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Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (repealed)
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Version Superseded: 01/08/2018
Point in time view as at 01/01/2017.
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1.An institution's accounting system shall serve to organise the budgetary and financial information in such a way that figures can be entered, filed and registered.
2.The accounting system shall consist of general accounts and budgetary accounts. The accounts shall be kept in euro and on the basis of the calendar year.
3.The authorising officer by delegation may also keep analytical accounts.
The accounting officer of the Commission shall, in accordance with Article 143, after consulting the accounting officers of the other institutions and of the bodies referred to in Article 141, adopt the accounting rules and the harmonised chart of accounts to be applied by all the institutions, the offices referred to in Title V of Part Two and all the bodies referred to in Article 141.
The general accounts shall record, in chronological order using the double-entry method, all events and operations which affect the economic and financial situation and the assets and liabilities of the institutions and of the bodies referred to in Article 141.
1.Balances and movements in the general accounts shall be entered in the accounting ledgers.
2.All accounting entries, including adjustments to the accounts, shall be based on supporting documents, to which the entries shall refer.
3.The accounting system shall be such as to leave a clear audit trail for all accounting entries.
The accounting officer shall, after the close of the financial year and up to the date of presentation of the general accounts, make any adjustments which, without involving disbursement or collection in respect of that year, are necessary for a true and fair presentation of those accounts. Such adjustments shall comply with the accounting rules referred to in Article 143.
1.The budgetary accounts shall provide a detailed record of the implementation of the budget.
2.For the purposes of paragraph 1, the budgetary accounts shall record all budgetary revenue and expenditure operations provided for in Title IV of Part One.
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