National Treasury Releases Draft 2026/2027 Accounting Manuals for Departments

Posted 10 July 2026 Written by Acts Online
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Brought to you by SA Accounting Academy: The Office of the Accountant-General within the National Treasury has released the draft Accounting Manuals for Departments (AMDs) for the 2026/2027 financial year for public comment.

In terms of the Public Finance Management Act, No. 1 of 1999 (PFMA), national and provincial departments are required to prepare annual financial statements in accordance with the Modified Cash Standard (MCS). The newly published draft manuals serve as the primary implementation guidelines to assist departments in applying the MCS framework consistently and maintaining sound financial management.

The National Treasury has released 10 distinct draft Accounting Manuals for Departments (AMDs) on the Modified Cash Standard (MCS) Knowledge Hub. These manuals cover various critical accounting elements, providing detailed guidance on recognition, measurement, presentation, and disclosure requirements for government departments.

Click here to download the draft 2026/2027 Accounting Manuals for Departments (AMDs) folder.

What this means for you, your business, or your clients

  • For yourself: No direct individual obligations; impact is channelled through professional advisory, audit, or public sector accounting roles requiring up-to-date technical knowledge of the Modified Cash Standard (MCS).
  • For your business: Public sector accounting firms, consultants, and audit practices must review these draft manuals to align their audit methodologies, compliance checklists, and advisory frameworks with the updated 2026/2027 MCS interpretations.
  • For your clients: Public sector clients and government departments must review the draft manuals to identify changes in reporting requirements, submit comments to the National Treasury, and prepare to update their internal accounting policies ahead of the 2026/2027 financial year.

Originally published at https://accountingacademy.co.za/news/read/national-treasury-2026-2027-accounting-manuals-for-departments-amds

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