TAS Chartered Accountants

Elevate your financial reporting game with our 3rd quarter trainings! From mastering IFRS 18 to navigating IPSAS challenges in the public sector, we've got you covered. Plus, learn about IFRS 19 relief for subsidiary disclosures and practical insights on IFRS S2 for climate-related financial disclosures. Register now to stay ahead: https://t.co/wTdupYAqWa



Chartered Accountants Academy

Accountants have been reported to be key in driving sustainability reporting as they are pivotal in the reporting processes of a company. The IFRS S1 standard directly impacts the annual reporting processes. Understanding its requirements and implications is crucial for ensuring accurate and transparent annual reports.

For technical support with regards to IFRS S1 and other IFRS standards, kindly contact us on [email protected] or +263 775 014 044.

Exciting news for financial reporting! In May 2024, the IASB issued IFRS 19 “Subsidiaries without Public Accountability”, which will simplify financial reporting for eligible subsidiaries. The standard aims to reduce the cost of reporting, while meeting users’ information needs. Be on the lookout for upcoming information sessions on the new standard.

You can get more information about the standard by following this link: https://shorturl.at/VTGTq

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IFRS - IASB simplifies financial reporting for eligible subsidiary companies with new IFRS Accounting Standard The IFRS Foundation is a not-for-profit, public interest organisation established to develop high-quality, understandable, enforceable and globally accepted accounting and sustainability disclosure standards.

Did you know that IFRS 18 was issued in April 2024 and will be effective from 1 January 2027. One of the new key requirements is the presentation of operating profit as a subtotal in the statement of comprehensive income. A quick analysis of eight random ZSE listed entities conducted by TAS showed that only 75% presented the subtotal in their annual reports for FY 2023. Does your entity’s current financial reporting comply with this requirement of the new standard? What compliance gaps can you identify for your entity?

For technical support with regards to IFRS 18 and other IFRS standards, kindly contact us on [email protected] or +263 775 014 044.

How will ZiG Impact Public Sector Reporting?

Did you know the coming in of ZiG has a massive impact on the IPSAS implementation project for Public Sector Accountants? Wondering how? Join us for this empowering session as IPSAS experts, the Accountant General’s Office, and the Office of the Auditor General unpack and provide insights on the impact and way forward to Public Sector Financial Reporting and Auditing.



Follow this link to register: https://lnkd.in/dJW-Rjxn

Is ZIG the solution to Financial Reporting & Audit Challenges in Zimbabwe?

The question on whether ZIG is the panacea to Zim reporting and audit challenges is high on the minds of all accountants and users of financial reports. Join other preparers, regulators and investors as we unpack the reporting and audit implications of ZIG to protect public interest and enhance accountability.
Follow this link to register: https://lnkd.in/g---yu2B

The long awaited IFRS 18 is here!

On the 9th of April 2024, the IASB announced that they had finished work on IFRS 18 - Presentation and Disclosure in Financial Statements. The new standard changes the way in which entities present and disclose their financial information, thus making the information more useful and comparable between entities. These changes will allow for better investment decisions. IFRS 18 is effective for annual reporting periods beginning on or after 1 January 2027, however early adoption is allowed.

The TAS team participated in the development of the new standard and is ready to rollout IFRS update trainings and implement the new standard.

Follow this link to access more information on the new standard: https://www.ifrs.org/news-and-events/news/2024/04/new-ifrs-accounting-standard-will-aid-investor-analysis-of-companies-financial-performance/
https://www.ifrs.org/content/dam/ifrs/meetings/2023/october/eeg/ap-1-primary-financial-statements-october-2023-eeg.pdf

Chartered Accountants Academy Chartered Governance and Accountancy Institute in Zimbabwe

IFRS - New IFRS Accounting Standard will aid investor analysis of companies’ financial performance The IFRS Foundation is a not-for-profit, public interest organisation established to develop high-quality, understandable, enforceable and globally accepted accounting and sustainability disclosure standards.

Join TAS and CAA as we unravel the financial reporting & audit implication issues emanating from the new MPS (ZIG). Our team assisted from 2009 and all subsequent changes of currency in Zimbabwe 🇿🇼. We are ready to lead again!
Register here: shorturl.at/hpsJ4

A heartfelt congratulations to our fellow Docere trainees Tungamirai Chitsika Allen Mazhaume Samukange who passed the 2023 APC exams. 🎉 Your dedication, hard work, and perseverance have paid off. This achievement is a testament to your commitment to excellence. As you embark on the next chapter of your journey, know that you have the knowledge, skills, and determination to reach even greater heights. We are immensely proud of each and every one of you.

Please be advised that our offices at 200 Uppereast Road will be temporarily closed from 12 December 2023, to allow for Construction work happening at the premises. Our new temporary premises will be announced in due course.
In the meantime, for all your technical issues contact us on the following numbers: Ackson 0774514396 or Webster 0777962455.

The TAS team and ICAZ was at the Sabre Business World for an IFRS S1 training. For all your Sustainability reporting and training needs, contact us on [email protected]

TAS IFRS Conference solves the Zimbabwe Corporate Reporting Challenges!

From 15 – 19 November 2023, Training & Advisory Services (TAS) held an IFRS technical conference, themed: Towards Best Corporate Reporting Practices to Protect Public Interest. Participants included high profile chief finance officers, economists, auditors, Public Accountants and Auditors Board (PAAB) as the Zimbabwe Accounting Standard Setter, the Institute of Chartered Accountants of Zimbabwe (ICAZ) representing most practicing accountants and auditors and the Zimbabwe Stock Exchange (ZSE). The conference took a deep technical analysis of prior years and current Zimbabwean reporting challenges to:
1. Assist preparers with 2023 reporting preparation
2. Improve the relevance and usefulness of financial reports to users
3. To chart a way back to full IFRS compliance
The biggest goal being to make the Zimbabwean financial market attractive for both domestic and international stakeholders by providing relevant financial information. The key outcomes to solve these challenges are outlined in this article. Click below for more:
https://www.tas.co.zw/wp-content/uploads/2023/11/TAS-IFRS-Conference-solves-the-Zimbabwe-Corporate-reporting-challenges.pdf

In addition to reading our article, kindly participate in our poll below. This allows us to do research on the market's sentiment in relation to the current economic environment.

https://forms.gle/x8vCCwqW58mveMjf6

Empower Foundation is fundraising to rehabilitate a block of its beneficiary school in Makonde that was destroyed by the recent storms. Empower Foundation is joined by TAS Chartered Accountants and SayIt in sharing ideas on how individuals and business can manage finances and create wealth in a hyperinflationary environment. Kindly join this crucial conversation for a noble cause. You can advertise your products and services during the event. All receipts will be for charity.

On the mid-morning session at the Annual corporate reporting conference, Mr. Courage Matsa presented on, "How audit preparation can be enhanced in Zimbabwe". There was also golf in the afternoon at the Royal Durban Club.

Day 2 of the 2023 Annual corporate reporting conference at the Durban Blue Waters Hotel in pictures. Mr Webster Sigauke, presented on "Guidance on technical reporting challenges" this morning.

Registration is still in progress for the "Navigating the Path to IFRS S1 compliance" training scheduled for the 24th of November 2023.

Have you secured your spot for the transformative course, "Navigating Path to IFRS SI Compliance"? 🚀📚 Dive into the world of Enhancing Financial Reporting and Sustainability Disclosures. 📊💡

Don't miss out on the chance to elevate your skills and stay ahead of the game!
Secure your spot now: https://bit.ly/3FT1vKN

The 2023 Annual corporate reporting conference is currently underway at the Durban Blue Waters Hotel in South Africa. Professor Tony Hawkins presented on the Economic Outlook and Mr Tapera Petros Masarakufa presented on the challenges in preparing financial reports for Zimbabwean companies.

📣 Attention Financial Professionals! 📣

Unlock the Power of Financial Reporting and Sustainability Disclosures!
Join our exclusive training course on Navigating the Path to IFRS SI Compliance, focused on Enhancing Financial Reporting and Sustainability Disclosures.

📅 Date: November 24th, 2023
⏰ Time: 09:00 AM - 03:30 PM

Gain comprehensive knowledge of IFRS SI compliance, practical tools, and strategies to enhance financial reporting and sustainability disclosures. Network with industry peers and receive valuable course materials.

Register now for this transformative training experience: https://bit.ly/3FT1vKN

How TAS can help you Resolve 2023 Reporting Challenges!

Join us at the TAS Annual Corporate Reporting Conference in Durban South Africa to explore how Zim corporates can achieve full IFRS compliance again. Zim and RSA standard reporting setters and financial market regulators will join the technical debate as the challenges also affect foreign financial markets where these Zim foreign owned subsidiaries are consolidated. Anesu will lead the technical debate on hyperinflation accounting and functional assessments. He recently attended the International Accounting Standards Board (IASB) IFRS Emerging Economies Group meeting in South Africa. To register for the Durban conference, contact us on [email protected] or 0773461503.

Become a Chartered Accountant, CA(Z) and enhance your chances for a global career. The first step is to enroll with us for the January 2024 applications either the BCTA or CTA program and start your journey to a financially rewarding global career.
To apply visit our website www.caa.ac.zw ,click apply now button and follow onscreen instructions.






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We have exciting news for our clients who want to register for the Annual corporate reporting conference. The registration deadline has been extended. Contact us today to register on [email protected] or 08688007098 or 0773461503,

In August 2023 the International Accounting Standards Board (IASB) issued Lack of Exchangeability, which amended IAS 21 The Effects of Changes in Foreign Exchange Rates. This comes as a relief for most Zimbabwean accountants who have been struggling in determining correct exchange rates. If you are one of those practitioners affected, have you asked yourself the following questions:
1. Should I early adopt even though effective date is 1 January 2025?
2. What methods acceptable by IFRS will I apply to determine the correct exchange rates?
3. What impact will this have on my financial statements?
4. Do I have to restate my prior year financial statements?
5. How will I disclose this new impact?
If these questions affect you, join the Training and Advisory Services Annual Corporate Reporting Conference to be held from 15th – 19th of November 2023 in Durban. To register contact us on [email protected]; 08688007098 or 0773461503.

The ZSE made a big move to assist investors in obtaining financial information that is understandable by allowing a USD presentation of financials. The reasons provided also points big towards correct assessment of functional currency. Read more...

Zimbabwe-listed companies get leeway to report financials in US dollars Zimbabwe-listed companies get leeway to report financials in US dollars - Economy&Finance - operanewsapp

The 2023 annual conference shall explore the Zimbabwean economic landscape, the impact of economic policies on financial reporting, key reporting challenges that are causing non-compliance, audit insights on how to prepare better for audits, sustainability reporting, as well as insights in practical IFRS 17 implementation challenges and solutions.
Limited seats are available and are fast running out. Register today.

The Zimbabwe Financial reporting landscape continues to be dynamic and complex. Audit qualifications, late publishing of financials, low investor confidence, clashes with local legislative policies continue to be the order of the day. The coming in of new IFRS standards such as IFRS S1, IFRS S2 and IFRS 17 further compounds to the work that needs to be done to achieve fair presentation. If you are a financial statements preparer, auditor, investor or part of a management team who seeks to make a difference in your entity’s financial reporting or who seeks to understand these reports better, then join us from 15 -19 November 2023 at Durban Blue Waters Hotel, Durban, South Africa.

ICAZ in conjunction with TAS, is running an IPSAS course to certify proficiency in basic understanding of IPSAS to assist in the IPSAS implementation efforts. Enrolment is now open for the last class for 2023 starting this October. Contact us on [email protected] or 0772708052 to register.

The Docere Group CEO, Anesu Daka and the TAS Managing Director, Webster Sigauke were at the ICAZ Public Sector Convention held in Bulawayo last week taking part in the conversations on financial reporting and sustainability reporting in the Public Sector.

Manufacturing companies have a significant environmental footprint. By embracing sustainability reporting, they can demonstrate their commitment to reducing waste, improving energy efficiency, and adopting eco-friendly practices. Transparent reporting fosters trust among stakeholders and drives innovation towards more sustainable manufacturing processes. Contact us for more on sustainability reporting on [email protected] or 08688007098

As companies gear up for the new Sustainability Reporting Standards. Here are 10 things you should know about the IFRS Sustainability standards.

IFRS - Ten things to know about the first ISSB Standards The IFRS Foundation is a not-for-profit, public interest organisation established to develop high-quality, understandable, enforceable and globally accepted accounting and sustainability disclosure standards.