When did SYSCOHADA Révisé take effect?
On 1 January 2018 for individual financial statements, and on 1 January 2019 for consolidated and combined accounts.
SYSCOHADA (Système Comptable OHADA) is the accounting framework of the 17 OHADA member states. It defines the general chart of accounts, valuation rules, summary financial statements (balance sheet, P&L, cash flow statement, notes) and recording methods. The major revision effective 1 January 2018 (SYSCOHADA Révisé) brought the framework closer to IFRS on several points.
On 1 January 2018 for individual financial statements, and on 1 January 2019 for consolidated and combined accounts.
The 2018 revision narrowed the gap. Listed companies and IFRS-group subsidiaries usually still need a parallel framework. For OHADA SMEs, SYSCOHADA is sufficient.