The latest revenue standard proposes a single, complete revenue recognition model applicable to all contracts with customers. The International Accounting Standards Board (IASB) and the United States Financial Accounting Standards Board (FASB) indicated that the new revenue standard will be issued in the third quarter of 2013. BACKGROUND The process of compiling a new revenue…
For the first time in working environments, four generations will be functioning together. A plan is needed to manage these differences to the advantage of your employees, so that your company benefits. Globally growth-leading companies have something in common: a relentless focus on talent from the pit of generations. They are very intentional about this.…
The ratio of non-equity partners in accounting firms is on the rise. Accounting firm owners traditionally balance the requirement for capital to be introduced with the desire to add owners. However, the increasing costs associated with running an accounting firm, as well as ever-changing regulation and economic fortunes, promote an alternative or possibly a trial…
Which aspects will make your CV stand head and shoulders above the rest? Creating a CV is essentially an exercise in advertising, with you as the product. Your future success in securing your ideal career opportunity depends on the quality of the document you create. Understand the opportunity, organisation and position that you are applying…
Don’t spend on unnecessary insurance and grow your own insurance fund investments. Let me start by saying that this piece is not about a stokvel. While the principles might be similar, I can’t say I have family and friends that I trust enough. However, if you do live in a community where you are able…
Moses Kgosana – humble hero who leads through inspiration How does one manage a team of more than 260 partners, each of which thinks he or she knows better than you, and at least half of whom probably do? You start off by being humble, explains Moses Kgosana, CEO and senior partner at KPMG. What…
A deaf CA(SA) shares how qualifying was her ticket to the world. Leigh Burton was always encouraged by her parents, regardless of her hearing disability, to complete a degree that would enable her to support herself and allow her, as a woman, to be financially independent. Her career of choice was that of a Chartered…
A rich heritage The Lanzerac’s rich heritage dates back to 1692, when Governor Simon van der Stel granted a considerable tract of land in the Jonkershoek Valley to Isaac Schrijver and three freed slaves. These slaves were Manuel and Anthony of Angola, and Louis of Bengal. The farm received the first of its names, being…
Small and medium practices (SMPs) face a host of challenges, which SAICA is helping to address. SAICA Small and Medium Practices (SMP) division is pursuing its 2013 objective of meeting more of our Small and Medium Practitioners out in the field, whether by attending discussion groups or visiting individual practices. The purpose of this is…
Besides crunching the numbers, SMPs can play a ‘virtual’ role as directors, advisers and business facilitators to SMEs. South African chartered accountants in small and medium practices (SMPs) who look beyond auditing alone have the opportunity to engage small and medium enterprises (SMEs) in mutually profitable relationships, say SME funders. The change in South Africa’s…