By Uchechukwu Iwuchukwu/Maureen Ugwukah
As November 10 draws closer for the celebration of the International Accountants Day, professionals in the field in Anambra State has started marking the event.
The Association has also earmarked a thanksgiving mass to hold on Sunday, November 10 at St. Anthony's Parish Church, Ifite Awka by 10am.
The celebration kicked off on Wednesday November 6 at the Jerome Udoji Secretariat with a workshop tagged "Methods of Coding/Codification of MDAs in line with IPSAS and National Chart of Accounts (NCoA)".
The Permanent Secretary, Ministry of Finance, Mr. Achor Joachin Chinedum who is also the Chairman, Anambra State Accounting Staff Association (ASASA) spoke on the topic, 'Coding', saying that the subject is the process of assigning numerical codes to represent data, ideas or instructions in a format that can be easily understood and processed by computers or humans.
He highlighted the importance of International Public Sector Accounting Standard (IPSAS), explaining that it is a body responsible for the setting up of the standards of operation for public sector entities.
He said, "Chart of Accounts is a systematic listing of accounts used to classify and record financial transactions.
"The Nigeria Government adopted the Public Sector Accounting Standard set up by IPSAS and therefore developed a common Chart of Accounts for all Nigeria tiers of government, federal, state and local government areas
"Codes are designed to properly define the components and in coding these accounts, it enables for efficient financial management and report".
Climax of the occasion was the election of new executive members of the Anambra State Accounting Staff Association and the handing over ceremony to the winners.
* Iwuchukwu and Ugwukah are of the Ministry of Information, Anambra State *.
One more photo below.
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