Issue 87 - IFRS News in Brief -RSM.pdfThe IASB issued the seventeenth edition of the ‘Investor Update’ on 27 November 2018. The issue provides investors with information th... (Category - Accounting) |
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XBRL Frequently Asked Questions (FAQs)There are several questions under each section corresponding to an index number, refer to each section for more questions and answers. ... (Category - Accounting) |
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A Summary of IFRS 5: Non-current assets held for sale and discontinued operationsWhen a company makes the decision to sell an asset or to stop some part of its business, it is making a decision that affects the futur... (Category - Accounting) |
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Accounting for SMEs with IFRS for SMEs - Musa NkosiSmall and Medium Entities (SMEs) operate in simpler and less complex environments compared to larger companies. Although SMEs are small... (Category - Accounting) |
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Accrual vs Provision for bonuses - Annerie LoubserThe subject of this discussion is when to recognise an accrual for bonuses and when a provision. (Category - Accounting) |
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An Introduction to the New Revenue Standard: IFRS 15 - Deon BuysIFRS 15 Revenue from Contracts with Customers was issued by the IASB on 28 May 2014 with a planned introduction for periods beginning o... (Category - Accounting) |
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Avoid Reckless Trading - Nicci WeymouthIn a strained economy where many businesses are battling to keep their doors open, it has become increasingly important for directors o... (Category - Accounting) |
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Bad debt on a foreign loan - Engela Crocker.pdfSection 24I requires that a gain or loss on a foreign exchange transaction be included in or deducted from the income of a taxpayer car... (Category - Accounting) |
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Blockchain The technology too powerful to ignore - David Bartlett.pdfThe potential applications of blockchain technology are numerous, but the technology is complex and difficult to wield. Indeed, truly t... (Category - Accounting) |
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Budget what budget - Lynette BurgessA common complaint after the holidays is that people are experiencing cash flow pressure personally or in their business. (Category - Accounting) |
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Conversion of debt into equity- John JonesSouth African Revenue Services (“SARS”) in their Tax Laws Amendment Bill of 19 July 2017, supported by the Explanatory Memorandum there... (Category - Accounting) |
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Cutting the fat on annual financial statements - Henk HeymansIf you have been working with financial statements for longer than a year or two you would have noticed how these have become thicker w... (Category - Accounting) |
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Directors approval of the annual financial statements - Jackie ReindorpSection 30(3)(c) of the Companies Act, No 71 of 2008 requires every company to prepare annual financial statements and these annual fin... (Category - Accounting) |
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Evolution of the accounting profession - Dextor Moro.Significant changes have taken place in the accounting profession over the years. (Category - Accounting) |
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IFRS 15 - Revenue from contracts with customers - Michael SteenkampIn May 2014, the International Accounting Standards Board (IASB) published IFRS 15 which replaces IAS 18 Revenue, IAS 11 Construction C... (Category - Accounting) |
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IFRS 16 Leases - Michael Steenkamp.pdfIFRS 16 comes into effect for periods commencing on or after 1 January 2019. All businesses that have contracts which are currently tre... (Category - Accounting) |
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IFRS 9 - Financial instruments (allowance for credit loss) - Michael SteenkampOn 24 July 2014, the International Accounting Standards Board (IASB) published the complete version of IFRS 9 which becomes mandatorily... (Category - Accounting) |
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IFRS key considerations for closing out 2016 - Joelle Moughannie.pdfThe time has come for our annual rendezvous to take stock of the latest developments in IFRS financial reporting requirements. This art... (Category - Accounting) |
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IFRS News in Brief - Issue 65 - RSMIn conclusion of their latest public consultation on the IFRS Foundations structure (link to RSM comment letter http://www.ifrs.org/Abo... (Category - Accounting) |
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IFRS News in Brief - Issue 67 - RSMOn 29 March 2017, the IASB published an exposure draft aimed at improving the disclosure requirements for operating segments in the wak... (Category - Accounting) |
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IFRS News in Brief - Issue 69 - RSMOn 29 March 2017, the IASB published an exposure draft aimed at improving the disclosure requirements for operating segments in the wak... (Category - Accounting) |
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IFRS News in Brief - Issue 71 - RSMOn 21 April 2017, the IASB published an exposure draft aimed at aiding implementation of the new financial instruments Standard, in par... (Category - Accounting) |
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IFRS News in Brief - Issue 72- RSMuncertainty in accounting for income taxes, as IAS 12 is currently silent on this issue. The Interpretation is effective for annual per... (Category - Accounting) |
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IFRS News in Brief - Issue 73 - RSMThe following is a summarised update on the main tentative decisions taken by the IASB at its meeting on 18-19 July 2017. For more d... (Category - Accounting) |
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IFRS News in Brief - Issue 74 - RSMOn 12 September 2017, the IASB published an exposure draft aimed at helping entities distinguish accounting estimates from accounting p... (Category - Accounting) |
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IFRS News in Brief - Issue 74 - RSMOn 12 September 2017, the IASB published an exposure draft aimed at helping entities distinguish accounting estimates from accounting p... (Category - Accounting) |
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IFRS News in Brief - Issue 75 - RSMOn 12 October 2017, the IASB issued an amendment - effective from 1 January 2019, with early application permitted - to the new financi... (Category - Accounting) |
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IFRS News in Brief - Issue 76 -RSMTentative conclusions (open for comment until 29 January 2018) that the principles and requirements in IFRS provide an adequate basis w... (Category - Accounting) |
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IFRS News in Brief - Issue 77 - RSMn 12 December 2017, the IASB issued the following narrow-scope amendments, effective for annual reporting periods beginning on or after... (Category - Accounting) |
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IFRS News in Brief - Issue 78 - RSMIFRS INTERPRETATIONS COMMITTEE (IC) LATEST DECISIONS SUMMARY The following is a summarised update on the main discussions taken by the... (Category - Accounting) |
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IFRS News In Brief - Issue 79On 7 February 2018, the IASB issued an amendment which is effective from 1 January 2019, with early application permitted. The amendme... (Category - Accounting) |
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IFRS News in Brief - Issue 80 - RSMSection 33(1) of the Companies Act 71 of 2008 (the Companies Act) states that every company must file an annual return in the prescri... (Category - Accounting) |
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IFRS News in Brief - Issue 81 - RSMThe IFRS Foundation has released the first three of 35 stand-alone modules designed to provide support to anyone learning about, applyi... (Category - Accounting) |
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IFRS News in Brief - Issue 82 - RSMThe IFRS Foundation has today published its annual report, including the audited financial statements, for the financial year ended 31 ... (Category - Accounting) |
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IFRS News in Brief - Issue 83- RSMIFRS INTERPRETATIONS COMMITTEE LATEST DECISIONS SUMMARY The following is a summarised update on the main discussions taken by the Comm... (Category - Accounting) |
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IFRS News in Brief - Issue 84 - RSMThe following materials have been published to support the implementation of IFRS 17 Insurance Contracts: A pocket guide on reinsura... (Category - Accounting) |
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IFRS News in Brief Issue 66. - RSMThree Standards amended under 'Annual Improvements to IFRSs 2014-2016 Cycle' On 8 December 2016, the IASB issued the following minor a... (Category - Accounting) |
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Issue 62 - IFRS News in Brief - RSMThe forthcoming Interpretation of IAS 21 Foreign Currency Transactions and Advance Consideration should become effective 1 January 2018... (Category - Accounting) |
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Issue 63 - IFRS News in Brief - RSM.pdfThe amendments published by the IASB on 12 September 2016 give all entities that issue insurance contracts the option to recognise in o... (Category - Accounting) |
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Issue 64 - FRS News in Brief - RSM.pdfAn executory contract establishes a right and an obligation to exchange economic resources that are interdependent and cannot be separa... (Category - Accounting) |
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Issue 88 - IFRS News in Brief - RSM.pdfINTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB) LATEST DECISIONS SUMMARY The following is a summarised update of the main discussions... (Category - Accounting) |
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Issue 89 - IFRS News in Brief - RSM.pdfPUBLICATIONS AND ANNOUNCEMENTS IFRS 16 Leases is now effective for annual reporting periods starting on or after 1 January 2019. It r... (Category - Accounting) |
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Its more than a Fixed Asset Register - Kamini Naicker .pdfMy experience with fixed asset registers varies depending on the significance and complexity of fixed assets. Most entities do not upda... (Category - Accounting) |
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Moving your accounting system to the cloud - Nicci WeymouthIn an age of technological advancements, where new programs and applications are available every day, there is increasing pressure on ... (Category - Accounting) |
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Moving your accounting system to the cloud - Nicci WeymouthIn an age of technological advancements, where new programs and applications are available every day, there is increasing pressure on ... (Category - Accounting) |
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New accounting and audit requirements for Bodies CorporatePreviously, only Sectional Title Schemes with ten or more units were required to have their annual financial statements audited. Howeve... (Category - Accounting) |
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Public officers and their duties - Trusha KanjeeIn the Tax Administration Act, South African Revenue Service (“SARSâ€) sets out the requirements for the public officer of a company... (Category - Accounting) |
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Secure Your Online Accounts - Paddy CrookIn todays digital world everyone, no matter your industry, has a small mountain of online accounts that you use. With accounts ranging ... (Category - Accounting) |
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The ever changing IFRS - What has changed and what is to come - Michael SteenkampIn the world of the ever-changing International Financial Reporting Standards (IFRS), most of us find it difficult to keep up to date w... (Category - Accounting) |
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To will a testamentary trust or not - Sidney PenfoldAs part of one’s Estate planning, it should be considered if a Testamentary Trust, also known as a Will Trust, should be written into t... (Category - Accounting) |
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Will software replace accountants - Leonard MundidaI am a big fan of technology. Over the past year, I have been fascinated by the disruptive effect of some Silicon Valley companies. (Category - Accounting) |
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XBRL and the filing of a company's annual financial statements - RSMAs of 1 July 2018, the Companies and Intellectual Property Commission (“CIPCâ€) will be implementing new requirements for the submis... (Category - Accounting) |
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XBRL Frequently Asked QuestionsThere are several questions under each section corresponding to an index number, refer to each section for more questions and answers.... (Category - Accounting) |
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Your accounting or legal firm in 2025: Plan now for the new technologies - Jack CrookPredicting the future is notoriously difficult, but as Confucius pointed out 2,500 years ago, whats happened in the past can certainly ... (Category - Accounting) |
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