2021 University of Pretoria: Registrations open

Ducharme together with Enterprises: University of Pretoria is proud to announce the next set of dates of our financial management and accounting courses which will run in the 2021 calendar. Due to COVID19, full distance learning via real-time online e-sessions (which include electronic manuals and certificate of attendance) have been added to the face-to-face sessions (which include refreshments during contact days, detailed manuals and certificate of attendance together with the applicable COVID19 protocols).Please find below the dates for sessions.

AT(SA) qualification training support

AT(SA) Accredited Training support

Public sector accounting qualifications via Ducharme' subsidiary, Credo Business College.

Ducharme is proud to announce that through its subsidiary, Credo Business College, it can provide various accredited AT(SA) qualifications, which include the following:

Ducharme Article - Impact of COVID-19 on AFS

The outbreak of Coronavirus disease 2019 (COVID-19) is having a widespread impact on the global economy. The virus has taken its toll on not just human life, but businesses and financial markets too, the extent of which is currently indeterminate. Entities (public and private sector) must carefully consider their unique circumstances, risk exposures and consider the impact the outbreak may have on their financial/accounting reporting. Specifically, financial reporting and related financial statement disclosure need to convey all material effects of COVID-19.

Ducharme Dynamic mSCOA Viewer e-solution

In our aim to assist South African Municipalities in improving their ability to comply with finance legislation and regulations, and in specific the Municipal Standard Chart of Accounts (mSCOA), Ducharme has developed the mSCOA Viewer e-solution. The Ducharme mSCOA Viewer provides for an integrated view and analysis reporting e-solution of Municipal Standard Chart of Accounts (mSCOA) financial information across the various mSCOA segments.

IPSAS e-learning & EASI-book

In our aim to assist Public Sector entities with improving their ability to comply with finance legislation and regulations, and in specific the International Public Sector Accounting Standards (IPSAS) reporting framework, Ducharme has developed various learning solutions in this regards.

Our solutions include:

• A comprehensive and up-to-date 1200 page IPSAS Implementation Manual available in EASI-book mobile application edition (currently available in Android devices and Windows PCs) and hard copy edition, and

Ducharme Article - GRAP 1 Classification of expenditure

Financial statements tell the story of how the entity has spent the money it earned during the financial year. This story needs to reflect fairly the results of the operations. A fair presentation of expenses is key to forming an understanding of the entity’s operations and their financial effect. GRAP 1 is the Standard that deals with the Presentation of Financial Statements. Financial statements are made up of the elements: assets, liabilities, revenue and expenses.

Ducharme Article - Impact of BBBEE Act on GRAP

In 2013, the amendment of section 13G of the Broad Based Black Economic Empowerment Act resulted in specific legislated reporting requirements being imposed on all spheres of Government pertaining to BBBEE compliance disclosures in their audited annual financial statements and annual reports. Further regulations (in 2016) and explanatory notes (in 2017 and 2018) were issued in terms of this.

2018 Article - ASB Directive 12 - IFRS to GRAP transition

The Accounting Standards Board (ASB) Directive 12 requires that all public entities, including entities under the ownership control of these entities and is effective for accounting periods commencing on or after 1 April 2018, to considered whether they need to apply Standards of GRAP as prescribed reporting framework.

Ducharme has prepared an article which sets out some of the considerations for this transition from IFRS to GRAP and key difference between IFRS and GRAP.

Article - Municipal Water Balancing

Please find attached the Ducharme article on Municipal Water Balancing, in consideration of the accounting of this municipal revenue element. As to correctly account for water inventory, municipalities need to assess and consider various information sets provided by the municipal engineering and finance departments. A key consideration for the accounting is water balancing.

GRAP considerations: Municipal Housing Arrangements

GRAP 1 & GRAP 109 Considerations: Municipal Housing Arrangements

GRAP 1 requires an entitity to present its financial position, performance and cash flows for the given financial year and for the information to be useful. It is clear from GRAP 1.8 that it is about the entity. However, due to the interrelationships within Government, many entities find themselves challenged by what they have to account for. Therefore GRAP 109 Accounting by Principals and Agents was developed.

mSCOA impact on GRAP AFS

We have assisted various municipalities and professional bodies over the past few weeks and months with capacity building and technical support on the practical impact of the MSCOA as a compliance framework on the municipality's financial statements which are prepared GRAP reporting framework. Following from these sessions, we wish to communicate a few key elements for municipalities to consider as part of their GRAP AFS preparation processes, such as:

GRAP AFS review support

As part of our year-end AFS support, Ducharme can assist with an GRAP Compliance review of your annual financial statements.

For a quote or further details, get in contact with us!

Ducharme Article - GRAP 18 Segment Reporting

With GRAP 18 Segment Reporting becoming effective for a large section of the public sector entities (majority of the PFMA entities & TVET Colleges: 2015/16, with MFMA entities application to follow later), key guidance is required for the practical GRAP implementation considerations pertaining to GRAP 18 Segment Reporting. We have issued an article which aims to provide insight on key definitions, criteria and disclosure requirements together with practical illustrative application considerations thereto.

Ducharme Article - mSCOA Transition

With all municipalities and municipal entities having to implement the Municipal Standard Chart of Accounts (mSCOA) by 1 July 2017, the new classification framework brings along many additional compliance and business transformation requirements. Please find herewith a brief overview of some of the practical considerations impacted by the 9 mSCOA work streams:

GRAP Article: ASB Directive 11's Once-off change in asset measurement

the ASB issued Directive 11 ‘Changes in measurement bases following the initial adoption of Standards of GRAP’ to assist with this challenge, through provisions to change its accounting policy on a once-off basis. In terms of Directive 11, entities are able to take advantage of the provisions for a “once-off accounting policy change” within a period of three years.The three year consideration is the the latter of following:
(i) the expiry date of the transitional provisions applied on the initial adoption of the GRAP Standards,

GRAP 103 > Impact of transition period ending (2014/15)

The Standard of GRAP on Heritage Assets (GRAP 103) became effective on 1 April 2012 (with additional effective dates of 1 July 2012 for municipalities and municipal entities in terms of the MFMA and 1 January 2014 for Technical and Vocational Education and Training Colleges (“TVET Colleges”)).

Ducharme Vacancy - Training facilitator

Ducharme Training Institute is currently looking for financial accounting training facilitators to join our team. Requirements:
• Chartered Accountant
• A passion for financial accounting / financial management
• Minimum 5 years public sector and academic experience
• Full time and part-time opportunities considered across South Africa
• Willing to travel

Ducharme Article - impact of revised GRAP 5

A revised version of GRAP 5 Borrowing Costs was approved and issued by the Accounting Standards Board, effective for annual financial statements covering periods beginning on or after 1 April 2014. In terms of this revised version, a new benchmark treatment is prescribed (GRAP 5.07) as to recognise borrowing costs as an expense in the period it’s incurred, regardless of how the borrowings are applied.Ducharme has issued an article on the impact of the changes to GRAP 5 and the practical implementation in the 2014/15 AFS accounting period.

Article: Performance audit & risk management committee structering

Some municipal managers and other senior managers as well as councillors sometimes have difficulty to decide on how audit committees and the risk management committees should be structured, positioned and implemented within their respective municipalities. The purpose of this article is to provide some clarity on this matter given the fact that different legislation and regulations as well as policy guidelines issued by the national government are governing the establishment of audit and risk management committees. This article sets out the:

2014 08 Article PFMA SCM changes: Electronic Tax Compliance

Changes to current SCM processes of PFMA entities

On 15 July 2014, National Treasury has issued NT Instruction 3 in terms of S76(4)(a) of the Public Finance Management Act (PFMA) to various accounting officers and accounting authorities of national departments, constitutional institutions, public entities and provision treasuries as listed in Schedule 2 and 3 to the PFMA (PFMA entities).

MFMA Circular 71: Ratio analysis facilitation

MFMA Circular 71 issued in January 2014 provides a set of uniform key financial ratios and norms suitable and applicable to municipalities and municipal entities.

AFS compilation training

Annual financial statement (AFS) are the culmination of the transactions and events during the financial year, as well as transactions and balances of the prior years. Annually, officials tasked with the preparation and oversight of the AFS need to consider information impacting the AFS. In many instances the preparation of this information is outside the direct management and control of the financial department itself.

Year end AFS support and assistance


We can assist those entities on GRAP (Schedule 3A & 3C entities, Municipalities, certain Legislatures, Constitutional Entities, FET Colleges, etc.) with year-end Annual Financial Statement services, e.g.:

Local government accounting support (DM & LM): 2014


In consideration of the coordination and capacity- and technical support provided by District Municipalities to Local Municipalities in South Africa, one of the key considerations in terms of the annual financial reporting is the impact of the changes to the GRAP reporting framework issued for a specific financial year.

Ducharme Training Institute launch

Ducharme is proud to launch the Ducharme Training Institute (DTI), a dedicated subsidiary within the Ducharme Group, which specialises in public sector training, development and technical advice.

DC assisting to strengthen local governance

Asset management at municipalities is seen as the cornerstone of effective and efficient service delivery. However, during the financial years 2008/09 and 2009/10 the Sol Plaatje Municipality received a Disclaimer of opinion and during the financial years 2010/11 and 2011/12 a Qualified audit opinion, partly due to asset management findings. The non-existence of an asset management unit (AMU) was determined to adversely affect the municipality in ensuring effective and efficient service delivery and to obtain a clean audit report, and the value of such a unit was immediately recognized.

PSETA & LGSETA Accredited training courses

Unit Standards (US) aligned training courses for Public Sector and Local Government / Municipalities

Ducharme Assist Online Management Tool

Ducharme Assist Logo

Portal Link:

Ducharme Assist Overview:

Ducharme Assist is an online tool as central point for management information to assist entities in planning, implementation and management of operations processes. Different modules are available within Ducharme Asset, with the following two main categories thereof (details of some of the modules can be found below:

Clean Audit Opinion: GMT 2013

Ducharme Consulting assisted the Government Motor Transport (GMT) in the Western Cape, a PFMA Trading Entity, in its preparation of GAAP annual financial statements for 2012/2013, for which GMT received a clean audit opinion.

DC Article series:‘STANDARDS OF GRAP' Implementation


Following questions arising from the new Standards of GRAP that became applicable to various entities in South Africa, it has become clear of the various challenges that lie ahead in the implementation of these additional reporting requirements. It is from this backdrop that Ducharme Consulting (DC) prepared implementation advice on these new Standards of GRAP through a summarised and practical manner through a series of articles.

Clients' Audit Results shows great successes

Reflecting on the year that was, the 2008/09 audit reports of our clients show great advances and achievements. We are proud of the pivotal role that Ducharme Consulting has played, and continues to play, in the improvement of accountability and corporate governance in the South African Public Sector. Although some audit reports are still outstanding we present the following results, and are proud of the great advances that have been made where qualified audit reports were received in prior financial years.

Unqualified Audit Reports

Great successes achieved in 2010/11 Audit

Reflecting on the year that was, the 2010/11 audit reports of our clients show great advances and achievements. We are proud of the pivotal role that Ducharme Consulting has played, and continues to play, in the improvement of accountability and corporate governance in the South African Public Sector. Although some audit reports are still outstanding we present the following results, and are proud of the great advances that have been made where qualified audit reports were received in prior financial years.

Unqualified Audit Reports