Understanding the 5-Step Model for Revenue Recognition under IFRS 15
Revenue recognition can often feel complicated, but understanding IFRS 15 is essential for getting it right. This guide breaks down the 5-step model in simple terms, using practical examples to help you support your clients with clarity and confidence. From retail sales to telecom contracts, discover how to ensure accurate, transparent financial reporting.
From Bytes to Balance Sheets: Accounting and Tax in the IT Sector
The IT industry is reshaping business at a fast pace, and accountants play a vital role in guiding it. From POPIA compliance to managing tricky VAT on digital services, this article looks at the key challenges IT companies face—and how you can help them thrive. Read for practical tips to add value in one of South Africa’s fastest-growing sectors!
Accounting for Healthcare Professionals: What Every Accountant Should Know
Ever thought of specialising in one of the most regulated and rewarding industries? The medical industry comes with unique financial challenges for medical practitioners and accountants alike. In this article we look at the intricacies and considerations when accounting in line with HPCSA regulations, managing taxation pitfalls and safeguarding sensitive patient data. Read on to learn how you can help medical practitioners thrive, stay compliant, and why your role is pivotal in protecting their reputation and practice.
From Crops to Credits: Accounting and Tax in the Agriculture Sector
Farming isn’t just about fields and livestock—it’s a business full of unique financial and tax challenges. From unpredictable income to the complexities of fair value accounting under IAS 41, farmers face risks that directly impact their bottom line. This article explores how business accountants can step in as vital allies, helping farmers navigate natural disasters, cash flow struggles, and tax compliance while ensuring their businesses thrive.