Overview 

There are clear prescripts that prescribe how local government should manage the public funds that they receive. Local government has a responsibility to provide services to the citizens of this country but service delivery is a complex, multi-faceted concept that is dependent on many variables, some within the control of the country, and some that emanate from global issues.

Regardless of the complexity of service delivery, local government must ensure proper financial management of its entities aided by the establishment of robust internal accounting processes and systems. 

This webinar addresses all issues related to MFM accounting including background legislation, accounting frameworks and recurring processes.

Join Caryn Maitland CA(SA) and Bronwyn MacCallum CA(SA) on 24 August 2021 from 09:00 a.m. to 11:00 a.m. as they discuss accounting in the MFM cycle.

Learning objectives

By the end of this webinar the attendee should:

• Understand the framework for International Public Sector Accounting Standards;
• Understand the establishment, legislative mandate and work of the Accounting Standards Board (ASB);
• Identify the Conceptual Framework for General Purpose Financial Reporting as issued by the Accounting Standards Board applicable to MFMA entities;
• Identify the legislation that prescribes the relevant accounting frameworks in the local government sector; and
• Understand the contexts that impact on the application of the Standards of Generally Recognised Accounting Practice (GRAP) in local government.

Content

The webinar will cover the following topics:

• The Accounting Standards Board (ASB):
  • Establishment.
  • Legislative mandate.
  • Conceptual Framework for General Purpose Financial Reporting.
• Framework for the International Public Sector Accounting Standards.
• Accounting frameworks for PFMA entities.
• Legislation prescribing the frameworks.
• Application of GRAP in local government.

Obtaining your CPD certificate

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies.

All attendees are issued with a CPD certificate available in an online profile.

About the presenters

Caryn Maitland CA(SA)

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA.

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics.

Caryn has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  She is also involved with the annual SAICA SMP Technical tour.

Bronwyn MacCallum CA(SA)

Bronwyn qualified as a CA(SA) in 2004 and has spent time in private practice as a partner and later director of small and medium firms as well as a tenure at the Auditor-General of South Africa as a Senior Manager and SAICA Training Officer.

Her current professional focus is on the design, implementation and monitoring of systems of quality control in the auditing profession for firms and for engagements. Bronwyn has also spent many years lecturing Auditing, IFRS and Public Financial Management at undergraduate, post-graduate and professional levels, both face-to-face and in the design and implementation of blended and on-line learning platforms. Bronwyn has played active roles at both SAICA and IRBA in board sub-committees related to professional practical training and development, and in public sector governance structures and audit committees. 

Who should attend?

The following persons will benefit from attending this webinar:

• Professional Accountants including: RA(SA), CA(SA), PA(SA) and BAP(SA); and
• Managers and employees of municipal entities.

Price           

• R 475.00 - Online admission - Individual.
• R 950.00 - Online admission - Company.

Steps to register for the event:

If you already have a profile, login and register for the webinar.

If you don’t have a profile, create a free profile then login and register for the webinar.

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).

Click here to find out about the Technical Resource Centre & CPD Subscription options.

Additional material

By attending this webinar you will be provided with:

• A summarised slide presentation.
• Reference documents and/or course material where available.
• You can ask questions during the webinar and you will also have access to the presenter after the webinar.