VIEWPOINT: What are your 2014 key performance indicators?

“Traditional KPIs include chargeable time, billing recovery rates, bills raised and the quantum of lock up.” Implementing key performance indicators to grow your profitability Business financial progress can be tracked by management accounts, but what can accountancy business owners monitor that will directly result in profit improvement? A key performance indicator (KPI) is a selected…

VIEWPOINT: On your marks, get set – go for sustainability

“The result – watered-down ‘integrated reports’ and ‘sustainability reports’ that were full of disclosure gaps.” The penny has finally dropped. To survive and thrive, companies are embedding sustainability into management reporting For corporate South Africa, sustainability became real in 2010, when the King III Code became effective for JSE-listed companies. Managements now needed to ‘comply…

VIEWPOINT: Are professionals wealthier than most?

“They may be high-income producers but, by trying to emulate glittering rich millionaires, they are living a treadmill existence.” While the highly educated were busy studying, the super wealthy were already earning … We are all aware that extreme wealth often correlates with a low standard of education. Richard Branson and Walt Disney dropped out…

ANALYSIS: Hedge Accounting: Is it feasible?

“Differing accounting recognition and measurement criteria, applied to various components of a hedge relationship, create volatility in financial reporting” Hedge accounting is becoming imperative for companies exposed to exchange rate volatility The recent volatility in the South African rand (ZAR) has seen many local corporates scrambling to control the impact of dwindling local currency value…

SPECIAL FEATURE: Can SMEs benefit from sustainability

“Sustainability in the supply chain is increasingly considered as critical to delivering long-term profitability, replacing financial cost, value, and speediness as the chief concern.” Adopting sustainability practices can make smaller companies more competitive in supply chains The effects of the worldwide economic downturn, combined with environmental degradation and social volatility, are not conducive to a…

SizweNtsalubaGobodo Forensic Team Helps Crack Moepi Case

An internal investigation led by the SizweNtsalubaGobodo forensic team has assisted the police in providing key evidence, leading to the arrest of a suspect in the investigation into the fatal shooting of Forensic Director, Lawrence Moepi. The firm’s investigation has further revealed that the fatal shooting, in October, is in no way work-related and is…

Accountants breed accountants

If each CA(SA) donated R500 per annum (fully tax deductible), SAICA could support 50% more bright young students At the inaugural North-West dinner for the Association for the Advancement of Black Accountants in South Africa (ABASA), many accountants were left wondering as to how one particular family could produce such provincial success in the accountancy…