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The Acccounting Lab > Articles posted by The Accounting Lab Team

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The concept “cash is king” is rapidly becoming outdated in modern economies, with many governments, financial institutions and businesses speeding up the transition to a society in which cash will be obsolete.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...