Smart Approaches to Trading Stock Valuation
GAAP / IFRS determines the accounting treatment, with tax largely following suit. Valuing your trading stock, also known as inventory, is a critical aspect of financial accounting and business management—not to mention tax compliance. Accurate valuation of inventory ensures that a company’s financial statements present a true and fair view of its financial position, directly […]
How to Make Sure Your Cash Works Harder Than Your Cost of Capital
In South Africa’s current economic climate, treasury management is no longer just about keeping the lights on and ensuring liquidity. It’s about making sure every rand of cash, especially idle or excess cash, earns a return that meets or exceeds the company’s cost of capital. If it doesn’t, the business is quietly losing value. This […]
How to Prepare for an External Audit
Getting ready for an external audit is an essential process for any business aiming to uphold compliance, ensure transparency, and strengthen its governance practices. External audits are essential for ensuring the accuracy of financial statements and verifying that a company is adhering to required accounting standards. Here’s a comprehensive guide to help you prepare for […]