Centennial We celebrate our centennial year in 2008. There will be a number of events throughout the year, and we will be looking to the next 100 years in a major international conference, to be held in Auckland, New Zealand in August. Admissions review We’ve begun a review of policies for admission to the College…
One of my pet hates is the consistent pessimism I see across this beautiful country of ours. Whether it is inflation, interest rates, crime or load shedding, many in this country choose to take every opportunity to sit back and complain rather than rise to the challenge and assist in tackling the many issues we…
Accounting for customer contributions has until recently been an area that has been subject to varying accounting treatments. The term ‘customer contribution’ generally refers to a situation where an entity receives contributions, in the form of cash or other assets, from a customer or prospective customer or another third party entity, for example: “A property…
ACCOUNTING PRONOUNCEMENTS APPROVED At a meeting held on 8 February 2008, the Accounting Practices Board (APB) approved the following for issue: Revised IAS 1(AC 101) – Presentation of Financial Statements The changes made are to require information in financial statements to be aggregated on the basis of shared characteristics and to introduce a statement of…
XBRL has evolved. See it in action today. See real companies using real XBRL tools today to develop and publish business information, streamline reporting processes, enhance profitability and increase transparency. SEE XBRL IN ACTION IN MAY 2008 WHERE 17th XBRL International Conference entitled “Evolution in Business Reporting – XBRL in Action” Eindhoven, Netherlands (near Amsterdam,…
Continuing Professional Development An interesting debate I often have with Chartered Accountants (CA(SA)) and other professionals, from a variety of constituencies and, across geographical boundaries, is on the topic of Continuing Professional Development (CPD). Invariably, the discussion leads to the definition of a professional and what constitutes a professional, be they CAs(SA) or any other…
THE PINNACLE OF CAs(SA) SUCCESS IN COMMERCE AND INDUSTRY Programme aims to avoid retraining of CAs(SA) More than 70% of chartered accountants [CAs(SA)] registered with the South African Institute of Chartered Accountants (SAICA) practice in commerce and industry – the largest constituency of SAICA’s 26 915 members. With the aim of addressing the constituency’s needs,…
This article considers certain aspects of the rules governing objections and appeals and particularly whether a taxpayer will succeed with his/her request that the payment of the tax be postponed pending the finalisation of an objection and appeal. Objection and Appeal The rules regulating the lodging of objections and noting appeals have been significantly amended.…
Die nuwe jaar, wat so bemoedigend begin het, het baie vinnig in ‘n ander gedaante begin ontwikkel. Die politieke geluide wat op Polokwane gevolg het, wat veral verwys na ‘n ontwikkelingsstaat filosofie, om die produksiekant van die ekonomie aan te moedig, maar wat waarskynlik net meer herverdeling, staatsbesteding en uiteindelik inflasie sal veroorsaak. Terwyl ons…
It must be said, immediately, that these words are not directed against any officials of the South African Revenue Service, however much a few readers might consider them to be appropriate. They were written in 1776 by Adam Smith, the Scottish economist, who lectured on logic and moral philosophy. His most famous work, of course,…
