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The Future of Accounting: Trends and Developments in the IT-Supported World of Finance
Significance of IT in Accounting With the emergence of Information Technologies (IT), accounting practices have undergone significant changes. Manual bookkeeping and calculations in spreadsheets have been replaced by sophisticated accounting software and platforms...
The potential advantages that the Netherlands can offer to South African business ventures:
In last week's article, we delved into the cultural and economic connections shared between South Africa and the Netherlands. Building upon that theme, this week's article focusses on the potential advantages that the Netherlands can offer to South African business...
Exploring the Cultural and Economic Ties between South Africa and the Netherlands
The historical relationship between South Africa and the Netherlands dates back to the 17th century when Dutch settlers arrived at the Cape of Good Hope. The establishment of the Dutch East India Company (VOC) in 1602 marked the beginning of Dutch presence in the...
IASB amends tax accounting requirements to help companies respond to international tax reform
On 23 May 2023, The International Accounting Standards Board (IASB) issued amendments to IAS 12 Income Taxes. The amendments give companies temporary relief from accounting for deferred taxes arising from the Organisation for Economic Co-operation and Development’s...
Unlocking the Potential of Blockchain: ‘Implications for Auditors and Leading the Way in the Accountancy Profession with Essential Skills’
The accounting profession is experiencing a transformative phase driven by emerging trends and technologies. One of the most influential technologies shaping the future of accounting is blockchain. This decentralized digital ledger has the potential to revolutionize...
Turbo Liquidation: An analysis of the ‘Temporary Act for Transparency Turbo Liquidation’.
In the Netherlands, "turbo liquidation" refers to a fast-track liquidation procedure that is typically used for small companies or businesses that have ceased operations and have no assets or liabilities. The procedure is called "turbo" because it is completed within...