Since 2016, Zimbabwe has experienced a litany of currency and exchange control reforms starting with the introduction of bond notes and coins, coming to a crescendo in February 2019 with…
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Financial Reporting Technical (FRT)
Role of Acumen in Financial Reporting
Majority of companies in Zimbabwe are preparing financial statements with some moving towards the preparation of integrated reports. In a complex and volatile environment, financial reports produced should be relevant…
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Building blocks for successful implementation of International Public Sector Accounting Standards (IPSAS)
The Government of Zimbabwe has made a policy choice to have all public sector entities of a non-commercial nature adopt IPSAS with a target of achieving full compliance to accrual…
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Big step towards accountability and transparency in the public sector
For many Zimbabweans who take time to go through the reports of the Auditor General, it is common knowledge that accountability hasbeen an issue within the Public Sector. This has…
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Sustainability reporting, the future is here
Over the past decade, there has been a growing voice globally over Sustainability and sustainability reporting. This has seen United Nations (UN) adopting the 2030 Agenda for sustainable development through…
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IFRS 9 FOR INSURERS
With the effective date for IFRS 17 beingless than ten months away, financialstatements for insurance companies areexpected to undergo major changes. A keyarea that may be easily overlooked asinsurers prepare…
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The journey to implementing International Public Sector Accounting Standards (IPSAS) in Zimbabwe
In the year 2019, the Finance Minister Honourable Mthuli Ncube launched the migration to Accrual Based International Public Sector Accounting Standards (IPSAS). This game changer move will result in our…
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Should you apply IFRS 17?
The accountancy profession is abuzz with the approaching effective date of IFRS 17, which is 12 months away. At this point, many insurers around the world have initiated the implementation…
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Webinar – Currency Implications on 2020 Reporting (10 December 2020)
Join us on the 10th of December 2020, for a webinar on Currency Implications on 2020 Reporting. You can’t miss it for anything!! A special discount for all TAS clients!!…
Continue ReadingOnerous Relationships
An onerous relationship or contract is one in which the unavoidable costs under the contract exceeds the benefits received under the same contract. “Don’t mis-quote me LoL”, I am not…
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