Knowledge makes the difference

The reform process for introducing the double-entry accounting in communal administration is progressing across the nation. Regional regulations now also require the local administrative bodies to prepare consolidated financial accounts. The first municipal opening balance sheets and annual accounts have already been submitted.
In this context, the new communal financial management becomes increasingly important and the consolidated financial accounts in particular expose municipalities completely new challenges.
The technical processing of the consolidated financial accounts is a big challenge for many municipalities, as the critical opening balance requires extensive professional knowledge.

IDLplus - communal financial management