IFRS 16 Leases replaces IAS 17, and is effective periods beginning on or after 1 January 2019. IFRS 16 Leases brings significant changes in accounting requirements for lease accounting, primarily for lessees. For lessees, there is a choice of full retrospective application or retrospective application without restatement of prior year comparatives. IFRS 16 removes the
During an IFRS 9 modelling assignment at one of our clients, a financial institution; the Head of Credit asked; “summitIFRS 9 team, how should the bank impair financial assets that are credit impaired after the initial recognition?” To answer the Head of Credit, we referred to paragraph 5.5.13 of the IFRS 9 Standard provides guidance
The Ugandan economy is supported by SMEs contributing about 90% of the private sector production. SMEs are the prime source of new jobs and play a crucial role in income generation especially for the poor. Unlock Your Potential (UYP) is a practical training programme for owners and managers of small and medium enterprises who want
HAS YOUR UNIVERSITY conducted a Business Impact Analysis (BIA) to identify the mission-critical assets for effective protection? What is the basis of your University’s insurance cover? Are you not spending insuring risks that may never materialize and so you could be wasting money? What is your Recovery Time Objective (RTO) for the critical University assets?
The financial sector is undergoing changes. New standards and regulations call for changes in the status quo for financial institutions. And your microfinance institution is not spared. Local and global finance partners are increasing in demand for transparency in financial reporting. The time is now for your MFI to position herself as a role model