Risk Management

The biggest risk to business is not knowing what your risks are. The typical organisation loses 5% of its revenue to fraud, according to the global Association of Certified Fraud Examiners’ (ACFE) ‘Report to the Nations’ survey released in 2012. Applied to the 2011 Gross World Product, the figures in this report translates into a…

Have Your Say

The AUGUST Issue Comments Dear Accountancy SA Well done on a great August issue! I didn’t know we had so many beautiful women in the profession! Keep up the good work. Warm regards, Chris van der Merwe Dear Editor It is with delight that I opened my Accountancy SA magazine of August. As a female…

Conceptual changes to Lease Accounting

The IASB and FASB jointly tackle the anomalies in lease accounting. The International Accounting Standards Board (IASB) and the United States Financial Accounting Standards Board (FASB) released a second exposure draft on lease accounting in May 2013. IAS 17 LEASES IAS 17 Leases currently allows a company to classify its leases as either a finance…

VIEWPOINT: People Planet Profit

PPP is a term that was penned in the 1990s and is also known as the ‘Triple Bottom Line’ It accounts for: – People: social responsibility – Planet: environmental responsibility – Profit: economic value after inputs and all costs of capital. Why Important? The foundation of the breakdown is that you only pay attention to…

VIEWPOINT: Investing to preserve purchasing power

Offering a prudent balance between reward and risk, ‘real return funds’ take the middle road. Real return funds are often overlooked in investment portfolios for being ‘too boring’ or ‘too slow to deliver spectacular returns’. Nonetheless they may be highly suitable for investors with a medium- to long-term investment horizon. The temptation is always there…