Dear Client,
We had great success from the previous Cashflow and Balance Sheet Budgeting Workshop that was held in February 2020 and we are now offering another session in April 2020.
Why is it important to attend?
It was emphasized in the MFMA Circular No.98 (see attached) that there is still incorrect usage of the mSCOA and municipal accounting practices.
It was further highlighted that some municipalities are not budgeting, transacting and reporting directly within a financial system, as well as not locking their adopted budgets respectively.
This has led to loss of credibility of the data strings due to the incorrect use of the 6 regulated segments.
It was further stated that all municipalities must prepare their 2020/21 MTREF budgets in their financial systems and that the Schedule A1 be produced directly from their financial system.
It is imperative that municipalities populate SA30/SC30 when submitting cash flow figures.
Who should attend?
Managers involved in budget preparation.
General information:
- The workshop duration is 5 days. It is compulsory that all 5 days are attended by the same person(s).
- Each day will start at 9h00 sharp.
- Facilitator: Kashnee Sewnarain [CA(SA)]
- The course content consists of theory, classroom activities, practical work within the Munsoft system and assessments.
- The training workshop is based on the 6.3 mSCOA chart and 6.4 changes are also taken into account where applicable.
- Upon completion of the course (5 days), attendees will receive a hard copy manual, a certificate and course results with feedback.
Dates:
- 20-24 April 2020 in Johannesburg, GAUTENG at Munsoft offices.
- RSVP by close of business, 3 April 2020.
- A purchase order or signed quote is required by 9 April 2020 to finalise arrangements, travel, etc. (minimum delegate threshold will apply)
Costs:
- R12 500 per person (excl VAT).
- The following costs are excluded and is for the clients own account:
- Transportation to and from the workshop
- Accommodation
- Meals (lunch is included)
Agenda:
Day 1 and Day 2
3. Purpose of Balance Sheet and Cash flow Budgeting
4. Overview of the Municipal Standard Chart of Accounts Regulations
4.2. Key Concepts in understanding the mSCOA Excel Tables
4.3. Municipal Financial System Requirements
5. Unpacking Balance Sheet and Cash Flow Budgeting.
5.1. Principles of Balance Sheet and Cash Flow Budgeting
6. Budgeting for complex transactions.
6.2. Principal/Agent Relationships
6.3. Cost of Free Basic Services and Revenue Cost of Free Basic Services
Practical application of opening balances and balance sheet/cash flow segment transactions.
Day 3
- Formative Assessment written by all delegates
- Understanding National Treasury Mapping
- Analysis of differences in municipal A schedule adopted by Council and the NT A schedule
- Data analysis of the municipality’s own budget submitted to the Portal
Day 4
Using the system to undertake balance sheet and cash flow budget transactions
Day 5
- Summative assessment written by all delegates.
Kindly direct any questions or queries to [email protected] and feel free to speak to your Service Delivery Manager.
Kind Regards
Munsoft
