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Date: 2024-02-24 Page is: DBtxt001.php txt00000604

Thosands of Issues
Account codes

Account codes are the foundation for easy powerful analysis. They should be absolutely logical and reflect sound accounting principles.

Commentary

Peter Burgess

From THOUSANDS OF ISSUES THAT IMPACT RELIEF AND DEVELOPMENT
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Account codes
Basic observation
Account codes are the foundation for easy powerful analysis. They should be absolutely logical and reflect sound accounting principles.
Prevailing response
Accounts codes are not on the leadership agenda anywhere, even though they are critical to building powerful and easy analysis capability. The IMF work in this area is academic more than it is practical and not easy to use..
A better response
Increasingly a standard set of analytical codes should be used for accounting and socio-economic development analysis. The development of standards should be an organic process and the result absolutely logical.


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