In our article, identifying leases under IFRS 16, we discussed what constituents a contract to be classified as a lease. However, the question is; after you have identified your leases, what happens next? While growing up, our family stayed…
In January 2016, the new standard about lease accounting IFRS 16 was issued and it introduced a few major changes. The most significant are: A new definition of the lease can cause that some contracts previously treated as “service contracts”…
1. This is to invite you to IFRS 9 and IFRS 16 training at IFIS on 18th September 2019 starting at 9:00 am to 1:00 pm. The need for transparency in financial reporting has led to the release of several…
KIDEA Savings and Credit Society were one of the models and vibrant SACCO in our village. By the year 2004, the SACCO was at the peak. It had grown its clientele to cover all the villages in Kizarafumbi sub-county. Their…
In April 2014, I got my first job as a subscription sales officer at one of the most selling local magazines at the time. The target was; three (3) subscribers per week. The objective was to have 5,000 subscribers by…
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