Rather than spend the $150 million or so necessary to shine it up, or take a loss by putting it directly on the HBO MAX service that, according to other reports, is heading for its own rocky shoals, executives probably figured that snuffing it out under the purchase accounting allowance was the least bad option. …
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 …
Understanding company debt and the impact it can have on picking stock Read More »
93% of senior finance executives say investing in finance and accounting is essential for sustaining business growth. However, only 24% of executives say they are investing in these functions to drive growth. Rather, they say they are focusing resources on efficiency, resulting in potentially limited expansion opportunities. Read more
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 …
What’s the State of Accounting in Africa? It’s Complicated Read More »
The Auditor-General’s office says the financial position of 28% of South Africa’s municipalities is so dire that there is “significant doubt” on whether they will be able to continue operating as going concerns in the near future. Read the full article here.
We asked an expert to break down what artificial intelligence means and to talk us through the challenges it creates for CFOs. What do we mean when we speak about artificial intelligence? To understand what AI is, we must understand how technology has developed. Five years ago, a finance department at a large firm typically …
What Artificial Intelligence Means and How CFOs Think About It Read More »
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 …
Accountants Have Benefited From Automation Since 3 000 BC. Why Should it Stop Now? Read More »
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 …
African accountancy profession is broadly optimistic about the economic future Read More »
Innovation principles can play a role in an organization’s financial planning and analysis (FP&A) functions. Listen to the podcast here.
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.
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