4. The OHADA accounting system
The OHADA accounting system is structured around a Uniform Act on Accounting12
(hereafter, UAA) and a series of guidance documents13 that span over 500 pages covering:
definition of account codes, routine bookkeeping procedures, model financial statements,
accounting rules for specific activities (e.g., agriculture and service concession arrangements),
accounting rules for consolidated financial statements, cash flow accounting for microbusinesses,
uniform terminology, a nomenclature system for goods and services, and a
comprehensive glossary of accounting terms.
This paper is primarily concerned with the UAA and its accompanying guidance
document on consolidation accounting.14 The UAA is presented in seven chapters
containing