07 August 2012 edition of LG "Debits & Credits"

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The August 2012 edition of LG "Debits & Credits" was issued on Monday, the 6th of August.

CONTENTS this Issue:

1. Current Issues in “all things accounting and Local Government”

At the NSW Local Government Industry:
1.1 Dates to Remember This Month and Next for NSW Councils…
1.2 NSW DLG Circulars to note
1.3 Latest news from IPART - NSW
1.4 Review of Emergency Services Funding System
1.5 Independent Local Government Review Panel (LGRP)
1.6 LG&SA release an updated Motor Vehicle Leaseback Guidelines

At a National Level:
1.7 Latest news from the AASB.

On the World Stage:
All quiet

2. Some Year End issues

2.1 A “round up” of YE 11/12 issues & items that we have covered in earlier editions of
LG “Debits & Credits” for 2012 – so you know where to refer to !!

2.2 Your Accounting requirements for assisting a Federal Government “budget surplus” !!

3. Best Practice Guide

All you need to know about Employee Leave Entitlements (ELE) in one place

3.1 ELE Discount Rates as at 30/6/12 & their Implications !!
3.2 Council's Year End ELE Liability - when is it too big !?
3.3 How BIG should Council's ELE Cash Reserve amount total at YE !?
3.4 Demystifying & determining Council's ELE Expense

4. This Edition’s Question & Answer

Fallout from the reduced ELE Discount Rates applicable for YE 11/12

5. Update

Quarterly Budget Review Statement (QBRS) Update
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