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Weekly Update – Tuesday, February 19, 2013


February 20, 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.

Join FreeBalance at annual ESAAG event in Botswana

FreeBalance will be an exhibitor at the upcoming annual conference of the East and South African Association of Accountants-General (ESAAG). This event is scheduled to take place in Botswana from 25 to 28 February 2013. ESAAG conferences attract over 600 participants from its 14 member states: namely, Botswana, Kenya, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Rwanda, South Africa, Swaziland, Tanzania, Uganda, Zambia, and Zimbabwe. The aim of this conference is to provide a forum for Public Finance Management (PFM) professionals from different countries and organizations with an opportunity to explore and discuss issues on characteristics of “Modern public financial management systems”.
Read more about ESAAG >>

27th Annual ICGFM Conference – Good PFM Practices in a Period of Global Adjustment

The annual ICGFM conference takes place from May 19 – 24 in Miami, Florida. Five years after the beginnings of the global financial crisis, economic adjustments continue to take place. ICGFM will explore both the proactive measures that have taken place as well as the responses that have been undertaken to manage through this period of adjustment. This overall theme will frame the focus of the upcoming international conference. ICGFM Training Conferences are gatherings of financial management practitioners to discuss the financial reforms and methods available to better serve their citizens. Representatives from Africa, Asia, Europe, the Middle East, Latin America, the Caribbean and North America share their practical experiences in meeting the challenges of the 21st Century.
Register for the ICGFM conference >>

Good Practices on Chart of Accounts Design

FreeBalance recently released a set of Public Financial Management (PFM) documents following on our mandate of sharing good practices for the community. The fourth released document, embedded below, describes good practices in Multiple Year Chart of Accounts design. That might seem a bit odd that we produced something of a “technical” nature that may not seem material to the running of public finances. Yet, the Chart of Accounts (COA) or “budget classification” is arguably the most critical part of effective PFM design.
Read more on the FreeBalance blog>>

Join the FreeBalance Group on Linkedin

FreeBalance is an active member of the PFM community and we try to share good practices a number of different ways. The FreeBalance Group on Linkedin is a great forum to engage your colleagues in discussions related to PFM and Government Resource Planning (GRP). We invite you to join the group and get in on the conversation.
Join the FreeBalance on Linkedin >>

US$3.7 Billion Project in the UK uses Cloud Platform

The Education Funding Agency (EFA), the agency under the Department of Education in the UK tasked with providing funding for education and school building programmes, is using a cloud-based collaboration software for its £2.4 billion (US$3.7 billion) Priority School Building Programme (PSBP). PSBP was launched in May 2012 to redevelop and improve school facilities in 260 schools in the UK over five years. The EFA is responsible for managing procurement for the project and minimising cost. The agency adopted a cloud and web-based platform from Huddle to manage the large number of bidders and consider each bid separately.
Read the full article >>

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