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Final countdown for XBRL launch | Accounting Labs

The Accounting Labs is counting down the days until the launch of XBRL on the 1st of July 2018. XBRL is an Extensible Business Reporting Language for electronic communication of business information providing major benefits in the preparation, analysis, communication of Annual Financial Statements. Companies and Intellectual Property Commission (CIPC) embraces international best practices...

A World Without Cash

The concept “cash is king” is rapidly becoming outdated in modern economies, with many governments, financial institutions and businesses speeding up the transition to a society in which cash will be obsolete. Sweden, Canada and the UK are nearing the point where cards, digital bank transfers and cellphone payments have replaced...

Cryptocurrencies and Tax

By icba on May 10, 2018 in News, Tax The advent of cryptocurrencies, and in particular the substantial gains that are associated with investments in cryptocurrencies, caught the attention and interest of the world – and not least of all, that of the taxman.  Because where money abounds, tax is normally...

Becoming a Financially Savvy Franchisee

Here are a few guidelines to assist new franchise owners in solving some of the most common financial issues.   Franchisees with no prior financial management experience are often intimidated by financial documents, or caught unprepared for the financial management skills needed to ensure their new business remains profitable. One of the biggest...

Stock markets diverge before US jobs data

 May 04 2018 14:18 London - Stock markets mostly dropped on Friday as attention turns to the release of key US jobs data later in the day and high-level China-US trade talks in Beijing. Company earnings updates kept investors busy awaiting the monthly US employment data, with shares in Societe Generale tumbling...

Can Computers Replace Human Accountants

By icba on April 25, 2018 in News “The secret lies in embracing the technological advances without sacrificing the values and ethics that sustains and defines the profession,” says Jeanne Viljoen, Project Director: Practices at the South African Institute of Chartered Accountants (SAICA).“Don’t fear technology – embrace it and use it...