Entries by admin

IFRS 16 Leases

IFRS 16 replaces IAS 17 and all related interpretations, and completes the IASB’s project to improve the financial reporting of leases.
View PDF

Frequently asked questions

The technical department receives many requests for technical assistance during the year. This month’s Tip summarises some of the frequently asked questions.
View PDF

IFRS 9 Financial Instruments: Hedge accounting

Phase 3 of the IFRS 9 project provides requirements for hedge accounting which aligns hedge accounting more closely with risk management, establishes a more principles-based approach to hedge accounting and addresses inconsistencies and weaknesses in IAS 39’s hedge accounting model.
View PDF

Statement of Cash Flows

The objective of a Statement of Cash Flows is to provide useful information on how an entity generates and utilizes cash in respect of historical changes in the cash and cash equivalents.
View PDF

IFRS for SME’s

Limited amendments to IFRS for SME’s have been made after consideration of feedback received during the initial comprehensive review performed by the IASB.
View PDF

Promotion of Access to Information

The PAIA came into effect in 2000 to give effect to the constitutional right of access to any information held by the state, as well as information held by another person that is required for the exercise or protection of any right.
View PDF

Tax Matters

Reportable arrangements are arrangements perceived to have characteristics that may lead to undue tax benefits. A number of new transactions to be regarded as reportable arrangements were published during March 2015.
View PDF