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In 2005, the High Level Committee on Management (HLCM) recommended the adoption of International Public Sector Accounting Standards (IPSAS) by the United Nations System. This recommendation was approved by the General Assembly in 2006, with strong support from Member States who considered IPSAS a critical tool to better management and the flagship accounting and reporting standards for the public sector.

International accounting standards require that more information be provided and disclosed in an organization's financial statements, leading to better information availability and transparency for decision-making. To respond to this need, the United Nations followed the multiyear implementation of Umoja, a leading-edge Enterprise Resource Planning (ERP) software that provides a harmonized and streamlined approach to the Organization's management of finance, human resources, procurement and assets. By the time Umoja is fully deployed in all United Nations operations, it will be serving over 50,000 users.

The Finance Manual (FM) incorporates IPSAS policies and Umoja Foundation processes to teach Umoja users how a transaction is performed in the system: the accounting entries generated by the system and when the transaction is recorded. The Manual also addresses the preparation of IPSAS compliant financial statements and answers common process related questions.

Accounting Manual Chapters

1 Introduction

2 Umoja Overview

3 Revenue from Non Exchange Transactions

4 Revenue from Exchange Transactions

5 Expenses

6 Employee Benefits

7 Leases

8 Property, Plant and Equipment

9 Intangibles

10 Inventory

11 Investment Management

12 Cash Management

13 Accounts Receivable

14 Accounts Payable

15 Provisions, Contingent Liabilities and Contingent Assets

16 Presentation of Financial Statements and Disclosures

17 Accounting Policies, Changes in Estimates and Errors

18 General Ledger

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