Understanding business combinations and the treatment of goodwill is crucial for accountants to ensure accurate financial reporting and compliance with IFRS standards. This article simplifies these concepts under IFRS 3, using practical examples relevant to South African entities. By mastering these topics, accountants can handle complex transactions and maintain financial statement integrity, making this article essential reading for professionals in the field.

Mastering IFRS for SMEs made simple! Discover how to handle intangible assets and impairment with our latest article. Perfect for business accountants seeking clarity without the jargon. Get the insights you need to streamline your financial reporting! #IFRSforSMEs #BusinessAccounting

Discover the power of bank reconciliation in our latest guide, "Bank on It." Learn simple steps to keep your finances accurate and spot errors quickly. Perfect for anyone wanting to get their financial records straight, whether you're a pro or just starting out. Dive in and start managing your money smarter today!

Good corporate governance principles, guided by the Namibian Code (NamCode) provide a framework for businesses to pursue profitability while adhering to ethical standards and contributing to societal and environmental sustainability. Learn about these principles and how they impact on the work of accountants in Namibia.

Independent reviews are essential to verify the integrity of real estate trust accounts with client funds like rental deposits. This article explores the role of these reviews, legislative requirements, who can perform them, and their benefits to ensure transparency and compliance in property management.

Good governance requires public schools to implement key policies ensuring consistency, compliance with laws, and a conducive learning environment. Read our article on how schools can go about implement key policies and the contents of these policies.

Who can examine financial statements for public schools? This function isn't limited to registered auditors. According to the Schools Act of 1996, the School Governing Body (SGB) can also appoint qualified accounting officers or practitioners approved by the Member of the Executive Council (MEC). Learn more about how as an accounting officer you can assist public schools in our article.

Are preference share dividends taxable? Preference shares are a key financial tool for companies, offering tax-exempt dividends, unlike taxable interest on loans. However, dividends can become taxable if specific conditions are met. In this article you will learn more about the requirements and investors and companies can maximise their financial benefits of preference shares.

Are you a freelancer, business owner, or registered farmer in Namibia? Understanding provisional tax helps your financial planning by allowing you to pay your income tax in manageable installments. This article offers essential tips and insights for you to assist clients and navigate the complexities of Namibia’s provisional tax system effectively.

Have you ever grappled with classifying financial transactions? Our article focuses on the crucial aspect on how to categorise transactions correctly. This is key when presenting financial statements, strategic decision-making, and compliance with regulatory standards. We showcase the application of the International Accounting Standards (IAS) framework in recording transactions are accurately reflected in financial reports.

ln the world of NPOs every rand counts. Effective budgeting is not just beneficial but paramount to survive. In this article we look at the essentials of setting diverse budgets—operating, capital, program, and grants. We give practical tips on crafting, adjusting, and optimizing your financial strategies to boost impact and promote stability.

From 2027, we will see significant changes to financial statements, due to the new IFRS 18 standards. Enhancements include aligning disclosure categories with the cash flow statement and new subtotals like 'Operating Profit.' This standard will clarify financial performance and necessitate detailed disclosures, prompting companies to prepare early for these significant changes.

Explore with us the world of mining rights and its accounting treatment in Namibia. Through a detailed example, we’ll show you the entire process—from acquiring a mining right to selling it—complete with all the necessary journal entries to you a clear and practical understanding of how to get it right.

What is the role of effective financial management in public schools? In this article we look at the regulatory frameworks, roles of key stakeholders, and the challenges they face, including a lack of financial literacy.

Transfer pricing is a key concern for revenue authorities as multinational companies aiming to fairly set prices across borders. In this article we look at South Africa’s approach through its tax laws and a pivotal court case. Learn about the essential strategies used to ensure businesses pay their fair share of taxes and adhere to international pricing standards.

A streamlined month-end close process is key to maintain accurate and reliable financial records. This article outlines the crucial steps involved, from data collection and account reconciliation to financial statement preparation. Enhance your finance team's ability to make informed decisions, meet deadlines, and prepare for audits effectively.

Read our latest article on how effective liquidity strategies, including managing cash, receivables, payables, and investments, can prevent financial crises and fuel business growth. Discover how to use liquidity ratios to evaluate financial stability and the role you can play in steering businesses toward success with CIBA’s handy guide.

In this article we look at internal controls through the lens of an accountant highlighting their role in ensuring robust financial management. Learn how these controls help protect assets, ensure the accuracy of financial statements, and uphold compliance with laws—key areas where accountants play a crucial role.

While Public Benefit Organizations (PBOs) enjoy some tax benefits they are not exempt from employees tax. Compliance with tax laws is paramount for the survival of nonprofits when it comes to registering with SARS, the Department of Labour, and the Compensation Fund, covering obligations like PAYE, UIF, and SDL. In this article we look at the requirements and what NPOs should consider.

Explore the evolving world of remote work when as look at how South Africa is planning to introduce digital nomad visas. How does the effort compare to countries like Portugal who managed to successfully adapt their immigration policies to attract global remote workers?