mSCOA and GRAP – Accounting Update: IMFO – July

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mSCOA and GRAP Accounting Update: IMFO July 2016 Reporting Pack and mSCOA V5.5 Technical Release Content: REPORTING Background The Problem Statement What is considered to be included in reporting? Proposed design Principles Phase 1:

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01
mSCOA and GRAP – Accounting Update: IMFO – July 2016 Reporting Pack and mSCOA V5.5 Technical Release<br>
02
Content: REPORTING
Background
The Problem Statement
What is considered to be included in reporting?
Proposed design Principles
Phase 1: Current Reporting Formats linked to mSCOA
Phase 2: Revised/Updated/New Reporting Formats

VERSION 5.5 FOR TECHNICAL REVIEW
Changes made Version 5.4 take 5 to Version 5
Where are we?
Position Papers<br>
03
BACKGROUND Key Design Principles in Setting-up mSCOA Classification Framework:
Central source of data for local government information to be used by different users, e.g. provincial treasuries, National Treasury, sector departments, STATSA, SARB, NERSA.
Improvement of Data Quality and Integrity – uniform classification framework with definitions to assist in the understanding of the classification of similar transactions throughout local government.
Initiative supported by a modernised system application to facilitate the adoption and implementation of the mSCOA Classification Framework.
Reporting relates to internal and external information requirements for local government in the context of the municipality or municipal entity.
Internal to the municipality:
management’s needs for information from the systems application for day-to-running
vary depending on the size and complexity of the municipality/municipal entity
excluded from the Position Paper
External – wider user group (See Annexure A to the Position Paper for a Comprehensive list):
Municipal Budget and Reporting Regulations
In-year reporting
Reporting of audit outcomes 3<br>