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Consolidated Accounts

The Department is saddled with the responsibilities of receiving, analyzing, and consolidating the monthly and annual trial balances of Ministries, Departments and Agencies (MDAs) of the federal Government of Nigeria;
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Consolidated Accounts

The Department is saddled with the responsibilities of receiving, analyzing, and consolidating the monthly and annual trial balances of Ministries, Departments and Agencies (MDAs) of the federal Government of Nigeria;
Learn Morearrow_downward

Mr Shaibu Sikiru

AG Director, Consolidated Accounts Department.

Functions of Consolidated Accounts Department

The functions of the Consolidated Accounts Department include the following:

  • Receiving, analyzing, and consolidating the monthly and annual trial balances of Ministries, Departments and Agencies (MDAs) of the federal Government of Nigeria;
  • Receiving, analyzing, and consolidating the audited annual financial statements of Federal Government Agencies administering statutory funds and special funds;
  • Receiving and analyzing the audited financial statement of Federal Government Business Enterprises, federal tertiary educational institutions, hospitals, medical centers, and other federal government entities and institutions;
  • Developing proposed accounting policies for application in all Federal Government institutions and entities in Nigeria;
  • Promoting the development of public financial management draft bill, preparation of draft financial regulations and federal treasury circulars for the regulation of public financial management in the Federal Government of Nigeria;
  • Preparation of Consolidated Financial Statements of the Federal Government of Nigeria (FGN) for presentation to the Auditor General of the Federation by the Accountant General of the Federation and the Honourable Minister of Finance and the Coordinating Minister of the Economy;
  • Organizing pre-engagement retreat, entrance meeting, and exit meeting for the audit of Annual FGN Consolidated Financial Statements between the Auditor General for the Federation and the Accountant General of the Federation;
  • Publishing of the Annual Audited Consolidated Financial Statements of the Federal Government of Nigeria, distributing hard copies to MDAs and ensuring the upload of soft copies on the website of the Office of the Accountant General of the Federation;
  • Coordinating and serving as the Secretariat of the Federation Accounts Allocation Committee (FAAC) Sub-Committee on International Public Sector Accounting Standards (IPSAS) Implementation in Nigeria;
  • Coordinating and serving as the Secretariat of the FGN IPSAS Implementation Committee;
  • Coordinating the professional training and capacity building of Treasury Accountants and Auditors on IPSAS and preparation of IPSAS-compliant financial statements;
  • Coordinating the quarterly meeting of the Accountant General of the Federation with the Directors and Heads of Finance and Accounts, and Director and Heads of Internal Audit of MDAs;
  • Any other assignment given by the Accountant General of the Federation