Jeff Hubbard highlights the practical challenges of integrated reporting from the point of view of a chief financial officer I am sure there are not many people who would disagree with the concept of an integrated report under the aims stated by the IIRC; particularly for organisations that are of public interest. To preparers, the…
DetailsThis article is the second of a three-part series on the requirements of the final IFRS 9 financial instruments. In this part Genevieve Naik takes a look at financial liabilities Whilst some entities breathe a sigh of relief that the mandatory effective date of the final IFRS 9 has been pushed out to 1 January…
DetailsI have had an amazing year with many highlights. I was invited to an International Coaching Conference in Scandinavia in spring and extended the trip to include exposure to business and entrepreneurship within the regions. (But more about that in coming issues.) Some of you might have a life list – that list of things…
DetailsManufacturer specifications Engine 2,4 l Four-cylinder Power 130 KW Torque 229 Nm 0–100 km/h 10,5 s (claimed) Fuel consumption Average 8,3 l /100 km CO2 193 g/km Price From R479 990 I never thought I would see the day when Jeep would make an SUV that had no round lights or square edges. Well, that day…
Details“Money is meant to be fungible, used interchangeably; that is, money is money is money.” If you keep a monthly budget (which I hope you do), you’ll know that you’re supposed to take stock at the end of each month and check whether you’ve overspent on any line items. How many different line items and…
DetailsWarren Buffett famously said that ”Trust is like the air we breathe. When it’s present, nobody really notices. But when it’s absent, everybody notices.” Daniel Tisch concurs. Business has always been about trust and relationships – but never more so than today. With non-physicial and non-financial assets now comprising the vast majority of most companies’…
Details“We have an ethical duty to educate our clients to a higher level of financial literacy.” One of the saddest experiences we accountants can have is watching a client’s business fail because they couldn’t grasp basic financial concepts. We can advise and encourage and wave red flags over urgent realities, but we can’t run clients’…
DetailsHow do you wind up and liquidate a company that is factually solvent? By Norman M Mzizi The law of insolvency is regulated mainly by the Insolvency Act 24 of 1936, which remains the main source of South African insolvency law.1 The Insolvency Act defines an insolvent as a debtor whose estate is under sequestration…
Details“For best results, keep your emotions in check …” At some point you are going to be asked to speak in praise. This might take the form of a speech at a wedding, birthday, farewell, retirement party, or Christmas party. Owing to its perception of simplicity, most people don’t prepare in advance for this type…
Details“The difference between successful people and very successful people is that very successful people say ‘no’ to almost everything.” Warren Buffett I recently read about American business magnate Warren Buffett and his incredible ability to manage his time dealing with things that matter most. Buffett is acknowledged to be the most successful investor of the…
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