National Treasury has a duty to ensure transparency and expenditure control in each sphere of Government and plans to do this by introducing Generally Recognised Accounting Practice (GRAP), Uniform Expenditure Classi cations and Uniform Treasury Norms and standards.
As a result, the National Treasury has implemented its municipal budget reform process in a move to standardize and streamline all financial reporting, which requires all government entities to comply with the newly introduced mSCoA framework.
mSCoA is a standard chart of accounts that consists of the coding of items for classi cation, budgeting, recording and reporting of revenue and expenditures within the local government sphere.
mSCoA, the Municipal Standard Chart of Accounts, is a positive move by The National Treasury to provide a common approach to the way municipalities record and approach accounting information. However, the transition for many municipalities is likely to be a complex and substantial task, that will require full IT and business process integration across the entire government organisation.
EOH have broken the mSCoA requirements down to provide our clients with an IT offering that is fully compliant.
The EOH Oracle solution has been designed to accommodate the mSCoA structure from the detailed transaction performed, thus storing the data at the mSCoA level and allowing transaction enquiry thereof.
The user interface is seamless in the form of a drop down selection aiding the correct account added to the transaction as well as Automotic Accounting Instructions which are directed to the correct account by means of presetting the correct accounting values based on transaction details.
In support of Organisational Strategy and Service Delivery, EOH view the system implementation as a convergence of an ERP system with robust Business Processes operating within a GRAP/GAAP Compliant Environment.