The Public Sector Series Session 9: Accounting in the MFM Cycle
CPD Hours: 2
Price: R237.50
The Public Sector Series Session 9: Accounting in the MFM Cycle
Presenters : Bronwyn MacCallum , Caryn Maitland CA(SA)
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.
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.
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