"The first edition of Municipal finance and accounting was
published in 2007, and was the first comprehensive text on the
principles and best practice of municipal finance and accounting to
appear since Dr Jack Cowden's 1968 treatment of more or less the
same subject matter. The first edition was revised in 2011, the
main changes being the inclusion of considerable additional
material on the legislative framework governing municipalities, an
extensive revision of the chapter on municipal budgets in order to
incorporate the approaches introduced by the 2009 regulations on
budgets and reporting requirements, and various amendments to
chapters 3 and 4 to reflect the advent of further GRAP standards
and changes in important local government statutes. The example of
the annual financial statements contained in Chapter 5 was entirely
redone to accord with the requirements of GRAP, and the chapter
itself amended to include summaries of most of the prescribed GRAP
standards. The many changes in municipal finance that occurred
since 2011 have now necessitated a second revision. All new enacted
legislation and amendments to existing legislation have been
included, as well as important impending legislation and new
regulations, particularly those issued in terms of the Municipal
Systems Act and Municipal Finance Management Act. Important MFMA
circulars are also covered, as are other significant guidelines
issued by the National Treasury. Various other matters of
importance in relation to the financial administration and
governance of municipalities are also dealt with, including
municipal public accounts committees (MPACs), new approaches to
grants, the supply chain management reporting framework and several
significant court cases. An updated version of the annual financial
statements has also been prepared. As with the original edition,
this revised version deals holistically with all the key features
of municipal finance and accountancy, with emphasis on the
principles of sound financial governance in municipalities. It is
designed for use in tertiary education and also for regular
consultation by accounting officers, financial and non-financial
officials and councillors in the performance of their duties.
Municipal finance and accounting should be useful to anyone
involved with, or interested in, the financial administration and
governance of municipalities."
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Thu, 4 Aug 2022 | Review
by: Nqobile K.
I see no review. I wonder how am I going to rate this while there's nothing to review. I'm so much disappointed
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