Budgetary Accounting for the Public Sector

Basic knowledge in accounting and economics

Expository method, using theoretical presentations of the syllabus, combined with the application of practical cases prepared in accordance with the objectives of the course unit.

The main objective of this course unitis to understand, apprehend and apply, on the part of the student body, the budgetary accounting system of public sector.

In this perspective, the present curricular unit has as specific objectives:

• Provide a solid training in public accounting, namely regarding budgetary accounting;
• Identify the accounting standardization process pursued in the Portuguese public sector;
• Study and analyze NCP 26 – Contabilidade e Relato Orçamental;
• Assimilate the different concepts related to the preparation and approval of the State Budget;
• Know the budget execution process, mainly regarding the budget execution phases of revenue and expenditure;
• Apprehend the accounting entries related to the closing of the budget cycle.

In terms of skills and knowledge acquired, at the end of the semester students should be able to:

• Understand the general concepts and specific accounting designations of budgetary accounting;
• Interpret and apply the Sistema de Normalização Contabilística das Administração Públicas, namely with regard to budgetary accounting;
• Identify the main aspects of the Budget preparation process and budget changes;
• Carry out the accounting record of budgetary operations, both in terms of revenue and expenditure.

I – Fundamental notions in the sphere of the State Budget

Budgetary concepts

The budget cycle

Public revenue and expenditure

Budget Classifiers

The importance of budget policy

LEO (Lei de Enquadramento Orçamental)

II – Standardization of Public Accounting in Portugal

Reform of the State’s Financial Administration (RAFE)

POCP and Sectorial Plans

The SNC-AP

III – Budgetary Accounting

Framework of NCP 26 (Norma de Contabilidade e Relato Orçamental)

Recognition of the initial budget (revenue and expenditure)

Budgetary changes and modifications (revenue and expenditure)

Budgetary execution of expenditure

Budgetary execution of revenue

Operations with a bearing on future periods

Treasury operations

Restitutions

IV – LCPA (Lei dos Compromissos e dos Pagamentos em Atraso)

V – The end of the budget cycle

NAO

Fundamental Bibliography

Carvalho, João Carvalho et al. (2017). Contabilidade Orçamental Pública de acordo com o SNC-AP. Áreas Editora.

Custódio, Célia; Viana, Carla (2019). SNC-AP Sistema de Normalização Contabilística para as Administrações Públicas – Visão prática do SNC-AP. Almedina.

Liberato, Nunes, Alberto Velez et al. (2019). O Sistema de Normalização Contabilística: Administrações Contabilísticas: Teoria e Prática, 2.ª edição. Almedina.

Rodrigues, Ana Maria (2017). SNC-AP: Sistema de Normalização Contabilística Administrações Públicas. Almedina.

Complementary Bibliography

Manual de implementação do SNC-AP, versão 2 – Junho 2017 (online).

Pereira, Paulo Trigo et al. (2016). Economia e Finanças Públicas, 5.ª Edição Escolar Editora.

Pinto, Ana Calado et al. (2013). Gestão Orçamental & Contabilidade Pública. ATF Edições.

Ribeiro, Pedro Soutelinho Correia (2016). SNC-AP Sistema de Normalização Contabilística para as Administrações Públicas. Vida Económica.