FGE Course Outline

Asossa University
Faculty of Business and Economics

Department of Accounting and Finance
Course Information
Course Number
AcFn3122
Course Title
Ethiopian Government Accounting and Financial Management
Lecturer
Biniyam M.
ETCTS Credits
3
Contact Hrs per week
2
Course Objectives
& Competences to be Acquired
After successfully completing this course, the students should be able to:
• Identify the objectives of FGE accounting system
• Explain why and how the FGE accounting system uses modifies cash basis of accounting.
• Record various transactions in government budgetary institutions.
• Prepare monthly financial reports for a reporting entity
• Identify budget control mechanisms
• Identify types of ledgers maintained in FGE- system of accounting
• Define the basic concepts and terminology in government budgeting
• Describe the nature, roles and significance of government budgeting.
• Recognize basic problems in government budgeting.
• Describe the process involved in the Ethiopian budgeting system.
• Perform basic budgeting activities within Ethiopian context at any level of government;
• Value t h e i m p o r t a n c e o f b u d g e t i n g i n t h e R e g i o n a l a n d F e d e r a l Governments.
Course
Description
The course will help the students to be acquainted with the FGE Accounting concepts and practices, in doing
so they will differentiate with the expanded (improved) FGE accounting system and the previous FGE accounting
system and the need for improvements. The course will discuss in detail goals achieved by FGE accounting systems Basic
accounting concepts, over view of FGE financial administration and accounting system and budget control. It also
discusses the transaction registers for local currency and foreign currency and about general and subsidiary ledgers. It
further discusses FGE monthly reports, different transaction, letters of credit and construction projects.
It is also designed to cover areas what government budgeting is, its roles, the cycle or process of government budgeting,
the managerial apportion to and problems in government budgeting, and accounting and performance measurement. In
light of these theoretical foundations the course will also discuss the Ethiopian budgeting practices at Federal and
Regional levels.
WEEKS
Course Contents
Reading
Chapter 1. Introductions
1.1. Historical overview of Ethiopian Government Accounting System
1.2. FGE Chart of accounts
1.3. FGE Budget Process
1.4. Fundamentals of FGE program budget
1.5. Overview of IBEX and IFMIS
1.6. Budget ledger card
1.7. Basis of accounting
1.8. Legal Framework of FGE Financial Administration
Chapter 2. General and subsidiary ledgers
2.1. Description of ledger
2.2. Structure and organization of ledgers
2.3. Recording entries in the ledger.
Chapter 3. Recording common transactions of FGE
Chapter 4. Monthly Reports
4.1. Revenue / Assistance/ Report
4.2. Recurrent expenditure Report
4.3. Capital Expeditor report
4.4. Transfer Report
4.5. Payable Report
4.6. Trial Balance
Chapter 5. Financial reports and financial statements
5.1. Statement of Budgeted Revenue and Expenditure
5.2. Statement of changes in cash position
5.3. The Balance sheet
Chapter 6. FGE Financial Management
6.1. Objectives of Public Financial Management
6.2. Legal Framework of Public Financial management
6.3. Federal Audit
6.4. Issues of FGE Public Financial Management
Roles of the students

The success of this course depends on the students’ individual and collective contribution to the class discussions.
Students are expected to participate voluntarily, or will be called upon, to contribute to set exercises and
problems. Students are also expected to read the assigned readings and prepare the cases before each class so
that they could contribute effectively to class discussions. Students must attempt assignments by their own. In
addition each student should attend the class regularly. Missing the time class for more than 20% of the course
results in ‘I’ in the course.
Assessment/
Evaluation The evaluation scheme will be as follows:
Test 1 Test2 Assign1 Assign 2 Presentation Attendance Total Final Total

(10%) (10%) (10%) (10%) (10%) (10%) (60%) Exam (100%)
(40%)
Text and • Ethiopian Constitution
reference books • Federal Financial Administration Proclamation
• Federal Financial Administration Regulation
• MoFED Directives, manuals,
• Auditor General reports

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FGE Course Outline

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Asossa University

Faculty of Business and Economics

Roles of the students

Test 1 Test2 Assign1 Assign 2 Presentation Attendance Total Final Total

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