Financial statements The frustration continues… As part of their research and teaching activities, many accounting academics spend a lot of time poring over published financial statements. Strangely, some of them find this work fascinating. To most people, an enthusiasm for reading accounting reports is about as comprehensible as, say, an infatuation with spoon collecting. But…
Details20 fastest growing global companies Company Earnings growth Revenue Growth Total Return 1 Silver Wheaton 340% 76% 49% 2 Cirrus Logic 450% 39% 88% 3 Baidu 99% 72% 56% 4 HollyFrontier 93% 51% 64% 5 HFF 341% 41% 53% 6 lululemon athletica 81% 45% 109% 7 Northern Oil and Gas 122% 237% 36% 8 Apple…
DetailsUpdated carbon tax policy paper The National Treasury published the Carbon Tax Policy Paper, reducing greenhouse gas emissions and facilitating the transition to a green economy for public comment. This is the second and final round of comments requested on carbon tax policy, before government proceeds with the publication of draft legislation to give effect…
DetailsCPD platform changes SAICA is excited to announce that the Continuous Professional Development (CPD) system will be migrating from the current CPD website to be hosted by on Click2Start on the SAICA website. This change means that, with effect from 1 June 2013, you will no longer answer the CPD questions on the current CPD…
DetailsPurchasing power parity: An overview Purchasing Power Parity (PPP) is a technique used to determine the relative value of currencies, estimating the amount of adjustment needed on the exchange rate between countries for the exchange to be equivalent to (or on par with) each currency’s purchasing power. An example of this measure for making prices…
DetailsInflation rates of the G20 countries These figures show the inflation rates of the BRICS countries (Brazil, Russia, India, China and South Africa) to generally be higher than most. India’s inflation rate is the highest, while Russia’s inflation stood at 7.26% in March 2013 and Brazil’s was 6.31%. China’s rate at 3.13% is at a…
DetailsAccounting for withholding tax on dividends I was on the SAICA committee that decided that Secondary Tax on Companies (STC) was an expense. There was a furious debate at the time as to whether the tax was, in substance, merely part of the normal tax payable by a company, or whether it was a tax…
DetailsRoadmap IFRS changes for 2013 The International Accounting Standards Board (IASB) has completed a range of significant projects resulting in new accounting and disclosure requirements for entities preparing financial statements under International Financial Reporting Standards (IFRS). The effective date for these requirements is for financial years beginning on or after 1 January 2013 and now…
DetailsLeadership Lessons Instilling ethical leadership BPO the way to go? Integrated Reporting envelops the world The APC SAICA’s New ‘Part II’ Executives from innovative SA companies share how they lead upfront – and from behind. Leadership Lessons The death of ex-British prime minister Margaret Thatcher spawned an outburst of debate on the qualities of leadership,…
DetailsThe words that are often used to define PwC’s Suresh Kana. He shares insights on leadership and skills development. Great leaders are often unassuming people who create environments where others can give their best to what they do best. We greatly misunderstand the origins of great leadership and underestimate what we can learn from ‘Level…
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