This presentation made at Workshop on Accrual Accounting for City Corporations /Urban Local Bodies CIRDAP Auditorium – Dhaka – 13th Feb 2013 discusses various myths and realities regarding municipal accounting reforms.
This PPT delivered in a conference organised by Administrative Staff College of India discusses what needs to be done to improve municipal finances in India.
Experiences in Improving Fiscal Health of Municipal BodiesRavikant Joshi
This PPT delivered in International Symposium: Planning, Land, Housing, Infrastructure - takes stock of various efforts undertaken to improve Fiscal Health of Municipal Bodies in India
This PPT delivered in a conference organised by Administrative Staff College of India discusses what needs to be done to improve municipal finances in India.
Experiences in Improving Fiscal Health of Municipal BodiesRavikant Joshi
This PPT delivered in International Symposium: Planning, Land, Housing, Infrastructure - takes stock of various efforts undertaken to improve Fiscal Health of Municipal Bodies in India
Expenditure Management in Indian Municipal BodiesRavikant Joshi
This PPT made in National Conference on Municipal Finance organised by Ministry of Housing and Urban Affairs critically examines Expenditure Management Practices in Indian Municipal Bodies.
Creating Climate for Municipal accounting ReformsRavikant Joshi
This PPT delivered in conference organised by Institute of Chartered Accountants of India at Delhi outlines what has succeeded and what needs to be done to create conducive climate for implementing municipal accounting reforms.
Municipal Accounting Reforms of Vadodara Municipal CorporationRavikant Joshi
This PPT delivered for Institute of Chartered Accountant of India as a training tool narrates success story of municipal accounting reforms carried out by Vadodara Municipal Corporation of Gujarat and provides roadmap for municipal accounting reforms
Financial Analysis, Financial Forecasting for Municipal Bodies Ravikant Joshi
This PPT to Students of Nirma University explaints various financial analysis and forecasting tools and techniques which can be used for municipal financial management.
Financial Performance Indicators for Municipal BodiesRavikant Joshi
This PPT based on reserach report prepared for UN_HABIAT provides criteria, framework and financial performance indicators for assessing performance of municipal bodies.
This PPT delivered in Webinar to E&Y Team takes stock of theory and various basis of property tax, its status in indian municipal finance, issues associated with it and what reforms need to be undertaken to improve property tax revenue by Indian Municipal Bodies.
This PPT delivered in Course organised for Officers of Madhya Pradesh by Indian Institute of Public Administration - New Delhi exaplains various issues associated with urban water supply cost recovery and way forward.
This PPT outlines how indian cities are exclusive in nature and fail to accomodate seasonal or temporary migrants which resulted in to exodus of migrants from indian cities in the wake of Covid 19 pandemic.
Municipal Finances in India and Alternative Sources of Municipal FinanceRavikant Joshi
This PPT delivered to CEPT University Students provides detailed and latests information about municipal finances in India as of 2021 and discusses potential of alternative sources of finance for municipal bodies of India
Indicators for Municipal Financial AnalysisRavikant Joshi
This PPT delivered to Students of Nirma University explains indicator as a tool of performance measurent and then provides various indicators useful for municipal financial analysis
PPT presented in Training of Trainers Workshops on Strengthening The Financial Foundation of Local Government Based on Local Government Financial Management Series of UN-HABITAT during June 4- 15 2007 - Nadi, Fiji
Financing Operating Budget of Local GovernmentRavikant Joshi
PPT presented in Training of Trainers Workshops on Strengthening The Financial Foundation of Local Government Based on Local Government Financial Management Series of UN-HABITAT during June 4- 15 2007 - Nadi, Fiji
Working of State Finance Commissions in IndiaRavikant Joshi
This PPT delivered to Scholars of Indian School of Public Policy critically examines role played by State Finance Commissions in India which were created after 74th Constitutional Amendment to review sharing of resources between States and ULBs
This PPT delivered in a Course on Fiscal Decentralization – Organised by World Bank Institute at Khartoum - Sudan from December 14-18, 2008 provides principles of revnue assignment from national governments to sub and sub-sub national governments
Municipal Accounting Reforms - Why? How? & A Case Study of IndiaRavikant Joshi
This presentation discusses Why and How of municipal accounting reforms and provides detailed case study of municipal accounitng reforms carried out in India
Fin 571 genius perfect education fin571genius.comstudet1
FOR MORE CLASSES VISIT
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1.A proxy fight occurs when: the board of directors disagree on the members of the management team. For this week's checkpoint we had to look up three job postings in the field of accounting. I'm glad that I got this opportunity because it actually opened my eyes and expanded my knowledge in the accounting field. The three job positions are listed below. The first job title
The complete guide to account payables and account receivables processesMyaccountsConsultant
The first step of the Accounts Payable Process is to receive payment from a customer, whether it is on account or otherwise. In this process, they will generate an invoice through their accounting software. Once they have received payment, they will release that funds to the general ledger and then pay their vendors via bank transfer or check.
Expenditure Management in Indian Municipal BodiesRavikant Joshi
This PPT made in National Conference on Municipal Finance organised by Ministry of Housing and Urban Affairs critically examines Expenditure Management Practices in Indian Municipal Bodies.
Creating Climate for Municipal accounting ReformsRavikant Joshi
This PPT delivered in conference organised by Institute of Chartered Accountants of India at Delhi outlines what has succeeded and what needs to be done to create conducive climate for implementing municipal accounting reforms.
Municipal Accounting Reforms of Vadodara Municipal CorporationRavikant Joshi
This PPT delivered for Institute of Chartered Accountant of India as a training tool narrates success story of municipal accounting reforms carried out by Vadodara Municipal Corporation of Gujarat and provides roadmap for municipal accounting reforms
Financial Analysis, Financial Forecasting for Municipal Bodies Ravikant Joshi
This PPT to Students of Nirma University explaints various financial analysis and forecasting tools and techniques which can be used for municipal financial management.
Financial Performance Indicators for Municipal BodiesRavikant Joshi
This PPT based on reserach report prepared for UN_HABIAT provides criteria, framework and financial performance indicators for assessing performance of municipal bodies.
This PPT delivered in Webinar to E&Y Team takes stock of theory and various basis of property tax, its status in indian municipal finance, issues associated with it and what reforms need to be undertaken to improve property tax revenue by Indian Municipal Bodies.
This PPT delivered in Course organised for Officers of Madhya Pradesh by Indian Institute of Public Administration - New Delhi exaplains various issues associated with urban water supply cost recovery and way forward.
This PPT outlines how indian cities are exclusive in nature and fail to accomodate seasonal or temporary migrants which resulted in to exodus of migrants from indian cities in the wake of Covid 19 pandemic.
Municipal Finances in India and Alternative Sources of Municipal FinanceRavikant Joshi
This PPT delivered to CEPT University Students provides detailed and latests information about municipal finances in India as of 2021 and discusses potential of alternative sources of finance for municipal bodies of India
Indicators for Municipal Financial AnalysisRavikant Joshi
This PPT delivered to Students of Nirma University explains indicator as a tool of performance measurent and then provides various indicators useful for municipal financial analysis
PPT presented in Training of Trainers Workshops on Strengthening The Financial Foundation of Local Government Based on Local Government Financial Management Series of UN-HABITAT during June 4- 15 2007 - Nadi, Fiji
Financing Operating Budget of Local GovernmentRavikant Joshi
PPT presented in Training of Trainers Workshops on Strengthening The Financial Foundation of Local Government Based on Local Government Financial Management Series of UN-HABITAT during June 4- 15 2007 - Nadi, Fiji
Working of State Finance Commissions in IndiaRavikant Joshi
This PPT delivered to Scholars of Indian School of Public Policy critically examines role played by State Finance Commissions in India which were created after 74th Constitutional Amendment to review sharing of resources between States and ULBs
This PPT delivered in a Course on Fiscal Decentralization – Organised by World Bank Institute at Khartoum - Sudan from December 14-18, 2008 provides principles of revnue assignment from national governments to sub and sub-sub national governments
Municipal Accounting Reforms - Why? How? & A Case Study of IndiaRavikant Joshi
This presentation discusses Why and How of municipal accounting reforms and provides detailed case study of municipal accounitng reforms carried out in India
Fin 571 genius perfect education fin571genius.comstudet1
FOR MORE CLASSES VISIT
www.fin571genius.com
1.A proxy fight occurs when: the board of directors disagree on the members of the management team. For this week's checkpoint we had to look up three job postings in the field of accounting. I'm glad that I got this opportunity because it actually opened my eyes and expanded my knowledge in the accounting field. The three job positions are listed below. The first job title
The complete guide to account payables and account receivables processesMyaccountsConsultant
The first step of the Accounts Payable Process is to receive payment from a customer, whether it is on account or otherwise. In this process, they will generate an invoice through their accounting software. Once they have received payment, they will release that funds to the general ledger and then pay their vendors via bank transfer or check.
Unlock the potential of your small business with our latest blog, 'Small Business, Big Dreams: Simplify Your Finances with Expert Bookkeeping.' Discover essential tips and expert insights to streamline your financial management, empowering you to focus on your business goals. Take the first step towards success – simplify your finances today! Read more here https://key-cms.com/small-business-big-dreams-simplify-your-finances-with-expert-bookkeeping/
How to take the pain out of auditing in fast growing businessesDavidAltmen
As a fast growing business, it's important to make sure that your auditing process is as painless as possible. This will ensure that you can keep track of your growth and make sure that everything is running smoothly. Here are a few tips on how to take the pain out of auditing:
How to Safely Race to an Optimized Financial Accounting Close?Cogneesol
As per one survey by the Institute of Management Accountants, financial closing is one of the most significant challenges. In order to optimize financial close; an organization requires to make coordinated efforts. Here in this document, we have discussed how companies can race to an optimized financial accounting close safely.
Running head ACCOUNTINGACCOUNTING 2Internal control a.docxjoellemurphey
Running head: ACCOUNTING
ACCOUNTING
2
Internal control and accounting systems
Course
Lecturer
Institution
City, State
Date of submission
Content page and report outline
Title page
Terms of reference
Executive summary
Methodology
1.0
Introduction
2.0
Analysis and evaluation of current system
2.1
Reviewing and evaluating accounting system
2.2
Conduct an ethical evaluation of the accounting systems
2.3
Conduct a sustainability evaluation of the accounting systems
3.0
Identifying weaknesses and making recommendations for improvement
4.0
Cost-Benefit analysis
References
Appendices
I. Appendix 1: Cost-Benefit analysis
II. Appendix 1: Organization Chart
III. Appendix 1: SWOT Analysis
Terms of reference
The terms of reference of this document is to examine the current responsibilities of the internal control procedures versus the accounting systems as an obligation to detect and report the ever dynamic financial frauds that continue to dominate the integrated and contemporary commercial world. This document covers the academic demands of level four ISYS as a unit in accordance with the AAT accounting qualifications. In extension, the report critically reviews the Chic Paints limited especially its degree of commitment towards sustainability and equally highlights any possible issues are ethical in nature and prevails in the current commercial world. Finally, this report examines the matters surrounding the standards that are eminent in the Chic paints limited as well as the accounting practices thereby suggesting recommendations to assist arrest the situation.
Executive summary
This report addresses various internal control guidelines in light of the accounting systems that Chic Paints ltd organization uses especially when preparing its financial statements. In the first section, the document presents an analysis of the role taken by the accounting department within the Chic Paints ltd organization. Here, matters surrounding the accounting systems such as structure, organization and procedures regarding the accounting systems, the various functions of the financial statement as well as the external relationship and business environment are vividly developed. In the proceeding section, the use and the significance of the internal control in regard to external regulations is discussed. This part also shades more light on the possible causes, common kinds of financial frauds, techniques of detecting financial misstatements as well as the inherent impacts to the organization. Conversely, the essence of devising control types that dictate company compliance with the organizational together with regulatory requirements in support of the systems of accounting, are explored.
Section three opens out the discussion of Chic Paints ltd's accounting systems in addition to its possible areas of emphasis and improvement. A critical review, evaluation and assessment of systems of record keeping, risk areas and operating methods for sp ...
RUNNING HEAD FINANCE FOR PUBLIC ADMINISTRATORS1FINANCE FOR P.docxcowinhelen
RUNNING HEAD: FINANCE FOR PUBLIC ADMINISTRATORS 1
FINANCE FOR PUBLIC ADMINISTRATORS 10
Public Financial Management Industry’s Consultant
Author’s (Name)
Institution (Affiliate)
Question 2: Public Financial Management Industry Consultant
Financial management in the public and private sector have very evident differences. Those who have experiences in one of the fields may not be able to handle financial administration in the other field. This fact is due to the differences that present themselves in the two areas. There have been a lot of theories that have been brought forward that say that the differences between these two are so obvious that the private sector management should not be applied to the public sector.
To ensure that the 100 million dollar project is completed successfully without any problems, there needs to be the proper financial management of the funds. This is because to achieve the desired progress within the set period there needs to be an appropriate financial management strategy (Guthrie, 1998).
Accounting
The financial management methods used in the accounting industry in the private and public sectors are entirely different. An example is the fact that in the private sector, the financial managers and accountants are governed by the accepted accounting principles (GAAP). This is the set of practices like the double entry used in the accounting profession which is employed in the balancing of balance sheets. This method is mainly used for the public sector funding where steps like budgeting are done. In our case, the accounting will be a crucial step since to finish the project with the set amount of money without experiencing an over expenditure in the finance we need to budget for the money allocated correctly.
Profit
Most of the parastatal bodies are not inclined on the profit factor. However, the private sector businesses are driven by the profits which they anticipate or hope to make once they began their journey in the enterprise they partake. On the public sector however like in our case the gain is substituted by the task orientation or some other motivating factor. In our case, the motivating factor is the accomplishment of the project with budgeted funds that have been allocated to the project (Schick, 1998).
Context
Context is an important difference between the public and private sector financial managers. The context influences how each of the financial managers approaches the work they are involved in doing. The private sector financial managers are driven by the realization of profit. Therefore, the decisions he will make will be by ensuring that in whatever he does he gets to benefit. The public sector financial manager, on the other hand, will not make decisions hastily. The public sector financial managers must practice constraint in their decision making so as not to make decision ...
This eGuide provides you and your insurance agency the resources needed to better understand your accounting system and consider new ways to make it run more efficiently and effectively.
Topics covered include:
-Cash vs accrual accounting
-Switching to a new accounting system
-Integrated accounting
-Tracking commission
Move Beyond Billing | Transform Your Business with MonetizationBluLogix
If you are in the market for billing software, you know it’s an environment full of different terminology used to describe related ideas. Billing. Invoicing. Subscription Management. Recurring Revenue Management. And, our personal favorite - Monetization. All this terminology confusion can make it difficult to sort through what vendors are trying to sell you and, more importantly, what a particular solution will deliver.
How ERP software is dealing with new financial management difficulties.pdfJose thomas
Here we can feature that an ERP should assist us with having precise, dynamic, light-footed, and simple to break down data. The reception of ERP solution providers in the UAE should incorporate the accompanying vital focuses for an advanced monetary administration.
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ACC 290 Finals Question 1 Jackson Company recorded the following cash transactions for the year: Paid $135,000 for salaries. Paid $60,000 to purchase office equipment. Paid $15,000 for utilities. Paid $6,000 in dividends.
Municipal Accounting Reforms - Myths and Reality.pptRavikant Joshi
This presentation delivered to Accounts and Finance Officers of ULBs in Bangladesh at Dhaka discusses various Myths and Realities associated with Municipal Accounting Reforms
Performance Measurement for Local GovernmentsRavikant Joshi
This PPT was delivered Based on Local Government Financial Management Series- UN-HABITAT in 'Local Government Budgeting and Financial Management Course', December 16 - 20 2008 Khartoum, Sudan
Financing Capital Investment Planning (Capital Budget) of Local GovernmentRavikant Joshi
PPT presented in Training of Trainers Workshops on Strengthening The Financial Foundation of Local Government Based on Local Government Financial Management Series of UN-HABITAT during June 4- 15 2007 - Nadi, Fiji
Capital Investment Plan for Local GovernmentRavikant Joshi
PPT presented in Training of Trainers Workshops on Strengthening The Financial Foundation of Local Government Based on Local Government Financial Management Series of UN-HABITAT during June 4- 15 2007 - Nadi, Fiji
Evaluating Financial Condition of Local GovernmentsRavikant Joshi
PPT presented in Strengthening Training of Trainers Workshops on The Financial Foundation of Local Government Based on Local Government Financial Management Series of UN-HABITAT during June 4- 15 2007 - Nadi, Fiji
PPT presented in Strengthening Training of Trainers Workshops on The Financial Foundation of Local Government Based on Local Government Financial Management Series of UN-HABITAT during June 4- 15 2007 - Nadi, Fiji
Financial Policy Making for Local GovernmentRavikant Joshi
PPT presented in Strengthening Training of Trainers Workshops on The Financial Foundation of Local Government Based on Local Government Financial Management Series of UN-HABITAT during June 4- 15 2007 - Nadi, Fiji
This PPT delivered in Virtual Symposium on Municipal Councils in the G 20 Countries organised as a part of G 20 meeting in Doha Katar outlines briefly broad treands in Municipal Finances in India.
Smart City Mission’s Financial Implications on Municipal Budgets Ravikant Joshi
This PPT delivered in Workshop on Interrogating Governance and Financial Implications of ‘Smart Cities’ organised by Environmental Support Group Trust (ESG) & Centre for Financial Accountability (CFA) outlines financial implications of SCM on Municipal Budget and Finances of Smart Cities
Urban Public Finance / Local Public FinanceRavikant Joshi
This PPT delivered to students of Symbiosis School of Economics - Pune describes subject matter of urban public finance and how it is both positive and normative science.
What is the point of small housing associations.pptxPaul Smith
Given the small scale of housing associations and their relative high cost per home what is the point of them and how do we justify their continued existance
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
2024: The FAR - Federal Acquisition Regulations, Part 36
Municipal Accounting Reforms - myths and reality
1. Myths and Realities of
Municipal Accounting Reforms
Myths that underplayed need for reforms
Myths that discouraged attempts
Myths that have misled those who tried
Myths that have disappointed achievers
Dr. Ravikant Joshi
Workshop on Accrual Accounting for City
Corporations /Urban Local Bodies
CIRDAP Auditorium – Dhaka – 13th Feb 2013
2. Municipal Accounting Reforms
Myths that underplayed need for reforms
Over the years, the
present single
system has served
me well
Municipal Bodies
are government &
non-profit
organisation, Why
they should adopt
accounting reforms
A sound accounting
system is enabler. Its lack
has resulted in lack of
transparency and
credibility.
Efficiency, transparency &
accountability – three
objectives for every
organisation. Sound
accounting system serves
these objectives.
Myths Reality
3. Municipal Accounting Reforms
Myths that underplayed need for reforms
Accounting reforms
will only help higher
government, financial
institutions and
accounting firms
Accounting reforms help
primarily the Municipal
Body, its employees in
the form of easy and
systemic work, also its
decision makers in terms
of better, timely &
reliable information.
Accounting Reforms are not a luxury. They are essential to fulfil
the municipal body’s mandate. The help municipal bodies to catch
up with lost opportunities and benefit everyone
Reality
Myths
4. Municipal Accounting Reforms
Myths that discouraged attempts
Too much pending
accounting work is
there, unless it is set
right reforms cannot
be introduced
No information about
assets and liabilities,
so opening balance
sheet cannot be
formulated
Accounting reforms can be
implemented from any day
they have little to do with
pending accounting work
A perfect opening B/S is
desirable but not essential
pre-condition for reforms.
To start one needs
information on current
assets and liabilities.
Myths Reality
5. Municipal Accounting Reforms
Myths that discouraged attempts
Staff is not qualified
and cannot handle a
double entry accrual
accounting system
My local body does
not have funds to
buy computer
system and
accounting software
Double entry accrual based
accounting is nothing but
common sense. Once the
logic is explained clearly a
common man can use it.
Availability of software has
solved this issue further.
Do not require high end
computer systems
Myths Reality
6. Municipal Accounting Reforms
Myths that discouraged attempts
Reforms will cause
Staff redundancies
A double entry
accounting means
double workload
In most of the case the
accounts section is
understaffed. Even if staff
turns excess due to reforms
will get accommodated in MB
In existing system a second
set of records is maintained
but it is disjointed. Also there
are unnecessary procedures.
Streamlining leads reduction
Myths Reality
7. Municipal Accounting Reforms
Myths that have misled those who tried
One needs to clear
past accounts and
draw up an opening
balance sheet
Accounting reforms
are a one shot
exercise
All successful accounting
reforms have concentrated
on introducing reforms
rather than clearing pending
accounts.
It is a continuous process
and will have to be taken
continuously in future.
Today's sorry state is due to
lack of continuity.
Myths Reality
8. Municipal Accounting Reforms
Myths that have misled those who tried
Accounting Reforms
are a stand alone
exercise
Accounting reforms need to
be backed by budgeting
auditing and other reforms.
Accounting reforms is not an
end in itself but beginning of
reform process
Myths Reality
Focus on streamlining the future and not on correcting the
past, update continuously and simultaneously carry out
other financial management reforms as well.
9. Municipal Accounting Reforms
Myths that have disappointed achievers
If MB undertakes
accounting reforms, it
can borrow from
market
Borrowing from market
depends on overall
financial health of MB and
project’s bankability; not
on accounting reforms. But
it can help MB to translate
its financial results into a
language with which
market is comfortable. AR
lend reliability/credibility.
Myths Reality
10. Municipal Accounting Reforms
Myths that have disappointed achievers
If MB undertakes
accounting reforms,
its financial position
improves.
Accounting reforms are not a
magic, whose mere adoption
will improve a MB’s financial
position. The reforms will
pave way for it by making
available appropriate data for
judicious decisions by a MB.
Myths Reality
Accounting Reforms are the starting point in that they facilitate
decision-making and financial analysis. But they cannot guarantee
a sound financial position.
11. Municipal Accounting Reforms
Learning / Summing Up
Accounting Reforms
Are not expensive
Existing staff can do it
Can provide free time to the staff to focus on
other accounting activities
More importantly, irrespective of its current
status, any municipal body can start
accounting reforms
The real benefit is it takes care of
unintentional mistakes provide update, timely
data for decision making.
12. Municipal Accounting Reforms
Learning / Summing Up
It not enough to know what accounting
reforms can achieve, it is equally
important to know what they cannot.
Breaking the myths may lead municipal
bodies to presume that they can pursue
reforms casually. But this is not so. The
reforms are feasible only if they are
pursued in a well planned and professional
manner supported by enthusiasm and
hard work