MaGC conducted a two-day training on accrual accounting to municipal accountants of Goa state on 26th and 27th September 2019. The training covered the basics of double entry accrual accounting, municipal accounting concepts, and basics of municipal financial management. Practical exercises and case studies were used extensively. Working on the exercises gave the participants hands-on experience in applying concepts into practice. The training was an initiative of Sulochana Thapar Foundation.
“Commitment Control system helps monitor and regulate expenditure arrears by tracking spending well before payment obligations materialize. It also helps regulate the availability of cash amongst spending units.” To know more, read Ashok’s write-up on ‘Commitment Control: A Step Towards (or Beyond) Accrual Accounting’ published in IMF’s Public Financial Management Blog here: https://blog-pfm.imf.org/pfmblog/2019/01/accrual-accounting.html?
The MaGC Board now has a woman representative with the induction of Ms. Praveena K. R. Praveena has been with MaGC since 2005. She has worked with clients in India, Bhutan, Bangladesh, UK, Middle-East, and Singapore. Her specialisation is in corporate finance, audit and internal control frameworks, business process reengineering, and information security. Praveena is a Chartered Accountant and a Certified Information Systems Auditor. She has additional certifications of ISMS …Read More
A joint paper presented by Praveena K. R. and Dr. Murali R. S. from MaGC wins the best paper award at the 23rd International Conference on ‘Multidisciplinary Research and Practice in the era of Digital Innovation and Academic Intelligence: A Futuristic Approach’ organized by The Research Development Association and Research Development Research Foundation in collaboration with Rajasthan Chamber of Commerce and Industry and Jaipur Management Association. The paper, titled ‘M-RiCM …Read More
The Model Municipal Finance Code is an unique attempt to provide a set of principles for municipalities in India to manage their finances in a fiscally responsible manner. The Code was an initiative by Janaagraha and was developed by MaGC. Click here to read a blog on the development of the Code by Ashok. Click here to read the complete Success Story.
MaGC organised a week-long exposure visit for a high-level delegation from Sri Lanka. The visit was aimed at exposing the delegation to different institutional mechanisms in India for local level infrastructure development and financing. MaGC’s involvement was part of an ongoing consultancy assignment for The Asia Foundation for ‘Restructuring of the Local Loans Development Fund of Sri Lanka’. The delegation was led by the Secretary-Ministry of Provincial Councils and Local …Read More
MaGC has attained the Trainee Development Platinum approval of ACCA (UK). This enables MaGC to provide the professional and trainee development platform for members as well as students of ACCA. The approval recognises high standards of staff training and development and commitment towards building the right skills, ethics, and competences required for business growth. ANSA India (www.ansaindia.in), an associate of MaGC, is the first and only Platinum Approved Learning Partner …Read More
MaGC is empanelled with the Karnataka Evaluation Authority, Bengaluru (kea.karnataka.gov.in) as an Evaluation Consultant Organization for the years 2017-18 to 2019-20 in the following sectors: Natural Resources Management, Governance, Public Sector Units, and Urban Local Bodies. Karnataka Evaluation Authority undertakes monitoring and evaluation of various government schemes and initiatives. The empanelment was the outcome of a rigorous process of evaluation of MaGC’s credibility and capacity to undertake evaluation work.
The 3PT (Policy-Process-People-Technology) framework, a proprietary tool developed by MaGC, is now a registered trademark. The tool has been registered by the Trademark Registry, Government of India under the Trade Marks Act, 1999 with Trade Mark No. 2597712 in Class 35 with effect from 27th December 2016. Click here to know more about the 3PT® framework.
Effective governance requires effective management of public finances. Proper public financial management has become even more relevant in the post-financial crisis years. This need is opening up several consulting opportunities for finance professionals within India as well as outside. The emerging opportunities in this space formed the subject of an evening study circle meet held recently by the Institute of Chartered Accountants of India at Bangalore. Ashok Rao of MaGC …Read More