Browsing by Subject "Financial Reporting"

Now showing 1 - 6 of 6
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    A study on the possible impact of constructive lease capitalisation on selected listed South African companies' financial statements, in light of IFRS 16 leases
    (2019) Cape, Jared; Modack, Goolam
    This study analyses the possible effects of constructive lease capitalisation on all companies in four sectors of the Johannesburg Stock Exchange (JSE) namely Industrial Transportation, Food and Drug Retailers, General Retailers and Travel and Leisure, in light of the impending adoption of IFRS 16.1 The capitalisation is performed using a model developed by Imhoff Jr., Lipe, & David, (1997) & Imhoff Jr., Lipe, & Wright, (1991) as well as further refinements in Dillon, (2014) & Fulbier, Silva, & Pferdehirt, (2006). The analysis looks at the effects of constructive capitalisation on key leverage and profitability ratios, and line items in the financial statements. The study also assesses the impact on disclosed loan covenants and whether constructive capitalisation will result in the breach of any covenants. The results show that the adoption of IFRS 16 has an impact on key ratios and line items specifically leverage ratios and earnings before interest, tax, depreciation and amortisation (EBITDA) margin. The sector most impacted is the Food and Drug Retailers. No loan covenants were breached as a result of constructive capitalisation, however the impact on the covenants was both positive and negative.
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    An investigation into the powers of the Auditor-General SA and its ability to strengthen the quality of democracy in South Africa
    (2019) Dhansay, Asief; Minter, Tessa
    The overall objective of the study is to provide commentary on the extent to which the public sector audit process contributes to the strength of democracy in South Africa by enhancing accountability. By studying audit outcomes, the concerns of the Auditor-General of South Africa (AGSA) around lack of accountability due to auditee non-responsiveness was confirmed. The amendments to the Public Audit Act which give the AGSA the power to sanction individuals is therefore considered necessary as a mechanism to change the culture of non-responsiveness amongst auditees and to therefore ensure accountability going forward. A comparative evaluation was conducted for the Ugandan public service where the Ugandan Auditor General has similar powers. This case study points to the necessity of supreme audit institutions in developing countries having enhanced powers to ensure accountability and thus enhance the quality of democracy, although there may be a trade off with the other dimensions of democracy, bringing in to question the overall quality of democracy. The study also outlines areas for future considerations which may impact on the strength of public financial accountability.
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    Perceptions of Retirement Savings: Through the Lens of Black amaXhosa Women in South Africa
    (2021) October, Charne; Willows, Gizelle
    Much research has been performed on the quantitative amount of formal savings held by various racial and gender groups. Such research has often concluded that Black women are the least prepared for retirement. Therefore, a narrative of scarcity has been perpetuated without fully understanding the underlying reason “why”. These traditional accounts erase and reduce social phenomenon to simplistic representations without recognizing the vast complexities of retirement for Black amaXhosa women in South Africa. This research aims to address this gap by providing first-hand accounts of why Black amaXhosa women believe they are the least prepared for retirement, as well as the alternative ways in which Black amaXhosa women save. This research uses open-ended, face-to-face interviews to collect data. In analysing the interviews, the researcher used Thematic Analysis and the Theories of Intersectionality and Socialization to interpret and analyse the interview transcripts. The researcher specifically focused on the use of inductive, semantic analyzation. All interview participants understood the importance of having retirement savings and either have or had some form of retirement savings. However, low savings were often due to income covering the cost of living, the emergence of unexpected events, and Black Tax. Other themes that emerged are the distrust in the formal financial sector, lower levels of accumulated wealth, and the financial responsibility of motherhood. All participants, in some way, supplemented their savings through the use of informal savings. This research is the first of its kind as it aims to create a “conversation” around retirement savings. It offers an introduction into “why” Black women could be seen by previously reviewed literature to save less for retirement, as well as to identify the alternative ways in which Black amaXhosa women prepare themselves for retirement. This “why” can assist further research and policymakers to better understand the complexity with regard to saving for retirement.
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    Workbook 2011 - Large Class Teaching Project
    (University of Cape Town, 2011-02-15) Herbert, Shelly; Minter, Tessa; Lubbe, Ilse; Hyland, Tarryn
    This workbook is used across 3 courses in the Commerce Faculty - Financial Reporting 2, Information Systems in Business and Control of Financial Information Systems. It incorporates and integrates aspects of all 3 courses.
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    Workbook 2012 - Large Class Teaching Project
    (University of Cape Town, 2012-02-15) Herbert, Shelly; Minter, Tessa; Lubbe, Ilse; Hyland, Tarryn
    This workbook is used across 3 courses in the Commerce Faculty - Financial Reporting 2, Information Systems in Business and Control of Financial Information Systems. It incorporates and integrates aspects of all 3 courses.
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    Workbook 2013 - Large Class Teaching Project
    (University of Cape Town, 2013-02-15) Herbert, Shelly; Minter, Tessa; Lubbe, Ilse; Hyland, Tarryn
    This workbook is used across 3 courses in the Commerce Faculty - Financial Reporting 2, Information Systems in Business and Control of Financial Information Systems. It incorporates and integrates aspects of all 3 courses.