Accounting
Accounting matters
Overregulation and the removal of the audit function for certain companies by new corporate legislation are serious threats to the continued existence of small audit and accounting firms.Yet Chartered Accountants (SA) who anticipate this eventuality ...
A client provides corporate accommodation to corporate clients. Our client pays the guest houses and invoices and gets paid by the corporate clients. We have been showing the invoices to the corporates as the turnover but our client feels that they e...
Deductions 1873. Accounting and tax treatment of repairs October 2010 - Issue 134 The implementation of the revised IAS 16 Property Plant and Equipment in 2005 signaled a widening of the gap between the accounting and tax treatment of a...
Question : Should an accrual or provision be recognised for audit fees in the financial statements that are presently being audited when none of the audit work has been performed by year-end? Answer : (Source SAICA) Please note: There are tw...
Question When should a company account for wildlife on it's statement of financial position ? ...
QUESTION How should goodwill be accounted for after initial recognition? Can it simply be amortised over its useful life? ANSWER Goodwill must be amortised over its useful life, with ...
Please confirm whether we are required to straight line operating leases where annual increases are inflationary (fixed percentage or based on CPIX) in terms of IFRS for SMEs and IFRS / SA GAAP. ANSWER ...
“The IASB revised IFRS3, Business Combinations and amended IAS27, Consolidated and Separate Financial Statements in January 2008” IFRS 3 Business Combinations - OLD vs NEW as part of the second phase of the joint effort by the IASB and ...
