Financial Impact Criteria

Financial Impact Criteria

The agency or enterprise system is part of the North Carolina Accounting System if one or both of the following criteria are met:

Criteria One: Agency system meets the definition of an accounting system in G.S. 143B-426.35:

Accounting system means the total structure of records and procedures which discover, record, classify, and report information on the financial position and operating results of a governmental unit or any of its funds, balanced account groups, and organizational components.

Criteria Two: Agency system, either as the primary purpose or as related data to programmatic activities, creates, controls, and provides financial information which is necessary or can be made available to support one or more of the uniform statewide information requirements as defined in NCAS Uniform Information Requirements, found in Appendix B. For existing systems the financial information does not have to currently be in the same format or number scheme as NCAS to meet this inclusion criteria.

These uniform statewide information requirements are:

OSC and agencies uniform financial control and reporting according to GAAP;
Central management uniform account classification for management and agency comparative reporting;
Legislature and OSBM certified budget control, analysis, and reporting;
Legislature and OSBM performance budget control, analysis, and reporting;
Office of the State Auditor (OSA), OSC, and agencies federal and State grant control and reporting;
Central management uniform identification of elements of government;
Central management uniform identification of vendors, creditors, customers, debtors, and employees;
Central management uniform identification of programs; and
Central Management uniform identification of commodities purchased for inventory, consumption, or fixed asset control.