Editing Chart of accounts (section)

== Example Chart of Accounts ==

=== Sample Chart of Accounts ===

A chart of accounts compatible with [[IFRS]] and [[US GAAP]] includes balance sheet (assets, liabilities and equity) and the profit and loss (revenue, expenses, gains and losses) classifications. If used by a consolidated or combined entity, it also includes separate classifications for intercompany transactions and balances.

Account Number—Account Title<ref>{{Cite web|url=https://www.ifrs-gaap.com/chart-accounts|title = Chart of Accounts &#124; IFRS and US GAAP}}</ref>—Balance: Debit (Dr) / Credit (Cr)

'''1.0.0	Assets	(Dr)'''

* 1.1.0	Cash And Financial Assets	(Dr)
** 1.1.1	Cash and Cash Equivalents	(Dr)
** 1.1.2	Financial Assets (Investments)	(Dr)
** 1.1.3	Restricted Cash and Financial Assets	(Dr)
** 1.1.4	Additional Financial Assets and Investments	(Dr)
* 1.2.0	Receivables And Contracts	(Dr)
** 1.2.1	Accounts, Notes And Loans Receivable	(Dr)
** 1.2.2	Contracts	(Dr)
** 1.2.3	Nontrade And Other Receivables	(Dr)
* 1.3.0	Inventory	(Dr)
** 1.3.1	Merchandise	(Dr)
** 1.3.2	Raw Material, Parts And Supplies	(Dr)
** 1.3.3	Work In Process	(Dr)
** 1.3.4	Finished Goods	(Dr)
** 1.3.5	Other Inventory	(Dr)
* 1.4.0	Accruals And Additional Assets	(Dr)
** 1.4.1	Prepaid Expense	(Dr)
** 1.4.2	Accrued Income	(Dr)
** 1.4.3	Additional Assets	(Dr)
* 1.5.0	Property, Plant And Equipment	(Dr)
** 1.5.1	Land And Land Improvements	(Dr)
** 1.5.2	Buildings, Structures And Improvements	(Dr)
** 1.5.3	Machinery And Equipment	(Dr)
** 1.5.4	Furniture And Fixtures	(Dr)
** 1.5.5	Right Of Use Assets (Classified As PP&E)	(Dr)
** 1.5.6	Other Property, Plant And Equipment	(Dr)
** 1.5.7	Construction In Progress	(Dr)
* 1.6.0	Property, Plant And Equipment Accumulated Depreciation And Depletion	(Cr)
** 1.6.1	Accumulated Depletion	(Cr)
** 1.6.2	Accumulated Depreciation	(Cr)
* 1.7.0	Intangible Assets (Excluding Goodwill)	(Dr)
** 1.7.1	Intellectual Property	(Dr)
** 1.7.2	Computer Software	(Dr)
** 1.7.3	Trade And Distribution Assets	(Dr)
** 1.7.4	Contracts And Rights	(Dr)
** 1.7.5	Right Of Use Assets	(Dr)
** 1.7.6	Crypto Assets	(Dr)
** 1.7.7	Other Intangible Assets	(Dr)
** 1.7.8	Acquisition In Progress	(Dr)
* 1.8.0	Intangible Assets Accumulated Amortization	(Cr)
* 1.9.0	Goodwill	(Dr)

'''2.0.0	Liabilities	(Cr)'''

* 2.1.0	Payables	(Cr)
** 2.1.1	Trade Payables	(Cr)
** 2.1.2	Dividends Payable	(Cr)
** 2.1.3	Interest Payable	(Cr)
** 2.1.4	Other Payables	(Cr)
* 2.2.0	Accruals And Other Liabilities	(Cr)
** 2.2.1	Accrued Expenses (Including Payroll)	(Cr)
** 2.2.2	Deferred Income (Unearned Revenue) 	(Cr)
** 2.2.3	Accrued Taxes (Other Than Payroll)	(Cr)
** 2.2.4	Other (Non-Financial) Liabilities	(Cr)
* 2.3.0	Financial Liabilities	(Cr)
** 2.3.1	Notes Payable	(Cr)
** 2.3.2	Loans Payable	(Cr)
** 2.3.3	Bonds (Debentures)	(Cr)
** 2.3.4	Other Debts And Borrowings	(Cr)
** 2.3.5	Lease Obligations	(Cr)
** 2.3.6	Derivative Financial Liabilities	(Cr)
** 2.3.7	Other Financial Liabilities	(Cr)
* 2.4.0	Provisions (Contingencies)	(Cr)
** 2.4.1	Customer Related Provisions	(Cr)
** 2.4.2	Ligation And Regulatory Provisions	(Cr)
** 2.4.3	Other Provisions	(Cr)

'''3.0.0	Equity	(Cr)'''

* 3.1.0	Owners Equity (Attributable To Owners Of Parent)	(Cr)
** 3.1.1	Equity At par (Issued Capital)	(Cr)
** 3.1.2	Additional Paid-in Capital	(Cr)
* 3.2.0	Retained Earnings	(Dr / Cr)
** 3.2.1	Appropriated	(Cr)
** 3.2.2	Unappropriated	(Cr)
** 3.2.3	Deficit 	(Dr)
** 3.2.4	In Suspense	Zero
* 3.3.0	Accumulated OCI 	(Dr / Cr)
** 3.3.1	Exchange Differences On Translation	(Dr / Cr)
** 3.3.2	Cash Flow Hedges	(Dr / Cr)
** 3.3.3	Gains And Losses On Remeasuring Available-For-Sale Investments	(Dr / Cr)
** 3.3.4	Remeasurements Of Defined Benefit Plans	(Dr / Cr)
** 3.3.5	Revaluation Surplus (IFRS only)	(Cr)
* 3.4.0	Other Equity Items	(Dr / Cr)
** 3.4.1	ESOP Related Items	(Dr / Cr)
** 3.4.2	Subscribed Stock Receivables 	(Dr)
** 3.4.3	Treasury Stock (Not Extinguished)	(Dr)
** 3.4.4	Miscellaneous Equity	(Cr)
* 3.5.0	Noncontrolling (Minority) Interest	(Cr)

'''4.0.0	Revenue	(Cr)'''

* 4.1.0	Recognized Point Of Time	(Cr)
** 4.1.1	Goods	(Cr)
** 4.1.2	Services	(Cr)
* 4.2.0	Recognized Over Time	(Cr)
** 4.2.1	Products	(Cr)
** 4.2.2	Services	(Cr)
* 4.3.0	Adjustments	(Dr)
** 4.3.1	Variable Consideration	(Dr)
** 4.3.2	Consideration Paid (Payable) To Customers	(Dr)
** 4.3.3	Other Adjustments	(Dr)

'''5.0.0	Expenses	(Dr)'''

* 5.1.0	Expenses Classified By Nature	(Dr)
** 5.1.1	Merchandise, Material, Parts And Supplies	(Dr)
** 5.1.2	Employee Benefits	(Dr)
** 5.1.3	Services	(Dr)
** 5.1.4	Rent, Depreciation, Amortization And Depletion	(Dr)
** 5.1.5	Increase (Decrease) In Inventories Of Finished Goods And Work In Progress	(Dr / Cr)
** 5.1.6	Other Work Performed By Entity And Capitalized	(Cr)
* 5.2.0	Expenses Classified By Function	(Dr)
** 5.2.1	Cost Of Sales	(Dr)
** 5.2.2	Selling, General And Administrative 	(Dr)
** 5.2.3	Credit Loss (Reversal) On Receivables	(Dr / Cr)

'''6.0.0	Other (Non-Operating) Income And Expenses	(Dr / Cr)'''

* 6.1.0	Other Revenue And Expenses	(Dr / Cr)
** 6.1.1	Other Revenue	(Cr)
** 6.1.2	Other Expenses	(Dr)
* 6.2.0	Gains And Losses	(Dr / Cr)
** 6.2.1	Foreign Currency Transaction Gain (Loss)	(Dr / Cr)
** 6.2.2	Gain (Loss) On Investments	(Dr / Cr)
** 6.2.3	Gain (Loss) On Derivatives	(Dr / Cr)
** 6.2.4	Crypto Asset Gain (Loss)	(Dr / Cr)
** 6.2.5	Gain (Loss) On Disposal Of Assets	(Dr / Cr)
** 6.2.6	Debt Related Gain (Loss)	(Dr / Cr)
** 6.2.7	Impairment Loss	(Dr)
** 6.2.8	Other Gains And Losses	(Dr / Cr)
* 6.3.0	Taxes (Other Than Income And Payroll) And Fees	(Dr)
** 6.3.1	Real Estate Taxes And Insurance	(Dr)
** 6.3.2	Highway (Road) Taxes And Tolls	(Dr)
** 6.3.3	Direct Tax And License Fees	(Dr)
** 6.3.4	Excise And Sales Taxes	(Dr)
** 6.3.5	Customs Fees And Duties (Not Classified As Sales Or Excise)	(Dr)
** 6.3.6	Non-Deductible VAT (GST)	(Dr)
** 6.3.7	General Insurance Expense	(Dr)
** 6.3.8	Administrative Fees (Revenue Stamps)	(Dr)
** 6.3.9	Fines And Penalties	(Dr)
** 6.3.10	Miscellaneous Taxes	(Dr)
** 6.3.11	Other Taxes And Fees	(Dr)
* 6.4.0	Income Tax Expense (Benefit)	(Dr / Cr)

'''7.0.0	Intercompany And Related Party Accounts	(Dr / Cr)'''

* 7.1.0	Intercompany And Related Party Assets	(Dr)
** 7.1.1	Intercompany Balances (Eliminated In Consolidation)	(Dr)
** 7.1.2	Related Party Balances (Reported Or Disclosed)	(Dr)
** 7.1.3	Intercompany Investments	(Dr)
* 7.2.0	Intercompany And Related Party Liabilities	(Cr)
** 7.2.1	Intercompany Balances (Eliminated In Consolidation)	(Cr)
** 7.2.2	Related Party Balances (Reported Or Disclosed)	(Cr)
* 7.3.0	Intercompany And Related Party Income And Expense	(Dr / Cr)
** 7.3.1	Intercompany And Related Party Income	(Cr)
** 7.3.2	Intercompany And Related Party Expenses	(Dr)
** 7.3.3	Income (Loss) From Equity Method Investments	(Dr)

=== French GAAP Chart of Accounts Layout ===
The [[French generally accepted accounting principles]] chart of accounts layout is used in [[France]], [[Belgium]], [[Spain]] and many [[francophone]] countries. The use of the French GAAP chart of accounts layout (but not the detailed accounts) is stated in French law.

In France, [[Liability (financial accounting)|liabilities]] and [[Equity (finance)|equity]] are seen as negative [[asset]]s and not account types in themselves, just balance accounts.

==== Profit and Loss Accounts ====

* Class 6 Costs Accounts
* Class 7 Revenues Accounts

==== Special Accounts ====

* Class 8 Special Accounts

=== Spanish GAAP Chart of Accounts Layout ===
The Spanish generally accepted accounting principles chart of accounts layout is used in [[Spain]]. It is very similar to the French layout.

* Class 3 Stocks Accounts
* Class 4 Third-Party Accounts
* Class 5 Bank & Cash

==== Profit and Loss Accounts ====

* Class 6 Costs Accounts
* Class 7 Revenues Accounts

==== Special Accounts ====

* Class 8 Expenses Recognised In Equity
* Class 9 Income Recognised In Equity

=== Swedish BAS chart of accounts layout ===
The complete Swedish [[BAS (accounting)|BAS]] standard chart of about 1250 accounts is also available in English and German texts in a printed publication from the non-profit branch BAS organisation. BAS is a private organisation originally created by the Swedish industry and today owned by a set general interest groups like, several industry organisations, several [[government authorities]] (incl [[Generally accepted accounting principles|GAAP]] and the [[revenue service]]), the [[Church of Sweden]], the [[audit]]s and [[accountant]]s organisation and [[SIE (file format)]] organisation, as close as consensus possibly (a Swedish way of working without legal demands).

The BAS chart use is not legally required in Sweden. However, it is politically anchored and so well developed that it is commonly used.

The BAS chart is not an SIS national standard because SIS is organised on pay documentation and {{Citation needed span|text=nobody in the computer world are paying for standard documents|date=October 2021}}. BAS were SIS standard but left. SIS [[Swedish Standards Institute]] is the Swedish domestic member of ISO. This is not a [[government procurement]] problem due to the fact all significant governmental authorities are significant members/part owners of BAS.

An almost identical chart of accounts is used in Norway.

==== Balance Sheet Accounts ====

===== [[Asset]] accounts =====
* 1150 Buildings and land assets
* 1200 Inventories, Machines
* 1210 Alterna
* 1220 IngDirect Savings
* 1230 Tangerine chequing
* 1240 Account Receivable

===== [[Liability (financial accounting)|Liability]] accounts =====
* 2300 Loans
* 2400 Short debts ([[payables]] 2440)
* 2500 Income Tax Payable
* 2600 VAT Payable
* 2700 Wages Payable
* 2800-2999 other liabilities

==== Profit & Loss accounts ====

===== [[Revenue]] accounts =====
* 3000 Revenue Accounts

===== [[Expense]] accounts =====
* 4000 Costs directly related to revenues
* 5000-7999 General expense Accounts
* 8000 Financial Accounts
* 9000 [[Contra-accounts]]