Accounting Framework for Decentralized Financial Systems (Microfinance Institutions) in WAEMU


(enacted in 2006)

The Accounting Framework for Microfinance Institutions in WAEMU of 2006 (Referential Comptable Specifique des Systemes Financiers Décentralisés de l’UMOA) caters to the specificities of microfinance institutions. This framework includes several parts, such as:

  • a conceptual framework;
  • an accounting framework;
  • plan of accounts; and
  • content and operation of accounts.

DISCLAIMER: Due to the fact that an official English translation was unavailable for this framework, information for this summary has been taken from secondary sources and unofficial translations and not from review of the actual legal text.