Intro SCOA Workshop - March 2012 Roadshows

Report
STANDARD CHART OF ACCOUNTS (SCOA)
WORKSHOP
Introduction
SCOA ROADSHOWS – NATIONAL AND PROVINCES
Presenter: SCOA Technical Committee|
National Treasury| March 2012
OVERVIEW
• Changes to the SCOA – Why?
• Inconsistencies
• Changes – 1 April 2012
• Capturing of Budgets
• Capturing of budgets on the Financial System (BAS)
• Summary: Important issues to remember
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WHY CHANGE THE SCOA?
Deal with inconsistencies in the Economic Classification
The economic classification:
The three segments Project, Asset and Item together constitute the
economic classification in the SCOA environment.
An inconsistency:
An inconsistency is the incorrect allocation in one or more, of the
three segments in a transactional combination.
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IMPACT OF INCORRECT COMBINATION
Influences the following areas:
•
In-year monitoring reporting
•
Infrastructure reporting
•
Adjustments Estimate – Virements, roll-overs etc.
•
Annual Financial Statements
•
Asset register
•
Detail analysis on data from BAS e.g. contractors related to infrastructure spending
•
Policy analysis
•
Reporting to TCF, Budget Council, Presidential Coordinating Committee and Parliamentary
committees
•
Formal publications e.g. Budget Review, Provincial Budgets and Expenditure Review,
MTBPS
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DEALING WITH INCONSISTENCIES
Currently available interventions :
• Start transacting with the “Project Segment” on the system
• Correct capturing of budgets on the system
• Use of Budget Blocking
• Category Links set up by departments
• Inconsistencies Tool (available from the SCOA Website)
• In-house training (Capturers and Authorisers)
• Proper User access control, i.e. Security profiles & Group profiles
•
•
Systems Controllers and Budget Controllers first line of defense
SCOA Training through PALAMA
Reforms agreed with PAG’s and OAG:
• Review of the Chart of Accounts (SCOA)
• More category links built into the system (Transaction rules)
• Enforced sequence when processing transactions (Project Segment)
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MAIN CHANGES – 1 APRIL 2012
Category links built into the system – Transaction rules for main categories
Chart will provide for 2 types of departments:
– Departments not recording project spending – projects mainly outsourced, mainly
purchase of Stand Alone items
– Departments recording Own Account construction of Capital Assets (Public Works,
Road and Transport, Agriculture, etc.)
Same chart for all, restricted number of accounts to first group
Consultation between “Own Account Departments” and SCOA Committee
on access to items
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MAIN CHANGES – 1 APRIL 2012
Restriction of Transfer Payments
Reporting on Information and Communication Technology (ICT) Spending
New items for recording outsourced projects
Changes to the Asset Segment to improve infrastructure reporting
Changes to the Fund Segment to cater for Donor Funding
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THE END
Thank You
Questions?
SCOA Contact Details:
Helpdesk: 012 315 5311
Email: [email protected]
Website: http://scoa.treasury.gov.za
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