covers budget execution procedures for commitments, payments, receipts, transfers, advances, imprests, bank accounts, cash in safe, petty cash, reconciliation, reporting, and closing.
To use the Ethiopian Government Accounting System PDF document effectively, you need to have a basic knowledge of accounting and public financial management. You also need to have access to a computer with a PDF reader software installed. You can use the PDF document as a reference guide or a training material for learning about EGAS. You can also print out the PDF document or save it on your device for offline use.
Some of the ways you can use the Ethiopian Government Accounting System PDF document are:
As a reference guide: You can use the PDF document to look up any information or clarification on EGAS rules, procedures, and standards. You can also use it to check the accuracy and completeness of your accounting records and reports.
As a training material: You can use the PDF document to learn about EGAS or to train others on EGAS. You can follow the structure and content of the PDF document to cover all the aspects of EGAS. You can also use the sample forms, templates, reports, charts, tables, etc. provided in the appendices as practical examples and exercises.
As a feedback tool: You can use the PDF document to provide feedback or suggestions on EGAS to the Ministry of Finance (MoF) or other stakeholders. You can also use it to report any errors or inconsistencies in the PDF document itself.
Conclusion
The Ethiopian Government Accounting System PDF document is a comprehensive and consistent framework for financial management of public bodies in Ethiopia. It provides detailed information on the EGAS rules, procedures, and standards that aim to achieve budget control, cash control, and accountability. It is based on a solid legal and regulatory framework and supports the planning, budgeting, and accounting systems of public bodies. It also facilitates the integration and harmonization of financial systems and processes across different levels and sectors of government. It has several benefits for public bodies and stakeholders, such as enhancing efficiency, effectiveness, and economy of public resources; improving the quality and reliability of financial information; promoting transparency and accountability; and contributing to the improvement of public service delivery and the achievement of development goals. However, it also faces some challenges in its implementation and use, such as requiring a high level of commitment and capacity from public bodies; demanding a significant investment in human resources development, information technology infrastructure, and change management; encountering some resistance and inertia from some public officials; and needing continuous updating and revision to reflect the changing needs and realities of public financial management. The Ethiopian Government Accounting System PDF document is available for download from the website of the Ministry of Finance (MoF) . It can be used as a reference guide or a training material for learning about EGAS. It can also be used as a feedback tool for providing feedback or suggestions on EGAS to the MoF or other stakeholders. d282676c82