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…
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…
Can accountants afford to sit on client books for months? Go to the dentist and you are likely to be out in less than 30 minutes. Take your car in for a service and you will probably have it back by the end of the day. Take your books and records to the accountant and…
Once upon a time there was an accountable government, and other fairy tales. The theme for this month’s issue is transparency and accountability in government, a good thing is that everybody wants. But what we want and what we get are not always the same thing. It’s depressing, frankly. So let’s tell a fairy tale…
Only insure what you can’t afford to lose. My most valuable possession, by far, is my wedding ring. In my eyes, it’s the most beautiful thing I’ve ever seen. I designed it myself, while my husband (fiancé at the time) bank-rolled it. Meeting the requirements of being worth at least 3x his monthly salary; it’s…
Is differentiated reporting for investors and other stakeholders the way to go? Just the other day I was having a contemplative beer or two with a sustainability adviser who sometimes collaborates with me on annual reports. As the wordsmith, I assemble and tell the company value-creation story, where he’s a veteran CA(SA) who adeptly crunches…
Dress and groom yourself to display the authentic you – and win people over. It has been scientifically proven that you are judged within the first few seconds of meeting someone new, based on many levels of information stored in the brain, as explained in Malcolm Gladwell’s book ‘Blink’. What scores highest on the impression…
Read Accountancy SA on your tablet You’ve requested that we develop a tool through which you can read and store previous issues of Accountancy SA in a library on your tablet. We are happy to share with you how to do it. If you want to download the Digital Magazine to your iPad or Android…
Chartered accountants are the feedstock for corporate leadership, so get ready for the journey. For a CA(SA) to climb the ladder to the Chief Financial Officer (CFO) level and be successful, it is important to understand the journey and know what will be expected of you. In addition to competency, other skills such as interpersonal…
Variable pay should depend on current performance, rather than as an indicator of future competence. Should employers take any cognisance of talent potential as well as performance when structuring variable pay schemes? Let’s first answer the question, “What is variable pay?” The concept of variable pay stems from a ‘pay-for-performance’ philosophy. Thus, variable pay is…