Accounting weekly

Accounting and Auditing

Understanding company debt and the impact it can have on picking stock

As the world goes through a tough economic period, interest rates rise and consumers tighten their belts, the analysis of listed company debt becomes more and more pertinent. Put succinctly, profitable, cash-generative companies without debt are highly unlikely to go bankrupt overnight. Thus more debt (and less in terms of profits) often correlates with higher …

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What’s the State of Accounting in Africa? It’s Complicated

It’s no surprise that a giant continent with 50 climes ranging from savannah to snowy peaks delivered diverse results in a recent giant survey of its accounting profession.   When you speak to 1 750 accountants from across Africa, you’re bound to find some interesting, seemingly contradictory results. The State of the Accountancy Profession in Africa Report reflects …

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Accountants Have Benefited From Automation Since 3 000 BC. Why Should it Stop Now? 

Nicolaas van Wyk It’s a pity that in 1920 when archaeologists discovered 5 000 year old tablets along the Euphrates River in modern day Iraq, they didn’t speak to their accountant. The tablets and the strange symbols engraved on them would bemuse scientists for the next 50 years until an archaeologist eventually determined that they …

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African accountancy profession is broadly optimistic about the economic future  

A ground-breaking study into the accountancy profession in Africa reveals 55% of accountants are optimistic about Africa’s economic prospects, but skill shortages, especially in the areas of technology and strategy are a major concern for respondents.   PAFA (the Pan African Federation of Accountants), ACCA (the Association of Chartered Certified Accountants), and PwC joined forces to …

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8 Ways for Accountants to Minimize Legal Risks

The pandemic disrupted business as usual, and for accounting professionals, this has meant heightened concerns about liability insurance. How can you protect yourself in the face of shifting clientele and constantly changing tax laws?  Read the full article here.