TCOP thematic group on public sector accounting and reporting met through the videoconference (VC) on September 25, 2019 (i) to update the participants on the progress achieved in developing the paper on optimizing the chart of accounts (CoA) design (the new TCOP knowledge product) and to discuss the next steps to advance it; and (ii) to contribute to preparations for the October 23-25, 2019 face-to-face meeting of the thematic group in Moscow (Russian Federation). The meeting was attended by 31 participants from 8 countries.
The objectives of the videoconference were: to update the participants on the progress achieved in developing the paper on optimizing the chart of accounts (CoA) design (the new TCOP knowledge product) and to discuss the next steps to advance it; and to contribute to preparations for the October 23-25, 2019 face-to-face meeting of the thematic group in Moscow (Russian Federation).
The main results included the discussion of the next version of the knowledge product and the shared understanding of the challenges of integration of the cash-based budgeting and accrual-based reporting. It was agreed to continue this discussion during the forthcoming meeting of the group in Moscow. During the videoconference the participants provided their comments on the draft meeting agenda and suggested specific questions to be addressed by the Russian hosts when presenting the new model of public accounting and reporting at the federal level. Volunteers were also identified to present during the news session on public sector accounting and financial reporting in the member countries.
