Professional Accountant - latest Issue
Volumes & issues
Volume 2016, Issue 29, 2016
Author Zobuzwe NgobeseSource: Professional Accountant 2016, pp 6 –7 (2016)More Less
Author Lynley MainSource: Professional Accountant 2016, pp 8 –10 (2016)More Less
Financial reporting is a critical tool in informing shareholders, the board and wider investment community of the financial status of an organisation. The information reflected in statements needs to be reliable to drive effective planning and enable sensible decision-making. However, there is still a number of areas where financial reporting falls short, which impacts on the ability of executives and investors to make informed decisions.
Author Septi BukulaSource: Professional Accountant 2016, pp 11 –13 (2016)More Less
The ongoing talk about a possible ratings downgrade and recession by the end of this year is cause for deep concern within the country's small business community. While the recent report from Statistics SA that the economy grew by a relatively healthy 3,3% in the second quarter of this year following a 1,2% contraction in the first quarter, came as a welcome respite to entrepreneurs and small business owners who have had to operate under difficult economic conditions for a very long time, it's not time to celebrate just yet because the economic environment remains quite challenging.
Source: Professional Accountant 2016, pp 14 –15 (2016)More Less
Deferred taxation is one of those accounting standards that you either 'love-to-hate', find as a nuisance value, just ignore as if it does not exist or find that it is not applicable to the SME market. The question that needs to be addressed is whether bypassing deferred taxation allows the Professional Accountant (SA) to state that the financial statements comply with IFRS for SMEs.
Author Grant ThorntonSource: Professional Accountant 2016, pp 16 –17 (2016)More Less
The IASB has published 'Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts' which makes narrow scope amendments to IFRS 4 'Insurance Contracts' ('the Amendments'). The Amendments provide temporary accounting solutions for entities that issue insurance contracts for the practical challenges of implementing IFRS 9 'Financial Instruments' before the forthcoming insurance contracts Standard.
Source: Professional Accountant 2016, pp 18 –19 (2016)More Less
Non-existent are days where the spoken word left no room for ambiguities and was sufficient to confirm your commitment.
When entering into an agreement one should always proceed with caveat (caution). Many parties are unaware of the implications of the terms that govern the acceptance as accounting officer. To avoid litigation and ensure your designation remains intact, we have one simple rule: confirm it in writing!
Author Ragiema Thokan-MahomedSource: Professional Accountant 2016 (2016)More Less
Guilty by association is an ad hominem fallacy which, if taken lightly could be the end of the noble accounting profession as we know it. When you belong to any profession, you become an involuntary ambassador for all under the banner. When days are good we thrive on the exposure. We act with pride and never pass on the opportunity to bask in the glory. How, then, do we deal with being associated to the bad apples in the profession? Surely it is not fair to be painted with the same brush, and be charged guilty by association?
Author Gcina MahlabaSource: Professional Accountant 2016 (2016)More Less
Diversity management is vital to organisation growth in today's very competitive marketplace. A diverse workforce can bring about productivity and competitive advantage. However, it is vital that the organisation understands diversity and knows how to implement, monitor and report on diversity and, consequently, use it to its advantage.
Author Dumisani DlaminiSource: Professional Accountant 2016, pp 22 –23 (2016)More Less
Author Michiel JonkerSource: Professional Accountant 2016, pp 24 –25 (2016)More Less
South Africa - facing its most serious water crisis in recent history - must urgently adopt a comprehensive long-term water strategy to ensure that the country has enough clean water for the next 100 years. Right now, it is imperative that South Africa prioritises a holistic water strategy to stave off catastrophe ahead.
Author Juanita VorsterSource: Professional Accountant 2016, pp 26 –27 (2016)More Less
Author Samantha Du ChenneSource: Professional Accountant 2016, pp 28 –29 (2016)More Less
While couches, pause areas and informal meeting spaces are generally more commonly associated with socialising than office design, the modern work place is increasingly being created to enhance comfort and collaboration between coworkers, with a focus on movement as opposed to static seating. Office designs are geared towards maximising human potential, productivity and performance by encouraging employees to move around and engage with one another.
Source: Professional Accountant 2016 (2016)More Less
My name is Kassian Cliffird Thudinyane. I am 32 years old and am the eldest child and only son from a family of five. I was born in South West Africa, now modern-day Namibia. In 2007, I relocated to Cape Town to pursue my studies in Public Relations Management at the Cape Peninsula University of Technology, where I completed a diploma and BTech degree. I also studied Journalism and TV presenting at City Varsity.