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Weekly Update – Monday, February 25, 2013


February 26, 2013

What’s new at FreeBalance?

This weekly news update provides the Government Resource Planning (GRP) community with a brief overview of recent FreeBalance developments and relevant industry news.

FreeBalance to Share PFM Good Practices at Annual ESAAG Event in Botswana

FreeBalance recently released five PFM Good Practice Documents. A Sixth Document comparing the GRP experiences in developing and developed countries will be released at ESAAG. These documents are available to ESAAG participants in Botswana or can be downloaded from the FreeBalance website. FreeBalance Good Practice documents collect lessons learned with FreeBalance government customers in 20 countries combined with PFM and technical ICT research. The initial set of FreeBalance Good Practice Documents covered Anti-Corruption, Budget Formulation, GRP Reform Sequencing, Multiple Year Chart of Accounts (COA) and Total Cost of Ownership (TCO).

Join us at the ICGFM March 13, 2013 DC Forum Luncheon

The March luncheon will focus on the Change Readiness Index and assessing countries’ ability to manage change and cultivate opportunity. Unlike most indices, which focus on a country’s performance to date, the Change Readiness Index takes a forward-looking perspective by capturing the underlying factors that are likely to determine a country’s ability to respond to change and take advantage of the resulting opportunities. The guest speaker is Jacqueline Irving. Ms. Irving is responsible for overseeing research projects on issues relating to global finance and economics. Previously with the World Bank and the IMF, she has led and participated in a wide variety of research, project design, and has provided policy advice at the request of central banks and financial sector authorities on attracting foreign investment and remittance flows.
Register for the event >>

ERP in Government Failure (again), Some Analysis

Word came a little over a week ago about another Enterprise Resource Planning (ERP) failure in government. This time, it’s a payroll implementation in the State of California. FreeBalance’s Doug Hadden was involved in some conversations on twitter that was storified and made available on the FreeBalance Sustainability Blog. Check it out and get in on the debate.
Read more on the FreeBalance blog>>

IFAC chief executive pushes G20 on accounting standards

The outgoing chief executive of the International Federation of Accountants has called on Russia to use its presidency of the Group of Twenty leading nations to press for wider adoption of International Public Sector Accounting Standards. Speaking in Moscow on the eve of last week’s summit of G20 finance ministers and central bank governors, Ian Ball said supporting the adoption and implementation of IPSAS would strengthen global financial stability. The Russian presidency, which runs throughout 2013, should create a better understanding of the need to significantly enhance the quality of accounting by governments, he said.
Read more on the Public Finance International blog>>

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