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Technically Speaking — August 2014

Published on: 05 Sep 2014

This edition includes articles on the following topics:

  • Revenue: What you need to know: #1 — The International Accounting Standards Board (IASB) recently released the long awaited IFRS 15 Revenue From Contracts with Customers. This article is the first in a series that discusses the things you need to know about the new revenue standard and how they impact you.
  • Insurance cells — In the South African environment, many companies have made use of cell captive arrangements housed within insurance companies. This article provides highlights of how the cell captives work and the underlying accounting implications.
  • Levies unlevered — The IASB recently released IFRIC 21 Levies to address a disparity of accounting treatments on levies imposed by government on entities across different industries and jurisdictions. This article expounds on the Interpretation and highlights the business impact in some industries and jurisdictions.
  • Investing in Africa — The immense possibilities for growth across most of Africa has brought significant interest in the region from both African and international investors. This article looks at some of the financial reporting and operational challenges to doing business in an emerging market.
  • Investment Entities: Fair value or consolidation? — The IASB recently released an amendment to IFRS 10, ‘Exemption from consolidation requirements for Investment Entities’ to address the accounting implications for Investment Entities. This article provides highlights on the amendment and gives examples of things to begin thinking about in preparation of the adoption of the amendment.

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