Public Sector Financial Accounting
Ducharme can assist and advise on financial reporting and accounting; the compilation of GRAP compliant financial statements, GRAP compliant budgets, GRAP compliant asset registers, PFMA, MFMA, NT regulations and the management functions; compilation, validation/verification & valuations; reports and registers required in terms of the accounting frameworks and regulatory requirements as well as toolkits, analysis and information.
Financial Accounting Support
GRAP ACCOUNTING IMPLEMENTATION TOOLKIT
This toolkit sets out the requirements of the GRAP standards and assists you to understand where you deviate from the standards of GRAP and provides you with a number of electronic tools that can be used to ensure full GRAP compliance in the AFS.
This includes a GRAP implementation plan (also known as a Financial Management Improvement Plan) and training on the use of the toolkit.
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VAT SUPPORT SERVICES & REVIEWS
The correct treatment and procedures for the accounting and declaration of Value Added Tax (VAT) can significantly enhance the cash flow of any entity in the public sector.
Ducharme can assist public entities to correct or prevent the incorrect application of the VAT principles, which in many cases can result in entities incurring material financial losses and cash-flow problems as a result of Overpayment of excessive VAT or under-claimed input tax credits on applicable expenditure.
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MSCOA ASSESSMENT SUPPORT
We can assist with high-level mSCOA assessments as well as practical support with compiling a high-level mSCOA project plan or budget compilation plan, including conducting high-level capacity and current state assessments.
In addition, there are 15 core business processes are impacted to various degrees by each of the 7 segments.
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