1887

n IMFO : Official Journal of the Institute of Municipal Finance Officers - Accounting for non-payment of billed rates and services : best practice notes

Volume 3, Issue 4
  • ISSN : 1607-520X
USD

 

Abstract

Extracted from text ... Annual Financial Statements The annual financial statements of municipalities, in terms of both GAMAP and current accounting requirements, must fairly present the financial position and affairs of the municipality. This means, among other things, that the originally recorded value of both fixed and current assets must be appropriately adjusted to reflect their fair value at balance sheet date - fixed assets by means of a provision for depreciation to reflect the extent to which the value of these assets has been consumed in the provision of services or economic benefits, and rates and consumer debtors by means of a ..

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/content/imfo/3/4/EJC42021
2003-12-01
2016-12-11

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