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…
DetailsFROM THE PEN The Prada Issue In a scene from that now infamous movie, ‘The Devil wears Prada’, Miranda Priestly (the Editor portrayed) tells Andy, the budding ‘serious journalist’, that her disdain of fashion is really just her ignorance of the business of fashion. She says to Andy (who sniggers because she thinks the blue…
DetailsAccounting 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…
DetailsACCOUNTING 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…
DetailsXBRL 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,…
DetailsContinuing 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…
DetailsTHE 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,…
DetailsThis 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.…
DetailsDie 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…
DetailsIt 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,…
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