Price:
R598.00 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
Accounting
Lecturer:
Tristan David-Crewe White
Duration:
120 Minutes
Additionals:
R598.00 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
Accounting
Lecturer:
Tristan David-Crewe White
Duration:
120 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
Public Schools are required to compile financial statements annually.
Three key decisions the compiler has to make:
- What reporting / accounting framework should we adopt, e.g. IFRS or SMEs or MEC Guidelines?
- Does the South African Schools Act restrict how certain transactions are treated?
- Who is allowed to compile the AFS of a public school?
Join us as we help you make informed decisions.
- Discuss the 2024 BELA ACT amendments that affect the finance, budgeting and accounting requirements in the South African Schools Act
- Break down the SA Schools Act requirements that affect the accounting transactions that end up in the financial statements
- Provide guidance on what financial reporting frameworks are available when preparing financial statements, including discussion of what constitutes MEC Guidelines
- Work through the National Guideline accounting framework available to public schools
- Clarify who is permitted to compile AFS.