Financial Reporting in Terms of SCoA

The benefits of this skills programme include:

• A clear understanding of the differences between immediate and ultimate use concepts to assist with determining the economic classification

• A clear understanding of the differences between own-account and outsourced concepts to assist with determining transaction classification

• A practical understanding of the correct classification treatment of repairs, maintenance, rehabilitation, refurbishment, upgrades and additions

• Understanding the impact that incorrect classification has on the quality of financial reporting

• Understanding the inter-relationships between the different SCoA segments and how this can be applied to assist with the correct classification of transactions; and

• Practical exposure to the different sources of information and user aids available to assist users with the correct economic classification of transactions with the ERF and the SCoA.

Who should Attend?

• Individuals in the public sector (including National and Provincial Government).

• Financial practitioners and individuals who have an interest in public sector financial matters.