1. NORTH WEST CIGFARO SEMINAR 23 JULY 2019 KGOMOTSO KUMBE (ACCA) (CIA)

2. mSCOA

3. mSCOA - Municipal Standard Chart of Accounts
Understanding mSCOA
mSCOA - Municipal Standard Chart of Accounts
provides a;
uniform; and
standardized
financial transaction
classification framework

4. mSCOA is a Understanding mSCOA
business reform rather than a mere financial reform; and
requires multidimensional
recording and reporting of
transactions across all the seven (07) segments

5. Business Process Requirements
hosting of the mSCOA structure and associated detail as contained in the seven defined Segments;
accommodate and operate the classification framework across all seven segments at a transactional level
data extraction functionality as per the segmented transactional string and seamless upload to the Local Government Database
not apply methodologies of data mapping or data extrapolation
provide for the segmented transactional data string at a transactional level
full seamless integration between the core financial system representing the general ledger, and any third party system i.e. human resource and payroll third party systems, billing etc.; and
access to hardware that is sufficient to run the required software solution.

6. Detail Business Process Requirements
The seven components which must integrate seamlessly with the mSCOA general ledger 1. Budgeting and planning; 2. Billing 3. Supply Chain Management; 4. Inventory and stores; 5. Assets management 6. Human Resources and payroll 7. General Ledger.

7. Financial Management Accountability Cycle

8. Detail Business Process Requirements
IDP/SDBIP
BUDGET
S 71
S 72
S 52
ANNUAL
FINANCIAL
STATEMENTS
REPORTS

9. CHALLENGES Failure to prepare IDP & SDBIP on the system
Failure to prepare Schedule A Annual Budgets from the system
Failure to upload “Error Free” Data Strings
Failure to upload Data Strings
Failure to extract Schedule C Monthly Reports from the system
Failure to prepare Schedule B adjustment Budgets from the system
Failure to achieve seamless systems integration

10. PAUSE…