On 31 August 2017, the Public Accountants and Auditors Board (PAAB) hosted a roundtable discussion to gather views on whether Zimbabwe should adopt the International Public -Sector Accounting Standards (IPSAS).…
Continue Reading
Financial Reporting Technical (FRT)
Audit Opinions Roll Over
Since 2009, Zimbabwe has been characterized by series of critical events and monetary policy pronouncements (i.e. the Monetary policy statements and the Statutory Instruments (SIs)) that significantly affected the functional…
Continue Reading
Currency Reforms
Zimbabwe has been characterised by a series of critical events and monetary policy pronouncements (Monetary policy statements and Statutory Instruments (SIs) that significantly affected the currency in Zimbabwe since 2009.…
Continue Reading
Analysis of Business Impact Due to COVID-19
Corona Virus Global Impact On 31 December 2019, the Wuhan Municipal Health Commission in Wuhan City, Hubei province, China, reported a cluster of 27 pneumonia cases (including seven severe cases)…
Continue Reading
Financial Reporting Implications of Covid-19
Introduction It goes without saying that the Coronavirus is currently wreaking havoc on the world economy, and it follows that there are some reporting implications to this nightmare that we…
Continue Reading
The implications of the exchange rate measures
In a quest to stabilize the exchange rate and arrest runaway inflation, the Minister of Finance and Economic Development, Hon. Prof. Mthuli Ncube issued a Press Statement on 11 March…
Continue Reading
Accounting from a banks’ perspective-the challenges of interest rate,NPLs and interbank rate
Download your free article here; https://tas.co.zw/wp-content/uploads/2019/10/BANKS-BANKING-SURVEY-2019-ARTICLE.pdf
Continue Reading
ACCOUNTING FOR THE 2% IMT TAX
Towards the end of the 2018 calendar year, the Finance Minister – Professor Mthuli Ncube – announced a 2% Intermediated Money Transfer Tax (IMTT) as part of the austerity measures…
Continue Reading
INTERMEDIATED MONEY TRANSFER TAX – (IMTT)
1. PREAMBLE The Intermediated Money Transfer Tax (IMTT) is levied on transferred amount per section 36G of the Income Tax Act [Chapter 23:06] as read with the 30th schedule to…
Continue Reading
MONETARY REFORMS IMPLICATIONS ON 2019 FINANCIAL REPORTING
An Executive summary of the considerations of monetary reforms on 2019 financial reporting in Zimbabwe Download your free E-Book now on; Click here to download
Continue Reading