The International Accounting Standards Board (IASB) published the proposed amendments (ED/2013/9) to the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) in October 2013 for comment. This is the first review since the release of the standard in 2009. It is the IASB’s expectation to review the standard in a three…
2014 Annual Membership Fee Renewal Notice The 2014 Annual Membership fees have been set as follows: Subscription Fee 14% VAT Total Chartered Accountants CA(SA) Full membership local R4 453.95 R623.55 R5 077.50 Full membership international R4 453.95 R 0.00 R4 453.95 Over 60 full membership R 835.67 R116.99 R 952.66 Over 60 full international membership R…
“If you critically analyse what you spend most of your time on every day, can you honestly say that it comprises the most optimal use of your unique talents and strengths?” Empowering those around you will in turn empower you “It is never too late to be wise.” – Daniel Defoe, Robinson Crusoe The only man to…
“The new Nissan LEAF represents one of the most significant events that Nissan South Africa has ever undertaken.” Retail sales have commenced in November via a dedicated Nissan LEAF dealer network covering Johannesburg and Pretoria. A charging infrastructure has been implemented at convenient locations to provide a new, environmentally sustainable way of travelling. Says Mike Whitfield, Nissan South Africa Managing…
:The software you choose is not the only variable that determines the success of your consolidation software implementation. ” Prevent costs and headaches later by selecting the ‘right fit’ solution Companies with multiple cost centres or business units usually reach the point of needing to adopt a financial consolidation solution. The time is ripe to…
“The integrated report is an outcome of the integrated reporting process – and importantly, it is based on the foundation of integrated thinking in a company.” The finalised integrated reporting framework may transform corporate reporting worldwide This year will be remembered for the birth of a new prince … and the birth of an accepted…
Producing an integrated report can be a tedious and stressful affair, but automated tools are becoming available. Most organisations have sophisticated intelligence and analytical tools in place for planning, budgeting, forecasting and consolidation, also known as the ‘first mile of reporting’. However, when compiling monthly and annual reports, all data is initially extracted from Excel…
“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…
A whale of a Flop JPMorgan Chase & Co cancelled a question-and answer session on Twitter after it prompted a tirade of verbal abuse from thousands of people on the site. They are the target of at least eight Justice Department investigations in the US and was mocked and taunted by Twitter users after asking…
“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…