Blog | Accounting Tuition

Why SA courts are quick to declare dishonest directors of non-profit companies delinquent

The Johannesburg High Court in South Africa recently declared a dishonest director of a non-profit company delinquent. This case shows...

Media literacy education in South Africa can help combat fake news - here’s what’s needed

Online platforms are replete with examples of false information – from WhatsApp messages punting some miraculous cure for COVID, to...

South Africa is surrounded by sea but doesn’t have a plan to protect it: three steps to get one

South Africa is surrounded by 2,798km of coastline. Yet, oddly, the country doesn’t have a coherent maritime strategy underpinned by a...

Three reasons why the US Federal Reserve Bank holds the world in its hands

Inflation is a global problem. At the end of August, it was 8.3% in the US and 9.1% in the Euro area. It is 20.3% in Nigeria, 25% in...

THE IMPORTANCE OF ANNUAL FINANCIAL STATEMENTS

This article is mainly aimed at directors of SME’s who require guidance in respect of Annual Financial Statements and accounting...

So now that we know what it is, how it works and the objective of XBRL, how do get our financials in

The first step is to ensure your annual financial statements are prepared and finalized. Once this is completed then only can this be...

So how does XBRL affect your business?

From 1 July 2018 (Being the effective date) CIPC requires a company’s Annual Financial Statements to be submitted in the iXBRL format....

How does XBRL work?

The way XBRL works is that it tags important financial data. This tagging process basically allocates a unique identifying tag for each...

So, what is XBRL and how does it affect South African Companies?

XBRL is short for Extensible Business Reporting Language. This is a globally recognized reporting format or electronic language used for...