Understanding and Implementing the Chart of Accounts in Municipalities
Course overview:
Municipal Standard Chart of Accounts is an issue that affects all municipalities in South Africa. It is not a straight-forward process and, therefore, many municipalities are not on track with implementing it. The deadline is long gone (1 July 2017), and most municipalities are still struggling to be on track
Course details:
There are still many practical implementation challenges facing local government which can only be addressed by attending workshops such as this one. This APS course will assist municipalities with the practical processes of implementing MSCOA by assessing where the municipality finds itself in the process and discussing the necessary steps to move in the right direction. |
At the end of the seminar, participants will be able to: • Understand the composition of the Standard Chart of Accounts (SCOA) • Identify the Basic Accounting System (BAS) General Ledger and other systems where transactions are initiated • Understand the payments transaction processing and capture in BAS • Understand the receipts transaction processing and capture in BAS • Understand how to record basic accounting transactions • Discuss the various systems of accounting • Be able to do certain reconciliations
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Those entities that need practical guidance on what MSCOA means and how to get on track with implementation- particularly finance teams in Municipalities. The workshop is also ideal for Municipal Counsellors who need to have an appreciation of the new framework.
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Three days |