Victorian Standard Chart of Accounts Training

Did you know that there could be over 100 different ways to describe revenue in accounting charts, and more than 800 ways to describe expenses? The Victorian Standard Chart of Accounts (SCOA) is a Victorian Government initiative coordinated by the Office for the Community Sector.

The Victorian SCOA will be mandatory for Victorian State Government departments and agencies for all new funding programs with not-for-profit (NFP) organisations from 1 July 2010. The Victorian SCOA will reduce administrative burden for NFP organisations which have funding agreements with Victorian Government departments and agencies by simplifying requisite financial reporting.

The Office for the Community Sector is holding FREE training sessions throughout Victoria between mid-March and April for all Victorian NFP community organisations to explain its purpose and practical application.

For more information on the SCOA and these training sessions, please click here.