Uganda at 57! How to transform the economy

Ugandans are known to generate very pleasant ideas or draft papers at workshops and conferences. Regrettably, these are never put into practice. Ask any government official, they will tell you how they have a grand plan to transform agriculture and the economy as well. You will see the same thing in the papers, concept notes

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How to measure ROU Assets in IFRS 16

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 a house that belonged to the Masaka District administration. My father; a public servant

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Why the IFRS 16 leases standard?

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” can now be treated as “lease contracts”, Accounting for leases in the lessee’s financial statements

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Don’t sell price, sell value

After disappointing appointments with prospects, one after the other, I returned to the office with my head down. During my form six vacation, I joined a publishing company; publishing a business magazine with practical insights for entrepreneurs. The team morale was very high after 2 hours briefing by the CEO of the company. He was

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How to impair unsecured loan facilities

‘Eat once, suffer once’ read a big painting on the wall in our dormitory cubic in the North Boys during my high school time at Duhaga S.S. In the cubic, all the boys shared similar characteristics; raised from not well-off families. Only a few amongst us came from middle-class families. With such a background, we

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