For long, Uganda’s number one spot in the banking sector has been awarded to the financial institution with the biggest net profit (profit after tax) and bank assets. On 21st October 2016, Uganda’s once mighty local bank; failed Crane Bank,…
Effective 1st January 2019, your bank is required to account for all leases under the requirement of the new International Financial Reporting Standards Sixteen (IFRS 16). The standard requires that your bank accounts for leased assets (Right-of-Use Assets) and…
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