The South African Institute of Chartered Accountants, the publisher of Accountancy SA (ASA), and its affiliates (collectively "SAICA") authorises you to use this website subject to the terms and conditions below ("the Terms and Conditions"). By using this website in any way, you shall be deemed to have accepted all the Terms and Conditions unconditionally. You must not use this website if you do not agree to the Terms and Conditions.
If you register as a SAICA user, you will be assigned a username and password that is unique to you. You are responsible for maintaining the confidentiality of the username and password, and responsible for all activities that occur under your username and password. You agree to notify SAICA of any unauthorised use of your username and password or any other breach of security.
These Terms and Conditions will be governed by, and construed in all respects in accordance with the laws of South Africa, and subject to the exclusive jurisdiction of the South African courts.
If any one or more of the provisions of these Terms and Conditions should be held to be invalid or unenforceable, the validity and enforceability of all the other provisions of these Terms and Conditions will not be affected thereby and shall continue in full force and affect
In 2006, the International Financial Reporting Interpretations Committee (IFRIC) was asked to consider the accounting treatment of settlement discounts in terms of the existing International Financial Reporting Standards (IFRSs).
