Standard Chart of Accounts

AKA: Reference CoA.
Example(s):
- a Standard Government Chart of Accounts, such as Pennsylvania's reference CoA.
- a Standard NGO Chart of Accounts.
- a Standard For-Profit Chart of Accounts.
- …
Counter-Example(s):
- a Custom Chart of Accounts.
See: Finance Glossary.

References

(PA DCED, 2014) ⇒ PA DCED. (2014). “DCED Chart of Accounts for Municipalities, 5th edition.” In: Pennsylvania Department of Community and Economic Development (DCED) Library.
- QUOTE: This publication contains the recommended Chart of Accounts to be used in the fiscal administration of Pennsylvania municipalities. ... The Department of Community and Economic Development Chart of Accounts is a numerical system for classifying financial transactions.

(Jaruga & Szychta, 1997) ⇒ Alicja A. Jaruga, and Anna Szychta. (1997). “The Origin and Evolution of Charts of Accounts in Poland." European Accounting Review, 6(3). doi:10.1080/713764733
- ABSTRACT: Charts of accounts have played a vital role in the development of accountancy in Poland since the Second World War. In the period of the centrally-run economy the accounting of enterprises was based on uniform requirements. They included, among other things, the obligation to conduct accounting according to uniform or standard charts of accounts, which were frequently changed or modified temporarily. The radical political and economic transition in Poland after 1990 brought about changes to legal rules regulating accountancy. The changes aimed to reduce their number and complexity. Under the new legislation, business entities (apart from those in the budgetary sector and banks) develop individually their own plans of accounts which are best suited to financial reporting and management accounting purposes. This paper aims to give a synthetic presentation of the causes and effects of successive reforms of Polish plans of accounts as well as current practice concerning individual enterprise accounting plans.