sgodfrey

sgodfrey

Godfrey Ssenyonjo is a professional accountant in the making pursuing his CPA. Godfrey has previously worked as the General Manager Summit Business Publications Ltd. He speared the transformation of the magazine into an online digital magazine accessible world-wide. He changed career into consulting with key interests in the finance. He has championed IFRS 9 and IFRS 16 implementation at several banks. Has made several Board briefings to many financial instructions.

IFRS 15: Identifying a Contract

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…

IFRS 16: Identifying a lease

On the 20th of February 2019, the Central Bank of Uganda issued an instruction circular to Supervised Financial Institutions (SFIs). SFIs were required to submit a report on the implementation of the standard by 30th June 2019. Having championed IFRS…

IFRS 9 Financial Instruments: Impairment

In our series of ‘Measurement of the Expected Credit Loss, we have discussed what credit loss is and its components of the  12 months & lifetime expected credit. IFRS 9 requires recognition of impairment losses on a forward-looking basis which…