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Mscoa Illustrative Financial Statements

Accounting Standards BoardRef: https://www.asb.co.za/mscoa-illustrative-financial-statements/

Official source

Source domain: asb.co.za

Collected on 13 July 2026

Always confirm details on the official source before acting.

What this means

This document is a webpage/newsletter entry titled “mSCOA Illustrative Financial Statements” posted on 16 September 2019 by Julianne. It states that the National Treasury issued an illustrative set of financial statements to assist municipalities in preparing their financial statements for the year ended 30 June 2019. It also clarifies that the illustrative financial statements do not cover accounting requirements for municipalities with controlled entities, associates and/or joint ventures, and that municipalities must ensure compliance with GRAP Standards (including materiality) and related legislation.

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financial reporting guidanceOngoing

mSCOA Illustrative Financial Statements

An illustrative set of financial statements provided by the National Treasury to guide municipalities in preparing their financial statements for the year ended 30 June 2019. The materials include examples of how to apply GRAP Standards and are intended to support accurate reporting.

Who it is for: municipalities preparing financial statements for the year ended 30 June 2019
How to act on it: Download the illustrative financial statements from the mSCOA website

Show the line this came from

The National Treasury has issued an illustrative set of financial statements to assist municipalities with the preparation of their financial statements for the year ended 30 June 2019.

Facts

Reference

https://www.asb.co.za/mscoa-illustrative-financial-statements/

Parties

Issuing authority

Key Takeaways

Title: mSCOA Illustrative Financial Statements
Posted date: 16 September 2019
Posted by: Julianne
Issuing authority: National Treasury
Purpose: assist municipalities preparing financial statements
Reporting period: year ended 30 June 2019
Scope limitation: does not illustrate requirements for municipalities with controlled entities, associates and/or joint ventures
Requirement: municipalities must comply with GRAP Standards (including materiality) and related legislative requirements
National Treasury
Accounting Standards Board (ASB)
mSCOA
Julianne